EATV
VegTech Plant-based Innovation & Climate ETF
EATV is an actively managed portfolio of global plant-based innovation companies and climate change driven companies, screened according to vegan and environmental principles.
Global
EQUITY
Active
MANAGEMENT STYLE
75 bp
EXPENSES
$5.6 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | VegTech LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 28, 2021 |
| Assets (mns) | $6 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| DOLE PLC | 10.0 % |
| CORINTHIAN COLLEGES INC | 8.5 % |
| GIVAUDAN-REG | 7.8 % |
| CROCS INC | 6.5 % |
| SENSIENT TECHNOLOGIES CORP | 4.9 % |
| CSM | 4.6 % |
| INGREDION INC | 4.6 % |
| TATE & LYLE PLC | 4.6 % |
| INTL FLAVORS & FRAGRANCES | 4.4 % |
| NOVOZYMES A/S-B SHARES | 4.4 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 499 |
| Wgt avg mkt cap (mns) | $13,926 |
| Large cap (>$10bn) | 35.3% |
| Mid cap ($2-10bn) | 34.2% |
| Small cap (<$2bn) | 27.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 49.4 % |
 |
SWITZERLAND | 12.1 % |
 |
IRELAND | 10.0 % |
 |
NETHERLANDS | 4.7 % |
 |
BRITAIN | 4.6 % |
 |
DENMARK | 4.4 % |
 |
JAPAN | 3.5 % |
 |
BELGIUM | 3.3 % |
 |
CANADA | 2.3 % |
 |
HONG KONG | 1.2 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.2% | -9.4% | -1.8% | -- | -- | -- | -11.4% | Volatility | 15.7% | 16.9% | 18.7% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 76% |
| MSCI EAFE | 1.04 | 79% |
| MSCI Emg Mkts | 0.79 | 47% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.44% |
| ADV of underlying (mns) | $23,297 |
Technical Indicators
| Recent close | $16.10 |
| 30d moving avg. | $16.26 |
| Annualized volatility | 21.7% |
| Relative strength (RSI) | 49 |
| 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. EATV |
Expenses vs. EATV |
ALTAR Score™ vs. EATV |
|---|
Risk and Returns: EATV 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 7/25/2024
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
EATV
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EATV
3.6%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.6% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. EATV's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EATV in the 47th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EATV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| EATV (75 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EATV | 75.0 | 44.0 | 119 |
| Peer Avg. | 77.1 | 49.6 | 126.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .