LEAD

Siren DIVCON Leaders Dividend ETF

LEAD tracks an index of dividend-paying US large-cap stocks that are deemed likely to increase their dividends in the next twelve months.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

59.5 M

ASSETS UNDER MGMT

43 bp

EXPENSES
Fund Basics
Fund sponsorSRN Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateJan 07, 2020
Assets (mns)$60
Expense ratio43 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 Complete list  + 
COSTCO WHOLESALE CORP 4.4 %
BROADCOM INC. 3.9 %
MONOLITHIC POWER SYSTEMS INC 3.1 %
KLA CORPORATION 2.8 %
CINTAS CORP 2.8 %
HUBBELL INCORPORATED CLASS B 2.7 %
SNAP-ON INC 2.7 %
WW GRAINGER INC 2.5 %
MASTERCARD INCORPORATED CLASS A 2.4 %
MSCI INC-A 2.2 %
Constituent Breakdown
Number of holdings58
Herfindahl-Hirschman Index 201
Wgt avg mkt cap (mns)$240,229
Large cap (>$10bn)99.2%
Mid cap ($2-10bn)0.8%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 90.4 %
IRELAND 6.7 %
SWITZERLAND 1.5 %
BRITAIN 1.4 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 14.7% 28.1% 25.4% 10.6% 15.9% -- 14.4%
Volatility 12.0% 12.5% 17.6% 17.7% 21.9% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0292%
MSCI EAFE0.9273%
MSCI Emg Mkts0.7040%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.15%
ADV of underlying (mns)$47,853
Technical Indicators
Recent close$70.01
30d moving avg.$67.58
Annualized volatility19.0%
Relative strength (RSI)53
Short interest (ETF)0.8%
Short interest (underlying)1.8%
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: LEAD 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 --%
3.4 22.1 4.9 1.3% --
Based on closing prices from 10/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
LEAD



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

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.

ALTAR Score™

LEAD

5.1%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. LEAD's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places LEAD in the 43rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
LEAD (43 bp) Percentile rank 46
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
LEAD 43.0 15.4 58.4
Peer Avg. 37.4 15.4 52.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .