Global X Uranium
ALTAR
Score™
1.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
17.5x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X Uranium ETF seeks to track the performance of Solactive Uranium Index.

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Nov 05, 2010
Assets (mns) $189
Currency USD
Expense ratio 69 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $16,650
Large cap (>$10bn) 40.9%
Mid cap ($2-10bn) 25.1%
Small cap (<$2bn) 34.1%
Developed mkts 80.3%
Emerging mkts 19.7%

TOP TEN HOLDINGS
CAMECO CORP 20.0 %
URANIUM PARTICIPATION CORP 6.7 %
NEXGEN ENERGY LTD. 5.6 %
ITOCHU CORP 5.4 %
CHEIL INDUSTRIES INC 5.3 %
MACQUARIE GROUP LTD 5.0 %
SUMITOMO CORP 4.8 %
BARRICK GOLD CORP 4.7 %
HYUNDAI ENGINEERING & CONST 4.5 %
GS ENGINEERING & CONSTRUCT 4.5 %
Total 66.6 %

TOP COUNTRY EXPOSURE
CANADA 45.6 %
SOUTH KOREA 18.1 %
JAPAN 14.5 %
BRITAIN 8.6 %
AUSTRALIA 5.8 %
UNITED STATES 2.5 %
CHINA 0.5 %
SOUTH AFRICA 0.4 %
HONG KONG 0.2 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.0% -8.3% 2.2% -- -15.4%

Market Correlations
versus... Beta R-squared
S&P500 0.88 11%
MSCI EAFE 1.10 14%
MSCI Emg. Mkts. 0.81 13%

Technical Indicators
Recent close $10.99
30d moving avg. $11.08
Annualized volatility 32.4%
Short interest (ETF) 1.4%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 84
Turnover 0.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $686

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: URA Expense: 69 bp ALTAR Score™: 1.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH URA
Ticker Fund
Name
Overlap1
vs URA
(%)
Expense
ratio
(bp)
Savings
vs URA
(bp)
ALTAR
Score™
(%)
ALTAR
vs URA
(%)
PICK iShares MSCI Global Select Metals & Mining 8.6 39 30 7.6 +6.0
MXI iShares S&P Global Materials 6.7 46 23 6.9 +5.3
NLR VanEck Vectors Nuclear Energy 6.0 60 9 9.9 +8.3
GUNR Flexshares Global Upstream Natural Resources 5.5 46 23 5.7 +4.1
FIVA Fidelity International Value Factor 5.1 39 30 9.5 +7.9
RING iShares MSCI Global Gold Miners 5.1 39 30 2.9 +1.3
EUDG WisdomTree Europe Dividend 5.1 58 11 6.5 +4.9
NANR SPDR S&P N. American Nat. Resources 4.9 35 34 4.2 +2.6
INTF iShares FactorSelect MSCI International 4.7 30 39 8.4 +6.8
SGDM Sprott Gold Miners 4.7 50 19 2.8 +1.2
GDX VanEck Vectors Gold Miners ETF 4.7 52 17 2.5 +0.9
EWU iShares MSCI United Kingdom 4.6 47 22 7.5 +5.9
IPKW Invesco International BuyBack Achievers Portfolio 4.3 55 14 9.0 +7.4
QGBR SPDR MSCI UK Quality Mix 4.3 14 55 7.9 +6.3
FLGB Franklin FTSE United Kingdom 4.2 9 60 7.9 +6.3
GRES Index IQ Global Resources 4.0 77 -8 6.2 +4.6
IDY Pacific Global International Equity Income 3.5 39 30 8.2 +6.6
EWJV iShares MSCI Japan Value 3.4 15 54 10.2 +8.6
FJP First Trust Japan AlphaDEX 3.4 80 -11 9.0 +7.4
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 3.3 20 49 8.6 +7.0

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%.

Content on this tab for subscribers only**

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 Uranium
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 2.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 1.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.