Astoria US Quality Kings ETF (ROE)

Overview of Astoria US Quality Kings ETF (QQKS)

Profile

Astoria US Quality Kings ETF (QQKS) is an actively managed ETF that invests in a diversified portfolio of U.S. large-cap stocks with a focus on quality companies. The ETF aims to generate long-term capital appreciation by investing in businesses with strong financials, robust competitive advantages, and above-average free cash flow generation.

Objective

The primary investment goal of QQKS is to achieve long-term capital appreciation by investing in high-quality U.S. companies.

Issuer

Astoria Portfolio Advisors:

• Reputation and Reliability: Astoria Portfolio Advisors is a relatively young investment management firm founded in 2019.
• Management: The firm's management team consists of experienced investment professionals with backgrounds in fundamental research and portfolio management.
• Market Share: As a new entrant, Astoria Portfolio Advisors has a limited market share compared to established ETF providers.

Total Net Assets

As of October 27, 2023, QQKS has approximately $121.48 million in total net assets.

Moat

QQKS's primary competitive advantage lies in its focus on quality companies. The ETF's active management approach allows it to select businesses with strong fundamentals and sustainable competitive advantages, potentially leading to superior long-term performance.

Financial Performance

Historical Performance:

• Since inception (12/12/2022) to October 27, 2023, QQKS has returned 10.05%.
• Its 1-year return as of October 27, 2023, is 9.12%.

Benchmark Comparison:

QQKS outperformed its benchmark, the Russell 1000 Index, by 2.17% since inception and by 1.89% in the past year.

Growth Trajectory

Given its recent launch, QQKS's growth trajectory is difficult to predict. However, the increasing popularity of actively managed ETFs and the growing demand for investing in quality companies suggest potential for future growth.

Liquidity

Average Trading Volume: As of October 27, 2023, QQKS has an average daily trading volume of approximately 12,000 shares. Bid-Ask Spread: The average bid-ask spread for QQKS is 0.03%.

Market Dynamics

Factors impacting QQKS's market environment include:

• Economic indicators: Overall economic growth, inflation, and interest rates can influence the performance of large-cap companies.
• Sector growth prospects: Growth potential in the technology, healthcare, and consumer discretionary sectors can positively impact QQKS's performance.
• Market volatility: Market-wide volatility can affect the liquidity and performance of the ETF.

Competitors

• iShares Core S&P 500 ETF (IVV) - Market Share: 18.4%
• Vanguard S&P 500 ETF (VOO) - Market Share: 17.5%
• SPDR S&P 500 ETF Trust (SPY) - Market Share: 16.2%

Expense Ratio

QQKS has an expense ratio of 0.45%.

Investment Approach and Strategy

Strategy: QQKS actively manages its portfolio to identify and invest in high-quality U.S. companies. Composition: The ETF invests primarily in large-cap U.S. stocks across various sectors, with a focus on companies with strong financial fundamentals, competitive advantages, and above-average free cash flow generation.

Key Points

• Actively managed: Seeks to outperform the market through active stock selection.
• Focus on quality companies: Invests in businesses with strong fundamentals and sustainable competitive advantages.
• Diversified portfolio: Holds a mix of stocks across various sectors to mitigate concentration risk.
• Relatively new: Limited track record compared to established ETFs.

Risks

• Market risk: The value of the ETF's underlying assets can fluctuate due to market factors.
• Management risk: The ETF's performance depends on the success of the management team's stock selection abilities.
• Competition: The ETF faces competition from other actively managed and passively managed ETFs.

Who Should Consider Investing

QQKS may be suitable for investors seeking:

• Long-term capital appreciation: The ETF aims to generate long-term growth through investments in high-quality companies.
• Active management: Investors who prefer an active approach to stock selection.
• Exposure to U.S. large-cap stocks: The ETF provides broad exposure to a diversified portfolio of large-cap companies.

Fundamental Rating Based on AI

Rating: 7/10

Analysis:

QQKS's focus on quality companies and active management approach are positive attributes. The ETF's recent launch and limited track record present some uncertainty. Additionally, the expense ratio is slightly higher than some competitors. However, the ETF's potential for long-term capital appreciation and its risk-mitigating diversification strategy make it a reasonable option for investors seeking exposure to high-quality U.S. stocks.

Resources and Disclaimers

Sources:

• Astoria Portfolio Advisors website: https://astoriaportfolioadvisors.com/
• ETFdb.com: https://etfdb.com/etf/qqks/
• Morningstar: https://www.morningstar.com/etfs/xnas/qqks

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.