Global X Scientific Beta Asia ex-Japan
ALTAR
Score™
6.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
17.4x P/Sales
ratio
1.7x
P/BV
ratio
1.3x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Scientific Beta Asia ex-Japan 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 Developed Asia-Pacific ex Japan Multi-Beta Multi-Strategy Equal Risk Contribution Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date May 13, 2015
Assets (mns) $2
Currency USD
Expense ratio 38 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 114
Wgt avg mkt cap (mns) $13,102
Large cap (>$10bn) 38.2%
Mid cap ($2-10bn) 61.6%
Small cap (<$2bn) 0.2%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
WILMAR INTERNATIONAL LTD 2.7 %
CLP HOLDINGS LTD 2.6 %
LINK REIT 2.0 %
SPARK NEW ZEALAND LIMITED 1.9 %
CAPITACOMMERCIAL TRUST 1.8 %
HONGKONG ELECTRIC HOLDINGS 1.8 %
CONTACT ENERGY LTD 1.7 %
HONG KONG & CHINA GAS 1.7 %
SINGAPORE EXCHANGE LTD 1.7 %
COCA-COLA AMATIL LIMITED 1.6 %
Total 19.5 %

TOP COUNTRY EXPOSURE
AUSTRALIA 41.4 %
HONG KONG 25.2 %
SINGAPORE 21.5 %
NEW ZEALAND 8.6 %
BERMUDA 1.5 %
THAILAND 0.8 %
LUXEMBOURG 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.
13.7% 10.6% -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.64 54%
MSCI EAFE 0.79 67%
MSCI Emg. Mkts. 0.68 80%

Technical Indicators
Recent close $24.31
30d moving avg. $24.34
Annualized volatility 10.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $2,978

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SCIX Expense: 38 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCIX
Ticker Fund
Name
Overlap1
vs SCIX
(%)
Expense
ratio
(bp)
Savings
vs SCIX
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCIX
(%)
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 38.8 19 19 6.5 +0.4
EPP iShares MSCI Pacific ex-Japan 38.4 48 -10 6.4 +0.2
FLAU Franklin FTSE Australia 27.8 9 29 6.0 -0.1
FPA First Trust Asia Pac Ex-Japan AlphaDEX 25.8 80 -42 8.8 +2.7
EWA iShares MSCI Australia 25.7 47 -9 5.7 -0.4
FLHK Franklin FTSE Hong Kong 22.5 9 29 7.6 +1.5
EWH iShares MSCI Hong Kong 22.1 48 -10 7.2 +1.1
IDHD Invesco S&P Intl Developed High Div Low Volatility 21.4 30 8 6.4 +0.3
FAUS First Trust Australia 20.3 80 -42 5.2 -0.9
EWS iShares MSCI Singapore 19.7 47 -9 8.0 +1.9
ZHOK SPDR Solactive Hong Kong 19.7 14 24 7.2 +1.1
AXJL WisdomTree Asia Pacific Ex-Japan 19.1 48 -10 9.2 +3.1
DRW WisdomTree Global ex-US Real Estate 17.7 58 -20 8.9 +2.7
HDMV First Trust Horizon Managed Volatility Developed Int'l 16.7 80 -42 6.0 -0.1
FHK First Trust Hong Kong 15.5 80 -42 9.5 +3.3
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 15.5 24 14 7.0 +0.8
DWMF WisdomTree International Multifactor Fund 14.8 38 0 6.4 +0.3
INTF iShares FactorSelect MSCI International 14.8 30 8 8.3 +2.1
IPAC iShares Core MSCI Pacific 14.7 9 29 7.4 +1.3
WPS iShares S&P Developed ex-US Property 14.7 48 -10 6.8 +0.7

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:
Global X Scientific Beta Asia ex-Japan
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.9 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.79 CATEGORY
AVERAGE
1.49
 
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.