CGRO
CoreValues Alpha Greater China Growth ETF
CGRO is an actively managed ETF investing in stocks of companies operating in high-growth sectors in Greater China, which includes mainland China, Taiwan, and China's special administrative regions, such as Hong Kong. The strategy seeks to capture economic gains or "alpha" in China without falling afoul of US sanctions or compromising American values or national interests.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 1.6 M
ASSETS UNDER MGMT
89 bp
EXPENSES
Fund Basics
| Inception date | Oct 02, 2023 |
| Regulation | Open-Ended Fund |
| ISIN | US88634T3941 |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 10.0 % |
| LUCKIN COFFEE INC - ADR | 8.4 % |
| TENCENT HOLDINGS LTD | 7.9 % |
| WUXI APPTEC CO., LTD. CLASS A | 7.6 % |
| ANKER INNOVATIONS TECHNOLOGY CO., LTD. C | 6.3 % |
| XIAOMI CORP. CLASS B | 5.5 % |
| J&T GLOBAL EXPRESS LTD | 5.5 % |
| MEITUAN DIANPING | 4.5 % |
| TESLA MOTORS INC | 4.4 % |
| ZHENGZHOU YUTONG BUS CO., LTD. CLASS A | 4.2 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 538 |
| Wgt avg mkt cap (mns) | $151,730 |
| Large cap (>$10bn) | 63.8% |
| Mid cap ($2-10bn) | 19.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 15.2% |
| Emerging mkts. | 82.4% |
Sector Breakdown
Country Exposure
 |
CHINA | 82.4 % |
 |
HONG KONG | 10.8 % |
 |
UNITED STATES | 4.4 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -39.2% | -48.3% | -18.0% | -- | -- | -- | -- | -6.8% |
| Dividend Yield | 0.2% | 1.5% | 2.2% | -- | -- | -- | -- | 1.7% |
| Total Returns | -39.0% | -46.9% | -15.8% | -- | -- | -- | -- | -5.0% | Ann. Volatility | 32.7% | 30.2% | 34.7% | -- | -- | -- | -- | 41.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 20% |
| MSCI EAFE | 0.81 | 18% |
| MSCI Emg Mkts | 0.53 | 20% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.63% |
Technical Indicators
| 30d moving avg. (EMA) | $16.48 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.35/-0.30 |
| Bollinger Bands (Upper/Lower) | $18.36/$14.36 |
| Short interest (% of AUM) | 5.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CGRO |
Expenses vs. CGRO |
ALTAR Score™ vs. CGRO |
|---|---|---|---|---|
| KTEC | KraneShares Hang Seng TECH Index ETF | 25.9% | -20 bp | +21.1% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 24.1% | -57 bp | +11.6% |
| FXI | iShares China Large-Cap ETF | 22.9% | -16 bp | +13.9% |
| MCH | Matthews China Active ETF | 21.6% | -10 bp | +7.8% |
| EMCS | Xtrackers MSCI Emerging Markets Select ETF | 21.2% | -74 bp | +4.3% |
| TCHI | iShares MSCI China Multisector Tech ETF | 19.3% | -30 bp | +13.3% |
| KWEB | KraneShares CSI China Internet ETF | 19.0% | -20 bp | +21.6% |
| FDNI | First Trust Dow Jones International Internet ETF | 18.6% | -24 bp | +18.6% |
| MCHI | iShares MSCI China ETF | 17.7% | -30 bp | +14.6% |
| CQQQ | Invesco China Technology ETF | 17.6% | -24 bp | +3.9% |
Risk and Returns: CGRO 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 10/31/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
6.3%
ALTAR SCORE™
21st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 210 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.2% and a standard deviation
of 2.3%. CGRO's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places CGRO in the 21st percentile
among funds in the category.
Sell-Side Consensus
$23.44
PRICE TARGET
+51.1%
UPSIDE
Bid/Ask Spreads
63 bp
AVG SPREAD
28 —
499 bp
RANGE