QLTY
GMO U.S. Quality ETF
QLTY is an actively managed fund that focuses on equities of high-quality US companies of any market capitalization.
US
EQUITY
Active
MANAGEMENT STYLE
1.3 B
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | GMO |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 13, 2023 |
| Assets (mns) | $1,255 |
| Expense ratio | 50 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
| MICROSOFT CORP | 7.8 % |
| UNITEDHEALTH GROUP INC | 5.5 % |
| ORACLE CORP | 4.8 % |
| ALPHABET INC. CLASS A | 4.6 % |
| META PLATFORMS INC | 4.4 % |
| KLA CORPORATION | 4.2 % |
| TEXAS INSTRUMENTS INC | 4.1 % |
| AMAZON.COM INC | 4.1 % |
| JOHNSON & JOHNSON | 4.0 % |
| APPLE INC | 4.0 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 407 |
| Wgt avg mkt cap (mns) | $881,524 |
| Large cap (>$10bn) | 96.8% |
| Mid cap ($2-10bn) | 3.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 103.8 % |
 |
IRELAND | 3.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.1% | -- | -- | -- | -- | -- | 15.1% | Volatility | 12.0% | 60.4% | 60.4% | 60.4% | 60.4% | 68.4% | -- |
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) | 176 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $87,463 |
Technical Indicators
| Recent close | $31.98 |
| 30d moving avg. | $32.35 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 46 |
| 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. QLTY |
Expenses vs. QLTY |
ALTAR Score™ vs. QLTY |
|---|---|---|---|---|
| USMC | Principal U.S. Mega-Cap ETF | 41.4% | -38 bp | +0.0% |
| XLG | Invesco S&P 500 Top 50 ETF | 39.2% | -30 bp | +0.1% |
| OUSA | ALPS O'Shares U.S. Quality Dividend ETF | 38.0% | -2 bp | +1.4% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 37.4% | +25 bp | -0.2% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 37.4% | -35 bp | +0.2% |
| CGUS | Capital Group Core Equity ETF | 37.0% | -17 bp | 0.0% |
| CACG | ClearBridge All Cap Growth ESG ETF | 36.9% | +4 bp | -0.8% |
| OEF | iShares S&P 100 ETF | 36.7% | -30 bp | +0.3% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 36.5% | -36 bp | +1.6% |
| WOMN | Impact Shares YWCA Women's Empowerment ETF | 36.5% | +25 bp | +0.2% |
Risk and Returns: QLTY 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 11/15/2024
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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
QLTY
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
QLTY
4.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. QLTY's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places QLTY in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QLTYSELL
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 |
| QLTY (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) |
|
|---|---|---|---|
| QLTY | 50.0 | 0.0 | 50 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .