VegTech Plant-based Innovt & Clmt ETF's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.  

 The strategy earns an Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant overweight position in liquidity exposure and volatility exposure compared with category peers. High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And high volatility exposure is rooted in stocks that have a higher standard deviation of returns. The strategy’s management team earns an Average People Pillar rating. The People Pillar rating is indirectly assigned by an analyst rather than algorithmically derived. Please see the notes following pillar section for more details. To be considered a quality steward, this strategy's parent organization needs to improve factors like relatively short-tenured portfolio managers and high fees. As a result, the firm obtains a Below Average Parent Pillar rating.

Analyst Rating

Celsius Holdings

e.l.f. Beauty

Ingredion

Crocs

Mission Produce

Sensient Technologies

CNH Industrial NV

Sunopta

Monster Beverage

On Holding AG

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. VegTech Plant-based Innovt & Clmt ETF earns an Average Process Pillar rating. 

The largest contributor to the rating is the firm's five-year retention rate of 100% over the period. The size of the portfolio management team also strengthens the process. With four portfolio managers, the fund is reasonably well-resourced. Lastly, the process is limited by high costs across its parent firm's funds, whose fees rank in their category's second-costliest quintile on average. While this fund's costs are most relevant to investors, the pattern at the broader firm suggests it could do more to keep costs down.

 This strategy leans toward smaller, higher-growth companies compared with its average peer in the Consumer Defensive Morningstar Category. Looking at additional factor exposure, the fund has held stocks with higher trading volumes compared to Morningstar Category Peers in the past few years. This gives the managers more flexibility during bear markets to sell without adversely affecting prices. In recent months, the strategy was more exposed to the Liquidity factor compared with its Morningstar Category peers as well. This strategy has also exhibited a tilt toward high-volatility stocks over these years, meaning it has invested in companies that have a higher historical standard deviation of returns. This contributes to a higher-risk, higher-reward approach. Compared with category peers, the strategy also had more exposure to the Volatility factor in the most recent month. Additionally, this strategy has had lower yield exposure than peers, with the portfolio holding fewer stocks with high dividend or buyback yields over these years. Its preference for stocks with lower yields may well lead to a growthier portfolio. However, growth stocks court additional risks if their forecasts do not come to fruition and are often more volatile than companies with stable dividends. In recent months, the strategy also had less Yield factor exposure than its peers. More information on a fund and its respective category's factor exposure can be found in the Factor Profile module within the Portfolio section. 

 The portfolio is overweight in basic materials and consumer cyclical relative to the category average by 21.2 and 9.3 percentage points, respectively. The sectors with low exposure compared to category peers are consumer defensive and healthcare, with consumer defensive underweighting the average portfolio by 35.2 percentage points of assets and healthcare similar to the average. The portfolio is positioned across 39 holdings and is relatively top-heavy. Of the strategy's assets, 61.4% are concentrated within the top 10 holdings, as opposed to the category’s 53.1% average. And in closing, in terms of portfolio turnover, on a year-over-year basis, 230% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.

Average

Process

VegTech Plant-based Innovt & Clmt ETF earns an Average People Pillar rating. Dustin Lewellyn, the longest-tenured manager on the strategy, boasts 14 years of listed portfolio management experience. The average Morningstar Rating of the strategies they currently manage is 2.2 stars, demonstrating underwhelming risk-adjusted performance. Dustin Lewellyn has an adequate backdrop of support, drawing on three additional listed managers, averaging nine years of listed portfolio management experience.  The management team is invested in the fund, but the maximum investment by any manager is between $100,000 and $500,000. An investment of more than $1 million would be ideal to align managers' interests with those of the fund's investors. 

 Note: The People Pillar rating is indirectly assigned by an analyst. The longest-tenured manager of the fund also manages a different product rated by an analyst. Their analyst-assigned People Pillar rating is combined here with the People scores (algorithmic or analyst-assigned) for the fund’s other managers on a tenure-weighted basis.

People

At this time, VegTech's assessment results in a Below Average Parent rating. In its two-year history as a firm, there has been little evidence to suggest VegTech is a superior steward of capital compared with other asset managers. VegTech currently oversees one vehicle, with a total of $6.0 million under management and a bench of four portfolio managers.   

 High costs on open-end and exchange-traded funds at VegTech represent a stiff headwind to performance. The average net expense ratio of its funds falls within the second-highest quintile compared with others.  

 To upgrade the firm's rating, VegTech needs to build a consistent track record of positive investor experience.

Below Average

Parent

VegTech Plant-Based Innovation & Climate ETF

EATV is an actively managed portfolio of global plant-based innovation companies and climate change driven companies, screened according to vegan and environmental principles.

EATV is an actively managed, concentrated portfolio of global companies considered to be driving plant-based innovation regarding food and materials trend. Stocks selection is based on a firm's financials, environmental, and climate-friendly principles.

ETF issuers at global economic conference previewed sustainability industry's agenda for 2023.

BlackRock, State Street CEOs Highlight ESG Backlash at Davos

VegTech Invest announced on Tuesday that data and analytics provider Ethos has certified its debut exchange traded fund, the VegTech Plant-based Innovation & Climate ETF (NYSE Arca: EATV), as Carbon Neutral Without Buying Credits. EATV is the first ETF that Ethos has certified as carbon neutral using lifecycle analyses.

EATV Certified Carbon Neutral Without Buying Credits

An investment in EATV, the world's only Plant-based Innovation & Climate ETF, may result in reducing the carbon footprint of one's overall portfolio when considering the expected emissions avoided. LOS ANGELES , Jan. 17, 2023 /PRNewswire/ -- The VegTech™ Plant-based Innovation & Climate ETF, EATV (NYSE: EATV ) has received ground-breaking certification from Ethos ESG: Carbon Neutral Without Buying Credits, a first according to the certification company.

EATV is the First ETF Certified by Ethos ESG as Carbon Neutral Without Buying Credits

Six Experts Join the Council from Ethics, Environmental Justice, Venture Investing, Product Brand Strategy, Next Gen Leadership and Health. LOS ANGELES , Dec. 7, 2022 /PRNewswire/ -- VegTech™ Invest, Advisor to the world's only Plant-based Innovation EATV ETF (NYSE: EATV), announces a global Thought Leadership Council (TLC).

Peter Singer, Renowned Ethics Author, Joins New Global Thought Leadership Council Created by VegTech™ Invest, Advisor to the EATV ETF

NEW YORK--( BUSINESS WIRE )--ACA Group (ACA), the leading provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, today announced that their ESG Data & Analytics solution has certified an exchange-traded fund (ETF) as carbon neutral under its plant-based innovation certification.

ACA's ESG Data & Analytics Solution Certifies First ETF as Carbon Neutral

Powered with data by YourStake, the EAT V  ETF Underscores Its Commitment to Investing for Animals, the Planet and People. LOS ANGELES , Oct. 18, 2022 /PRNewswire/ -- Powered by YourStake, new data reveals that an individual's investments in EATV (NYSE:EATV) may have more impact on their animal welfare footprint than their plant-based diet alone.

Investing in the EATV ETF Can Have a Positive Impact on Animal Welfare, New Data Reveals

VegTech™ Invest,  Advisor to EATV , the V egTech™ Plant-based Innovation & Climate ETF,  throws historic party at The New York Stock Exchange celebrating the EAT V listing and world's first Plant-based Innovation ETF, (NYSE: EAT V ) . LOS ANGELES, June 27, 2022 /PRNewswire/ -- EATV (NYSE: EATV), the VegTech™ Plant-based Innovation & Climate ETF, made history on June 23 rd, when its advisor, VegTech™ Invest , threw a party at The New York Stock Exchange celebrating the listing of the world's first Plant-based Innovation ETF.

EATV, the World's First Plant-based Innovation ETF, Makes History at The New York Stock Exchange (NYSE: EATV)

TORONTO , June 14, 2022 /PRNewswire/ - Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), one of the world's first vegan fast-food chains and the first to go public, announced today that it has executed a franchise agreement for a new restaurant location in Edmonton, Alberta. This will be Edmonton's first Odd Burger location and the second location under development in the province of Alberta.

Odd Burger Signs Edmonton Franchise Agreement and Announces Inclusion in the VegTech™ Exchange-Traded Fund (NYSE: EATV)

Calculated and Distributed by Morningstar Indexes, the Index Defines and Leads a New Global Investment Category in Capital Markets LOS ANGELES , March 29, 2022 /PRNewswire/ -- VegTech™ Invest, advisor to the active VegTech™ Plant-based Innovation & Climate ETF (NYSE: EATV), launches the VegTech™ Plant-based Innovation & Alternative Proteins Index (Ticker EATVI) with calculation and distribution services provided by Morningstar Indexes.   VegTech™ Invest is the first-to-market with a non-tracking, active ETF and an Index that defines and leads this new global investment category: Plant-based Innovation & Alternative Proteins.

VegTech™ Invest Launches the VegTech™ Plant-based Innovation & Alternative Proteins Index

Beyond Meat

Oatly

The sector has taken a pounding in the last few months, but there's still plenty of long-term potential.

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Tattooed Chef

The plant based boom is just starting to sprout, and analysts at Credit Suisse say the industry could grow 100-fold to $1.4 trillion by 2050. The post 3 Plant-Based Stocks to Buy for a Healthier Portfolio appeared first on InvestorPlace.

3 Plant-Based Stocks to Buy for a Healthier Portfolio

Motley Fool Next Index ETF

Generation Z ETF

2022 is expected to be a record-setting year for funds, with more new ETFs with different themes becoming available. These new ETFs could appeal to a range of long-term investors.

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VegTech Invest on Tuesday launched the VegTech Plant-based Innovation & Climate ETF (EATV), a global ETF of publicly traded plant-based innovation companies on the New York Stock Exchange. This is VegTech Invest's first financial product.

VegTech Invest Launches ETF Investing in Plant-Based Innovation

CHICAGO and LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- VegTech™ Plant-based Innovation & Climate ETF (Ticker: EATV), a global ETF of publicly-traded plant-based innovation companies, has launched on the New York Stock Exchange.  The first financial product from the VegTech™ Invest advisory, the VegTech™ ETF (Ticker EATV), includes 37 publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free.

News for VegTech Plant-Based Innovation & Climate ETF ETF (EATV)