GGRW
Gabelli Growth Innovators ETF
GGRW is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry.
US
EQUITY
Active
MANAGEMENT STYLE
90 bp
EXPENSES
$5.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | GAMCO Investors, Inc. |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 16, 2021 |
| Assets (mns) | $5 |
| Expense ratio | 90 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
| ALPHABET INC. CLASS C | 8.9 % |
| AMAZON.COM INC | 7.8 % |
| ELI LILLY & CO | 5.3 % |
| META PLATFORMS INC | 5.0 % |
| MICROSOFT CORP | 4.9 % |
| ASML HOLDING NV-NY REG SHS | 4.8 % |
| APPLIED MATERIALS INC | 4.7 % |
| NETFLIX INC | 4.7 % |
| MASTERCARD INCORPORATED CLASS A | 4.2 % |
| EATON CORP PLC | 4.2 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 415 |
| Wgt avg mkt cap (mns) | $778,101 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 82.3 % |
 |
IRELAND | 5.6 % |
 |
NETHERLANDS | 4.8 % |
 |
LUXEMBOURG | 2.3 % |
 |
SWITZERLAND | 2.2 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 28.8% | 41.8% | 31.7% | -- | -- | -- | -1.0% | Volatility | 18.3% | 17.2% | 25.6% | 28.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 78% |
| MSCI EAFE | 1.00 | 48% |
| MSCI Emg Mkts | 0.81 | 31% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.54% |
| ADV of underlying (mns) | $115,580 |
Technical Indicators
| Recent close | $26.14 |
| 30d moving avg. | $28.10 |
| Annualized volatility | 26.5% |
| Relative strength (RSI) | 67 |
| Short interest (ETF) | 0.7% |
| 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. GGRW |
Expenses vs. GGRW |
ALTAR Score™ vs. GGRW |
|---|---|---|---|---|
| JGRO | JPMorgan Active Growth ETF | 43.3% | -46 bp | +1.0% |
| CACG | ClearBridge All Cap Growth ESG ETF | 39.6% | -36 bp | +1.0% |
| TMFE | Motley Fool Capital Efficiency 100 Index ETF | 39.5% | -40 bp | +1.8% |
| PWB | Invesco Large Cap Growth ETF | 39.5% | -34 bp | +0.8% |
| FDG | American Century Focused Dynamic Growth ETF | 39.3% | -45 bp | +0.1% |
| MGK | Vanguard Mega Cap Growth ETF | 39.0% | -83 bp | +1.7% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 38.1% | -31 bp | +1.0% |
| EGUS | iShares ESG Aware MSCI USA Growth ETF | 37.4% | -72 bp | +1.9% |
| PNQI | Invesco NASDAQ Internet ETF | 36.5% | -30 bp | -0.1% |
| VUG | Vanguard Growth ETF | 36.1% | -86 bp | +1.7% |
Risk and Returns: GGRW 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
GGRW
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™
GGRW
2.7%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.7% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. GGRW's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places GGRW in the 10st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GGRW
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| GGRW (90 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GGRW | 90.0 | 53.7 | 143.7 |
| Peer Avg. | 69.7 | 23.8 | 93.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .