ETF Research Center

DRIV seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (EVs), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.

FUND BASICS
Category	Global Equities
Fund Sponsor	Global X
Website	www.globalxfunds.com
Inception date	Mar 27, 2018
Assets (mns)	$16
Currency	USD
Expense ratio	68 bp
Distributions

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	76
Wgt avg mkt cap (mns)	$231,427
Large cap (>$10bn)	80.3%
Mid cap ($2-10bn)	16.6%
Small cap (<$2bn)	3.1%
Developed mkts	91.0%
Emerging mkts	9.0%

TOP TEN HOLDINGS
Total	37.3 %
APPLE INC	4.8 %
MICROSOFT CORP	4.6 %
QUALCOMM INC	4.1 %
SAMSUNG ELECTRONICS CO LTD	3.7 %
HONEYWELL INTERNATIONAL INC	3.6 %
ALPHABET INC. CLASS A	3.5 %
CISCO SYSTEMS INC	3.4 %
TEXAS INSTRUMENTS INC	3.3 %
INTEL CORP	3.3 %
TOYOTA MOTOR CORP	3.1 %

TOP COUNTRY EXPOSURE
	UNITED STATES	68.2 %
	SOUTH KOREA	7.1 %
	JAPAN	6.9 %
	GERMANY	4.8 %
	IRELAND	2.7 %
	SWITZERLAND	2.6 %
	CHINA	2.5 %
	NETHERLANDS	1.8 %
	BRITAIN	1.6 %
	AUSTRALIA	1.3 %

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.
28.5%	28.5%	--	--	2.6%

Market Correlations
versus...	Beta	R-squared
S&P500	1.39	87%
MSCI EAFE	1.59	85%
MSCI Emg. Mkts.	1.15	72%

Technical Indicators
Recent close	$15.53
30d moving avg.	$14.77
Annualized volatility	22.2%
Short interest (ETF)	0.2%
Relative strength (RSI)	77

Liquidity measures
Avg. volume (thou.)	7
Turnover	0.7%
Bid/Ask (% of price)	0.41%
ADV underlying (mns)	$33,868

Distributions

FINDING ALTERNATIVE FUNDS

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

Benchmark ticker:

DRIV

Expense:

68 bp

ALTAR Score™:

6.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH DRIV
Ticker	Fund Name	Overlap¹ vs DRIV (%)	Expense ratio (bp)	Savings vs DRIV (bp)	ALTAR Score™ (%)	ALTAR vs DRIV (%)
IDRV	iShares Self-driving EV & Tech	52.7	47	21	8.2	+1.4
KARS	KraneShares Electric Vehicles & Future Mobility Index	34.0	70	-2	5.9	-0.9
EKAR	Innovation Shares NextGen Vehicles & Technology	33.9	95	-27	6.6	-0.2
XNTK	SPDR NYSE Technology	32.9	35	33	4.8	-2.1
JHMT	John Hancock Multifactor Technology	29.2	40	28	5.5	-1.3
QTEC	First Trust NASDAQ 100 Tech	29.1	57	11	5.2	-1.7
IYW	iShares US Technology	28.2	42	26	4.7	-2.2
GDAT	Goldman Sachs Motif Data-Driven World	27.3	50	18	5.4	-1.5
TDIV	First Trust NASDAQ Technology Dividend	26.7	50	18	6.2	-0.6
QYLD	Global X NASDAQ 100 Covered Call ETF	26.3	60	8	4.4	-2.4
IXN	iShares S&P Global Technology	25.7	46	22	4.8	-2.1
QQQ	Invesco QQQ	25.6	20	48	4.7	-2.2
XLK	Technology Select Sector SPDR	25.1	13	55	5.0	-1.8
IGM	iShares S&P N. American Technology	25.0	46	22	4.1	-2.8
SOXX	iShares PHLX SOX Semiconductor	24.5	46	22	5.4	-1.4
XKST	SPDR Kensho Smart Mobility	23.9	45	23	3.7	-3.1
VGT	Vanguard Info Tech ETF	23.8	10	58	4.9	-1.9
AIQ	Global X Future Analytics Tech	23.8	68	0	4.1	-2.7
FTEC	Fidelity MSCI Info Technology	23.8	8	60	4.9	-1.9
SMH	VanEck Vectors Semiconductors	23.7	35	33	5.8	-1.1

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	**	**	**	**	**	**	**
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 Autonomous & Electric Vehicles
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	14.7	%
Divided by: Fwd. P/BV	2.0	x
Less: Expense ratio	68	bp
Equals: ALTAR Score	6.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.52	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.