TigerShares China-U.S. Internet Titans
ALTAR
Score™
3.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
27.9x P/Sales
ratio
3.8x
P/BV
ratio
4.8x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The TigerShares China-U.S. Internet Titans ETF tracks a market-cap weighted index of the 10 largest internet companies in each of the Chinese and US markets.

FUND BASICS
Category Global Equities
Fund Sponsor TigerShares
Website www.tigershares.com
Inception date Nov 07, 2018
Assets (mns) $9
Currency USD
Expense ratio 59 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 21
Wgt avg mkt cap (mns) $297,322
Large cap (>$10bn) 88.7%
Mid cap ($2-10bn) 11.3%
Small cap (<$2bn) 0.0%
Developed mkts 58.6%
Emerging mkts 41.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.8 %
ALPHABET INC. CLASS C 8.6 %
FACEBOOK 8.3 %
TENCENT HOLDINGS LTD 7.9 %
AMAZON.COM INC 7.5 %
MEITUAN DIANPING 5.3 %
NETEASE.COM INC-ADR 4.7 %
58.COM INC. SPONSORED ADR CLASS A 4.3 %
BAIDU INC - SPON ADR 4.2 %
JD.COM INC-ADR 4.1 %
Total 63.9 %

TOP COUNTRY EXPOSURE
CHINA 50.3 %
UNITED STATES 45.4 %
ARGENTINA 3.7 %








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.
24.1% -- -- -- 14.9%

Market Correlations
versus... Beta R-squared
S&P500 1.39 85%
MSCI EAFE 1.72 76%
MSCI Emg. Mkts. 1.44 76%

Technical Indicators
Recent close $28.32
30d moving avg. $27.42
Annualized volatility 26.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $19,359

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the TigerShares China-U.S. Internet Titans ETF based on the alternatives' overlap in portfolio holdings with TTTN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TTTN Expense: 59 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TTTN
Ticker Fund
Name
Overlap1
vs TTTN
(%)
Expense
ratio
(bp)
Savings
vs TTTN
(bp)
ALTAR
Score™
(%)
ALTAR
vs TTTN
(%)
PNQI Invesco Nasdaq Internet 66.8 62 -3 2.8 -1.1
KWEB KraneShares CSI China Internet 46.7 76 -17 3.8 -0.0
EMQQ Emerging Markets Internet & E-Commerce 41.9 86 -27 3.8 -0.1
CQQQ Invesco China Technology 41.4 70 -11 5.2 +1.4
EBIZ Global X E-commerce 39.9 68 -9 2.8 -1.1
FDNI First Trust Dow Jones International Internet 38.5 65 -6 4.5 +0.6
PLAT WisdomTree Modern Tech Platforms 36.5 45 14 2.8 -1.1
PGJ Invesco Golden Dragon China 33.9 70 -11 3.7 -0.2
OGIG O'Shares Global Internet Giants 33.8 48 11 1.5 -2.4
FDN First Trust DJ Internet 32.1 52 7 3.3 -0.5
CXSE WisdomTree China ex-State Owned Enterprises 30.4 32 27 7.0 +3.1
KEMQ KraneShares EM Consumer Focus 29.7 80 -21 7.7 +3.8
SOCL Global X Social Media 29.0 65 -6 4.3 +0.5
DWLD Davis Select Worldwide 27.4 64 -5 6.0 +2.2
IXP iShares S&P Global Comm. Services 27.1 46 13 6.2 +2.3
FNI First Trust ISE Chindia 26.7 59 0 4.0 +0.1
CHIC Global X MSCI China Communication Services 26.5 65 -6 5.4 +1.5
GIGE SoFi Gig Economy 26.5 59 0 0.4 -3.5
CHIL Global X MSCI China Large-Cap 50 26.4 29 30 10.3 +6.5
GBUY Goldman Sachs Motif New Age Consumer 25.1 50 9 3.0 -0.9

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:
TigerShares China-U.S. Internet Titans
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 18.2 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.31 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.