Global X Scientific Beta US
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.5x P/Sales
ratio
2.0x
P/BV
ratio
2.7x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Scientific Beta US ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Scientific Beta United States Multi-Beta Multi-Strategy Equal Risk Contribution Index.

FUND BASICS
Category US Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 13, 2015
Assets (mns) $99
Currency USD
Expense ratio 19 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 386
Wgt avg mkt cap (mns) $67,547
Large cap (>$10bn) 93.5%
Mid cap ($2-10bn) 6.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DUKE ENERGY CORP 1.1 %
DOMINION RESOURCES INC/VA 1.0 %
SOUTHERN CO 1.0 %
CME GROUP INC 0.8 %
TARGET CORP 0.8 %
ENTERGY CORP 0.8 %
FIRSTENERGY CORP 0.7 %
NIKE INC -CL B 0.7 %
WAL-MART STORES INC 0.7 %
AMEREN CORPORATION 0.7 %
Total 8.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
IRELAND 1.7 %
BRITAIN 1.6 %
BERMUDA 1.0 %
SWITZERLAND 0.5 %
ISRAEL 0.5 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.0% 13.4% -- -- 9.0%

Market Correlations
versus... Beta R-squared
S&P500 0.88 95%
MSCI EAFE 0.80 67%
MSCI Emg. Mkts. 0.54 48%

Technical Indicators
Recent close $34.87
30d moving avg. $34.31
Annualized volatility 10.8%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $118,219

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SCIU Expense: 19 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCIU
Ticker Fund
Name
Overlap1
vs SCIU
(%)
Expense
ratio
(bp)
Savings
vs SCIU
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCIU
(%)
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 62.1 9 10 5.9 +0.3
RSP Invesco S&P 500 Equal Weight 60.8 20 -1 6.7 +1.0
JPUS JPMorgan Diversified Return U.S. Equity 54.8 19 0 6.2 +0.6
EUSA iShares MSCI USA Equal Weight 54.7 15 4 6.3 +0.7
SIZE iShares MSCI USA Size Factor 54.0 15 4 6.2 +0.6
JHML John Hancock Multifactor Large Cap 53.1 34 -15 5.9 +0.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core 51.9 17 2 6.9 +1.3
CFA Compass EMP US 500 Volatility Weighted 51.8 35 -16 6.0 +0.4
CFO Victory CEMP US 500 Enhanced Volatility Wtd 51.8 35 -16 6.0 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 51.4 9 10 6.0 +0.4
RBUS Nationwide Risk-Based U.S. Equity 51.3 30 -11 6.0 +0.4
RNLC Large Cap US Equity Select 50.4 60 -41 6.2 +0.6
FEX First Trust Large Cap Core Alphadex 49.6 61 -42 6.2 +0.6
DEUS Xtrackers Russell 1000 Comprehensive Factor 47.6 17 2 6.3 +0.7
QUS SPDR MSCI USA Quality Mix 46.3 15 4 5.9 +0.3
DYNF BlackRock U.S. Equity Factor Rotation 45.7 30 -11 6.4 +0.8
PBP Invesco S&P 500 Buy/Write 45.2 49 -30 5.4 -0.2
VV Vanguard Large-Cap ETF 44.8 4 15 5.7 +0.1
HSPX Global X S&P 500 Covered Call 44.8 65 -46 5.3 -0.4
IVV iShares Core S&P 500 44.7 4 15 5.8 +0.2

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:
Global X Scientific Beta US
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 14.3 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.56
 
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.