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

10.0 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorCVA Funds
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateOct 16, 2023
Assets (mns)$10
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
XIAOMI CORP. CLASS B 8.8 %
BYD CO LTD-H 7.5 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 7.4 %
PINDUODUO, INC. SPONSORED ADR CLASS A 7.0 %
POP MART INTERNATIONAL GROUP LIMITED 6.9 %
TENCENT HOLDINGS LTD 6.7 %
LUCKIN COFFEE INC - ADR 5.3 %
JD.COM, INC. CLASS A 4.9 %
TRIP.COM GROUP LTD. SPONSORED ADR 4.6 %
HORIZON ROBOTICS INC 4.2 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 507
Wgt avg mkt cap (mns)$110,299
Large cap (>$10bn)73.1%
Mid cap ($2-10bn)11.9%
Small cap (<$2bn)2.4%
Developed mkts.2.7%
Emerging mkts.86.1%
Country Exposure
CHINA 84.6 %
HONG KONG 2.9 %
Historical Performance


Standardized Performance (as of 04/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 9.6% 23.5% -- -- -- -- -- 15.6%
Dividend Yield 0.0% 0.0% -- -- -- -- -- 2.0%
Total Returns 9.6% 23.5% -- -- -- -- -- 17.6%
Ann. Volatility 39.9% 39.0% -- -- -- -- -- 37.2%
Market Correlations
versus...BetaR-squared
S&P 500-0.050%
MSCI EAFE0.7812%
MSCI Emg Mkts2.2849%
Liquidity Measures
Avg. volume (000)1
ADV traded (mns)$0
Turnover0.3%
Avg. Bid/Ask (% of price)0.65%
Technical Indicators
Recent close$26.68
30d moving avg.$24.64
Annualized volatility27.6%
Relative strength (RSI)54
Short interest0.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 5/23/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



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™

4.0%

Cat. Avg

8.2%


ALTAR Score™ Calculation

Category Overview
There are 111 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.7%. 's ALTAR Score™ is approximately 1.5 standard deviations below the category average. This places in the 6th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

CGRO
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Emerging Market Equity ETFs
# of ETFs 22
Avg. Expense Ratio 60.3 bp
Std. Deviation 21.7 bp
(75 bp) Percentile rank 75
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
75.0 0.0 75
Peer Avg. 76.2 47.3 123.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .