NANC
Unusual Whales Subversive Democratic Trading ETF
NANC seeks to broadly invest in stocks purchased or sold by Democratic members of the US Congress and their families.
Fund Basics
| Fund sponsor | Subversive Capital Advisor LLC |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 07, 2023 |
| Assets (mns) | $10 |
| Expense ratio | 75 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 10.4 % |
| AMAZON.COM INC | 7.5 % |
| APPLE INC | 6.7 % |
| PIMCO ETF TR ENHAN SHRT MA AC | 6.1 % |
| SALESFORCE.COM INC | 4.9 % |
| ALPHABET INC. CLASS C | 4.7 % |
| NVIDIA CORP | 4.4 % |
| WALT DISNEY CO/THE | 1.7 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 1.4 % |
| TESLA MOTORS INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 740 |
| Herfindahl-Hirschman Index | 331 |
| Wgt avg mkt cap (mns) | $801,030 |
| Large cap (>$10bn) | 90.5% |
| Mid cap ($2-10bn) | 6.2% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 87.7 % |
 |
IRELAND | 1.4 % |
 |
BRITAIN | 0.7 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -- | -- | -- | -- | -- | -- | 38.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $167,668 |
Technical Indicators
| Recent close | $27.16 |
| 30d moving avg. | $27.91 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 42 |
| 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. NANC |
Expenses vs. NANC |
ALTAR Score™ vs. NANC |
|---|---|---|---|---|
| ILCB | iShares Morningstar U.S. Equity ETF | 54.5% | -72 bp | +1.1% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 54.5% | -66 bp | +1.1% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 54.4% | -55 bp | +1.0% |
| VOTE | Engine No. 1 Transform 500 ETF | 54.4% | -70 bp | +1.0% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 54.3% | -73 bp | +1.1% |
| IYY | iShares Dow Jones U.S. ETF | 54.3% | -55 bp | +0.9% |
| PBUS | Invesco PureBeta MSCI USA ETF | 54.2% | -71 bp | +1.1% |
| SCHX | Schwab U.S. Large-Cap ETF | 54.2% | -72 bp | +1.1% |
| IWB | iShares Russell 1000 ETF | 54.1% | -60 bp | +1.0% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 54.1% | -68 bp | +1.0% |
Risk and Returns: NANC 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/25/2023
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
NANC
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™
NANC
4.7%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.7% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. NANC's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places NANC in the 29th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
NANC
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) |
|
|---|---|---|---|
| NANC | 75.0 | 23.6 | 98.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .