LFSC
F/m Emerald Life Sciences Innovation ETF
F/m Emerald Life Sciences Innovation ETF aims to provide investors with long-term capital appreciation by investing in companies focused on innovations in the life sciences sector.
US
EQUITY
Active
MANAGEMENT STYLE
49.2 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Emerald |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 30, 2024 |
| Assets (mns) | $49 |
| Expense ratio | 79 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 +
| RADNET INC | 8.8 % |
| INSMED INC | 6.0 % |
| INTRA-CELLULAR THERAPIES INC | 6.0 % |
| WAVE LIFE SCIENCES LTD. | 6.0 % |
| LIVANOVA PLC | 5.9 % |
| BLUEPRINT MEDICINES CORP. | 5.7 % |
| MERIT MEDICAL SYSTEMS INC | 5.3 % |
| NEOGENOMICS INC | 4.9 % |
| SOLENO THERAPEUTICS INC | 4.4 % |
| BRIDGEBIO PHARMA, INC. | 4.3 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 437 |
| Wgt avg mkt cap (mns) | $3,706 |
| Large cap (>$10bn) | 3.2% |
| Mid cap ($2-10bn) | 61.9% |
| Small cap (<$2bn) | 34.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 85.0 % |
 |
BRITAIN | 6.9 % |
 |
SINGAPORE | 6.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.0% | -- | -- | -- | -- | -- | 6.0% | 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) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $1,491 |
Technical Indicators
| Recent close | $23.67 |
| 30d moving avg. | $25.58 |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LFSC |
Expenses vs. LFSC |
ALTAR Score™ vs. LFSC |
|---|---|---|---|---|
| BBP | Virtus LifeSci Biotech Products ETF | 16.5% | 0 bp | +3.0% |
| XBI | SPDR S&P BIOTECH ETF | 15.1% | -44 bp | -0.4% |
| PBE | Invesco Biotechnology & Genome ETF | 13.2% | -21 bp | +0.5% |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 11.8% | -23 bp | +6.1% |
| PSCH | Invesco S&P SmallCap Health Care ETF | 11.5% | -50 bp | +7.2% |
| XHE | SPDR S&P Health Care Equipment ETF | 10.8% | -44 bp | +4.9% |
| IBRN | iShares Neuroscience and Healthcare ETF | 10.7% | -32 bp | -2.0% |
| PTH | Invesco Dorsey Wright Healthcare Momentum ETF | 10.3% | -19 bp | +0.5% |
| HRTS | Tema GLP-1 Obesity & Cardiometabolic ETF | 10.2% | -4 bp | +1.3% |
Risk and Returns: LFSC 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 12/18/2024
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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
LFSC
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
LFSC
-3.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. LFSC's ALTAR Score™ is approximately
3.3 standard deviations
below
the category average. This places LFSC in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LFSCSELL
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 |
| LFSC (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) |
|
|---|---|---|---|
| LFSC | 79.0 | 0.0 | 79 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .