Goldman Sachs Motif New Age Consumer
ALTAR
Score™
3.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
37.8x P/Sales
ratio
1.9x
P/BV
ratio
4.2x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Motif New Age Consumer Index.

FUND BASICS
Category Global Equities
Fund Sponsor Goldman Sachs
Website www.gsam.com
Inception date Mar 01, 2019
Assets (mns) $5
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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 120
Wgt avg mkt cap (mns) $85,746
Large cap (>$10bn) 56.3%
Mid cap ($2-10bn) 33.5%
Small cap (<$2bn) 9.3%
Developed mkts 77.4%
Emerging mkts 22.7%

TOP TEN HOLDINGS
FACEBOOK 3.4 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.1 %
AMAZON.COM INC 2.7 %
TENCENT HOLDINGS LTD 2.6 %
MEITUAN DIANPING 2.2 %
PINDUODUO, INC. SPONSORED ADR CLAS 2.2 %
NIKE INC -CL B 2.1 %
ADIDAS AG 1.8 %
JD.COM INC-ADR 1.7 %
NETFLIX INC 1.6 %
Total 23.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 44.9 %
CHINA 27.0 %
JAPAN 10.3 %
BRITAIN 5.4 %
GERMANY 4.5 %
LUXEMBOURG 1.0 %
SINGAPORE 0.9 %
ARGENTINA 0.9 %
IRELAND 0.8 %
HONG KONG 0.8 %

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.
5.3% -- -- -- 5.3%

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

Technical Indicators
Recent close $54.40
30d moving avg. $54.09
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $24,920

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Goldman Sachs Motif New Age Consumer ETF based on the alternatives' overlap in portfolio holdings with GBUY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GBUY Expense: 50 bp ALTAR Score™: 3.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GBUY
Ticker Fund
Name
Overlap1
vs GBUY
(%)
Expense
ratio
(bp)
Savings
vs GBUY
(bp)
ALTAR
Score™
(%)
ALTAR
vs GBUY
(%)
OGIG O'Shares Global Internet Giants 31.6 48 2 1.5 -2.1
PNQI Invesco Nasdaq Internet 28.8 62 -12 2.8 -0.7
PLAT WisdomTree Modern Tech Platforms 28.5 45 5 2.9 -0.7
GENY Principal Millennials Index 27.9 45 5 5.0 +1.4
IBUY Amplify Online Retail 25.7 65 -15 2.4 -1.2
TTTN TigerShares China-U.S. Internet Titans 25.0 59 -9 3.9 +0.4
MILN Global X Millennials Thematic 24.8 50 0 3.0 -0.6
GIGE SoFi Gig Economy 24.5 59 -9 0.5 -3.1
KWEB KraneShares CSI China Internet 22.6 76 -26 5.2 +1.6
EBIZ Global X E-commerce 22.2 68 -18 3.2 -0.4
FDNI First Trust Dow Jones International Internet 22.1 65 -15 4.7 +1.1
SOCL Global X Social Media 20.1 65 -15 4.7 +1.1
CXSE WisdomTree China ex-State Owned Enterprises 19.5 32 18 7.3 +3.7
EMQQ Emerging Markets Internet & E-Commerce 19.2 86 -36 4.5 +1.0
AIQ Global X Future Analytics Tech 17.9 68 -18 4.6 +1.0
CHIQ Global X MSCI China Consumer Discretionary 17.4 65 -15 5.5 +1.9
FNI First Trust ISE Chindia 17.3 59 -9 4.5 +0.9
PGJ Invesco Golden Dragon China 17.1 70 -20 4.7 +1.1
BFIT Global X Health & Wellness Thematic 17.0 50 0 4.8 +1.3
XBUY Amplify International Online Retail 17.0 69 -19 1.4 -2.1

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 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

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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:
Goldman Sachs Motif New Age Consumer
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 15.4 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.
 

 

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.