Global X MSCI China Materials
ALTAR
Score™
8.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
10.9x P/Sales
ratio
0.5x
P/BV
ratio
1.1x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Materials ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Materials Sector as per the Global Industry Classification System.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Jan 14, 2010
Assets (mns) $2
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 76
Wgt avg mkt cap (mns) $9,997
Large cap (>$10bn) 25.0%
Mid cap ($2-10bn) 74.5%
Small cap (<$2bn) 0.5%
Developed mkts 13.6%
Emerging mkts 86.4%

TOP TEN HOLDINGS
CHINA NATIONAL BUILDING MA-H 9.7 %
ANHUI CONCH CEMENT CO LTD-H 8.9 %
CHINA RESOURCES CEMENT 6.7 %
ZIJIN MINING GROUP CO LTD-H 6.3 %
CHINA MOLYBDENUM CO LTD-H 4.1 %
NINE DRAGONS PAPER HOLDINGS 3.9 %
JIANGXI COPPER COMPANY LTD-H 3.8 %
ALUMINUM CORP OF CHINA LTD-H 3.2 %
ZHAOJIN MINING INDUSTRY - H 2.9 %
YANTAI WANHUA POLYURETHANE-A 2.8 %
Total 52.3 %

TOP COUNTRY EXPOSURE
CHINA 84.0 %
HONG KONG 13.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.7% 20.7% 6.1% -- -1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.22 36%
MSCI EAFE 1.47 43%
MSCI Emg. Mkts. 1.35 63%

Technical Indicators
Recent close $16.77
30d moving avg. $16.62
Annualized volatility 24.6%
Short interest (ETF) 1.4%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 2.03%
ADV underlying (mns) $3,161

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CHIM Expense: 65 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIM
Ticker Fund
Name
Overlap1
vs CHIM
(%)
Expense
ratio
(bp)
Savings
vs CHIM
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIM
(%)
FCA First Trust China AlphaDEX 10.3 80 -15 11.8 +3.2
COPX Global X Copper Miners 9.7 65 0 6.0 -2.6
BATT Amplify Advanced Battery Metals & Materials 7.0 72 -7 0.6 -7.9
CNYA iShares MSCI China A 6.9 65 0 8.1 -0.5
ASHX Xtrackers MSCI China A Inclusion 6.8 60 5 8.2 -0.4
KBA KraneShares MSCI China A Int'l 6.8 60 5 8.2 -0.4
FHK First Trust Hong Kong 6.5 80 -15 8.9 +0.3
ASHS Xtrackers Harvest CSI China A-Shrs S/C 6.3 65 0 4.9 -3.7
PEK VanEck Vectors ChinaAMC A-Shares 5.5 60 5 8.6 +0.0
ASHR Xtrackers Harvest CSI 300 China A-Shares 5.5 65 0 8.6 +0.0
WCHN WisdomTree ICBCCS S&P China 500 5.4 55 10 8.3 -0.3
OBOR KraneShares MSCI One Belt One Road Index 5.2 79 -14 8.8 +0.2
HAO Invesco China Small Cap ETF 4.9 75 -10 10.1 +1.5
CNHX CSOP MSCI China A International Hedged 4.6 79 -14 8.7 +0.1
CNXT VanEck Vectors China AMC SME-ChiNext 4.2 65 0 4.5 -4.1
REMX VanEck Vectors Rare Earth/Strategic Metals 4.1 59 6 2.3 -6.3
ECOW Pacer Emerging Markets Cash Cows 100 3.5 70 -5 10.0 +1.4
SDEM Global X SuperDividend Emg Mkts 3.4 67 -2 16.2 +7.6
KALL KraneShares MSCI China All Shares 3.2 49 16 8.4 -0.2
FEM First Trust Emerging Markets AlphaDEX 2.9 80 -15 10.0 +1.4

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:
Global X MSCI China Materials
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 9.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.48
 
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.