CornerCap Fundametrics Large-Cap ETF
Data updated: 2024-02-29
C000221237 — CornerCap Fundametrics Large-Cap ETF. United States Mid Cap Blend / Core Equity · $183.72M AUM. Holdings, fees, performance and SEC filings.
C000221237 Fund Overview
CornerCap Fundametrics Large-Cap ETF is a US ETF managed by Trust for Advised Portfolios, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Trust for Advised Portfolios
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $183.72M
- 1-year return: 14.0%
- SEC CIK: 0001261788
- SEC series ID: S000069264
- Share class ID: C000221237
C000221237 Investment Objective and Strategy
CornerCap Fundametrics Large-Cap ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust for Advised Portfolios.
Investment objective
The CornerCap Fundametrics Large-Cap ETF (the Fund) seeks long-term capital appreciation.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative research system called Fundametrics developed by CornerCap Investment Counsel, Inc. (the Adviser). Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the securities of large-capitalization companies. The Adviser defines large-capitalization companies to be those companies with market capitalizations within the range of the Russell 1000 Index at the time of purchase. The market capitalization range of the Russell 1000 Index was between $2.4 billion and $2,684.7 billion as of April 28, 2023 and is expected to change frequently. The Adviser uses Fundametrics to select stocks for the Fund.
Fundametrics evaluates all stocks in the Funds investable universe and groups companies with similar characteristics into custom peer groups. Each peer group is evaluated with respect to over 120 fundamental factors across all major styles (value, growth, g rowth at a reasonable price , price momentum, quality, risk) to find the optimized risk adjusted mix. Overall, valuation maintains the highest weight and greatest importance, but each peer group can have an independent style representation. Buy and sell decisions are determined by the optimized subset of factors contained within the Fundametrics Alpha Composite (Alpha Composite) and the Fundametrics Financial Warnings Overlay (Financial Warnings Overlay). The Alpha Composite is a combination of factors designed to identify alpha stocks, which are stocks considered to have the potential for excess returns.
The Financial Warnings Overlay is then applied to the Funds investable universe of stocks using a separate set of risk factors designed to identify stocks with risk levels that the Adviser believes will lead to underperformance. The Financial Warnings Overlay is designed to avoid high risk stocks that otherwise rank attractively in the Alpha Composite. The Fund typically buys stocks that score highly with respect to the Alpha Composite and pass the Financial Warnings Overlay and, as a final analysis, improve portfolio diversification. The Fund typically sells stocks that score low on the Alpha Composite or are flagged by the Financial Warnings Overlay as presenting unreasonable risk. The Adviser selects securities from among approximately 500 issuers ranked according to fundamental factors using the Advisers Alpha Composite.
Among other fundamental factors, the Alpha Composite model emphasizes the following three key criteria when choosing equity securities with the potential for long-term capital appreciation: relative valuation; earnings growth rates; and cash flow measurements. The Fund may lend its portfolio securities to brokers, dealers, and other financial organizations. These loans, if and when made, may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). By lending its securities, the Fund may increase its income by receiving payments from the borrower.
C000221237 Holdings
Top 10 holdings of CornerCap Fundametrics Large-Cap ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mount Vernon Liquid Assets Portfolio, LLC | 6.52% |
| Johnson & Johnson | 1.95% |
| Chevron Corp | 1.81% |
| Meta Platforms Inc | 1.74% |
| JPMorgan Chase & Co | 1.66% |
| Cisco Systems Inc | 1.55% |
| Bristol-Myers Squibb Co | 1.21% |
| Citigroup Inc | 1.07% |
| Intel Corp | 1.06% |
| Align Technology Inc | 1.00% |
C000221237 Portfolio Allocation
Asset-class allocation of CornerCap Fundametrics Large-Cap ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 7.1% |
C000221237 Performance
Total returns for C000221237 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 14.0% |
| 3 years (annualised) | 10.6% |
C000221237 Risk Information
Risk metrics for C000221237, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.6%
C000221237 Costs and Fees
C000221237 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.50%
- Portfolio turnover: 60%
- Brokerage commissions: 8.45 bps of average net assets (SEC N-CEN)
C000221237 Cashflows
Over the 12 months to 2023-12, CornerCap Fundametrics Large-Cap ETF had net inflows of $114.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $6.46M |
| 2023-11 | $16.92M |
| 2023-10 | $0 |
| 2023-09 | $1.01M |
| 2023-08 | $23.05M |
| 2023-07 | $0 |
C000221237 Debt Constituents
No individual debt constituents are reported in CornerCap Fundametrics Large-Cap ETF's latest SEC N-PORT filing.
C000221237 Prospectus and SEC Filings
Official CornerCap Fundametrics Large-Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-28
- Prospectus supplement (497) — filed 2023-05-12
- Portfolio holdings (N-PORT) — filed 2024-02-29
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Annual census (N-CEN) — filed 2023-06-13
- Annual census (N-CEN) — filed 2022-06-08
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.