 The
Kovitz Core Equity ETF (EQTY) is an actively managed exchange-traded
fund that seeks to provide long-term capital appreciation. The fund
invests in a diversified portfolio of 25-40 high-quality,
growth-oriented companies across all market capitalizations. The
investment team uses a proprietary investment process to identify
companies with strong balance sheets, attractive growth prospects, and
sustainable competitive advantages.
EQTY aims to provide
investors with exposure to a select group of high-quality companies
with strong growth potential, while also maintaining a level of
downside protection. The fund's investment process incorporates
fundamental analysis, quantitative screening, and risk management
techniques to identify and manage risk.
EQTY's portfolio is
focused on U.S. equities, with a tilt towards mid- and small-cap
companies. The fund's top holdings include companies such as Microsoft
Corp., Amazon.com Inc., and Alphabet Inc. Class A.
EQTY has an
expense ratio of 0.89%, which is higher than many passive index ETFs,
but is in line with other actively managed equity ETFs. The fund is
relatively new, having launched in October 2018, and as of March 2023,
it has around $68 million in assets under management.
Investors
considering EQTY should note that it is an actively managed fund and
therefore subject to potential manager risk. Additionally, as with all
equity investments, there is a risk of loss of principal. Investors
should carefully consider their investment objectives and risk
tolerance before investing in EQTY or any other ETF.
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