Infusive Compounding Global Equities ETF
ALTAR
Score™
3.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.8x P/Sales
ratio
4.1x
P/BV
ratio
7.2x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
JOYY seeks long-term capital appreciation by tracking a market-cap weighted index of consumption-related global companies.

FUND BASICS
Category Global Equities
Fund Sponsor Infusive Asset Management
Website www.infusive.com
Inception date Dec 30, 2019
Assets (mns) $8
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 97
Wgt avg mkt cap (mns) $837,992
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.3%
Small cap (<$2bn) 0.1%
Developed mkts 89.4%
Emerging mkts 10.6%

TOP TEN HOLDINGS
APPLE INC 21.7 %
AMAZON.COM INC 14.1 %
FACEBOOK 6.9 %
ALPHABET INC. CLASS A 6.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.7 %
VISA INC-CLASS A SHARES 6.6 %
NESTLE SA-REG 6.1 %
MASTERCARD INC-CLASS A 5.8 %
TENCENT HOLDINGS LTD 5.7 %
WALT DISNEY CO/THE 4.2 %
Total 84.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 110.2 %
CHINA 15.5 %
SWITZERLAND 6.1 %
FRANCE 5.4 %
BRITAIN 4.9 %
JAPAN 2.3 %
NETHERLANDS 1.6 %
GERMANY 1.0 %
CANADA 0.9 %
BELGIUM 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.3% -- -- -- 7.3%

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

Technical Indicators
Recent close $25.90
30d moving avg. $24.36
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.0%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $90,291

