ETF Research Center

The Global X MSCI China Information Technology ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Information Technology Sector as per the Global Industry Classification System.

FUND BASICS
Category	Emerging Market Equities
Fund Sponsor	Global X
Website	www.globalxfunds.com
Inception date	Dec 11, 2018
Assets (mns)	$2
Currency	USD
Expense ratio	65 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	85
Wgt avg mkt cap (mns)	$10,313
Large cap (>$10bn)	31.3%
Mid cap ($2-10bn)	66.5%
Small cap (<$2bn)	2.2%
Developed mkts	39.3%
Emerging mkts	60.7%

TOP TEN HOLDINGS
Total	60.1 %
SUNNY OPTICAL TECH	10.0 %
AAC TECHNOLOGIES HOLDINGS INC.	8.9 %
XIAOMI CORP. CLASS B	7.5 %
LENOVO GROUP LTD	7.3 %
SEMICONDUCTOR MANUFACTURING INTERN	6.3 %
GDS HOLDINGS LTD. SPONSORED ADR CL	4.7 %
KINGDEE INTERNATIONAL SFTWR	4.0 %
XINYI SOLAR HOLDINGS LTD	3.8 %
TRAVELSKY TECHNOLOGY LTD-H	3.8 %
KINGSOFT CORP LTD	3.7 %

TOP COUNTRY EXPOSURE
	CHINA	82.9 %
	HONG KONG	11.3 %

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.
30.6%	--	--	--	30.6%

Market Correlations
versus...	Beta	R-squared
S&P500	--	--
MSCI EAFE	--	--
MSCI Emg. Mkts.	--	--

Technical Indicators
Recent close	$18.72
30d moving avg.	$18.14
Annualized volatility	0.0%
Short interest (ETF)	1.1%
Relative strength (RSI)	64

Liquidity measures
Avg. volume (thou.)	1
Turnover	1.0%
Bid/Ask (% of price)	0.72%
ADV underlying (mns)	$6,057

Distributions

FINDING ALTERNATIVE FUNDS

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

Benchmark ticker:

CHIK

Expense:

65 bp

ALTAR Score™:

6.4%

ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIK
Ticker	Fund Name	Overlap¹ vs CHIK (%)	Expense ratio (bp)	Savings vs CHIK (bp)	ALTAR Score™ (%)	ALTAR vs CHIK (%)
CQQQ	Invesco China Technology	21.4	70	-5	5.3	-1.2
CNXT	VanEck Vectors China AMC SME-ChiNext	11.2	65	0	5.5	-0.9
KGRN	KraneShares MSCI China Environment Index	7.7	80	-15	10.1	+3.7
ASHX	Xtrackers MSCI China A Inclusion	7.5	60	5	8.8	+2.4
CNYA	iShares MSCI China A	7.5	65	0	9.3	+2.8
HAO	Invesco China Small Cap ETF	7.3	75	-10	9.5	+3.1
PEK	VanEck Vectors ChinaAMC A-Shares	6.9	60	5	9.2	+2.8
ASHR	Xtrackers Harvest CSI 300 China A-Shares	6.9	65	0	9.2	+2.8
CNHX	CSOP MSCI China A International Hedged	6.8	79	-14	9.3	+2.9
IPOS	Renaissance International IPO	6.4	80	-15	5.7	-0.8
KBA	KraneShares MSCI China A Int'l	6.2	60	5	8.8	+2.4
CXSE	WisdomTree China ex-State Owned Enterprises	6.1	32	33	7.0	+0.6
WCHN	WisdomTree ICBCCS S&P China 500	5.7	55	10	9.1	+2.7
FHK	First Trust Hong Kong	5.5	80	-15	9.5	+3.0
KALL	KraneShares MSCI China All Shares	5.2	49	16	9.0	+2.6
SRVR	Pacer Benchmark Data & Infrastructure Real Estate	4.7	60	5	5.6	-0.9
ICLN	iShares S&P Global Clean Energy	3.8	46	19	3.8	-2.6
TAN	Invesco Global Solar Energy	3.8	70	-5	-3.3	-9.8
GXC	SPDR S&P China ETF	3.6	59	6	9.2	+2.7
MCHI	iShares MSCI China	3.5	59	6	9.4	+2.9

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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:	Global X MSCI China Information Technology
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	14.4	%
Divided by: Fwd. P/BV	2.0	x
Less: Expense ratio	65	bp
Equals: ALTAR Score	6.4	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.41	CATEGORY AVERAGE	1.49

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.