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.
Fund Basics
| Fund sponsor | GAMCO Investors, Inc. |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 16, 2021 |
| Assets (mns) | $2 |
| 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
| MICROSOFT CORP | 9.1 % |
| NVIDIA CORP | 8.5 % |
| AMAZON.COM INC | 6.6 % |
| SERVICENOW INC | 5.6 % |
| ASML HOLDING NV-NY REG SHS | 5.1 % |
| META PLATFORMS INC | 4.8 % |
| NETFLIX INC | 4.7 % |
| ALPHABET INC. CLASS C | 4.7 % |
| THERMO FISHER SCIENTIFIC INC | 4.6 % |
| AMERICAN TOWER CORP-CL A | 4.3 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 474 |
| Wgt avg mkt cap (mns) | $585,228 |
| Large cap (>$10bn) | 94.8% |
| Mid cap ($2-10bn) | 4.8% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 1.0% |
Country Exposure
 |
UNITED STATES | 95.2 % |
 |
NETHERLANDS | 5.1 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.1% | -27.9% | -16.6% | -- | -- | -- | -16.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 76% |
| MSCI EAFE | 1.03 | 57% |
| MSCI Emg Mkts | 0.71 | 27% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $61,725 |
Technical Indicators
| Recent close | $16.28 |
| 30d moving avg. | $16.34 |
| Annualized volatility | 29.3% |
| Relative strength (RSI) | 41 |
| 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. GGRW |
Expenses vs. GGRW |
ALTAR Score™ vs. GGRW |
|---|---|---|---|---|
| WUGI | AXS Esoterica NextG Economy ETF | 38.5% | -15 bp | -0.3% |
| FBCG | Fidelity Blue Chip Growth ETF | 37.8% | -31 bp | -0.9% |
| IGM | iShares Expanded Tech Sector ETF | 37.6% | -50 bp | +1.7% |
| MGK | Vanguard Mega Cap Growth ETF | 37.5% | -83 bp | +1.4% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 37.3% | -50 bp | +1.2% |
| PALC | Pacer Lunt Large Cap Multi-Factor Alternator ETF | 36.6% | -30 bp | +2.6% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 36.1% | -31 bp | +0.4% |
| TMFC | Motley Fool 100 Index ETF | 35.9% | -40 bp | +1.4% |
| QQQ | Invesco QQQ Trust | 35.6% | -70 bp | +1.9% |
| QQQM | Invesco NASDAQ 100 ETF | 35.6% | -75 bp | +2.1% |
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
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 3/17/2023
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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
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
3.2%
Cat. Avg
6.6%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.2% |
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 889 funds in the US Equities category, with an average ALTAR Score™
of 6.6% and a standard deviation of
3.4%. GGRW's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places GGRW in the 15th 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
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GGRW | 90.0 | 34.3 | 124.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .