Cushing Energy Supply Chain & MLP
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
16.6x P/Sales
ratio
0.7x
P/BV
ratio
1.3x Div.
yield
5.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
XLSY tracks an index of midstream energy MLPs, large-cap basic materials firms, and large-cap energy firms, selected by dividend yields.

FUND BASICS
Category US Equities
Fund Sponsor Cushing
Website cushingetfs.com
Inception date Dec 06, 2018
Assets (mns) $0
Currency USD
Expense ratio 65 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $29,656
Large cap (>$10bn) 67.5%
Mid cap ($2-10bn) 20.0%
Small cap (<$2bn) 12.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOW, INC. 4.6 %
LYONDELLBASELL INDU-CL A 4.2 %
WESTROCK CO. 3.8 %
INTERNATIONAL PAPER CO 3.6 %
HELMERICH & PAYNE 3.4 %
SCHLUMBERGER LTD 3.0 %
AMCOR PLC 2.9 %
OCCIDENTAL PETROLEUM CORP 2.8 %
WILLIAMS COS INC 2.7 %
EASTMAN CHEMICAL COMPANY 2.6 %
Total 33.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.7 %
BRITAIN 8.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.4% -- -- -- 12.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $24.09
30d moving avg. $24.13
Annualized volatility 0.0%
Short interest (ETF) 11.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $8,063

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Cushing Energy Supply Chain & MLP ETF based on the alternatives' overlap in portfolio holdings with XLSY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XLSY Expense: 65 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLSY
Ticker Fund
Name
Overlap1
vs XLSY
(%)
Expense
ratio
(bp)
Savings
vs XLSY
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLSY
(%)
XLEY Cushing Energy & MLP 57.6 65 0 3.5 -1.9
RYE Invesco S&P Equal Weight Energy ETF 37.1 40 25 3.4 -2.0
RTM Invesco S&P Equal Weight Materials 37.0 40 25 8.3 +2.9
JHMA John Hancock Multifactor Materials 36.8 40 25 7.4 +2.1
JHME John Hancock Multifactor Energy 35.5 40 25 3.3 -2.1
XLB Materials Select Sector SPDR 35.2 13 52 9.2 +3.8
IGE iShares North American Natural Resources 32.2 46 19 3.9 -1.4
XLE Energy Select Sector SPDR 31.8 13 52 4.3 -1.0
IYE iShares DJ US Energy Sector 31.2 42 23 3.9 -1.5
FENY Fidelity MSCI Energy 31.1 8 57 3.9 -1.4
VDE Vanguard Energy ETF 30.8 10 55 3.9 -1.5
VAW Vanguard Materials 30.6 10 55 8.6 +3.2
FMAT Fidelity MSCI Materials 30.6 8 57 8.5 +3.2
FTXN First Trust Nasdaq Oil & Gas 26.1 60 5 2.6 -2.7
IYM iShares DJ US Basic Material 26.1 42 23 8.6 +3.2
FXN First Trust Energy Alphadex 25.2 63 2 4.2 -1.2
FXZ First Trust Materials Alphadex 23.1 64 1 7.7 +2.3
IXC iShares S&P Global Energy Sector 22.2 46 19 5.1 -0.3
EQRR ProShares Equities for Rising Rates 22.0 35 30 7.9 +2.6
AMZA InfraCap MLP 21.4 240 -175 6.1 +0.8

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%.

Content on this tab for subscribers only**

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:
Cushing Energy Supply Chain & MLP
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 7.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.