ABEQ
Absolute Select Value ETF
ABEQ is an actively-managed portfolio of US stocks seeking positive absolute returns.
US
EQUITY
Active
MANAGEMENT STYLE
89.5 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Fund sponsor | Absolute Investment Advisers LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 21, 2020 |
| Assets (mns) | $90 |
| Expense ratio | 85 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BERKSHIRE HATHAWAY INC-CL B | 11.3 % |
| AGNICO-EAGLE MINES LTD | 9.5 % |
| UNILEVER PLC-SPONSORED ADR | 6.8 % |
| LOEWS CORP | 6.7 % |
| DUPONT DE NEMOURS INC | 5.2 % |
| ENBRIDGE INC | 4.9 % |
| MERCK & CO. INC. | 4.8 % |
| MEDTRONIC PLC | 4.2 % |
| COMCAST CORP-CL A | 3.6 % |
| TRAVELERS COS INC/THE | 3.6 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 498 |
| Wgt avg mkt cap (mns) | $184,407 |
| Large cap (>$10bn) | 96.1% |
| Mid cap ($2-10bn) | 3.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 56.5 % |
 |
CANADA | 16.9 % |
 |
BRITAIN | 6.8 % |
 |
IRELAND | 4.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.0% | 16.0% | 8.9% | 5.4% | -- | -- | 7.9% | Volatility | 9.3% | 9.2% | 9.7% | 11.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 64% |
| MSCI EAFE | 0.62 | 76% |
| MSCI Emg Mkts | 0.42 | 35% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $6,700 |
Technical Indicators
| Recent close | $32.85 |
| 30d moving avg. | $32.74 |
| Annualized volatility | 12.4% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ABEQ |
Expenses vs. ABEQ |
ALTAR Score™ vs. ABEQ |
|---|---|---|---|---|
| KEAT | Keating Active ETF | 14.8% | 0 bp | -4.3% |
| DJD | Invesco Dow Jones Industrial Average Dividend ETF | 13.6% | -78 bp | +3.3% |
| FLV | American Century Focused Large Cap Value ETF | 13.4% | -43 bp | +2.1% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 13.3% | -27 bp | +3.5% |
| IYF | iShares U.S. Financials ETF | 12.5% | -45 bp | +1.0% |
| UDI | USCF Dividend Income Fund | 12.5% | -20 bp | +2.9% |
| DIVZ | TrueShares Low Volatility Equity Income ETF | 12.5% | -20 bp | +2.8% |
| XLF | Financial Select Sector SPDR Fund | 12.3% | -76 bp | +0.9% |
| BLCV | iShares Large Cap Value Active ETF | 12.2% | -32 bp | +3.8% |
| DVND | Touchstone Dividend Select ETF | 12.1% | -18 bp | +1.4% |
Risk and Returns: ABEQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ABEQ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
ABEQ
4.3%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. ABEQ's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places ABEQ in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ABEQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| ABEQ (85 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ABEQ | 85.0 | 12.6 | 97.6 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .