TrimTabs US Free Cash Flow Quality ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.7x P/Sales
ratio
2.5x
P/BV
ratio
4.7x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TTAC aims to outperform a broad US equity index. The actively-managed fund selects stocks based on trends in free cash flow, balance sheet strength and share buybacks.

FUND BASICS
Category US Equities
Fund Sponsor TrimTabs
Website trimtabsfunds.com
Inception date Sep 28, 2016
Assets (mns) $192
Currency USD
Expense ratio 59 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 91
Wgt avg mkt cap (mns) $231,869
Large cap (>$10bn) 90.6%
Mid cap ($2-10bn) 9.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 3.2 %
MORGAN STANLEY 2.4 %
MICROSOFT CORP 2.3 %
AMAZON.COM INC 2.1 %
APPLE INC 1.8 %
FACEBOOK 1.7 %
NIKE INC -CL B 1.4 %
OLD DOMINION FREIGHT LINE 1.4 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
VISA INC-CLASS A SHARES 1.4 %
Total 19.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.6 %
IRELAND 3.5 %
ISRAEL 1.3 %
BRITAIN 1.2 %
CHINA 1.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.3% 18.3% -- -- 15.9%

Market Correlations
versus... Beta R-squared
S&P500 1.04 95%
MSCI EAFE 0.95 77%
MSCI Emg. Mkts. 0.76 63%

Technical Indicators
Recent close $47.67
30d moving avg. $46.29
Annualized volatility 20.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.4%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $91,881

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the TrimTabs US Free Cash Flow Quality ETF ETF based on the alternatives' overlap in portfolio holdings with TTAC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TTAC Expense: 59 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TTAC
Ticker Fund
Name
Overlap1
vs TTAC
(%)
Expense
ratio
(bp)
Savings
vs TTAC
(bp)
ALTAR
Score™
(%)
ALTAR
vs TTAC
(%)
ESGV Vanguard ESG U.S. Stock ETF 34.8 12 47 4.5 +1.1
MGC Vanguard Mega Cap Index Fund 32.6 7 52 4.6 +1.2
BKLC BNY Mellon US Large Cap Core Equity ETF 32.2 0 59 4.5 +1.1
IWL iShares Russell Top 200 ETF 32.2 15 44 4.4 +1.0
XVV iShares ESG Screened S&P 500 ETF 32.1 8 51 4.9 +1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.9 60 -1 3.6 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.5 20 39 4.8 +1.4
PBP Invesco S&P 500 BuyWrite ETF 31.4 49 10 4.3 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 31.2 27 32 4.6 +1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 31.1 60 -1 4.4 +1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 31.1 15 44 4.6 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.9 20 39 4.6 +1.2
VOO VANGUARD S&P 500 ETF 30.8 3 56 4.8 +1.4
SPY SPDR S&P 500 ETF Trust 30.7 9 50 4.7 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 30.7 29 30 4.5 +1.2
IVV iShares Core S&P 500 ETF 30.7 3 56 4.7 +1.3
SPLG SPDR Portfolio Large Cap ETF 30.7 3 56 4.7 +1.3
OEF iShares S&P 100 ETF 30.3 20 39 4.2 +0.8
EFIV SPDR S&P 500 ESG ETF 30.2 10 49 4.6 +1.2
SNPE Xtrackers S&P 500 ESG ETF 30.2 10 49 4.6 +1.2
FDMO Fidelity Momentum Factor ETF 30.1 29 30 2.4 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.1 9 50 4.8 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 29.9 7 52 4.5 +1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 29.8 2 57 4.6 +1.2
VV Vanguard Large-Cap Index Fund 29.8 4 55 4.6 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.7 12 47 4.0 +0.6
JOET Virtus Terranova US Quality Momentum ETF 29.5 29 30 4.6 +1.2
PBUS Invesco PureBeta MSCI USA ETF 29.3 4 55 4.6 +1.2
SCHX Schwab U.S. Large-Cap ETF 29.3 3 56 4.5 +1.2
EPS WisdomTree U.S. Earnings 500 Fund 29.2 8 51 5.9 +2.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.1 15 44 5.8 +2.4
ESGU iShares MSCI USA ESG Optimized ETF 29.0 15 44 4.4 +1.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.0 19 40 5.3 +1.9
SPTM SPDR Portfolio Total Stock Market ETF 28.9 3 56 4.8 +1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 28.9 27 32 4.3 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 28.9 15 44 5.2 +1.9
ACIO Aptus Collared Income Opportunity ETF 28.8 79 -20 3.8 +0.4
SCHK Schwab 1000 Index ETF 28.8 5 54 4.6 +1.2
IWB iShares Russell 1000 ETF 28.8 15 44 4.4 +1.1
ESG FlexShares STOXX US ESG Impact Index Fund 28.7 32 27 4.4 +1.1
XLG Invesco S&P 500 Top 50 ETF 28.5 20 39 4.1 +0.7
IYY iShares Dow Jones U.S. ETF 28.5 20 39 4.4 +1.0
VOOG Vanguard S&P 500 Growth ETF 28.5 10 49 3.9 +0.5
HIPR Direxion High Growth ETF 28.5 40 19 3.8 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 28.4 27 32 4.3 +1.0
IWY iShares Russell Top 200 Growth ETF 28.3 20 39 3.6 +0.2
MGK Vanguard Mega Cap Growth ETF 28.3 7 52 3.6 +0.3
KRMA Global X Conscious Companies ETF 28.2 43 16 4.8 +1.4
SFY SoFi Select 500 ETF 28.1 0 59 4.5 +1.1
IWF iShares Russell 1000 Growth ETF 28.1 19 40 3.4 +0.0
VTHR Vanguard Russell 3000 Index Fund 28.0 10 49 4.4 +1.0
VONG Vanguard Russell 1000 Growth Index Fund 27.7 8 51 3.5 +0.1
IQSU IQ Candriam ESG US Equity ETF 27.7 9 50 4.5 +1.1
IWV iShares Russell 3000 ETF 27.4 20 39 4.3 +0.9
SCHB Schwab U.S. Broad Market ETF 27.3 3 56 4.4 +1.1
ECOZ TrueMark ESG Active Opportunities ETF 27.3 58 1 3.0 -0.4
JQUA JPMorgan U.S. Quality Factor ETF 27.3 12 47 5.0 +1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 27.2 4 55 3.7 +0.3
IVW iShares S&P 500 Growth ETF 27.2 18 41 3.5 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.2 3 56 4.4 +1.0
VONE Vanguard Russell 1000 ETF 27.1 8 51 4.5 +1.2
VUG Vanguard Growth Index Fund 27.1 4 55 3.5 +0.1
SPQQ Siren Large Cap Blend Index ETF 26.9 20 39 4.2 +0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 26.8 25 34 5.6 +2.2
VTI Vanguard Total Stock Market Index Fund 26.8 3 56 4.4 +1.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 26.7 12 47 4.9 +1.5
JHML John Hancock Multifactor Large Cap ETF 26.5 29 30 4.8 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 26.4 12 47 3.0 -0.4
IUSG iShares Core S&P US Growth ETF 26.4 4 55 3.7 +0.3
AFLG First Trust Active Factor Large Cap ETF 26.3 55 4 4.7 +1.3
SPXT ProShares S&P 500 Ex-Technology ETF 26.2 27 32 4.8 +1.5
QLC FlexShares US Quality Large Cap Index Fund 26.1 32 27 4.4 +1.0
MMLG First Trust Multi-Manager Large Growth ETF 26.0 85 -26 1.8 -1.6
FQAL Fidelity Quality Factor ETF 25.9 29 30 5.0 +1.6
DFAU Dimensional US Core Equity Market ETF 25.8 12 47 4.7 +1.3
DSI iShares MSCI KLD 400 Social ETF 25.6 25 34 4.5 +1.2
ADME Aptus Drawdown Managed Equity ETF 25.3 79 -20 3.1 -0.3
FLQL Franklin LibertyQ U.S. Equity ETF 25.0 15 44 5.9 +2.5
NACP Impact Shares NAACP Minority Empowerment ETF 25.0 49 10 4.7 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 24.8 25 34 5.9 +2.5
TMFC Motley Fool 100 Index ETF 24.7 50 9 3.0 -0.4
QUAL iShares MSCI Usa Quality Factor ETF 24.7 15 44 5.0 +1.6
RESP WisdomTree US ESG Fund of Benef Interest 24.7 28 31 5.0 +1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.6 75 -16 2.0 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.6 30 29 5.0 +1.7
PSET Principal Price Setters Index ETF 24.4 15 44 4.6 +1.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 24.3 49 10 4.2 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 24.3 4 55 3.2 -0.2
RWL Invesco S&P 500 Revenue ETF 24.2 39 20 6.2 +2.9
WOMN Impact Shares YWCA Women's Empowerment ETF 24.2 75 -16 3.5 +0.1
NULC Nuveen ESG Large-Cap ETF 24.1 20 39 4.2 +0.8
AVUS Avantis U.S. Equity ETF 24.0 15 44 4.8 +1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.9 10 49 4.8 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 23.8 10 49 4.8 +1.4
FLLV Franklin Liberty U.S. Low Volatility ETF 23.8 29 30 4.9 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 23.7 49 10 3.4 +0.0
DGRO iShares Core Dividend Growth ETF 23.6 8 51 6.0 +2.6
CLRG IQ Chaikin U.S. Large Cap ETF 23.5 25 34 5.0 +1.6
FVAL Fidelity Value Factor ETF 23.4 29 30 6.8 +3.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
TrimTabs US Free Cash Flow Quality ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.5 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.