AdvisorShares Wilshire Buyback ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.0x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
AdvisorShares Wilshire Buyback is an actively managed exchange-traded fund incorporated in the USA. The ETF selects stocks based on extensive historical buyback research from Wilshire Associates, investing in companies that are not increasing leverage and have positive free cash flow.

FUND BASICS
Category US Equities
Fund Sponsor AdvisorShares Trust
Website www.advisorshares.com
Inception date Oct 05, 2011
Assets (mns) $59
Currency USD
Expense ratio 91 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Proprietary
Index replication n/a
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $205,329
Large cap (>$10bn) 94.5%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.0%
Developed mkts 97.8%
Emerging mkts 2.2%

TOP TEN HOLDINGS
MICROSOFT CORP 3.7 %
JPMORGAN CHASE & CO 3.6 %
PHILIP MORRIS INTERNATIONAL 3.5 %
VERIZON COMMUNICATIONS INC 3.5 %
AMERICAN TOWER CORP-CL A 3.1 %
ALPHABET INC. CLASS A 3.0 %
CHEVRON CORP 2.9 %
PNC FINANCIAL SERVICES GROUP 2.7 %
BOEING CO 2.6 %
SANOFI-AVENTIS-ADR 2.6 %
Total 31.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.8 %
SWITZERLAND 4.7 %
BRITAIN 3.9 %
FRANCE 2.6 %
SINGAPORE 2.2 %
CHINA 1.8 %
GERMANY 0.6 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.7% 17.4% 7.3% -- 12.4%

Market Correlations
versus... Beta R-squared
S&P500 0.94 86%
MSCI EAFE 0.87 60%
MSCI Emg. Mkts. 0.56 44%

Technical Indicators
Recent close $73.36
30d moving avg. $75.61
Annualized volatility 12.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.5%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 1.11%
ADV underlying (mns) $36,358

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the AdvisorShares Wilshire Buyback ETF ETF based on the alternatives' overlap in portfolio holdings with TTFS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TTFS Expense: 91 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TTFS
Ticker Fund
Name
Overlap1
vs TTFS
(%)
Expense
ratio
(bp)
Savings
vs TTFS
(bp)
ALTAR
Score™
(%)
ALTAR
vs TTFS
(%)
FMK First Trust Mega Cap AlphaDEX Fund 29.6 70 21 5.6 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 23.9 8 83 7.0 +0.7
OVOL Invesco Russell 1000 Low Volatility Factor ETF 23.4 19 72 6.6 +0.3
IWX iShares Russell Top 200 Value ETF 22.5 20 71 7.0 +0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 21.9 12 79 5.4 -0.8
DGRO iShares Core Dividend Growth ETF 21.8 8 83 6.6 +0.3
XLG Invesco S&P 500 Top 50 ETF 21.5 20 71 5.2 -1.1
ESGL Invesco ESG Revenue ETF 21.4 40 51 8.4 +2.2
IWL iShares Russell Top 200 ETF 21.3 15 76 5.6 -0.7
MGC Vanguard Mega Cap Index Fund 21.1 7 84 5.7 -0.5
OEF iShares S&P 100 ETF 21.1 20 71 5.5 -0.8
EXT WisdomTree U.S. Total Earnings Fund 20.8 28 63 7.1 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 20.8 27 64 5.6 -0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 20.6 28 63 6.7 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 20.5 32 59 5.4 -0.9
FDMO Fidelity Momentum Factor ETF 20.3 29 62 4.1 -2.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 20.2 15 76 5.6 -0.7
FDLO Fidelity Low Volatility Factor ETF 20.2 29 62 5.2 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 20.1 20 71 5.5 -0.8
EDOW First Trust Dow 30 Equal Weight ETF 20.0 50 41 6.4 +0.2

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

Content on this tab for subscribers only

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:
AdvisorShares Wilshire Buyback ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 91 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.56
 
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.