Global X Internet of Things Thematic
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
21.0x P/Sales
ratio
2.6x
P/BV
ratio
3.2x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Internet of Things Thematic ETF seeks to invest in companies that stand to potentially benefit from the broader adoption of the Internet of Things (IoT). This includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet.

FUND BASICS
Category Global Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Sep 12, 2016
Assets (mns) $130
Currency USD
Expense ratio 68 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $30,089
Large cap (>$10bn) 54.8%
Mid cap ($2-10bn) 35.1%
Small cap (<$2bn) 10.1%
Developed mkts 93.3%
Emerging mkts 6.7%

TOP TEN HOLDINGS
DEXCOM INC 7.5 %
STMICROELECTRONICS NV 7.4 %
SKYWORKS SOLUTIONS INC 6.8 %
GARMIN LTD 6.3 %
SENSATA TECHNOLOGIES HOLDING 5.6 %
CYPRESS SEMICONDUCTOR CORP 5.5 %
ADVANTECH CO LTD 5.1 %
ADT, INC. 4.6 %
SILICON LABORATORIES INC 3.1 %
AMS AG 2.7 %
Total 54.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.5 %
SWITZERLAND 17.6 %
TAIWAN 6.6 %
BRITAIN 5.9 %
FRANCE 3.2 %
AUSTRIA 2.8 %
NETHERLANDS 2.0 %
IRELAND 1.9 %
CHINA 1.6 %
JAPAN 1.5 %

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.
43.0% 29.9% -- -- 14.8%

Market Correlations
versus... Beta R-squared
S&P500 1.29 72%
MSCI EAFE 1.23 55%
MSCI Emg. Mkts. 0.92 49%

Technical Indicators
Recent close $22.85
30d moving avg. $22.35
Annualized volatility 18.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 65
Turnover 1.1%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $6,778

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SNSR Expense: 68 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SNSR
Ticker Fund
Name
Overlap1
vs SNSR
(%)
Expense
ratio
(bp)
Savings
vs SNSR
(bp)
ALTAR
Score™
(%)
ALTAR
vs SNSR
(%)
XKII SPDR Kensho Intelligent Structures 21.7 45 23 6.5 +1.1
XSD SPDR S&P Semiconductors 17.0 35 33 5.1 -0.3
GMAN Goldman Sachs Motif Manufacturing Revolution 15.8 50 18 4.8 -0.6
PSI Invesco Dynamic Semiconductors 15.6 58 10 5.9 +0.5
FONE First Trust Cea Smartphone 14.8 70 -2 6.5 +1.0
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure 14.3 70 -2 5.0 -0.4
DRIV Global X Autonomous & Electric Vehicles 14.2 68 0 7.6 +2.2
PZD Invesco Cleantech 13.6 68 0 4.7 -0.7
IDRV iShares Self-driving EV & Tech 12.8 47 21 9.0 +3.6
FTXL First Trust Nasdaq Semiconductor 12.7 60 8 6.6 +1.2
QTEC First Trust NASDAQ 100 Tech 12.4 57 11 6.1 +0.7
FIVG Defiance Next Gen Connectivity ETF 12.1 30 38 6.3 +0.9
GDAT Goldman Sachs Motif Data-Driven World 11.6 50 18 6.0 +0.6
DTEC ALPS Disruptive Technologies 11.6 50 18 3.5 -1.9
SOXX iShares PHLX SOX Semiconductor 11.2 46 22 6.2 +0.8
QTUM Defiance Quantum 11.1 40 28 6.5 +1.1
KARS KraneShares Electric Vehicles & Future Mobility Index 10.6 70 -2 6.6 +1.2
SMH VanEck Vectors Semiconductors 10.1 35 33 6.4 +1.0
JHMT John Hancock Multifactor Technology 9.9 40 28 6.1 +0.7
IRBO iShares Robotics and Artificial Intelligence 9.8 47 21 2.0 -3.4

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 Internet of Things Thematic
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 17.3 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.