Esoterica NextG Economy ETF
ALTAR
Score™		 1.6% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 55.1x P/Sales
ratio		 7.8x
P/BV
ratio		 9.9x Div.
yield		 0.5%


  • 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) $12
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 34
Wgt avg mkt cap (mns) $296,872
Large cap (>$10bn) 93.5%
Mid cap ($2-10bn) 5.8%
Small cap (<$2bn) 0.0%
Developed mkts 78.6%
Emerging mkts 21.4%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 8.4 %
MEITUAN DIANPING 6.5 %
TAIWAN SEMICONDUCTOR MANUFAC 6.1 %
QUALCOMM INC 5.8 %
SEA LTD. (SINGAPORE) SPONSORED ADR 5.5 %
AMAZON.COM INC 4.1 %
MICROSOFT CORP 3.7 %
NVIDIA CORP 3.7 %
MARVELL TECHNOLOGY GROUP LTD 3.4 %
ALPHABET INC. CLASS C 3.2 %
Total 50.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 58.0 %
CHINA 16.4 %
TAIWAN 8.6 %
SINGAPORE 5.5 %
BERMUDA 3.4 %
BRITAIN 1.9 %
NETHERLANDS 1.8 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
72.6% -- -- -- 72.6%

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

Technical Indicators
Recent close $41.79
30d moving avg. $42.27
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 8
Turnover 2.9%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $6,924

