Amplify Transformational Data Sharing
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
22.1x P/Sales
ratio
1.5x
P/BV
ratio
1.8x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BLOK provides access to an actively-managed basket of global companies at the forefront of blockchain-based technology.

FUND BASICS
Category Global Equities
Fund Sponsor Amplify Investments
Website www.amplifyetfs.com
Inception date Jan 17, 2017
Assets (mns) $100
Currency USD
Expense ratio 70 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $129,922
Large cap (>$10bn) 59.7%
Mid cap ($2-10bn) 13.6%
Small cap (<$2bn) 26.7%
Developed mkts 78.7%
Emerging mkts 21.3%

TOP TEN HOLDINGS
GMO INTERNET INC 4.6 %
DAUM COMMUNICATIONS CORP 4.2 %
DIGITAL GARAGE INC 3.8 %
SBI HOLDINGS INC 3.6 %
YAHOO! JAPAN CORP 3.2 %
GLOBAL UNICHIP CORP 3.2 %
FACEBOOK 3.1 %
INTL BUSINESS MACHINES CORP 3.1 %
SQUARE, INC. CLASS A 3.0 %
RAKUTEN INC 2.9 %
Total 34.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 40.8 %
JAPAN 24.1 %
SOUTH KOREA 8.8 %
CHINA 6.3 %
TAIWAN 5.5 %
NORWAY 2.4 %
IRELAND 2.2 %
GERMANY 2.0 %
CANADA 1.6 %
BRITAIN 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.6% 5.1% -- -- -7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.18 78%
MSCI EAFE 1.24 64%
MSCI Emg. Mkts. 0.90 47%

Technical Indicators
Recent close $18.37
30d moving avg. $18.02
Annualized volatility 20.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 35
Turnover 0.6%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $24,718

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Amplify Transformational Data Sharing ETF based on the alternatives' overlap in portfolio holdings with BLOK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BLOK Expense: 70 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BLOK
Ticker Fund
Name
Overlap1
vs BLOK
(%)
Expense
ratio
(bp)
Savings
vs BLOK
(bp)
ALTAR
Score™
(%)
ALTAR
vs BLOK
(%)
BLCN Reality Shares NASDAQ NextGen Economy 46.0 68 2 5.7 +0.1
XNTK SPDR NYSE Technology 26.2 35 35 5.5 -0.0
LEGR First Trust Indxx Innovative Transaction & Process 22.8 65 5 6.8 +1.3
GDAT Goldman Sachs Motif Data-Driven World 22.6 50 20 5.7 +0.1
KOIN Innovation Shares NextGen Protocol 22.3 95 -25 4.7 -0.8
PLAT WisdomTree Modern Tech Platforms 21.0 45 25 2.9 -2.7
AIQ Global X Future Analytics Tech 19.9 68 2 4.7 -0.9
GIGE SoFi Gig Economy 19.4 59 11 0.5 -5.1
IETC iShares Evolved U.S. Technology 18.9 18 52 4.9 -0.7
ARKF ARK Fintech Innovation 18.4 75 -5 2.0 -3.6
IGM iShares S&P N. American Technology 17.6 46 24 4.6 -0.9
DSI iShares MSCI KLD 400 Social 16.3 25 45 5.6 +0.1
OEF iShares S&P 100 15.5 20 50 5.6 0.0
IYW iShares US Technology 15.5 42 28 5.2 -0.3
IWY iShares Russell Top 200 Growth 15.2 20 50 5.1 -0.4
XLG Invesco S&P Top 50 15.0 20 50 5.2 -0.4
NACP Impact Shares NAACP Minority Empowerment 14.9 75 -5 5.6 +0.1
IWF iShares Russell 1000 Growth 14.9 19 51 5.0 -0.5
VONG Vanguard Russell 1000 Growth 14.8 12 58 5.1 -0.5
SKYY First Trust Cloud Computing 14.8 60 10 2.5 -3.1

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

Content on this tab for subscribers only

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:
Amplify Transformational Data Sharing
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 10.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.54
 
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.