AdvisorShares Whilshire Buyback
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.3x P/Sales
ratio
1.4x
P/BV
ratio
2.2x 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) $58
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 50
Wgt avg mkt cap (mns) $182,212
Large cap (>$10bn) 93.4%
Mid cap ($2-10bn) 6.6%
Small cap (<$2bn) 0.0%
Developed mkts 98.0%
Emerging mkts 2.0%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 3.8 %
JPMORGAN CHASE & CO 3.7 %
PHILIP MORRIS INTERNATIONAL 3.5 %
CHEVRON CORP 3.4 %
MICROSOFT CORP 3.3 %
ALPHABET INC. CLASS A 2.9 %
PNC FINANCIAL SERVICES GROUP 2.8 %
AMERICAN TOWER CORP-CL A 2.7 %
ASTRAZENECA PLC-SPONS ADR 2.6 %
BANK OF AMERICA CORP 2.6 %
Total 31.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.8 %
BRITAIN 5.3 %
SWITZERLAND 4.3 %
FRANCE 2.5 %
SINGAPORE 2.1 %
CHINA 2.0 %
GERMANY 1.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.1% 10.9% 6.8% -- 12.2%

Market Correlations
versus... Beta R-squared
S&P500 0.97 81%
MSCI EAFE 0.77 43%
MSCI Emg. Mkts. 0.47 27%

Technical Indicators
Recent close $71.98
30d moving avg. $70.42
Annualized volatility 13.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.5%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 1.05%
ADV underlying (mns) $28,855

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the AdvisorShares Whilshire Buyback 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™: 6.5%


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
(%)
NACP Impact Shares NAACP Minority Empowerment 24.7 75 16 5.6 -0.9
IWX iShares Russell Top 200 Value 23.6 20 71 7.0 +0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index 22.7 12 79 5.7 -0.8
EPS WisdomTree Earnings 500 22.6 8 83 7.0 +0.5
XLG Invesco S&P Top 50 22.1 20 71 5.2 -1.4
DGRO iShares Core Dividend Growth 22.1 8 83 6.4 -0.1
OEF iShares S&P 100 22.0 20 71 5.5 -1.0
IWL iShares Russell Top 200 21.9 15 76 5.7 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 21.8 32 59 5.5 -1.1
WOMN Impact Shares YWCA Women's Empowerment 21.6 75 16 5.5 -1.1
MGC Vanguard Mega Cap 300 ETF 21.2 7 84 5.9 -0.7
JKD iShares Morningstar Large Companies 21.1 20 71 5.8 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity 21.0 20 71 5.6 -0.9
SPXV ProShares S&P 500 Ex-Health Care 21.0 27 64 5.7 -0.9
XOUT GraniteShares XOUT US Large Cap 20.9 60 31 5.2 -1.4
DLN WisdomTree Large Cap Dividend 20.4 28 63 6.5 -0.0
PBP Invesco S&P 500 Buy/Write 20.3 49 42 5.6 -1.0
EDOW First Trust Dow 30 Equal Weight 20.3 50 41 6.2 -0.3
OVOL Invesco Russell 1000 Low Volatility Factor ETF 20.2 19 72 5.6 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index 20.1 15 76 5.5 -1.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
AdvisorShares Whilshire Buyback
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.0 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 91 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.55
 
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.