ETF Launches: FUNL

ETF Launches: FUNL

Newcomer's ETF incorporates more than 120 factors.

Reviewed by: Heather Bell
Edited by: Heather Bell


CornerCap Fundametrics Large-Cap ETF (FUNL)
New ETF relies on more than 120 fundamental factors

Atlanta-based CornerCap Wealth Advisors entered the ETF market in August with the launch of an actively managed, factor-based ETF. The CornerCap Fundametrics Large-Cap ETF (FUNL) targets companies that fall within the market capitalization range of the large-cap Russell 1000 Index.

FUNL comes with an expense ratio of 0.50% and lists on Cboe Global Markets, the parent company of

The new ETF relies on CornerCap’s proprietary in-house quantitative research system, which evaluates companies based on more than 120 fundamental factors, to sort companies into peer groups, which are determined primarily by valuation but also by additional criteria in order to arrive at an “optimized risk adjusted mix.”

“We create models that really capture the long term factor advantages of these different peer groups,” said Jeffrey Moeller, CornerCap’s director of research.

Portfolio trading decisions are made using the Fundametrics Alpha Composite and the Fundametrics Financial Warnings Overlay, which are, respectively, designed to identify those stocks likely to outperform and those facing risks that threaten their performance, according to the prospectus. It also notes that the Alpha Composite focuses on relative valuation, earnings growth rates and cash flow measurements.

Source: Data and information as of 8/31/2020.
ETF Filings sidebar covers launches and closures for the month of August 2020.

Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.