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ETFs

CornerCap Fundametrics Large-Cap ETF

FUNL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 20 2020
Expense Ratio
0.50%
Type
US Equities
Fund Owner
CornerCap
Volume (1m avg. daily)
$159,564
AUM
$162,415,728
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XOM
Exxon Mobil Corp.
2.26%
n/a
Cash & Other
2.23%
JNJ
Johnson & Johnson
2.16%
CSCO
Cisco Systems, Inc.
1.78%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.61%
JPM
JPMorgan Chase & Co.
1.55%
BMY
Bristol-Myers Squibb Co.
1.26%
NEE
NextEra Energy Inc
1.17%
CVS
CVS Health Corp
1.07%
VMW
Vmware Inc. - Ordinary Shares - Class A
1.03%
Invest with FUNL

What is FUNL?

The Fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative research system called Fundametrics developed by CornerCap Investment Counsel, Inc. (the Adviser ). Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the securities of large-capitalization companies. Fundametrics groups companies with similar characteristics into custom peer groups. Each peer group is evaluated with respect to over 120 fundamental factors across all major styles (value, growth, growth at a reasonable price, price momentum, quality, risk) to find the optimized risk adjusted mix. Overall, valuation maintains the highest weight and greatest importance, but each peer group can have an independent style representation. Buy and sell decisions are determined by a subset of factors contained within the Alpha Composite and the Financial Warnings Overlay . The Alpha Composite is a combination of alpha seeking factors designed to identify stocks with potential for excess returns. The Financial Warnings Overlay is then applied to the Fund s investible universe of stocks using a separate set of risk factors designed to identify stocks with risk levels that the Adviser believes will lead to under performance. The Financial Warnings Overlay is designed to avoid high risk stocks that otherwise have attractive valuation metrics. The Fund typically buys stocks that score highly with respect to the Alpha Composite and pass the Financial Warnings Overlay and, as a final analysis, improve portfolio diversification. The Fund typically sells stocks that score low on the Alpha Composite or are flagged by the Financial Warnings Overlay as presenting unreasonable risk.

ETFs related toFUNL

ETFs correlated to FUNL include IWD, PRF, VONV

FUNL
Trust For Advised Portfolios - CornerCap Fundametrics Large-Cap ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFUNL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FUNL using Composer

FAQ

FUNL is a US Equities ETF. The Fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative research system called Fundametrics developed by CornerCap Investment Counsel, Inc. (the Adviser ). Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in the securities of large-capitalization companies. Fundametrics groups companies with similar characteristics into custom peer groups. Each peer group is evaluated with respect to over 120 fundamental factors across all major styles (value, growth, growth at a reasonable price, price momentum, quality, risk) to find the optimized risk adjusted mix. Overall, valuation maintains the highest weight and greatest importance, but each peer group can have an independent style representation. Buy and sell decisions are determined by a subset of factors contained within the Alpha Composite and the Financial Warnings Overlay . The Alpha Composite is a combination of alpha seeking factors designed to identify stocks with potential for excess returns. The Financial Warnings Overlay is then applied to the Fund s investible universe of stocks using a separate set of risk factors designed to identify stocks with risk levels that the Adviser believes will lead to under performance. The Financial Warnings Overlay is designed to avoid high risk stocks that otherwise have attractive valuation metrics. The Fund typically buys stocks that score highly with respect to the Alpha Composite and pass the Financial Warnings Overlay and, as a final analysis, improve portfolio diversification. The Fund typically sells stocks that score low on the Alpha Composite or are flagged by the Financial Warnings Overlay as presenting unreasonable risk.

Yes, FUNL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FUNL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FUNL is -0.0051%. This is the percent change in the value of FUNL over the most recent 1-month period. The 3-month return on FUNL is 0.0151%. This is the percent change in the value of FUNL over the most recent 3-month period.

The standard deviation of FUNL for the past year is 0.1641%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FUNL include PKW, VIXY, and XYLD.

ETFs correlated to FUNL include IWD, PRF, and VONV.

ETFs that are inversely correlated to FUNL include DOG, DXD, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.