Astoria US Quality Growth Kings ETF (GQQQ)

Overview

The Astoria US Quality Growth Kings ETF (ROYA) is an actively managed ETF focusing on high-quality US companies exhibiting strong growth characteristics. It targets companies with robust financials, consistent profitability, and growth potential across various sectors.

Reputation and Reliability

Astoria Portfolio Advisors is a boutique asset management firm known for its quantitative and tactical investment strategies. They are considered reliable but have a smaller market presence compared to larger ETF issuers.

Management Expertise

The management team at Astoria Portfolio Advisors possesses experience in quantitative analysis, portfolio management, and ETF strategy, combining academic rigor with practical market application.

Goal

The primary investment goal is to achieve long-term capital appreciation by investing in a portfolio of high-quality US growth stocks.

Investment Approach and Strategy

Strategy: The ETF employs an active management strategy, selecting stocks based on a proprietary quantitative model evaluating factors such as profitability, growth, and financial strength.

Composition The ETF primarily holds US-listed equity securities. The portfolio is typically diversified across sectors, but with a tilt towards sectors exhibiting higher growth potential.

Market Share: ROYA's market share in the quality growth ETF sector is relatively small, representing a niche offering.

Total Net Assets (AUM): 18000000

Key Competitors

• Vanguard Mega Cap Growth ETF (MGK)
• Invesco QQQ Trust (QQQ)
• iShares Russell 1000 Growth ETF (IWF)
• SPDR Portfolio S&P 500 Growth ETF (SPYG)

Competitive Landscape

The quality growth ETF sector is highly competitive, dominated by large, established ETFs like MGK and QQQ. ROYA differentiates itself through its active management and specific quantitative selection criteria. However, this comes with a higher expense ratio compared to passively managed competitors, which is a key disadvantage. ROYA's potential advantage lies in its ability to outperform benchmarks through stock selection, although this is not guaranteed.

Historical Performance: Historical performance data needs to be sourced from reputable financial data providers. Return percentages should be provided for varying intervals (e.g., 1-year, 3-year, 5-year, 10-year, since inception) as numerical data.

Benchmark Comparison: To accurately compare ROYA's performance, data will need to be sourced to compare the ETF's returns against a relevant benchmark such as the Russell 1000 Growth Index.

Expense Ratio: 0.65

Average Trading Volume

The ETF's liquidity, as indicated by its average trading volume, is relatively low which may increase transaction costs.

Bid-Ask Spread

The bid-ask spread is subject to market conditions, but typically it is considered moderate given the AUM of the ETF.

Market Environment Factors

Economic growth, interest rates, and investor sentiment towards growth stocks significantly influence ROYA's performance. Sector-specific trends and technological advancements also play a crucial role in the performance of the ETF's holdings.

Growth Trajectory

ROYA's growth trajectory is dependent on its ability to attract assets under management and generate consistent alpha through its active stock selection process. Changes in the investment strategy or adjustments to the quantitative model could also affect its holdings.

Competitive Edge

ROYA's competitive edge lies in its active management approach and quantitative stock selection process, designed to identify high-quality growth companies. The fund uses a proprietary model to evaluate companies based on factors like profitability, growth, and financial strength. This process allows for the potential outperformance of passively managed indexes. However, the higher expense ratio associated with active management may offset some of the benefits in periods of market efficiency. If the active management process consistently generates alpha, that becomes ROYA's main advantage.

Volatility

Volatility needs to be calculated based on historical price fluctuations; specific metrics such as standard deviation or beta are best to calculate volatility.

Market Risk

The ETF is susceptible to market risk, particularly risks associated with growth stocks, such as higher valuation sensitivity and potential underperformance during economic downturns. Sector concentration risk may also be present depending on the allocation of the underlying holdings.

Ideal Investor Profile

The ideal investor profile is someone seeking long-term capital appreciation through exposure to high-quality US growth stocks. They should be comfortable with the potential for higher volatility and understand the active management approach and associated fees.

Market Risk

This ETF may be more suitable for long-term investors who believe in the potential for active management to generate alpha, rather than passive index followers.

The Astoria US Quality Growth Kings ETF (ROYA) offers an actively managed approach to investing in high-quality US growth stocks, seeking long-term capital appreciation through proprietary quantitative selection criteria. Its active strategy and quantitative model provide a potential competitive advantage, although the higher expense ratio and smaller AUM can be drawbacks. The ETF's performance is highly dependent on the manager's stock selection skills and favorable market conditions for growth stocks. It is suitable for long-term investors comfortable with active management and the associated risks and fees.

Data Sources:

• Astoria Portfolio Advisors Website
• SEC Filings
• Morningstar
• Bloomberg

Disclaimers:

The information provided is for informational purposes only and should not be construed as investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.