ClearBridge Dividend Strategy ESG ETF
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.1x P/Sales
ratio
2.7x
P/BV
ratio
2.9x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The ClearBridge Dividend Strategy ESG ETF is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes.


FUND BASICS
Category US Equities
Fund Sponsor Legg Mason
Website www.leggmason.com
Inception date May 22, 2017
Assets (mns) $9
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $284,293
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.1 %
APPLE INC 4.3 %
VISA INC-CLASS A SHARES 3.0 %
COMCAST CORP-CL A 2.9 %
PPG INDUSTRIES INC 2.8 %
PROCTER & GAMBLE CO/THE 2.7 %
AMERICAN TOWER CORP-CL A 2.6 %
ECOLAB INC 2.6 %
NESTLE SA-SPONS ADR 2.6 %
MERCK & CO. INC. 2.5 %
Total 32.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.8 %
BRITAIN 3.7 %
SWITZERLAND 2.6 %








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.
-8.0% -0.1% -- -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.85 95%
MSCI EAFE 0.85 81%
MSCI Emg. Mkts. 0.59 63%

Technical Indicators
Recent close $30.05
30d moving avg. $30.36
Annualized volatility 14.8%
Short interest (ETF) 1.9%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $63,981

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ClearBridge Dividend Strategy ESG ETF ETF based on the alternatives' overlap in portfolio holdings with YLDE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: YLDE Expense: 60 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH YLDE
Ticker Fund
Name
Overlap1
vs YLDE
(%)
Expense
ratio
(bp)
Savings
vs YLDE
(bp)
ALTAR
Score™
(%)
ALTAR
vs YLDE
(%)
DGRO iShares Core Dividend Growth ETF 39.4 8 52 6.8 +1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 37.4 28 32 6.5 +1.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 37.3 12 48 4.8 -0.3
ACIO Aptus Collared Income Opportunity ETF 36.5 79 -19 4.4 -0.7
OEF iShares S&P 100 ETF 36.4 20 40 4.8 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 35.9 29 31 7.1 +2.1
XLG Invesco S&P 500 Top 50 ETF 35.1 20 40 4.4 -0.6
FDVV Fidelity Core Dividend ETF 35.1 29 31 7.3 +2.2
NACP Impact Shares NAACP Minority Empowerment ETF 34.5 75 -15 4.5 -0.6
RECS Columbia Research Enhanced Core ETF 34.2 15 45 5.7 +0.6
FDLO Fidelity Low Volatility Factor ETF 34.2 29 31 5.2 +0.1
DTD WisdomTree U.S.Total Dividend Fund 33.9 28 32 6.8 +1.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 33.8 28 32 6.5 +1.5
IWL iShares Russell Top 200 ETF 33.5 15 45 5.0 -0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 33.3 0 60 5.2 +0.2
MGC Vanguard Mega Cap Index Fund 33.0 7 53 5.2 +0.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 32.9 52 8 5.0 -0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 32.9 10 50 5.3 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 32.8 10 50 5.3 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 32.7 20 40 4.9 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 32.5 75 -15 4.5 -0.6
SNPE Xtrackers S&P 500 ESG ETF 32.4 11 49 5.1 +0.0
PFM Invesco Dividend Achievers ETF 32.3 54 6 5.5 +0.5
IQSU IQ Candriam ESG US Equity ETF 32.3 9 51 5.0 -0.0
ADME Aptus Drawdown Managed Equity ETF 32.2 81 -21 3.5 -1.5
EQWL Invesco Russell Top 200 Equal Weight ETF 31.6 25 35 6.2 +1.2
VIG Vanguard Dividend Appreciation Index Fund 31.5 6 54 5.4 +0.4
FQAL Fidelity Quality Factor ETF 31.5 29 31 5.5 +0.4
EDOW First Trust Dow 30 Equal Weight ETF 31.3 50 10 6.1 +1.1
DIA SPDR Dow Jones Industrial Average ETF Trust 31.3 16 44 5.7 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 31.3 15 45 5.9 +0.8
DIVB iShares U.S. Dividend & Buyback ETF 31.2 25 35 6.7 +1.7
PBP Invesco S&P 500 BuyWrite ETF 31.1 49 11 5.0 -0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.1 20 40 5.4 +0.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 31.0 49 11 4.9 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 31.0 27 33 5.3 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 30.9 27 33 5.0 -0.1
SPY SPDR S&P 500 ETF Trust 30.7 9 51 5.4 +0.3
IVV iShares Core S&P 500 ETF 30.7 4 56 5.4 +0.4
SPLG SPDR Portfolio Large Cap ETF 30.7 3 57 5.4 +0.4
HSPX Global X S&P 500 Covered Call ETF 30.6 65 -5 4.9 -0.2
VOO VANGUARD S&P 500 ETF 30.6 3 57 5.4 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 30.6 8 52 6.6 +1.5
ESGU iShares MSCI USA ESG Optimized ETF 30.4 15 45 5.1 +0.0
OUSA O'Shares FTSE US Quality Dividend ETF 30.4 48 12 5.7 +0.7
RAFE PIMCO RAFI ESG U.S. ETF 30.4 29 31 8.0 +2.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 30.0 7 53 5.2 +0.1
VV Vanguard Large-Cap Index Fund 29.7 4 56 5.3 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 29.5 2 58 5.3 +0.3
IWX iShares Russell Top 200 Value ETF 29.5 20 40 7.3 +2.3
TMFC Motley Fool 100 Index ETF 29.4 50 10 3.6 -1.4
QUAL iShares MSCI Usa Quality Factor ETF 29.3 15 45 5.4 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 28.9 27 33 5.0 -0.1
PBUS Invesco PureBeta MSCI USA ETF 28.9 4 56 5.3 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 28.8 3 57 5.5 +0.5
NULC Nuveen ESG Large-Cap ETF 28.8 20 40 5.0 -0.1
SCHX Schwab U.S. Large-Cap ETF 28.7 3 57 5.3 +0.2
ESG FlexShares STOXX US ESG Impact Index Fund 28.7 32 28 5.1 +0.0
SPMO Invesco S&P 500 Momentum ETF 28.6 13 47 4.3 -0.7
DSI iShares MSCI KLD 400 Social ETF 28.6 25 35 5.1 +0.1
USDY Pacific Global US Equity Income ETF 28.5 29 31 7.5 +2.4
VONE Vanguard Russell 1000 ETF 28.2 8 52 5.3 +0.2
VYM Vanguard High Dividend Yield Index ETF 28.1 6 54 7.6 +2.5
SCHK Schwab 1000 Index ETF 28.1 5 55 5.3 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 28.0 22 38 4.9 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.9 15 45 6.2 +1.1
QDEF FlexShares Quality Dividend Defensive Index Fund 27.8 37 23 5.9 +0.9
IWB iShares Russell 1000 ETF 27.8 15 45 5.2 +0.1
IYY iShares Dow Jones U.S. ETF 27.8 20 40 5.2 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 27.8 49 11 4.1 -1.0
LRGE ClearBridge Large Cap Growth ESG ETF 27.7 59 1 3.7 -1.3
ESGV Vanguard ESG U.S. Stock ETF 27.4 12 48 5.2 +0.1
FVAL Fidelity Value Factor ETF 27.4 29 31 8.1 +3.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.1 12 48 4.9 -0.2
VTHR Vanguard Russell 3000 Index Fund 26.9 10 50 5.2 +0.1
SCHB Schwab U.S. Broad Market ETF 26.9 3 57 5.3 +0.2
VOOG Vanguard S&P 500 Growth ETF 26.8 10 50 4.2 -0.9
MGV Vanguard Mega Cap Value ETF 26.8 7 53 7.5 +2.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.8 3 57 5.2 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 26.8 4 56 4.3 -0.8
IVW iShares S&P 500 Growth ETF 26.8 18 42 4.1 -0.9
BVAL Brand Value ETF 26.7 65 -5 6.2 +1.1
VTI Vanguard Total Stock Market Index Fund 26.7 3 57 5.2 +0.1
IWV iShares Russell 3000 ETF 26.6 20 40 5.1 +0.0
JQUA JPMorgan U.S. Quality Factor ETF 26.6 12 48 5.3 +0.2
SPHQ Invesco S&P 500 Quality ETF 26.5 15 45 4.6 -0.4
FLLV Franklin Liberty U.S. Low Volatility ETF 26.4 29 31 5.9 +0.8
JKD iShares Morningstar Large-Cap ETF 26.3 20 40 5.7 +0.6
IWY iShares Russell Top 200 Growth ETF 26.1 20 40 4.0 -1.0
NULV Nuveen ESG Large-Cap Value ETF 26.1 35 25 7.6 +2.5
QDF FlexShares Quality Dividend Index Fund 26.1 37 23 6.2 +1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 26.0 25 35 6.7 +1.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.0 37 23 6.3 +1.3
IUSG iShares Core S&P US Growth ETF 26.0 4 56 4.3 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 25.7 29 31 5.2 +0.2
SFY SoFi Select 500 ETF 25.7 0 60 5.2 +0.2
QLC FlexShares US Quality Large Cap Index Fund 25.7 32 28 5.4 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.6 60 0 4.3 -0.7
MGK Vanguard Mega Cap Growth ETF 25.4 7 53 4.0 -1.0
VEGN US Vegan Climate ETF 25.2 60 0 5.2 +0.1

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

  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:
ClearBridge Dividend Strategy ESG 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 15.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.