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 1.6%


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 34.9 68 7 4.2 +2.6
XNTK SPDR NYSE Technology ETF 30.9 35 40 4.1 +2.5
OGIG O'Shares Global Internet Giants ETF 30.8 48 27 0.8 -0.8
JKE iShares Morningstar Large-Cap Growth ETF 28.7 25 50 2.8 +1.2
LRNZ TrueMark Technology, AI & Deep Learning ETF 28.7 68 7 0.2 -1.4
TECB iShares US Tech Breakthrough Multisector ETF 27.0 40 35 4.8 +3.2
IGM iShares Expanded Tech Sector ETF 26.1 46 29 5.4 +3.8
GDAT Goldman Sachs Motif Data-Driven World Etf 25.3 50 25 5.3 +3.7
TTTN UP Fintech China-U.S. Internet Titans ETF 25.0 59 16 4.2 +2.6
GBGR Global Beta Momentum-Growth ETF 25.0 29 46 4.4 +2.8
IETC iShares Evolved U.S. Technology ETF 24.8 18 57 6.0 +4.4
SOXX iShares PHLX Semiconductor ETF 24.3 46 29 5.2 +3.6
SYG SPDR MFS Systematic Growth Equity ETF 23.7 60 15 5.5 +3.9
SKYY First Trust Cloud Computing ETF 23.0 60 15 2.3 +0.7
SMH VanEck Vectors Semiconductor ETF 22.9 35 40 5.3 +3.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 22.7 57 18 5.4 +3.8
IYW iShares U.S. Technology ETF 22.6 43 32 7.3 +5.7
MMLG First Trust Multi-Manager Large Growth ETF 22.4 85 -10 2.6 +1.0
QQQ Invesco QQQ Trust 22.3 20 55 5.8 +4.2
QYLD Global X NASDAQ 100 Covered Call ETF 22.2 60 15 5.4 +3.8
NUSI Nationwide Risk-Managed Income ETF 22.2 68 7 5.4 +3.8
GVIP Goldman Sachs Hedge Industry VIP ETF 22.1 45 30 4.0 +2.4
THNQ ROBO Global Artificial Intelligence ETF 22.1 68 7 1.6 0.0
IWY iShares Russell Top 200 Growth ETF 21.5 20 55 6.1 +4.5
MGK Vanguard Mega Cap Growth ETF 21.4 7 68 6.1 +4.5
LRGE ClearBridge Large Cap Growth ESG ETF 21.1 59 16 4.5 +2.9
ESPO VanEck Vectors Video Gaming & eSports ETF 20.9 55 20 2.7 +1.1
TMFC Motley Fool 100 Index ETF 20.7 50 25 5.2 +3.6
XSD SPDR S&P Semiconductor ETF 20.6 35 40 4.0 +2.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 20.6 15 60 5.1 +3.5
VOOG Vanguard S&P 500 Growth ETF 20.6 10 65 5.8 +4.2
FTXL First Trust Nasdaq Semiconductor ETF 20.3 60 15 5.2 +3.6
FIVG Defiance Next Gen Connectivity ETF 20.3 30 45 5.0 +3.4
ARKF ARK Fintech Innovation ETF 20.3 75 0 0.7 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 20.3 4 71 5.9 +4.3
IWF iShares Russell 1000 Growth ETF 20.3 19 56 5.6 +4.0
IVW iShares S&P 500 Growth ETF 20.2 18 57 5.7 +4.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 20.2 21 54 3.6 +2.0
PNQI Invesco NASDAQ Internet ETF 20.2 60 15 1.1 -0.5
VONG Vanguard Russell 1000 Growth Index Fund 20.0 8 67 5.7 +4.1
CACG ClearBridge All Cap Growth ETF 19.9 54 21 4.6 +3.0
JHMT John Hancock Multifactor Technology ETF 19.9 40 35 6.1 +4.5
VUG Vanguard Growth Index Fund 19.8 4 71 5.6 +4.0
IUSG iShares Core S&P US Growth ETF 19.8 4 71 5.8 +4.2
SFYF SoFi 50 ETF 19.3 29 46 2.7 +1.1
GBUY Goldman Sachs Motif New Age Consumer ETF 19.1 50 25 1.8 +0.2
XLG Invesco S&P 500 Top 50 ETF 18.6 20 55 5.9 +4.3
SCHG Schwab U.S. Large-Cap Growth ETF 18.5 4 71 5.5 +3.9
BUYZ Franklin Disruptive Commerce ETF 18.1 50 25 -0.1 -1.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.0 12 63 6.2 +4.6
OEF iShares S&P 100 ETF 17.9 20 55 5.8 +4.2
FFTY Innovator IBD 50 ETF 17.9 80 -5 4.6 +3.0
ENTR Entrepreneur 30 Fund 17.9 49 26 1.4 -0.2
HIPR Direxion High Growth ETF 17.7 40 35 6.9 +5.3
ADME Aptus Drawdown Managed Equity ETF 17.6 79 -4 4.3 +2.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 17.5 12 63 5.0 +3.4
SFY SoFi Select 500 ETF 17.5 0 75 5.6 +4.0
BOUT Innovator IBD Breakout Opportunities ETF 17.4 84 -9 5.6 +4.0
PLAT WisdomTree Modern Tech Platforms Fund 17.3 20 55 1.9 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 17.3 32 43 5.6 +4.0
IWL iShares Russell Top 200 ETF 17.2 15 60 5.8 +4.2
IXN iShares Global Tech ETF 17.2 46 29 7.1 +5.5
ARKW ARK Web x.0 ETF 17.2 76 -1 -0.9 -2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 17.1 27 48 5.7 +4.1
ESGV Vanguard ESG U.S. Stock ETF 17.0 12 63 5.8 +4.2
VEGN US Vegan Climate ETF 17.0 60 15 5.7 +4.1
BKLC BNY Mellon US Large Cap Core Equity ETF 17.0 0 75 6.0 +4.4
FMK First Trust Mega Cap AlphaDEX Fund 16.9 70 5 4.9 +3.3
SPXN ProShares S&P 500 Ex-Financials ETF 16.9 27 48 5.8 +4.2
DWLD Davis Select Worldwide ETF 16.8 63 12 6.6 +5.0
GENY Principal Millennials Index ETF 16.7 45 30 4.2 +2.6
FXL First Trust Technology AlphaDEX Fund 16.6 61 14 3.6 +2.0
MGC Vanguard Mega Cap Index Fund 16.6 7 68 5.9 +4.3
NXTG First Trust Indxx NextG ETF 16.5 70 5 6.0 +4.4
SYE SPDR MFS Systematic Core Equity ETF 16.5 60 15 6.6 +5.0
EFIV SPDR S&P 500 ESG ETF 16.4 10 65 6.0 +4.4
SNPE Xtrackers S&P 500 ESG ETF 16.4 10 65 6.0 +4.4
KOIN Innovation Shares NextGen Protocol ETF 16.4 95 -20 4.1 +2.5
ESGU iShares MSCI USA ESG Optimized ETF 16.2 15 60 5.7 +4.1
FTEC Fidelity MSCI Information Technology Index ETF 16.2 8 67 8.1 +6.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.2 60 15 5.4 +3.8
FDMO Fidelity Momentum Factor ETF 16.2 29 46 4.2 +2.6
VGT Vanguard Information Technology Index Fund 16.1 10 65 8.1 +6.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.0 49 26 5.6 +4.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.0 20 55 5.6 +4.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 15.9 7 68 5.9 +4.3
FDN First Trust Dow Jones Internet Index Fund 15.9 52 23 2.2 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 15.9 27 48 6.0 +4.4
XITK SPDR FactSet Innovative Technology ETF 15.9 45 30 0.5 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.9 20 55 6.0 +4.4
PBUS Invesco PureBeta MSCI USA ETF 15.9 4 71 5.9 +4.3
CATH Global X S&P 500 Catholic Values Custom ETF 15.8 29 46 5.8 +4.2
PBP Invesco S&P 500 BuyWrite ETF 15.8 49 26 5.6 +4.0
AIEQ AI Powered Equity ETF 15.8 87 -12 2.8 +1.2
SPLG SPDR Portfolio Large Cap ETF 15.7 3 72 6.0 +4.4
HSPX Global X S&P 500 Covered Call ETF 15.7 60 15 5.4 +3.8
FDNI First Trust Dow Jones International Internet ETF 15.7 65 10 2.2 +0.6
SPY SPDR S&P 500 ETF Trust 15.7 9 66 6.0 +4.4
IVV iShares Core S&P 500 ETF 15.7 3 72 6.0 +4.4
WFH Direxion Work From Home ETF 15.7 45 30 5.7 +4.1

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 20.6 %
Divided by: Fwd. P/BV 8.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 1.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.32 CATEGORY
AVERAGE		 1.51
 
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.