ITAN
Sparkline Intangible Value ETF
ITAN is an actively-managed fund comprised of US-listed companies the fund adviser believes to be attractive in terms of intangible assets.
US
EQUITY
Active
MANAGEMENT STYLE
37.6 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 29, 2021 |
| Assets (mns) | $38 |
| Expense ratio | 50 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 +
| AMAZON.COM INC | 4.7 % |
| META PLATFORMS INC | 2.7 % |
| ORACLE CORP | 2.4 % |
| SALESFORCE.COM INC | 1.9 % |
| ALPHABET INC. CLASS C | 1.9 % |
| ALPHABET INC. CLASS A | 1.9 % |
| QUALCOMM INC | 1.8 % |
| CISCO SYSTEMS INC | 1.7 % |
| INTL BUSINESS MACHINES CORP | 1.7 % |
| ACCENTURE PLC-CL A | 1.6 % |
Constituent Breakdown
| Number of holdings | 152 |
| Herfindahl-Hirschman Index | 113 |
| Wgt avg mkt cap (mns) | $281,469 |
| Large cap (>$10bn) | 90.8% |
| Mid cap ($2-10bn) | 9.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.1 % |
 |
IRELAND | 4.0 % |
 |
NETHERLANDS | 0.8 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.1% | 22.1% | 20.0% | -- | -- | -- | 8.7% | Volatility | 11.7% | 12.9% | 19.4% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 93% |
| MSCI EAFE | 1.02 | 77% |
| MSCI Emg Mkts | 0.81 | 50% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $45,462 |
Technical Indicators
| Recent close | $28.26 |
| 30d moving avg. | $28.76 |
| Annualized volatility | 21.0% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.1% |
| 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. ITAN |
Expenses vs. ITAN |
ALTAR Score™ vs. ITAN |
|---|---|---|---|---|
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 34.7% | -36 bp | -0.2% |
| VLUE | iShares MSCI USA Value Factor ETF | 33.3% | -35 bp | +4.2% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 31.9% | -21 bp | +0.9% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 31.9% | -25 bp | +0.1% |
| FVAL | Fidelity Value Factor ETF | 31.8% | -35 bp | +1.0% |
| CRTC | Xtrackers US National Critical Technologies ETF | 30.4% | -15 bp | -1.1% |
| JVAL | JPMorgan U.S. Value Factor ETF | 29.7% | -38 bp | +1.7% |
| IUS | Invesco RAFI Strategic US ETF | 29.4% | -31 bp | +0.6% |
| NACP | Impact Shares NAACP Minority Empowerment ETF | 29.2% | -1 bp | -1.1% |
| RWL | Invesco S&P 500 Revenue ETF | 29.0% | -11 bp | +0.2% |
Risk and Returns: ITAN 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 9/6/2024
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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
ITAN
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™
ITAN
6.5%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. ITAN's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places ITAN in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ITANSELL
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 |
| ITAN (50 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ITAN | 50.0 | 18.1 | 68.1 |
| Peer Avg. | 56.5 | 21.9 | 78.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .