Defiance Next Gen Connectivity ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
22.6x P/Sales
ratio
1.6x
P/BV
ratio
2.5x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Defiance Next Gen Connectivity ETF seeks to track the total return performance, before fees and expenses, of the Bluestar 5G Communications Index. Companies in the index are engaged in the research & development or commercialization of systems and ma

FUND BASICS
Category US Equities
Fund Sponsor Defiance ETFs
Website www.defianceetfs.com
Inception date Mar 04, 2019
Assets (mns) $126
Currency USD
Expense ratio 30 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 67
Wgt avg mkt cap (mns) $44,542
Large cap (>$10bn) 59.3%
Mid cap ($2-10bn) 22.1%
Small cap (<$2bn) 18.6%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
SKYWORKS SOLUTIONS INC 6.3 %
MARVELL TECHNOLOGY GROUP LTD 5.1 %
ANALOG DEVICES INC 5.0 %
ERICSSON (LM) TEL-SP ADR 4.3 %
XILINX INC 4.0 %
AT&T INC 3.4 %
KEYSIGHT TECHNOLOGIES INC 3.4 %
MACDONALD DETTWILER & ASSOC 3.2 %
NOKIA CORP-SPON ADR 3.2 %
VERIZON COMMUNICATIONS INC 2.9 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 78.4 %
BERMUDA 5.1 %
SWEDEN 4.3 %
FINLAND 3.2 %
LUXEMBOURG 2.0 %
ISRAEL 1.9 %
BRITAIN 1.0 %
HONG KONG 0.9 %
CHINA 0.7 %
NETHERLANDS 0.6 %

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.
0.6% -- -- -- 0.6%

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

Technical Indicators
Recent close $25.36
30d moving avg. $24.64
Annualized volatility 0.0%
Short interest (ETF) 1.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 49
Turnover 1.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $8,268

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Defiance Next Gen Connectivity ETF ETF based on the alternatives' overlap in portfolio holdings with FIVG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIVG Expense: 30 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIVG
Ticker Fund
Name
Overlap1
vs FIVG
(%)
Expense
ratio
(bp)
Savings
vs FIVG
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIVG
(%)
FONE First Trust Cea Smartphone 27.9 70 -40 6.4 +0.2
XTL SPDR S&P Telecom 25.7 35 -5 5.2 -0.9
XSD SPDR S&P Semiconductors 20.5 35 -5 4.9 -1.3
IGN iShares S&P N. American Tech- MM & Networking 19.8 46 -16 6.6 +0.4
IYZ iShares U.S. Telecommunications 19.4 42 -12 8.1 +2.0
TDIV First Trust NASDAQ Technology Dividend 17.7 50 -20 6.6 +0.4
SOXX iShares PHLX SOX Semiconductor 16.9 46 -16 6.0 -0.2
RYT Invesco S&P Equal Weight Technology 16.9 40 -10 6.6 +0.4
JHMT John Hancock Multifactor Technology 16.7 40 -10 6.0 -0.1
SMH VanEck Vectors Semiconductors 16.0 35 -5 6.2 +0.1
FTXL First Trust Nasdaq Semiconductor 15.4 60 -30 6.2 +0.1
BUL Pacer US Cash Cows Growth 15.4 60 -30 5.4 -0.8
QTEC First Trust NASDAQ 100 Tech 15.3 57 -27 6.1 -0.1
PXQ Invesco Dynamic Networking 13.3 63 -33 4.1 -2.1
FXL First Trust Technology Alphadex 13.0 63 -33 5.6 -0.5
TCLD Tortoise Cloud Infrastructure Fund 12.9 40 -10 5.0 -1.1
PSI Invesco Dynamic Semiconductors 12.9 58 -28 5.6 -0.6
GDAT Goldman Sachs Motif Data-Driven World 12.9 50 -20 5.7 -0.5
SNSR Global X Internet of Things Thematic 12.5 68 -38 5.5 -0.7
OYLD Invesco Russell 1000 Yield Factor ETF 12.1 19 11 7.1 +0.9

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%.

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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:
Defiance Next Gen Connectivity ETF
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 14.7 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.55
 
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.