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.


Active, Concentrated

MANAGEMENT MATRIX

LRGE

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGAMCO Investors, Inc.
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateFeb 16, 2021
Assets (mns)$2
Expense ratio90 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
AMAZON.COM INC 8.4 %
MICROSOFT CORP 8.3 %
NVIDIA CORP 6.1 %
VISA INC-CLASS A SHARES 5.0 %
THERMO FISHER SCIENTIFIC INC 4.8 %
LATTICE SEMICONDUCTOR CORP 4.5 %
INTUITIVE SURGICAL INC 4.3 %
SNOWFLAKE, INC. CLASS A 3.9 %
APPLIED MATERIALS INC 3.9 %
SERVICENOW INC 3.9 %
Constituent Breakdown
Number of holdings26
Herfindahl-Hirschman Index 428
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 88.9 %
IRELAND 3.4 %
NETHERLANDS 2.5 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-36.9% -39.3% -- -- -- -- -18.0%
Market Correlations
versus...BetaR-squared
S&P 5001.1276%
MSCI EAFE0.9755%
MSCI Emg Mkts0.6221%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.72%
ADV of underlying (mns)$61,725
Technical Indicators
Recent close$16.30
30d moving avg.$15.45
Annualized volatility29.2%
Relative strength (RSI)59
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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Risk and Returns: GGRW vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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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 --%
3.9 24.8 4.8 0.3% --
Based on closing prices from 11/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

3.8%

Cat. Avg

6.3%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.8%
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 876 funds in the US Equities category, with an average ALTAR Score™ of 6.3% and a standard deviation of 3.0%. GGRW's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places GGRW in the 19th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
GGRW
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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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 71.8 161.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.