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
270.1 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) | $270 |
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 +
CAL-MAINE FOODS INC | 1.7 % |
HORMEL FOODS CORP | 1.7 % |
BOLIDEN | 1.5 % |
TYSON FOODS INC-CL A | 1.5 % |
FMC CORP | 1.5 % |
CHINA MENGNIU DAIRY CO | 1.4 % |
CNH INDUSTRIAL NV | 1.3 % |
INGREDION INC | 1.3 % |
ARCHER-DANIELS-MIDLAND CO | 1.3 % |
VEOLIA ENVIRONNEMENT | 1.2 % |
Constituent Breakdown
Number of holdings | 242 |
Herfindahl-Hirschman Index | 69 |
Wgt avg mkt cap (mns) | $16,428 |
Large cap (>$10bn) | 36.7% |
Mid cap ($2-10bn) | 42.1% |
Small cap (<$2bn) | 19.6% |
Developed mkts. | 92.8% |
Emerging mkts. | 6.0% |
Country Exposure
UNITED STATES | 36.4 % | |
CANADA | 15.6 % | |
JAPAN | 7.4 % | |
AUSTRALIA | 6.3 % | |
NORWAY | 5.7 % | |
FRANCE | 3.1 % | |
GERMANY | 2.8 % | |
SWEDEN | 2.8 % | |
HONG KONG | 2.8 % | |
CHINA | 2.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -1.7% | -- | -- | -- | -- | -- | -1.7% | 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) | 90 |
Turnover | 0.8% |
Avg. Bid/Ask (% of price) | 0.00% |
ADV of underlying (mns) | $15,439 |
Technical Indicators
Recent close | $22.80 |
30d moving avg. | $24.79 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 42 |
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)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. CCNR |
Expenses vs. CCNR |
ALTAR Score™ vs. CCNR |
---|---|---|---|---|
GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 20.8% | +7 bp | -1.3% |
HAP | VanEck Natural Resources ETF | 19.8% | +11 bp | -0.7% |
MOO | VanEck Agribusiness ETF | 16.9% | +14 bp | -1.3% |
GNR | SPDR S&P Global Natural Resources ETF | 16.8% | +1 bp | -0.6% |
NANR | SPDR S&P North American Natural Resources ETF | 16.1% | -4 bp | -3.0% |
VEGI | iShares MSCI Agriculture Producers ETF | 15.9% | 0 bp | -2.0% |
PICK | iShares MSCI Global Metals & Mining Producers ETF | 12.2% | 0 bp | +2.9% |
FILL | iShares MSCI Global Energy Producers ETF | 11.0% | 0 bp | -0.6% |
IGE | iShares North American Natural Resources ETF | 10.0% | +2 bp | -4.4% |
FXG | First Trust Consumer Staples AlphaDEX Fund | 10.0% | +24 bp | -3.9% |
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 12/20/2024
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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
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
11.5%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. CCNR's ALTAR Score™ is approximately
1.5 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 | 36.0 | 92.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .