QRFT
Qraft Ai-Enhanced U.S. Large Cap ETF
The QRAFT AI-Enhanced U.S. Large Cap ETF is an actively-managed portfolio of U.S. Large Cap equities chosen with the aid of artificial intelligence.
US
EQUITY
Active
MANAGEMENT STYLE
75 bp
EXPENSES
$10.1 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Cottonwood ETF Holdings LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 20, 2019 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 9.4 % |
| MICROSOFT CORP | 9.2 % |
| ALPHABET INC. CLASS A | 6.0 % |
| AMAZON.COM INC | 4.9 % |
| META PLATFORMS INC | 3.8 % |
| ELI LILLY & CO | 2.9 % |
| BROADCOM INC. | 2.8 % |
| WAL-MART STORES INC | 1.7 % |
| MASTERCARD INCORPORATED CLASS A | 1.4 % |
| PROCTER & GAMBLE CO/THE | 1.4 % |
Constituent Breakdown
| Number of holdings | 351 |
| Herfindahl-Hirschman Index | 297 |
| Wgt avg mkt cap (mns) | $1,091,520 |
| Large cap (>$10bn) | 96.7% |
| Mid cap ($2-10bn) | 3.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.4% |
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
IRELAND | 1.7 % |
 |
CANADA | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.8% | 26.6% | 21.7% | 7.4% | -- | -- | 16.5% | Volatility | 11.9% | 12.2% | 16.6% | 17.7% | 21.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 95% |
| MSCI EAFE | 0.89 | 70% |
| MSCI Emg Mkts | 0.66 | 40% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $379,445 |
Technical Indicators
| Recent close | $50.43 |
| 30d moving avg. | $52.05 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 67 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QRFT |
Expenses vs. QRFT |
ALTAR Score™ vs. QRFT |
|---|---|---|---|---|
| MGC | Vanguard Mega Cap ETF | 65.3% | -68 bp | +0.8% |
| SPXN | ProShares S&P 500 Ex-Financials ETF | 62.4% | -66 bp | +1.0% |
| IWL | iShares Russell Top 200 ETF | 61.7% | -60 bp | +0.7% |
| OEF | iShares S&P 100 ETF | 61.7% | -55 bp | +0.7% |
| SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 61.4% | -30 bp | +0.4% |
| STXG | Strive 1000 Growth ETF | 61.3% | -57 bp | +0.0% |
| VV | Vanguard Large-Cap ETF | 60.3% | -71 bp | +1.0% |
| VOO | Vanguard S&P 500 ETF | 60.1% | -72 bp | +1.1% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 59.7% | -75 bp | +1.0% |
| VONG | Vanguard Russell 1000 Growth ETF | 59.6% | -67 bp | +0.7% |
Risk and Returns: QRFT 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 7/25/2024
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
QRFT
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™
QRFT
4.3%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.3% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. QRFT's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places QRFT in the 28th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QRFT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| QRFT (75 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QRFT | 75.0 | 22.7 | 97.7 |
| Peer Avg. | 69.7 | 23.8 | 93.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .