BRNY
Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF
BRNY is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach.
US
EQUITY
Active
MANAGEMENT STYLE
292.4 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 13, 2022 |
| Assets (mns) | $292 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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
Complete list +
| FORTINET INC | 5.9 % |
| NVIDIA CORP | 5.3 % |
| TEXAS ROADHOUSE INC | 5.0 % |
| META PLATFORMS INC | 4.9 % |
| APPLE INC | 4.5 % |
| AMERISOURCEBERGEN CORP | 4.5 % |
| TOLL BROTHERS INC | 4.3 % |
| TRANE TECHNOLOGIES PLC | 4.0 % |
| WABTEC CORP | 3.9 % |
| PROGRESSIVE CORP | 3.7 % |
Constituent Breakdown
| Number of holdings | 79 |
| Herfindahl-Hirschman Index | 288 |
| Wgt avg mkt cap (mns) | $429,514 |
| Large cap (>$10bn) | 85.7% |
| Mid cap ($2-10bn) | 12.3% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.7 % |
 |
IRELAND | 4.9 % |
 |
BERMUDA | 2.3 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.1% | 45.1% | -- | -- | -- | -- | 25.5% | Volatility | 14.2% | 14.3% | 15.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 82% |
| MSCI EAFE | 0.81 | 68% |
| MSCI Emg Mkts | 0.74 | 48% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $90,549 |
Technical Indicators
| Recent close | $42.74 |
| 30d moving avg. | $39.96 |
| Annualized volatility | 14.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
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. BRNY |
Expenses vs. BRNY |
ALTAR Score™ vs. BRNY |
|---|---|---|---|---|
| GQQQ | Astoria US Quality Growth Kings ETF | 33.0% | -44 bp | +1.7% |
| SEIM | SEI Enhanced U.S. Large Cap Momentum Factor ETF | 30.7% | -64 bp | -0.6% |
| IGM | iShares Expanded Tech Sector ETF | 26.9% | -38 bp | -0.3% |
| AFLG | First Trust Active Factor Large Cap ETF | 26.5% | -24 bp | +1.2% |
| PWB | Invesco Large Cap Growth ETF | 25.5% | -23 bp | -1.4% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 25.5% | -39 bp | -0.8% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 25.4% | -50 bp | -0.3% |
| XPND | First Trust Expanded Technology ETF | 25.2% | -14 bp | -0.2% |
| QGRO | American Century U.S. Quality Growth ETF | 24.7% | -50 bp | -0.2% |
| MMTM | SPDR S&P 1500 Momentum Tilt ETF | 24.6% | -67 bp | -0.1% |
Risk and Returns: BRNY 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
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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
BRNY
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™
BRNY
4.6%
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%. BRNY's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places BRNY in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BRNYSELL
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 |
| BRNY (79 bp) Percentile rank | 65 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BRNY | 79.0 | 18.1 | 97.1 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .