TIME

Clockwise Capital Innovation ETF

CWC is actively managed and aims to invest in domestic companies that best utilize 5G internet and cloud-based products and services.


Active, Concentrated

MANAGEMENT MATRIX

CACG

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsor
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJan 27, 2022
Assets (mns)$18
Expense ratio96 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
SPDR BLOOMBERG BARCLAYS 1-3 MONTH T-BILL 13.4 %
UBER TECHNOLOGIES, INC. 7.2 %
NVIDIA CORP 6.6 %
AMAZON.COM INC 6.4 %
MICROSOFT CORP 6.1 %
META PLATFORMS INC 5.9 %
ALPHABET INC. CLASS A 5.8 %
PALO ALTO NETWORKS INC 5.6 %
SERVICENOW INC 4.8 %
APPLE INC 4.7 %
Constituent Breakdown
Number of holdings26
Herfindahl-Hirschman Index 482
Wgt avg mkt cap (mns)$572,725
Large cap (>$10bn)97.7%
Mid cap ($2-10bn)2.3%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.1 %
LUXEMBOURG 4.7 %
Historical Performance


Standardized Annual Returns (as of 11/30/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
49.3% 38.5% -- -- -- -- -3.0%
Market Correlations
versus...BetaR-squared
S&P 5001.1668%
MSCI EAFE0.9645%
MSCI Emg Mkts0.7832%
Liquidity Measures
Avg. volume (000)2
Turnover0.3%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$55,525
Technical Indicators
Recent close$24.02
30d moving avg.$21.84
Annualized volatility29.1%
Relative strength (RSI)52
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: TIME vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
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
  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 --%
2.9 24.5 4.8 0.8% --
Based on closing prices from 12/6/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
TIME



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™

TIME

2.2%

Cat. Avg

6.1%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™2.2%
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 896 funds in the US Equities category, with an average ALTAR Score™ of 6.1% and a standard deviation of 3.0%. TIME's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places TIME in the 10st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
TIME 96.0 13.8 109.8
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.