ClearBridge Dividend Strategy ESG ETF
ALTAR
Score™
4.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.9x P/Sales
ratio
3.2x
P/BV
ratio
3.5x Div.
yield
2.2%


  • 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) $14
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 49
Wgt avg mkt cap (mns) $361,033
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 5.1 %
APPLE INC 4.8 %
COMCAST CORP-CL A 3.1 %
PPG INDUSTRIES INC 2.8 %
VISA INC-CLASS A SHARES 2.7 %
UNITED PARCEL SERVICE-CL B 2.7 %
NEXTERA ENERGY GROUP 2.6 %
BLACKROCK INC 2.6 %
PROCTER & GAMBLE CO/THE 2.5 %
ECOLAB INC 2.3 %
Total 31.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.1 %
BRITAIN 3.6 %
SWITZERLAND 2.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.0% 11.0% -- -- 12.3%

Market Correlations
versus... Beta R-squared
S&P500 0.86 95%
MSCI EAFE 0.80 83%
MSCI Emg. Mkts. 0.63 65%

Technical Indicators
Recent close $35.73
30d moving avg. $35.69
Annualized volatility 16.5%
Short interest (ETF) 0.7%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $50,393

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 4.5%


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
(%)
OUSA O'Shares FTSE US Quality Dividend ETF 39.9 48 12 5.5 +1.1
DGRO iShares Core Dividend Growth ETF 39.0 8 52 6.0 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 38.3 28 32 6.2 +1.7
ACIO Aptus Collared Income Opportunity ETF 37.8 79 -19 3.9 -0.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 37.2 28 32 6.1 +1.6
NACP Impact Shares NAACP Minority Empowerment ETF 36.2 49 11 4.8 +0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.6 12 48 5.0 +0.6
XLG Invesco S&P 500 Top 50 ETF 35.5 20 40 4.2 -0.3
FDRR Fidelity Dividend ETF for Rising Rates 35.0 29 31 6.0 +1.6
OEF iShares S&P 100 ETF 34.9 20 40 4.3 -0.1
DTD WisdomTree U.S.Total Dividend Fund 34.3 28 32 6.3 +1.8
SPQQ Siren Large Cap Blend Index ETF 34.1 20 40 4.3 -0.2
FDVV Fidelity Core Dividend ETF 34.0 29 31 6.1 +1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 33.3 75 -15 3.6 -0.8
QUAL iShares MSCI Usa Quality Factor ETF 32.4 15 45 5.1 +0.6
IWL iShares Russell Top 200 ETF 32.4 15 45 4.5 +0.0
FQAL Fidelity Quality Factor ETF 32.3 29 31 5.1 +0.6
MGC Vanguard Mega Cap Index Fund 32.3 7 53 4.7 +0.2
VIG Vanguard Dividend Appreciation Index Fund 32.2 6 54 5.0 +0.5
ESGV Vanguard ESG U.S. Stock ETF 31.9 12 48 4.6 +0.1
PFM Invesco Dividend Achievers ETF 31.9 53 7 5.1 +0.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 31.9 15 45 4.7 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 31.8 0 60 4.6 +0.1
IQSU IQ Candriam ESG US Equity ETF 31.7 9 51 4.6 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 31.6 25 35 5.9 +1.4
RAFE PIMCO RAFI ESG U.S. ETF 31.4 30 30 6.7 +2.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 31.2 52 8 5.0 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 31.0 20 40 4.7 +0.2
ESG FlexShares STOXX US ESG Impact Index Fund 30.8 32 28 4.6 +0.1
EFIV SPDR S&P 500 ESG ETF 30.6 10 50 4.7 +0.2
ADME Aptus Drawdown Managed Equity ETF 30.6 79 -19 3.2 -1.3
SNPE Xtrackers S&P 500 ESG ETF 30.5 10 50 4.7 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 30.5 8 52 6.0 +1.5
SUSL iShares ESG MSCI USA Leaders ETF 30.5 10 50 4.9 +0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 30.5 10 50 4.9 +0.4
MGV Vanguard Mega Cap Value ETF 30.2 7 53 6.4 +2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 29.8 15 45 5.8 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 29.8 20 40 4.9 +0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 29.7 25 35 5.6 +1.2
EDOW First Trust Dow 30 Equal Weight ETF 29.7 50 10 5.2 +0.7
FMK First Trust Mega Cap AlphaDEX Fund 29.5 70 -10 5.0 +0.5
PBP Invesco S&P 500 BuyWrite ETF 29.5 49 11 4.4 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 29.4 27 33 4.7 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 29.3 27 33 4.5 +0.0
XYLG Global X S&P 500 Covered Call & Growth ETF 29.2 60 0 4.4 -0.0
VOO VANGUARD S&P 500 ETF 29.1 3 57 4.9 +0.4
SPHQ Invesco S&P 500 Quality ETF 29.0 15 45 4.5 -0.0
SPY SPDR S&P 500 ETF Trust 29.0 9 51 4.8 +0.3
IVV iShares Core S&P 500 ETF 29.0 3 57 4.8 +0.4
PWV Invesco Dynamic Large Cap Value ETF 29.0 56 4 6.8 +2.4
SPLG SPDR Portfolio Large Cap ETF 29.0 3 57 4.8 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 28.9 15 45 5.3 +0.8
IWX iShares Russell Top 200 Value ETF 28.8 20 40 6.0 +1.6
DIA SPDR Dow Jones Industrial Average ETF Trust 28.8 16 44 5.0 +0.5
ESGU iShares MSCI USA ESG Optimized ETF 28.6 15 45 4.5 +0.0
VYM Vanguard High Dividend Yield Index ETF 28.3 6 54 6.6 +2.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.2 7 53 4.6 +0.2
JKF iShares Morningstar Large Cap Value ETF 28.2 25 35 6.6 +2.1
VV Vanguard Large-Cap Index Fund 27.8 4 56 4.7 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 27.7 22 38 4.4 -0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.6 2 58 4.7 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 27.5 27 33 4.4 -0.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 27.4 49 11 4.1 -0.3
FDLO Fidelity Low Volatility Factor ETF 27.4 29 31 5.0 +0.5
RECS Columbia Research Enhanced Core ETF 27.4 15 45 5.2 +0.7
PBUS Invesco PureBeta MSCI USA ETF 27.3 4 56 4.7 +0.2
RFFC RiverFront Dynamic US Flex-Cap ETF 27.2 52 8 4.5 0.0
LRGE ClearBridge Large Cap Growth ESG ETF 27.1 59 1 3.4 -1.1
FVAL Fidelity Value Factor ETF 27.1 29 31 6.9 +2.5
SPMV Invesco S&P 500 Minimum Variance ETF 27.0 10 50 5.5 +1.0
QDEF FlexShares Quality Dividend Defensive Index Fund 27.0 37 23 5.6 +1.1
SPTM SPDR Portfolio Total Stock Market ETF 26.9 3 57 4.9 +0.4
SCHX Schwab U.S. Large-Cap ETF 26.8 3 57 4.6 +0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 26.7 29 31 5.0 +0.5
QDF FlexShares Quality Dividend Index Fund 26.7 37 23 5.6 +1.1
VOOG Vanguard S&P 500 Growth ETF 26.6 10 50 4.1 -0.4
VTV Vanguard Value Index Fund 26.5 4 56 6.5 +2.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 26.4 60 0 3.7 -0.8
DSI iShares MSCI KLD 400 Social ETF 26.4 25 35 4.7 +0.2
IWB iShares Russell 1000 ETF 26.2 15 45 4.6 +0.1
SCHK Schwab 1000 Index ETF 26.2 5 55 4.7 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.2 49 11 3.5 -0.9
VOOV Vanguard S&P 500 Value ETF 26.1 10 50 6.6 +2.1
IYY iShares Dow Jones U.S. ETF 25.9 20 40 4.5 +0.0
QLC FlexShares US Quality Large Cap Index Fund 25.6 32 28 4.5 +0.0
IWY iShares Russell Top 200 Growth ETF 25.5 20 40 3.7 -0.7
VTHR Vanguard Russell 3000 Index Fund 25.4 10 50 4.5 -0.0
TMFC Motley Fool 100 Index ETF 25.1 50 10 3.2 -1.3
SFY SoFi Select 500 ETF 24.8 0 60 4.6 +0.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 24.8 37 23 5.4 +0.9
IWV iShares Russell 3000 ETF 24.8 20 40 4.4 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.7 12 48 4.1 -0.3
SCHB Schwab U.S. Broad Market ETF 24.7 3 57 4.5 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 24.6 3 57 4.5 +0.0
VONE Vanguard Russell 1000 ETF 24.6 8 52 4.6 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 24.5 4 56 6.4 +1.9
IVE iShares S&P 500 Value ETF 24.5 18 42 6.3 +1.8

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%.

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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:

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 16.4 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.49
 
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.