DIVZ
TrueShares Low Volatility Equity Income ETF
DIVZ holds an actively-managed, concentrated portfolio of US-listed companies that are favorably valued and have attractive dividends. The fund also seeks to deliver lower volatility than the overall market.
US
EQUITY
Active
MANAGEMENT STYLE
130.4 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | TrueMark Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 27, 2021 |
| Assets (mns) | $130 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | None |
| 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 +
| BRITISH AMERICAN TOB-SP ADR | 5.0 % |
| BLUE OWL CAPITAL INC CLASS A | 4.7 % |
| PHILIP MORRIS INTERNATIONAL | 4.6 % |
| KINDER MORGAN INC | 4.4 % |
| VERIZON COMMUNICATIONS INC | 4.4 % |
| UNITEDHEALTH GROUP INC | 3.9 % |
| CASH & OTHER | 3.8 % |
| ENBRIDGE INC | 3.7 % |
| EXXON MOBIL CORP | 3.6 % |
| CITIGROUP INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 337 |
| Wgt avg mkt cap (mns) | $181,789 |
| Large cap (>$10bn) | 95.4% |
| Mid cap ($2-10bn) | 4.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 81.5 % |
 |
IRELAND | 6.1 % |
 |
BRITAIN | 5.0 % |
 |
CANADA | 3.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.4% | 29.4% | 10.7% | 11.4% | -- | -- | 10.1% | Volatility | 10.1% | 10.3% | 11.1% | 13.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 57% |
| MSCI EAFE | 0.67 | 57% |
| MSCI Emg Mkts | 0.43 | 23% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $19,558 |
Technical Indicators
| Recent close | $32.04 |
| 30d moving avg. | $33.62 |
| Annualized volatility | 15.4% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| 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. DIVZ |
Expenses vs. DIVZ |
ALTAR Score™ vs. DIVZ |
|---|---|---|---|---|
| MDLV | Morgan Dempsey Large Cap Value ETF | 31.1% | -7 bp | +0.7% |
| TBG | TBG Dividend Focus ETF | 27.2% | -6 bp | -0.5% |
| BDIV | AAM Brentview Dividend Growth ETF | 26.8% | -16 bp | -3.1% |
| MGV | Vanguard Mega Cap Value ETF | 26.8% | -58 bp | -1.0% |
| SPDG | SPDR Portfolio S&P Sector Neutral Dividend ETF | 26.6% | -60 bp | -0.2% |
| DVND | Touchstone Dividend Select ETF | 26.6% | +2 bp | -1.7% |
| HDV | iShares Core High Dividend ETF | 26.4% | -57 bp | +0.0% |
| ICAP | InfraCap Equity Income Fund ETF | 25.1% | +106 bp | -1.5% |
| INEQ | Columbia International Equity Income ETF | 25.0% | -20 bp | +2.9% |
| DGRO | iShares Core Dividend Growth ETF | 24.5% | -57 bp | -1.0% |
Risk and Returns: DIVZ 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
DIVZ
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DIVZ
7.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. DIVZ's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places DIVZ in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DIVZSELL
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 |
| DIVZ (65 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DIVZ | 65.0 | 6.1 | 71.1 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .