MBOX
Freedom Day Dividend ETF
MBOX is an actively managed fund that seeks dividend growth by selecting US-listed companies the advisor believes to have the greatest potential to provide rising dividends over time.
US
EQUITY
Active
MANAGEMENT STYLE
118.4 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | EMPIRICAL FINANCE LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 05, 2021 |
| Assets (mns) | $118 |
| Expense ratio | 39 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
| BROADCOM INC. | 2.9 % |
| JEFFERIES FINANCIAL GROUP INC. | 2.5 % |
| ENERGY TRANSFER, L.P. | 2.5 % |
| JPMORGAN CHASE & CO | 2.5 % |
| EOG RESOURCES, INC. | 2.3 % |
| CINCINNATI FINANCIAL CORP | 2.3 % |
| ACCENTURE PLC-CL A | 2.3 % |
| MORGAN STANLEY | 2.3 % |
| CARRIER GLOBAL CORP. | 2.2 % |
| KROGER CO | 2.2 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 206 |
| Wgt avg mkt cap (mns) | $192,395 |
| Large cap (>$10bn) | 85.5% |
| Mid cap ($2-10bn) | 14.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.7 % |
 |
CANADA | 3.8 % |
 |
IRELAND | 2.3 % |
 |
SWITZERLAND | 1.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.8% | 33.3% | 18.3% | 14.2% | -- | -- | 13.1% | Volatility | 12.3% | 12.4% | 13.2% | 15.0% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 80% |
| MSCI EAFE | 0.77 | 69% |
| MSCI Emg Mkts | 0.52 | 31% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $34,884 |
Technical Indicators
| Recent close | $32.81 |
| 30d moving avg. | $34.63 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 48 |
| 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. MBOX |
Expenses vs. MBOX |
ALTAR Score™ vs. MBOX |
|---|---|---|---|---|
| DGRW | WisdomTree US Quality Dividend Growth Fund | 21.7% | -11 bp | -1.5% |
| DGRO | iShares Core Dividend Growth ETF | 21.3% | -31 bp | -1.1% |
| BGIG | Bahl & Gaynor Income Growth ETF | 21.0% | +6 bp | -2.6% |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 20.0% | +16 bp | -2.8% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 19.9% | -11 bp | -1.7% |
| MGV | Vanguard Mega Cap Value ETF | 19.6% | -32 bp | -1.0% |
| BDIV | AAM Brentview Dividend Growth ETF | 19.0% | +10 bp | -3.1% |
| PFM | Invesco Dividend Achievers ETF | 18.8% | +14 bp | -2.3% |
| DTD | WisdomTree U.S. Total Dividend Fund | 18.8% | -11 bp | -1.5% |
| VIG | Vanguard Dividend Appreciation ETF | 18.7% | -33 bp | -2.0% |
Risk and Returns: MBOX 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
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
MBOX
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™
MBOX
7.7%
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%. MBOX's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places MBOX in the 79th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MBOXSELL
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 |
| MBOX (39 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MBOX | 39.0 | 13.2 | 52.2 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .