Global X Future Analytics Tech
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
26.4x P/Sales
ratio
3.3x
P/BV
ratio
4.9x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Future Analytics Tech ETF (AIQ) tracks companies that are likely to benefit from the further development and use of artificial intelligence.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Funds
Website www.globalxfunds.com
Inception date May 11, 2018
Assets (mns) $44
Currency USD
Expense ratio 68 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 84
Wgt avg mkt cap (mns) $198,584
Large cap (>$10bn) 89.0%
Mid cap ($2-10bn) 9.8%
Small cap (<$2bn) 1.0%
Developed mkts 89.2%
Emerging mkts 10.8%

TOP TEN HOLDINGS
SALESFORCE.COM INC 3.8 %
NVIDIA CORP 3.6 %
QUALCOMM INC 3.4 %
ALPHABET INC. CLASS A 3.3 %
SIEMENS AG-REG 3.3 %
INTEL CORP 3.3 %
MICROSOFT CORP 3.2 %
RAYTHEON COMPANY 3.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.1 %
NETFLIX INC 3.0 %
Total 33.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 74.9 %
CHINA 9.0 %
CANADA 4.2 %
GERMANY 3.7 %
IRELAND 2.4 %
SWITZERLAND 1.2 %
SOUTH KOREA 1.0 %
JAPAN 1.0 %
TAIWAN 0.9 %
BERMUDA 0.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
35.1% 22.9% -- -- 10.6%

Market Correlations
versus... Beta R-squared
S&P500 1.36 90%
MSCI EAFE 1.46 74%
MSCI Emg. Mkts. 1.13 64%

Technical Indicators
Recent close $17.08
30d moving avg. $16.83
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.5%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $38,782

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X Future Analytics Tech ETF based on the alternatives' overlap in portfolio holdings with AIQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIQ Expense: 68 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIQ
Ticker Fund
Name
Overlap1
vs AIQ
(%)
Expense
ratio
(bp)
Savings
vs AIQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIQ
(%)
XNTK SPDR NYSE Technology 46.5 35 33 5.7 +1.1
GDAT Goldman Sachs Motif Data-Driven World 40.2 50 18 6.0 +1.4
OGIG O'Shares Global Internet Giants 35.3 48 20 1.5 -3.1
JHMT John Hancock Multifactor Technology 34.5 40 28 6.1 +1.5
IYW iShares US Technology 33.7 42 26 5.3 +0.7
SKYY First Trust Cloud Computing 33.4 60 8 2.4 -2.2
IGM iShares S&P N. American Technology 33.2 46 22 4.6 +0.1
IETC iShares Evolved U.S. Technology 31.8 18 50 4.9 +0.3
QTEC First Trust NASDAQ 100 Tech 29.1 57 11 6.1 +1.5
IGV iShares N. American Tech-Software 28.4 46 22 3.1 -1.5
BLCN Reality Shares NASDAQ NextGen Economy 28.4 68 0 5.6 +1.0
QTUM Defiance Quantum 27.0 40 28 6.5 +1.9
KOIN Innovation Shares NextGen Protocol 26.2 95 -27 4.7 +0.2
ARKW ARK Web x.O 26.2 75 -7 -0.8 -5.3
IRBO iShares Robotics and Artificial Intelligence 25.7 47 21 2.0 -2.6
RYT Invesco S&P Equal Weight Technology 25.7 40 28 6.5 +1.9
VGT Vanguard Info Tech ETF 25.3 10 58 5.5 +0.9
FTEC Fidelity MSCI Info Technology 25.3 8 60 5.5 +0.9
XLK Technology Select Sector SPDR 25.1 13 55 5.7 +1.1
QYLD Global X NASDAQ 100 Covered Call ETF 24.8 60 8 4.8 +0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Future Analytics Tech
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.0 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.