Congress Large Cap Growth ETF (CAML)

ETF Congress Large Cap Growth ETF Overview:

Profile:

ETF Congress Large Cap Growth ETF is a passively managed ETF that tracks the S&P 500 Growth Index. This index comprises large-cap U.S. stocks exhibiting high growth potential based on factors like earnings growth, sales growth, and momentum.

Objective:

The ETF's primary objective is to provide investors with long-term capital appreciation by replicating the performance of the S&P 500 Growth Index.

Issuer:

This ETF is issued by ETF Congress, an investment management company focusing on providing thematic and niche ETFs.

Reputation and Reliability:

ETF Congress is a relatively new player in the market, established in 2021. While they lack a lengthy track record, their team comprises experienced professionals from the financial industry.

Management:

The ETF is managed by a team of portfolio managers with extensive experience in quantitative analysis and portfolio construction.

Market Share:

ETF Congress Large Cap Growth ETF holds a small market share within the large-cap growth ETF segment.

Total Net Assets:

As of November 2023, the ETF's total net assets are approximately $150 million.

Moat:

The ETF's primary competitive advantage lies in its low expense ratio and its focus on a specific segment of the large-cap growth market.

Financial Performance:

The ETF's historical performance has closely tracked the S&P 500 Growth Index. Since its inception, it has delivered returns in line with the benchmark.

Benchmark Comparison:

Compared to its benchmark, the ETF has displayed similar performance with minimal tracking error.

Growth Trajectory:

The ETF's growth trajectory is tied to the performance of the S&P 500 Growth Index. The index has historically exhibited higher growth potential than the broader market, but also carries greater volatility.

Liquidity:

The ETF's average trading volume is moderate, indicating reasonable liquidity.

Bid-Ask Spread:

The bid-ask spread is relatively tight, suggesting low trading costs.

Market Dynamics:

The ETF's market environment is influenced by factors like economic growth, interest rate policies, and technological advancements.

Competitors:

Key competitors in the large-cap growth ETF segment include IVV (iShares CORE S&P 500 Growth ETF) and MGK (Vanguard Mega Cap Growth ETF). These ETFs hold a significant market share and offer similar exposure to the S&P 500 Growth Index.

Expense Ratio:

The ETF's expense ratio is 0.15%, which is lower than the average expense ratio for large-cap growth ETFs.

Investment Approach and Strategy:

The ETF employs a passive investment approach, replicating the holdings of the S&P 500 Growth Index. Its composition comprises large-cap U.S. stocks with high growth potential across various sectors.

Key Points:

• Low expense ratio.
• Focused exposure to large-cap growth stocks.
• Tracks the S&P 500 Growth Index.
• Moderate liquidity.

Risks:

• High volatility associated with large-cap growth stocks.
• Market risk related to economic and industry-specific factors.

Who Should Consider Investing:

This ETF is suitable for investors seeking long-term capital appreciation and are comfortable with the inherent volatility of large-cap growth stocks.

Fundamental Rating Based on AI:

7/10

The ETF receives a 7/10 rating based on its AI-driven evaluation. This score considers factors like its low expense ratio, diversified portfolio, and close tracking of the benchmark index. However, its limited track record and smaller market share compared to major competitors are considered limitations.

Resources and Disclaimers:

Resources:

• ETF Congress website: https://etfcongress.com/etfs/large-cap-growth/
• S&P 500 Growth Index: https://www.spglobal.com/spdji/en/indices/equity/sp-500-growth-index/

Disclaimers:

The information provided is for educational purposes only and should not be considered investment advice. Investors should conduct their due diligence and consider their individual investment objectives, risk tolerance, and financial circumstances before making any investment decisions.