TrimTabs All Cap U.S. Free-Cash-Flow ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.8x P/Sales
ratio
3.2x
P/BV
ratio
5.1x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The TrimTabs All Cap U.S. Free-Cash-Flow ETF seeks to generate long-term returns in excess of the total return of the Russell 3000 Index, with less volatility than the Index.

FUND BASICS
Category US Equities
Fund Sponsor TrimTabs Asset Management
Website trimtabsfunds.com
Inception date Sep 27, 2016
Assets (mns) $106
Currency USD
Expense ratio 59 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 82
Wgt avg mkt cap (mns) $241,590
Large cap (>$10bn) 92.0%
Mid cap ($2-10bn) 8.0%
Small cap (<$2bn) 0.0%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
AMAZON.COM INC 3.2 %
MICROSOFT CORP 2.7 %
JPMORGAN CHASE & CO 2.5 %
EXXON MOBIL CORP 2.3 %
ALPHABET INC. CLASS A 2.0 %
UNITEDHEALTH GROUP INC 2.0 %
APPLE INC 1.8 %
FACEBOOK 1.8 %
NIKE INC -CL B 1.7 %
MORGAN STANLEY 1.6 %
Total 21.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.7 %
CHINA 2.8 %
IRELAND 2.6 %
ISRAEL 1.6 %
BRITAIN 1.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.4% 1.8% -- -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 1.07 93%
MSCI EAFE 1.03 76%
MSCI Emg. Mkts. 0.71 57%

Technical Indicators
Recent close $37.82
30d moving avg. $37.21
Annualized volatility 18.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.5%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $112,892

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the TrimTabs All Cap U.S. Free-Cash-Flow 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™: 3.7%


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
(%)
IWL iShares Russell Top 200 ETF 35.7 15 44 5.1 +1.4
OEF iShares S&P 100 ETF 34.9 20 39 4.8 +1.2
BKLC BNY Mellon US Large Cap Core Equity ETF 34.8 0 59 5.3 +1.6
MGC Vanguard Mega Cap Index Fund 34.7 7 52 5.3 +1.6
FQAL Fidelity Quality Factor ETF 34.2 29 30 5.5 +1.9
XLG Invesco S&P 500 Top 50 ETF 34.0 20 39 4.5 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.8 20 39 5.0 +1.4
JQUA JPMorgan U.S. Quality Factor ETF 33.6 12 47 5.3 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 33.5 29 30 5.3 +1.6
SNPE Xtrackers S&P 500 ESG ETF 33.4 11 48 5.2 +1.5
PBP Invesco S&P 500 BuyWrite ETF 33.4 49 10 5.0 +1.4
ECOZ TrueMark ESG Active Opportunities ETF 33.4 58 1 4.4 +0.7
SPY SPDR S&P 500 ETF Trust 33.2 9 50 5.4 +1.7
IVV iShares Core S&P 500 ETF 33.1 4 55 5.5 +1.8
SPLG SPDR Portfolio Large Cap ETF 33.1 3 56 5.5 +1.8
SPXE ProShares S&P 500 Ex-Energy ETF 33.0 27 32 5.4 +1.7
VOO VANGUARD S&P 500 ETF 32.9 3 56 5.5 +1.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.9 20 39 5.4 +1.8
HSPX Global X S&P 500 Covered Call ETF 32.8 65 -6 4.9 +1.2
PWB Invesco Dynamic Large Cap Growth ETF 32.8 55 4 3.4 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 32.4 75 -16 3.8 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.3 12 47 5.0 +1.3
VV Vanguard Large-Cap Index Fund 32.3 4 55 5.3 +1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.2 7 52 5.3 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.2 2 57 5.4 +1.7
PBUS Invesco PureBeta MSCI USA ETF 31.7 4 55 5.3 +1.7
SCHG Schwab U.S. Large-Cap Growth ETF 31.5 4 55 4.2 +0.5
SCHX Schwab U.S. Large-Cap ETF 31.5 3 56 5.3 +1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.5 19 40 5.7 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.5 9 50 5.6 +1.9
SPTM SPDR Portfolio Total Stock Market ETF 31.4 3 56 5.6 +1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 31.3 15 44 6.3 +2.6
FDMO Fidelity Momentum Factor ETF 31.3 29 30 3.9 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 31.3 27 32 5.0 +1.4
IWB iShares Russell 1000 ETF 31.1 15 44 5.2 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 31.0 32 27 5.1 +1.5
ESGU iShares MSCI USA ESG Optimized ETF 30.9 15 44 5.2 +1.5
VONE Vanguard Russell 1000 ETF 30.9 8 51 5.3 +1.7
SCHK Schwab 1000 Index ETF 30.9 5 54 5.3 +1.7
IWY iShares Russell Top 200 Growth ETF 30.8 20 39 4.2 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 30.8 27 32 5.1 +1.4
IYY iShares Dow Jones U.S. ETF 30.7 20 39 5.2 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 30.7 12 47 4.9 +1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.6 60 -1 4.4 +0.8
HIPR Direxion High Growth ETF 30.5 40 19 2.9 -0.8
ESGV Vanguard ESG U.S. Stock ETF 30.1 12 47 5.2 +1.6
SPYG SPDR Portfolio S&P 500 Growth ETF 30.1 4 55 4.4 +0.7
IVW iShares S&P 500 Growth ETF 30.1 18 41 4.2 +0.6
SFY SoFi Select 500 ETF 30.1 0 59 5.3 +1.6
IWF iShares Russell 1000 Growth ETF 30.0 19 40 4.2 +0.5
VOOG Vanguard S&P 500 Growth ETF 30.0 10 49 4.3 +0.6
ACIO Aptus Collared Income Opportunity ETF 30.0 79 -20 4.4 +0.7
IWV iShares Russell 3000 ETF 29.9 20 39 5.1 +1.5
SCHB Schwab U.S. Broad Market ETF 29.8 3 56 5.3 +1.6
AFLG First Trust Active Factor Large Cap ETF 29.8 55 4 5.6 +2.0
EPS WisdomTree U.S. Earnings 500 Fund 29.8 8 51 6.5 +2.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 29.7 3 56 5.2 +1.6
VTHR Vanguard Russell 3000 Index Fund 29.7 10 49 5.2 +1.5
QUAL iShares MSCI Usa Quality Factor ETF 29.7 15 44 5.4 +1.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 29.7 15 44 4.2 +0.5
VONG Vanguard Russell 1000 Growth Index Fund 29.7 8 51 4.3 +0.6
KRMA Global X Conscious Companies ETF 29.6 43 16 5.3 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 29.6 15 44 5.9 +2.2
VTI Vanguard Total Stock Market Index Fund 29.5 3 56 5.2 +1.6
IUSG iShares Core S&P US Growth ETF 29.5 4 55 4.4 +0.7
EXT WisdomTree U.S. Total Earnings Fund 29.4 28 31 5.3 +1.6
TMFC Motley Fool 100 Index ETF 29.2 50 9 3.8 +0.1
MGK Vanguard Mega Cap Growth ETF 29.0 7 52 4.2 +0.5
VUG Vanguard Growth Index Fund 28.8 4 55 4.1 +0.4
NACP Impact Shares NAACP Minority Empowerment ETF 28.5 75 -16 4.6 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 28.3 25 34 6.2 +2.5
IQSU IQ Candriam ESG US Equity ETF 28.0 9 50 5.1 +1.5
SPXT ProShares S&P 500 Ex-Technology ETF 27.9 27 32 5.7 +2.1
JHML John Hancock Multifactor Large Cap ETF 27.4 29 30 5.6 +2.0
FLQL Franklin LibertyQ U.S. Equity ETF 27.1 15 44 6.3 +2.7
FTCS First Trust Capital Strength ETF 26.8 58 1 4.9 +1.3
AVUS Avantis U.S. Equity ETF 26.7 15 44 5.8 +2.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 26.6 52 7 5.1 +1.4
ADME Aptus Drawdown Managed Equity ETF 26.5 81 -22 3.6 -0.1
PSET Principal Price Setters Index ETF 26.5 29 30 4.6 +1.0
PDP Invesco DWA Momentum ETF 26.3 62 -3 2.8 -0.9
FMK First Trust Mega Cap AlphaDEX Fund 26.3 70 -11 5.2 +1.6
QLC FlexShares US Quality Large Cap Index Fund 26.3 32 27 5.4 +1.7
JMOM JPMorgan U.S. Momentum Factor ETF 26.3 12 47 3.9 +0.2
WOMN Impact Shares YWCA Women's Empowerment ETF 26.1 75 -16 4.6 +0.9
BVAL Brand Value ETF 26.1 65 -6 6.2 +2.5
RECS Columbia Research Enhanced Core ETF 25.9 15 44 5.7 +2.0
FTC First Trust Large Cap Growth AlphaDEX Fund 25.9 61 -2 2.9 -0.7
JKE iShares Morningstar Large-Cap Growth ETF 25.6 25 34 2.9 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 25.4 49 10 4.1 +0.5
FVL First Trust Value Line 100 Exchange-Traded Fund 25.4 70 -11 5.2 +1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.4 30 29 6.6 +2.9
DIVB iShares U.S. Dividend & Buyback ETF 25.2 25 34 6.7 +3.0
AIEQ AI Powered Equity ETF 25.2 87 -28 3.7 +0.1
CACG ClearBridge All Cap Growth ETF 25.0 54 5 4.4 +0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 25.0 59 0 4.2 +0.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 25.0 35 24 4.4 +0.8
STLG iShares Factors US Growth Style ETF 24.9 25 34 3.7 +0.1
IUS Invesco Strategic US ETF 24.9 19 40 6.7 +3.1
RWL Invesco S&P 500 Revenue ETF 24.9 39 20 7.3 +3.6

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 All Cap U.S. Free-Cash-Flow 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 19.9 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.52
 
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.