U.S. Global Sea to Sky Cargo ETF
ALTAR
Score™
37.5% info Recommen-
dation
SPECULATIVE
2025E    2026E
P/E
ratio
6.8x P/Sales
ratio
0.8x
P/BV
ratio
0.8x Div.
yield
7.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SEA tracks an index of water and air cargo companies from around the world. Stocks are weighted in fixed tiers, taking into consideration composite scores based on fundamental factors.

FUND BASICS
Category Global Equities
Fund Sponsor US Global Investors
Website www.usglobaletfs.com/fund/sea/
Inception date Jan 20, 2022
Assets (mns) $7
Currency USD
Expense ratio 60 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $15,380
Large cap (>$10bn) 41.6%
Mid cap ($2-10bn) 44.8%
Small cap (<$2bn) 13.6%
Developed mkts 83.4%
Emerging mkts 16.6%

TOP TEN HOLDINGS
HOEGH AUTOLINERS ASA 5.8 %
YANG MING MARINE TRANSPORT 5.2 %
EVERGREEN MARINE 5.0 %
A.P. MOLLER - MAERSK A/S CLASS B 4.9 %
HYUNDAI MERCHANT MARINE 4.5 %
HAFNIA LTD. 4.5 %
SCORPIO TANKERS INC 4.3 %
WAN HAI LINES LIMITED 4.2 %
CHINA COSCO HOLDINGS-H 4.1 %
ORIENT OVERSEAS INTL LTD 3.9 %
Total 46.4 %

TOP COUNTRY EXPOSURE
TAIWAN 14.4 %
UNITED STATES 12.0 %
HONG KONG 11.0 %
CHINA 8.9 %
DENMARK 8.2 %
NORWAY 7.7 %
SINGAPORE 4.6 %
SOUTH KOREA 4.6 %
MONACO 4.3 %
BRITAIN 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.3% -18.3% -- -- -6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.07 40%
MSCI EAFE 1.25 56%
MSCI Emg. Mkts. 1.08 42%

Technical Indicators
Recent close $12.69
30d moving avg. $12.60
Annualized volatility 28.9%
Short interest (ETF) 2.4%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 8
Turnover 1.5%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $1,473

Distributions


! There were no matches found with other funds under coverage.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
U.S. Global Sea to Sky Cargo ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 30.4 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 37.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 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.