CCNR
ALPS CoreCommodity Natural Resources ETF
ALPS CoreCommodity Natural Resources ETF aims to provide investors with exposure to a diversified portfolio of commodities and natural resource-related securities, enhancing inflation protection and long-term capital appreciation.
Global
EQUITY
Active
MANAGEMENT STYLE
295.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | ALPS |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 10, 2024 |
| Assets (mns) | $295 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CNH INDUSTRIAL NV | 1.6 % |
| FMC CORP | 1.5 % |
| CAL-MAINE FOODS INC | 1.4 % |
| HORMEL FOODS CORP | 1.3 % |
| B2GOLD CORP. | 1.3 % |
| LUNDIN MINING CORP | 1.3 % |
| BOLIDEN | 1.2 % |
| HUDBAY MINERALS INC | 1.2 % |
| INGREDION INC | 1.2 % |
| CENOVUS ENERGY INC | 1.2 % |
Constituent Breakdown
| Number of holdings | 243 |
| Herfindahl-Hirschman Index | 67 |
| Wgt avg mkt cap (mns) | $18,188 |
| Large cap (>$10bn) | 38.3% |
| Mid cap ($2-10bn) | 42.0% |
| Small cap (<$2bn) | 18.2% |
| Developed mkts. | 92.5% |
| Emerging mkts. | 6.4% |
Country Exposure
 |
UNITED STATES | 36.4 % |
 |
CANADA | 16.9 % |
 |
JAPAN | 7.5 % |
 |
AUSTRALIA | 6.4 % |
 |
NORWAY | 5.7 % |
 |
BRITAIN | 3.2 % |
 |
GERMANY | 2.7 % |
 |
CHINA | 2.5 % |
 |
SWEDEN | 2.3 % |
 |
FRANCE | 2.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $20,749 |
Technical Indicators
| Recent close | $24.92 |
| 30d moving avg. | $25.26 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CCNR |
Expenses vs. CCNR |
ALTAR Score™ vs. CCNR |
|---|---|---|---|---|
| HAP | VanEck Natural Resources ETF | 21.1% | +11 bp | -1.4% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 20.8% | +7 bp | -2.0% |
| GNR | SPDR S&P Global Natural Resources ETF | 17.7% | +1 bp | -1.6% |
| NANR | SPDR S&P North American Natural Resources ETF | 17.3% | -4 bp | -3.9% |
| MOO | VanEck Agribusiness ETF | 16.9% | +14 bp | -1.8% |
| VEGI | iShares MSCI Agriculture Producers ETF | 15.9% | 0 bp | -2.0% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 11.6% | 0 bp | +1.4% |
| FILL | iShares MSCI Global Energy Producers ETF | 11.4% | 0 bp | -0.9% |
| IGE | iShares North American Natural Resources ETF | 11.0% | +2 bp | -4.6% |
| FENY | Fidelity MSCI Energy Index ETF | 10.3% | -31 bp | -4.1% |
Risk and Returns: CCNR 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 10/23/2024
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
CCNR
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
CCNR
11.3%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. CCNR's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places CCNR in the 94th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CCNRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| CCNR (39 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CCNR | 39.0 | 0.0 | 39 |
| Peer Avg. | 56.0 | 37.3 | 93.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .