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Global X MSCI Emerging Markets Covered Call ETF
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- Description
- Performance
- Comps
Fundamentals- Valuation
- Rating
| EMCC follows a “covered call” or “buy-write” strategy, in which the Fund buys the iShares Core MSCI Emerging Markets ETF and sells call options on the same ETF. |
| Category | US Equities |
| Fund Sponsor | Global X |
| Website | www.globalxetfs.com/EMCC |
| Inception date | Nov 07, 2023 |
| Assets (mns) | $2 |
| Currency | USD |
| Expense ratio | 60 bp |
| Distributions | Quarterly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Market Cap |
| Index replication | |
| Uses derivatives | Yes |
| Options available | No |
| No. of constituents | 1 |
| Wgt avg mkt cap (mns) | $110,387 |
| Large cap (>$10bn) | 69.1% |
| Mid cap ($2-10bn) | 24.1% |
| Small cap (<$2bn) | 8.4% |
| Developed mkts | 5.4% |
| Emerging mkts | 97.0% |
| ISHA CORE EM | 101.6 % |
| CASH | -1.6 % | Total | 100.0 % |
|---|
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0.0 % |
HISTORICAL PERFORMANCE 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -1.2% | -- | -- | -- | 0.5% |
| versus... | Beta | R-squared |
| S&P500 | -- | -- |
| MSCI EAFE | -- | -- |
| MSCI Emg. Mkts. | -- | -- |
| Recent close | $24.53 |
| 30d moving avg. | $0.00 |
| Annualized volatility | 0.0% |
| Short interest (ETF) | 2.0% |
| Relative strength (RSI) |
| Avg. volume (thou.) | 0 |
| Turnover | 0.0% |
| Bid/Ask (% of price) | 0.00% |
| ADV underlying (mns) | $69,484 |
FINDING ALTERNATIVE FUNDS
Below is a list of 1 potential alternatives to the Global X MSCI Emerging Markets Covered Call ETF ETF based on the alternatives' overlap in portfolio holdings with EMCC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
| Benchmark ticker: | EMCC | Expense: | 60 bp | ALTAR Score™: | 7.0% |
| Ticker | Fund Name |
Overlap1 vs EMCC (%) |
Expense ratio (bp) |
Savings vs EMCC (bp) |
ALTAR Score™ (%) |
ALTAR vs EMCC (%) |
| OVF | Overlay Shares Foreign Equity ETF | 20.0 | 98 | -38 | 2.6 | -4.4 |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
|---|---|---|---|---|---|---|---|
| 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 |
| *Six months ago = 100 |
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VALUATION METRICS
| 2023 | 2024E | 2025E | |
|---|---|---|---|
| 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 Emerging Markets Covered Call ETF | |||
| 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. |
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ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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