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Infusive Compounding Global Equities ETF ETF based on the alternatives' overlap in portfolio holdings with JOYY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JOYY Expense: 50 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JOYY
Ticker Fund
Name
Overlap1
vs JOYY
(%)
Expense
ratio
(bp)
Savings
vs JOYY
(bp)
ALTAR
Score™
(%)
ALTAR
vs JOYY
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 42.8 60 -10 3.7 -0.2
MGK Vanguard Mega Cap Growth ETF 41.3 7 43 4.3 +0.4
NUSI Nationwide Risk-Managed Income ETF 41.1 68 -18 3.7 -0.3
IWY iShares Russell Top 200 Growth ETF 40.4 20 30 4.3 +0.4
QQQ Invesco QQQ Trust 40.0 20 30 4.1 +0.2
KXI iShares Global Consumer Staples ETF 39.2 46 4 5.4 +1.4
IGM iShares North American Tech ETF 38.2 46 4 4.0 +0.1
XLG Invesco S&P 500 Top 50 ETF 38.2 20 30 4.7 +0.8
TMFC Motley Fool 100 Index ETF 37.6 50 0 4.0 +0.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 36.9 29 21 4.3 +0.4
VOOG Vanguard S&P 500 Growth ETF 36.6 10 40 4.4 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 36.5 4 46 4.5 +0.6
IVW iShares S&P 500 Growth ETF 36.5 18 32 4.3 +0.4
IEDI iShares Evolved U.S. Discretionary Spending ETF 36.1 18 32 3.9 -0.1
IETC iShares Evolved U.S. Technology ETF 36.0 18 32 4.1 +0.2
VUG Vanguard Growth Index Fund 35.8 4 46 4.2 +0.3
TTTN UP Fintech China-U.S. Internet Titans ETF 35.1 59 -9 5.1 +1.2
IOO iShares Global 100 ETF 34.7 40 10 4.9 +1.0
IUSG iShares Core S&P US Growth ETF 34.7 4 46 4.5 +0.6
QUAL iShares MSCI Usa Quality Factor ETF 34.4 15 35 5.4 +1.5
OEF iShares S&P 100 ETF 34.3 20 30 5.0 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.1 60 -10 4.5 +0.6
VONG Vanguard Russell 1000 Growth Index Fund 33.9 8 42 4.4 +0.5
IWF iShares Russell 1000 Growth ETF 33.9 19 31 4.3 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 33.4 4 46 4.3 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 33.4 21 29 3.2 -0.7
XLK Technology Select Sector SPDR Fund 30.9 13 37 5.0 +1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 30.8 12 38 4.9 +0.9
VCR Vanguard Consumer Discretionary Index Fund 30.4 10 40 3.9 -0.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 30.3 8 42 3.8 -0.2
PNQI Invesco NASDAQ Internet ETF 30.2 62 -12 1.2 -2.7
IYC iShares U.S. Consumer Services ETF 29.8 42 8 4.2 +0.2
PWB Invesco Dynamic Large Cap Growth ETF 29.7 55 -5 3.5 -0.4
LRGE ClearBridge Large Cap Growth ESG ETF 29.6 60 -10 4.0 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 29.6 27 23 5.2 +1.3
IWL iShares Russell Top 200 ETF 29.4 15 35 5.2 +1.3
RXI iShares Global Consumer Discretionary ETF 29.3 46 4 5.6 +1.7
SNPE Xtrackers S&P 500 ESG ETF 29.3 11 39 5.2 +1.3
OGIG O'Shares Global Internet Giants ETF 29.0 48 2 0.5 -3.4
JKE iShares Morningstar Large-Cap Growth ETF 29.0 25 25 3.5 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 28.9 75 -25 4.6 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 28.9 27 23 5.1 +1.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 28.8 49 1 4.2 +0.3
FTEC Fidelity MSCI Information Technology Index ETF 28.5 8 42 4.9 +0.9
IXP iShares Global Comm Services ETF 28.4 46 4 5.8 +1.9
VGT Vanguard Information Technology Index Fund 28.4 10 40 4.8 +0.9
XLY Consumer Discretionary Select Sector SPDR Fund 28.3 13 37 4.2 +0.3
IQSU IQ Candriam ESG US Equity ETF 28.2 9 41 5.3 +1.4
ALFA AlphaClone Alternative Alpha ETF 28.2 65 -15 3.8 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.1 15 35 6.4 +2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 28.1 19 31 5.7 +1.8
MGC Vanguard Mega Cap Index Fund 28.0 7 43 5.3 +1.4
TECB iShares US Tech Breakthrough Multisector ETF 27.6 40 10 4.1 +0.2
PBP Invesco S&P 500 BuyWrite ETF 27.5 49 1 5.1 +1.2
SPHQ Invesco S&P 500 Quality ETF 27.4 15 35 5.2 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.2 12 38 5.1 +1.2
IECS iShares Evolved U.S. Consumer Staples ETF 27.0 18 32 5.5 +1.6
HSPX Global X S&P 500 Covered Call ETF 27.0 65 -15 5.0 +1.0
IYW iShares U.S. Technology ETF 27.0 42 8 4.3 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 26.7 52 -2 6.0 +2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.7 75 -25 3.7 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 26.6 29 21 5.3 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.6 20 30 5.1 +1.2
SPMO Invesco S&P 500 Momentum ETF 26.5 13 37 4.5 +0.5
QVM Arrow QVM Equity Factor ETF 26.5 65 -15 5.1 +1.2
BVAL Brand Value ETF 26.4 65 -15 6.1 +2.2
JKD iShares Morningstar Large-Cap ETF 26.2 20 30 5.9 +2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 26.1 20 30 5.5 +1.6
SPXE ProShares S&P 500 Ex-Energy ETF 26.1 27 23 5.4 +1.5
MILN Global X Millennials Thematic ETF 25.9 50 0 2.7 -1.3
DIA SPDR Dow Jones Industrial Average ETF Trust 25.9 16 34 5.6 +1.7
IYK iShares U.S. Consumer Goods ETF 25.9 42 8 5.4 +1.4
FQAL Fidelity Quality Factor ETF 25.8 29 21 5.5 +1.6
SPLG SPDR Portfolio Large Cap ETF 25.4 3 47 5.5 +1.6
IVV iShares Core S&P 500 ETF 25.4 4 46 5.5 +1.6
ACSI American Customer Satisfaction Core Alpha ETF 25.4 66 -16 6.1 +2.2
SPY SPDR S&P 500 ETF Trust 25.4 9 41 5.5 +1.5
ENTR Entrepreneur 30 Fund 25.4 49 1 3.3 -0.7
ESGV Vanguard ESG U.S. Stock ETF 25.4 12 38 5.3 +1.4
IXN iShares Global Tech ETF 25.3 46 4 4.8 +0.9
VOO VANGUARD S&P 500 ETF 25.3 3 47 5.5 +1.6
EXT WisdomTree U.S. Total Earnings Fund 25.1 28 22 5.8 +1.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 25.1 52 -2 5.4 +1.5
PBUS Invesco PureBeta MSCI USA ETF 25.0 4 46 5.4 +1.5
SHE SPDR SSGA Gender Diversity Index ETF 24.9 20 30 5.5 +1.6
VV Vanguard Large-Cap Index Fund 24.8 4 46 5.4 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 24.5 75 -25 4.6 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.5 2 48 5.4 +1.5
ESGU iShares MSCI USA ESG Optimized ETF 24.1 15 35 5.2 +1.3
ECOZ TrueMark ESG Active Opportunities ETF 24.1 58 -8 4.4 +0.5
JHMC John Hancock Multifactor Consumer Discretionary ETF 24.0 40 10 4.5 +0.6
RFFC RiverFront Dynamic US Flex-Cap ETF 24.0 52 -2 5.5 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 24.0 12 38 5.3 +1.3
SCHX Schwab U.S. Large-Cap ETF 23.9 3 47 5.4 +1.5
QLV FlexShares US Quality Low Volatility Index Fund 23.9 22 28 5.2 +1.2
FDMO Fidelity Momentum Factor ETF 23.8 29 21 3.9 +0.0
SPTM SPDR Portfolio Total Stock Market ETF 23.7 3 47 5.6 +1.7
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 23.7 49 1 4.8 +0.9
BUYZ Franklin Disruptive Commerce ETF 23.6 50 0 -0.1 -4.1
FDLO Fidelity Low Volatility Factor ETF 23.6 29 21 5.2 +1.3

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Infusive Compounding Global Equities 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 29.3 %
Divided by: Fwd. P/BV 6.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.51
 
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.