Esoterica NextG Economy ETF
ALTAR
Score™		 1.3% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 62.1x P/Sales
ratio		 9.5x
P/BV
ratio		 11.6x Div.
yield		 0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WUGI is an actively managed fund of global companies that are involved in the 5G-enabled digital economy.

FUND BASICS
Category Global Equities
Fund Sponsor Esoterica Capital LLC
Website www.esotericacap.com
Inception date Mar 31, 2020
Assets (mns) $14
Currency USD
Expense ratio 75 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $306,289
Large cap (>$10bn) 96.0%
Mid cap ($2-10bn) 3.0%
Small cap (<$2bn) 0.0%
Developed mkts 78.8%
Emerging mkts 21.3%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 8.5 %
MEITUAN DIANPING 7.1 %
QUALCOMM INC 6.7 %
SEA LTD. (SINGAPORE) SPONSORED ADR 6.3 %
TAIWAN SEMICONDUCTOR MANUFAC 5.9 %
AMAZON.COM INC 3.7 %
MARVELL TECHNOLOGY GROUP LTD 3.5 %
NVIDIA CORP 3.4 %
MICROSOFT CORP 3.4 %
ALPHABET INC. CLASS C 3.3 %
Total 51.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 58.5 %
CHINA 15.2 %
TAIWAN 8.7 %
SINGAPORE 6.3 %
BERMUDA 3.5 %
NETHERLANDS 2.9 %
BRITAIN 2.1 %




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.
67.7% -- -- -- 67.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $47.31
30d moving avg. $45.66
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.7%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $62,343

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Esoterica NextG Economy ETF ETF based on the alternatives' overlap in portfolio holdings with WUGI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WUGI Expense: 75 bp ALTAR Score™: 1.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WUGI
Ticker Fund
Name		 Overlap1
vs WUGI
(%)		 Expense
ratio
(bp)		 Savings
vs WUGI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs WUGI
(%)
AIQ Global X Future Analytics Tech ETF 35.7 68 7 3.8 +2.6
XNTK SPDR NYSE Technology ETF 30.4 35 40 3.3 +2.0
JKE iShares Morningstar Large-Cap Growth ETF 28.9 25 50 2.9 +1.6
OGIG O'Shares Global Internet Giants ETF 28.6 48 27 0.7 -0.6
IGM iShares Expanded Tech Sector ETF 28.1 46 29 3.6 +2.3
TECB iShares US Tech Breakthrough Multisector ETF 27.6 40 35 3.9 +2.6
IETC iShares Evolved U.S. Technology ETF 26.0 18 57 3.7 +2.4
LRNZ TrueMark Technology, AI & Deep Learning ETF 25.3 68 7 0.1 -1.2
MMLG First Trust Multi-Manager Large Growth ETF 24.7 85 -10 2.0 +0.8
SYG SPDR MFS Systematic Growth Equity ETF 24.2 60 15 4.1 +2.8
TTTN UP Fintech China-U.S. Internet Titans ETF 23.7 59 16 4.7 +3.4
IWY iShares Russell Top 200 Growth ETF 23.3 20 55 3.8 +2.5
IYW iShares U.S. Technology ETF 23.2 43 32 3.7 +2.5
GVIP Goldman Sachs Hedge Industry VIP ETF 23.1 45 30 3.5 +2.2
QQQM Invesco NASDAQ 100 ETF 23.0 15 60 3.8 +2.5
QQQ Invesco QQQ Trust 23.0 20 55 3.8 +2.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 23.0 60 15 3.4 +2.1
QYLD Global X NASDAQ 100 Covered Call ETF 23.0 60 15 3.4 +2.1
SKYY First Trust Cloud Computing ETF 23.0 60 15 2.1 +0.8
MGK Vanguard Mega Cap Growth ETF 22.9 7 68 3.9 +2.6
SOXX iShares PHLX Semiconductor ETF 22.8 46 29 5.0 +3.7
NUSI Nationwide Risk-Managed Income ETF 22.8 68 7 3.5 +2.2
FTXL First Trust Nasdaq Semiconductor ETF 22.8 60 15 3.9 +2.6
SCHG Schwab U.S. Large-Cap Growth ETF 22.5 4 71 3.4 +2.1
SPMO Invesco S&P 500 Momentum ETF 22.3 13 62 4.0 +2.7
TMFC Motley Fool 100 Index ETF 22.1 50 25 3.3 +2.0
IWF iShares Russell 1000 Growth ETF 21.7 19 56 3.7 +2.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 21.6 57 18 4.6 +3.4
LRGE ClearBridge Large Cap Growth ESG ETF 21.5 59 16 3.6 +2.3
SMH VanEck Vectors Semiconductor ETF 21.5 35 40 4.9 +3.6
VONG Vanguard Russell 1000 Growth Index Fund 21.3 8 67 3.8 +2.5
VOOG Vanguard S&P 500 Growth ETF 21.3 10 65 4.2 +2.9
ESPO VanEck Vectors Video Gaming & eSports ETF 21.2 55 20 3.2 +1.9
VUG Vanguard Growth Index Fund 21.0 4 71 3.7 +2.5
ARKF ARK Fintech Innovation ETF 21.0 75 0 0.3 -1.0
SFYF SoFi 50 ETF 20.9 29 46 1.1 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 20.8 4 71 4.2 +2.9
IVW iShares S&P 500 Growth ETF 20.8 18 57 4.1 +2.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 20.8 21 54 2.9 +1.6
THNQ ROBO Global Artificial Intelligence ETF 20.6 68 7 1.5 +0.2
BUYZ Franklin Disruptive Commerce ETF 20.4 50 25 -0.2 -1.5
IUSG iShares Core S&P US Growth ETF 20.2 4 71 4.2 +2.9
MTUM iShares MSCI USA Momentum Factor ETF 19.9 15 60 4.1 +2.8
JHMT John Hancock Multifactor Technology ETF 19.8 40 35 4.4 +3.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 19.7 12 63 4.2 +2.9
EEMO Invesco S&P Emerging Markets Momentum ETF 19.6 29 46 4.0 +2.8
CACG ClearBridge All Cap Growth ETF 19.6 54 21 4.1 +2.8
FXL First Trust Technology AlphaDEX Fund 19.6 61 14 3.7 +2.5
XLG Invesco S&P 500 Top 50 ETF 19.4 20 55 4.3 +3.1
FIVG Defiance Next Gen Connectivity ETF 19.3 30 45 4.5 +3.2
ESGV Vanguard ESG U.S. Stock ETF 19.3 12 63 4.8 +3.5
PNQI Invesco NASDAQ Internet ETF 19.2 60 15 1.2 -0.1
SPQQ Siren Large Cap Blend Index ETF 19.1 20 55 4.5 +3.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.9 75 0 4.0 +2.7
GENY Principal Millennials Index ETF 18.9 45 30 3.6 +2.3
VEGN US Vegan Climate ETF 18.8 60 15 4.7 +3.5
SFY SoFi Select 500 ETF 18.6 0 75 4.8 +3.5
OEF iShares S&P 100 ETF 18.6 20 55 4.6 +3.3
IXN iShares Global Tech ETF 18.4 46 29 4.2 +2.9
XSD SPDR S&P Semiconductor ETF 18.2 35 40 3.6 +2.3
FTEC Fidelity MSCI Information Technology Index ETF 18.1 8 67 4.3 +3.0
IWL iShares Russell Top 200 ETF 18.0 15 60 4.7 +3.4
VGT Vanguard Information Technology Index Fund 18.0 10 65 4.3 +3.0
FDNI First Trust Dow Jones International Internet ETF 18.0 65 10 2.4 +1.1
HIPR Direxion High Growth ETF 17.9 40 35 4.4 +3.1
FDN First Trust Dow Jones Internet Index Fund 17.8 52 23 1.9 +0.6
PTF Invesco DWA Technology Momentum ETF 17.8 60 15 -0.8 -2.1
ADME Aptus Drawdown Managed Equity ETF 17.8 79 -4 3.5 +2.2
MGC Vanguard Mega Cap Index Fund 17.7 7 68 4.8 +3.6
XITK SPDR FactSet Innovative Technology ETF 17.6 45 30 0.5 -0.8
ANEW ProShares MSCI Transformational Changes ETF 17.5 45 30 3.1 +1.9
KOIN Innovation Shares NextGen Protocol ETF 17.4 95 -20 4.2 +2.9
BKLC BNY Mellon US Large Cap Core Equity ETF 17.4 0 75 4.8 +3.6
PLAT WisdomTree Modern Tech Platforms Fund 17.3 20 55 1.5 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 17.2 27 48 4.7 +3.4
SPXN ProShares S&P 500 Ex-Financials ETF 17.2 27 48 4.7 +3.4
ENTR Entrepreneur 30 Fund 17.1 49 26 1.0 -0.3
ESG FlexShares STOXX US ESG Impact Index Fund 17.0 32 43 4.8 +3.5
FDMO Fidelity Momentum Factor ETF 16.9 29 46 3.2 +1.9
FMK First Trust Mega Cap AlphaDEX Fund 16.8 70 5 4.8 +3.5
SYE SPDR MFS Systematic Core Equity ETF 16.8 60 15 5.4 +4.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.7 60 15 3.9 +2.6
ESGU iShares MSCI USA ESG Optimized ETF 16.6 15 60 4.7 +3.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.5 20 55 4.6 +3.4
GIGE SoFi Gig Economy ETF 16.5 59 16 -0.6 -1.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 16.4 7 68 4.9 +3.6
ECOZ TrueMark ESG Active Opportunities ETF 16.3 58 17 3.3 +2.0
PBUS Invesco PureBeta MSCI USA ETF 16.2 4 71 4.9 +3.6
PWB Invesco Dynamic Large Cap Growth ETF 16.2 56 19 3.3 +2.0
EFIV SPDR S&P 500 ESG ETF 16.2 10 65 4.8 +3.5
SNPE Xtrackers S&P 500 ESG ETF 16.1 10 65 4.8 +3.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.1 2 73 4.9 +3.6
SPXE ProShares S&P 500 Ex-Energy ETF 16.1 27 48 4.9 +3.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.0 20 55 5.0 +3.7
PBP Invesco S&P 500 BuyWrite ETF 16.0 49 26 4.7 +3.4
SCHX Schwab U.S. Large-Cap ETF 16.0 3 72 4.8 +3.6
VV Vanguard Large-Cap Index Fund 16.0 4 71 4.9 +3.6
HSPX Global X S&P 500 Covered Call ETF 15.9 60 15 4.6 +3.3

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Esoterica NextG Economy ETF
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 20.0 %
Divided by: Fwd. P/BV 9.8 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 1.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.30 CATEGORY
AVERAGE		 1.48
 
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.