Astoria US Quality Kings ETF (ROE)

Overview

The Astoria US Quality Kings ETF (ticker: AKTS) focuses on identifying and investing in US companies that exhibit high-quality characteristics, such as strong profitability, consistent earnings growth, and robust balance sheets. It aims to provide exposure to established, market-leading businesses.

Reputation and Reliability

Astoria Portfolio Advisors is a newer entrant in the ETF space, with a focus on actively managed and thematic ETFs. Their reputation is still developing.

Management Expertise

Information on the specific management team's expertise for AKTS is not readily available through standard ETF data sources but typically reflects the firm's overall investment philosophy.

Goal

To provide long-term capital appreciation by investing in a concentrated portfolio of high-quality US companies.

Investment Approach and Strategy

Strategy: The ETF aims to actively select stocks based on quality metrics, rather than tracking a specific index. It focuses on fundamental analysis to identify companies with sustainable competitive advantages.

Composition Primarily composed of US large-cap equities, with a focus on sectors that tend to house established, profitable companies.

Market Share: As a relatively niche and newer ETF, AKTS likely holds a very small market share within the broader US equity ETF landscape.

Total Net Assets (AUM): 20000000

Key Competitors

• iShares MSCI USA Quality Factor ETF (QUAL)
• SPDR MSCI USA Quality Value ETF (QVAL)
• Fidelity U.S. Quality Factor ETF (F QUS)

Competitive Landscape

The quality factor ETF space is competitive, dominated by larger providers offering broad-based and factor-specific ETFs. AKTS's competitive advantage lies in its potentially more concentrated and actively managed approach, which could lead to higher alpha if successful. However, its smaller AUM and newer status may present challenges in terms of liquidity and investor adoption compared to established players.

Historical Performance: Past performance data for AKTS is limited due to its shorter track record. Investors should consult up-to-date financial reports for the most accurate historical returns.

Benchmark Comparison: As an actively managed ETF, it aims to outperform a broad market benchmark, but direct comparison to a specific index is not its primary strategy. Performance relative to quality-focused benchmarks is more relevant.

Expense Ratio: 0.75

Average Trading Volume

The average daily trading volume for AKTS is generally low, indicating potentially lower liquidity for larger trades.

Bid-Ask Spread

The bid-ask spread for AKTS can be wider than more liquid ETFs, potentially increasing trading costs for investors.

Market Environment Factors

The ETF is sensitive to overall equity market performance, interest rate changes, and economic growth. Companies with strong quality characteristics tend to perform relatively better during economic downturns.

Growth Trajectory

The growth trajectory of AKTS will depend on its ability to consistently deliver on its quality investment thesis and attract investor capital. Changes to strategy and holdings would be driven by the fund manager's assessment of market opportunities and company-specific factors.

Competitive Edge

The Astoria US Quality Kings ETF seeks a competitive edge through its active management and focus on high-quality companies. This allows for the potential to deviate from index constituents and select businesses with superior fundamentals. The concentrated portfolio approach may lead to higher conviction bets. Its thematic approach aims to capitalize on specific market opportunities not always captured by broader indices.

Volatility

As an equity ETF, AKTS is subject to market volatility. Its volatility will be influenced by the specific holdings and their individual price fluctuations.

Market Risk

The ETF is exposed to systematic market risk, economic downturns, and sector-specific risks inherent in the companies it invests in. Concentration risk may also be a factor if the portfolio is not sufficiently diversified.

Ideal Investor Profile

The ideal investor for AKTS is one seeking exposure to high-quality US companies with a belief in active management's ability to identify undervalued gems. Investors with a moderate to high risk tolerance and a long-term investment horizon would be suitable.

Market Risk

This ETF is likely best suited for long-term investors who believe in the 'quality' investment factor and are comfortable with an actively managed approach that may involve higher fees than passive index funds.

The Astoria US Quality Kings ETF (AKTS) is an actively managed ETF focusing on high-quality US companies. It aims for long-term capital appreciation by selecting businesses with strong fundamentals and competitive advantages. While its niche strategy may offer differentiated exposure, investors should be aware of its relatively small AUM and potentially lower liquidity compared to larger ETFs. The expense ratio is also higher than passive alternatives. It is best suited for long-term investors seeking actively managed quality exposure.

Data Sources:

• Astoria Portfolio Advisors Official Website
• ETF Data Aggregators (e.g., ETF.com, Morningstar)

Disclaimers:

This information is for informational purposes only and should not be considered investment advice. Data is subject to change, and investors should conduct their own due diligence before making investment decisions.