Global X Social Media
ALTAR
Score™
3.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
35.2x P/Sales
ratio
4.5x
P/BV
ratio
4.1x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Social Media ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Solactive Social Media Index.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Nov 15, 2011
Assets (mns) $141
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 41
Wgt avg mkt cap (mns) $170,911
Large cap (>$10bn) 80.0%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 2.6%
Developed mkts 60.1%
Emerging mkts 39.9%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.6 %
FACEBOOK 10.0 %
NHN CORP 7.7 %
TWITTER INC 7.2 %
SNAP, INC. CLASS A 7.0 %
BAIDU INC - SPON ADR 5.6 %
SPOTIFY TECHNOLOGY SA 5.5 %
NETEASE.COM INC-ADR 5.0 %
YANDEX NV-A 4.9 %
IAC/INTERACTIVECORP 4.8 %
Total 68.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 41.2 %
CHINA 28.5 %
SOUTH KOREA 10.5 %
JAPAN 6.0 %
LUXEMBOURG 5.5 %
NETHERLANDS 4.9 %
GERMANY 1.9 %
CYPRUS 1.6 %
TAIWAN 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
25.7% 25.7% 14.3% -- 12.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 46%
MSCI EAFE 1.06 41%
MSCI Emg. Mkts. 0.85 46%

Technical Indicators
Recent close $37.49
30d moving avg. $34.74
Annualized volatility 18.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 84

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $7,891

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SOCL Expense: 65 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SOCL
Ticker Fund
Name
Overlap1
vs SOCL
(%)
Expense
ratio
(bp)
Savings
vs SOCL
(bp)
ALTAR
Score™
(%)
ALTAR
vs SOCL
(%)
PLAT WisdomTree Modern Tech Platforms 32.2 45 20 2.7 -1.1
EMQQ Emerging Markets Internet & E-Commerce 31.2 86 -21 3.2 -0.6
PBS Invesco Dyn Media Port 31.0 63 2 3.0 -0.8
FDNI First Trust Dow Jones International Internet 29.0 65 0 3.8 -0.1
TTTN TigerShares China-U.S. Internet Titans 28.5 59 6 3.6 -0.2
CHIC Global X MSCI China Communication Services 26.5 65 0 4.7 +0.9
OGIG O'Shares Global Internet Giants 26.1 48 17 1.2 -2.6
CQQQ Invesco China Technology 25.9 70 -5 4.6 +0.8
KWEB KraneShares CSI China Internet 25.6 76 -11 3.5 -0.3
PNQI Invesco Nasdaq Internet 25.3 62 3 2.4 -1.4
GIGE SoFi Gig Economy 24.6 59 6 0.3 -3.5
IXP iShares S&P Global Comm. Services 20.8 46 19 5.9 +2.1
GBUY Goldman Sachs Motif New Age Consumer 20.7 50 15 2.7 -1.1
KEMQ KraneShares EM Consumer Focus 20.6 80 -15 8.3 +4.5
ESPO VanEck Vectors Video Gaming & eSports 19.7 55 10 3.2 -0.7
VOX Vanguard Communication Services 19.1 10 55 4.8 +1.0
FCOM Fidelity MSCI Communication Services 18.9 8 57 4.9 +1.1
FDN First Trust DJ Internet 18.6 52 13 2.9 -0.9
XLC Communication Services Select Sector SPDR 17.8 13 52 5.7 +1.9
IRBO iShares Robotics and Artificial Intelligence 17.2 47 18 2.8 -1.0

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 Social Media
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 16.1 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.54
 
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.