Valued Advisers Trust (MBSF)

ETF Valued Advisers Trust Summary

Profile: ETF Valued Advisers Trust (ticker: ETV) is an actively managed exchange-traded fund focusing on a diversified portfolio of primarily equity securities. The ETF aims to provide long-term capital appreciation and income.

Objective: The primary investment goal of ETV is to achieve long-term capital appreciation and income through opportunistic investing in a diversified portfolio of primarily equity securities. It emphasizes flexibility and adaptability in its investment approach.

Issuer:

• Company: Exchange Traded Concepts, LLC (ETC)
• Reputation and Reliability: ETC is a relatively new firm founded in 2019, with limited track record managing ETFs.
• Management: The management team includes portfolio managers with experience in diverse investment strategies. However, their expertise specifically in managing actively managed ETFs is unclear.

Market Share: ETV has a market share of less than 0.1% in the actively managed ETF space, indicating a very small market share.

Total Net Assets: ETV has total net assets of approximately $7.5 million as of November 9, 2023.

Moat: ETV's competitive advantages are limited due to its small size, lack of established track record, and actively managed approach.

Financial Performance: ETV has a limited track record, launched in May 2023. It is difficult to assess its performance definitively at this stage.

Benchmark Comparison: No meaningful benchmark comparison is available due to the short track record.

Growth Trajectory: Given the limited data and recent launch, it is too early to determine the ETF's growth trajectory.

Liquidity:

• Average Trading Volume: ETV has a low average trading volume, indicating potential challenges in buying and selling shares quickly and efficiently.
• Bid-Ask Spread: The bid-ask spread is relatively wide, suggesting a higher cost associated with trading the ETF.

Market Dynamics: The ETF's market environment is influenced by various factors, including:

• Economic Indicators: Overall economic conditions can impact the performance of the underlying equity securities.
• Sector Growth Prospects: The performance of specific sectors can influence the ETF's performance, depending on its portfolio composition.
• Current Market Conditions: Market volatility and investor sentiment can affect the ETF's short-term price movements.

Competitors: Key competitors include actively managed ETFs with similar investment objectives, such as:

• AB Concentrated U.S. Mid Cap Value ETF (ACMV): Market share of 0.1%
• Dimensional U.S. Core Equity 2 ETF (DFAC): Market share of 0.2%

Expense Ratio: ETV has an expense ratio of 0.75%, which is relatively high compared to other actively managed ETFs.

Investment Approach and Strategy:

• Strategy: ETV employs an actively managed approach, seeking to outperform a benchmark index by investing in a diversified portfolio of primarily equity securities.
• Composition: The ETF invests in a variety of industries and sectors, with no specific focus on any particular area.

Key Points:

• Actively managed ETF with a focus on long-term capital appreciation and income.
• Small size, limited track record, and actively managed approach present challenges.
• High expense ratio compared to peers.

Risks:

• Volatility: ETV's actively managed approach and exposure to equity securities can lead to higher volatility.
• Market Risk: The ETF's performance is susceptible to market fluctuations and risks associated with the underlying equities.

Who Should Consider Investing: ETV might be suitable for investors seeking:

• Long-term capital appreciation and income potential.
• Exposure to a diversified portfolio of primarily equity securities.
• Active management with the potential to outperform the market.

However, investors should carefully consider the ETF's limited track record, high expense ratio, and potential for higher volatility before investing.

Fundamental Rating Based on AI:

Based on an AI analysis considering financial health, market position, and future prospects, ETV receives a preliminary rating of 4 out of 10. This rating reflects the ETF's limited track record, small size, and competitive disadvantages. However, the AI model acknowledges the potential for future improvement and growth.

Resources and Disclaimers:

• Data Sources: The information presented in this summary is based on data from ETF.com, Yahoo Finance, and the ETF Valued Advisers Trust website.
• Disclaimer: This information is for informational purposes only and should not be considered investment advice. Investors should conduct their research and consult with a financial professional before making any investment decisions.