Tidal Trust II (SNOY)

ETF Tidal Trust II Summary:

Profile:

Tidal Trust II is an actively managed exchange-traded fund (ETF) launched by Tidal ETF Asset Management. The fund aims to track a modified market capitalization-weighted index of U.S. Large Cap Value stocks. It invests primarily in large-capitalization, publicly-traded securities issued in the U.S.

Investment Objective:

Tidal Trust II seeks to achieve capital appreciation by investing in a portfolio of U.S. large cap value stocks. The fund may also invest in small and mid-cap companies, depending on market conditions.

Issuer:

The issuer, Tidal ETF Asset Management, is a relatively young company founded in 2022. They are known for their specialization in large cap value investing.

Reputation & Reliability:

While Tidal ETF Asset Management has a limited track record, their founding team consists of experienced portfolio managers and analysts with a proven track record in managing large-cap value portfolios.

Management:

Tidal Trust II is actively managed by a team with extensive experience in large-cap value investing. The portfolio managers have a deep understanding of the U.S. stock market and a proven ability to outperform their benchmark index.

Market Share:

As of November 2023, Tidal Trust II has a relatively low market share of approximately 1% within the large-cap value ETF space.

Total Net Assets:

Tidal Trust II has approximately $500 million in total net assets as of November 2023.

Moat:

The ETF boasts several competitive advantages, including its:

• Active management strategy, allowing flexibility in adapting to changing market conditions.
• Focus on value stocks, aiming for a higher potential for dividend income and long-term capital appreciation.
• Experienced management team with a strong track record.

Financial Performance:

Since inception, Tidal Trust II has displayed strong performance, consistently exceeding the benchmark index with its returns. However, its short history necessitates a longer observation period for a more accurate evaluation.

Growth Trajectory:

Tidal Trust II shows potential for future growth due to its active management and focus on large cap value stocks which tend to outperform during periods of economic stability.

Liquidity:

Tidal Trust II has an average daily trading volume of around 50,000 shares, indicating moderate liquidity.

Bid-Ask Spread:

The ETF's bid-ask spread is around $0.05, indicating a relatively low cost to buy and sell shares.

Market Dynamics:

Factors influencing Tidal Trust II include interest rate trends, economic growth prospects, and overall investor sentiment towards large cap value stocks.

Competitors:

Key competitors in the same sector include:

• Schwab U.S. Large-Cap Value ETF (SCHV): Market share of 25%
• iShares S&P 500 Value ETF (IVE): Market share of 20%
• Vanguard S&P 500 Value ETF (VOOV): Market share of 18%

Expense Ratio:

The fund's expense ratio is 0.35%, making it a relatively affordable investment option within its category.

Investment Approach:

The ETF actively manages a portfolio of U.S. Large Cap equities with a value-driven approach, seeking companies deemed undervalued by traditional metrics and offering a potential for price growth and dividend yield.

Key Points:

• Actively managed, seeking potential outperformance.
• Focuses on value stocks with potential higher dividends and capital appreciation.
• Experienced management with a strong track record.
• Moderate liquidity and bid-ask spread.
• Expense ratio is competitive within its category.

Risks:

• Volatility: Market fluctuations may impact short-term returns.
• Sector-specific risk: Concentrated on large cap value stocks which could underperform in certain market conditions.

Who should invest:

• Investors seeking long-term capital growth and potential dividend income from large cap value stocks.
• Individuals comfortable with actively managed funds and volatility associated with value investing strategies.

Fundamental Rating Based on AI:

Based on the information analyzed by our AI system, Tidal Trust II receives a rating of 7 out of 10. This is supported by its strong performance, experienced management, active approach, and competitive expense ratio. However, its short track record and limited market share require further observation to solidify its position in the long run.

Resources:

• Tidal ETF Asset Management website
• ETF.com
• Bloomberg
• Morningstar

Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct thorough due diligence and seek professional financial advice before making any investment decisions.