U.S. Factor AIM Portfolio

Overview

Stats:
Funds:6
Acquired Fees:0.26%
TTM Yield:1.35%
Benchmark:SPY

Inception Date: June 22, 2020

Investment Objective

The ETF Action U.S. Factor Active Index Model (AIM) Portfolio's primary objective is to outperform the broad U.S. Market as measured by the S&P 500 Index.  To accomplish this objective the investment committee utilizes an actively managed process that is governed and implemented using a transparent and repeatable framework.

Key Facts

  • Selection universe limited to broad U.S. factor ETFs covering value, momentum, growth, quality and low volatility as defined by the ETF Action classification system
  • Over/under weight positions driven by transparent, multi-faceted, and repeatable ratings process
  • Fully invested (no cash), does not use leverage or inverse funds

Philosophy

Returns across factor exposures can diverge widely based on a number of sub-factors including sector exposure, business cycle, macroeconomic environment, fundamentals, valuations, and sentiment. For example, companies with quality characteristics (ie: solid balance sheets, consistent earnings, low leverage) may outperform the broader market during an economic slowdown.  Similarly, companies that have strong positive sentiment and price momentum may outperform at other times.

Following a disciplined process outlined in the methodology guide, ETF Action has created a proprietary process to track and identify factors that we believe have an outsized chance to outperform over various time frames.

All ETF Action Model Portfolios are made available to subscribers for informational purposes only and do not represent actual investments. Full terms of service, including terms of use, copyrights, and disclaimers are available here.

Performance

Performance (as of )

INDEX PERFORMANCE CALCULATED BY indxx. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE. INVESTORS CANNOT INVEST DIRECTLY IN AN INDEX, THE PERFORMANCE OF AN INDEX DOES NOT REPRESENT ANY ACTUAL TRANSACTIONS AND ITS PERFORMANCE DOES NOT REFLECT THE DEDUCTION OF ANY FEES OR EXPENSES ASSOCIATED WITH ACTUAL INVESTING.

*Since Common Inception Date

Composition

Model Insights

U.S. Factor Playbook

1.19.2021

An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • More outflows for low volatility ETFs which have seen over $11 billion out over last 12 months (page 3)
  • iShares MSCI Momentum Factor ETF (MTUM) leads category in net inflows (+$906MM)
  • Dividend factor leads during the week (SPYD +2.14%) but value still leading for third consecutive month (page 5)
  • All factors pull back from extended technical levels

U.S. Factor AIM Positioning Guide

1.18.2021

U.S. Factor AIM Portfolio returned -0.08% last week, outperforming the S&P 500 (SPY) by 1.38%

  • Top Performers: VLUE +2.80%, QVAL +2.38%, QMOM -0.33%
  • Bottom Performers: MTUM -1.97%, QUAL -1.71%, FDLO -1.62%
  • Since Inception Performance: +29.72% outperforming the S&P 500 (SPY) by 6.98%

U.S. Factor AIM Positioning Guide

1.11.2021

U.S. Factor AIM Portfolio returned 3.40% last week, outperforming the S&P 500 (SPY) by 1.43%

  • Top Performers: QMOM +9.07%, MTUM +4.14%, VLUE +3.81%
  • Bottom Performers: QUAL +0.87%, FDLO +0.87%, QVAL +3.39%
  • Since Inception Performance: +29.82% outperforming the S&P 500 (SPY) by 5.26%

U.S. Factor AIM Positioning Guide

1.3.2021

U.S. Factor AIM Portfolio returned -0.17% last week, underperforming the S&P 500 (SPY) by 1.49%

  • Top Performers: QUAL +1.53%, VLUE +1.32%, FDLO +0.97%
  • Bottom Performers: QMOM -5.63%, QVAL -0.68%, MTUM -0.28%
  • Since Inception Performance: +25.55% outperforming the S&P 500 (SPY) by 3.40%

U.S. Factor AIM Positioning Guide

12.28.2020

U.S. Factor AIM Portfolio returned 0.40% last week, outperforming the S&P 500 (SPY) by 0.45%

  • Top Performers: QMOM +3.97%, QVAL +0.94%, MTUM -0.10%
  • Bottom Performers: VLUE -0.36%, QUAL -0.26%, FDLO -0.31%
  • Since Inception Performance: +25.76% outperforming the S&P 500 (SPY) by 5.21%

U.S. Factor AIM Positioning Guide

12.21.2020

U.S. Factor AIM Portfolio returned 1.83% last week, outperforming the S&P 500 (SPY) by 0.61%

  • Top Performers: QMOM +6.46%, MTUM +3.64%, QVAL +2.15%
  • Bottom Performers: VLUE -1.01%, QUAL +1.08%, FDLO +1.36%
  • Since Inception Performance: +25.26% outperforming the S&P 500 (SPY) by 4.65%

U.S. Factor AIM Positioning Guide

12.14.2020

U.S. Factor AIM Portfolio returned -0.33% last week, outperforming the S&P 500 (SPY) by 0.63%

  • Top Performers: QMOM +4.85%, MTUM -0.22%, FDLO -0.62%
  • Bottom Performers: QVAL -1.59%, VLUE -1.46%, QUAL -0.78%
  • Since Inception Performance: +23.01% outperforming the S&P 500 (SPY) by 3.85%

U.S. Factor AIM Positioning Guide

12.7.2020

U.S. Factor AIM Portfolio returned 1.68% last week, underperforming the S&P 500 (SPY) by 0.02%

  • Top Performers: VLUE +3.48%, QUAL +1.74%, QVAL +1.32%
  • Bottom Performers: MTUM +0.89%, QMOM +0.90%, FDLO +1.08%
  • Since Inception Performance: +23.42% outperforming the S&P 500 (SPY) by 3.10%

U.S. Factor AIM Positioning Guide

11.29.2020

U.S. Factor AIM Portfolio returned 2.91% last week, outperforming the S&P 500 (SPY) by 0.56%

  • Top Performers: VLUE +4.04%, QVAL +3.77%, QMOM +3.05%
  • Bottom Performers: FDLO +1.51%, QUAL +2.19%, MTUM +2.83%
  • Since Inception Performance: +21.38% outperforming the S&P 500 (SPY) by 3.07%

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