LRNZ
TrueShares Technology, AI & Deep Learning ETF
LRNZ is actively managed and invests in global equities focused on artificial intelligence and deep learning.
Global
EQUITY
Active
MANAGEMENT STYLE
35.6 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
Fund sponsor | TrueMark Investments, LLC |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Feb 28, 2020 |
Assets (mns) | $36 |
Expense ratio | 69 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 +
NVIDIA CORP | 10.5 % |
SAMSARA, INC. CLASS A | 8.9 % |
CROWDSTRIKE HOLDINGS, INC. CLASS A | 8.0 % |
ADVANCED MICRO DEVICES | 6.6 % |
CLOUDFLARE INC CLASS A | 6.0 % |
STRUCTURE THERAPEUTICS INC | 5.5 % |
ELI LILLY & CO | 5.1 % |
DATADOG INC CLASS A | 5.0 % |
AMAZON.COM INC | 4.9 % |
ELASTIC NV | 4.8 % |
Constituent Breakdown
Number of holdings | 20 |
Herfindahl-Hirschman Index | 585 |
Wgt avg mkt cap (mns) | $230,195 |
Large cap (>$10bn) | 88.3% |
Mid cap ($2-10bn) | 7.0% |
Small cap (<$2bn) | 4.7% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 87.1 % | |
DENMARK | 4.2 % | |
CANADA | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 1.8% | 30.6% | 21.4% | -5.3% | -- | -- | 12.3% | Volatility | 26.8% | 27.0% | 37.5% | 40.2% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.19 | 40% |
MSCI EAFE | 0.79 | 17% |
MSCI Emg Mkts | 0.82 | 17% |
Liquidity Measures
Avg. volume (000) | 6 |
Turnover | 0.7% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $46,451 |
Technical Indicators
Recent close | $38.69 |
30d moving avg. | $36.87 |
Annualized volatility | 33.9% |
Relative strength (RSI) | 54 |
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. LRNZ |
Expenses vs. LRNZ |
ALTAR Score™ vs. LRNZ |
---|---|---|---|---|
SPRX | Spear Alpha ETF | 39.6% | +6 bp | +2.6% |
BFTHX | Baron Fifth Avenue Growth Retail | 37.2% | +6 bp | +2.4% |
WUGI | AXS Esoterica NextG Economy ETF | 30.3% | +6 bp | +3.1% |
NBDS | Neuberger Berman Disrupters ETF | 29.2% | -14 bp | +2.1% |
BGAIX | Baron Global Advantage | 29.1% | +6 bp | +1.3% |
BIOPX | Baron Opportunity Retail | 27.5% | +6 bp | +1.7% |
ARTY | iShares Future AI & Tech ETF | 26.4% | -22 bp | +4.5% |
AOTG | AOT Growth and Innovation ETF | 26.3% | +6 bp | +3.9% |
XDAT | Franklin Exponential Data ETF | 25.1% | -19 bp | +3.5% |
TRFK | Pacer Data and Digital Revolution ETF | 24.6% | -9 bp | +4.2% |
Risk and Returns: LRNZ 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 10/9/2024
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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
LRNZ
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
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.
ALTAR Score™
LRNZ
-0.6%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.6%. LRNZ's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places LRNZ in the 16th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LRNZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active Global Equity ETFs |
# of ETFs | 118 |
Avg. Expense Ratio | 73.5 bp |
Std. Deviation | 29.8 bp |
LRNZ (69 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) |
|
---|---|---|---|
LRNZ | 69.0 | 12.9 | 81.9 |
Peer Avg. | 75.5 | 38.1 | 113.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .