SPDR S&P Telecom ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.6x P/Sales
ratio
1.4x
P/BV
ratio
1.9x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Telecom ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Telecom Select Industry Index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Jan 27, 2011
Assets (mns) $48
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 43
Wgt avg mkt cap (mns) $30,161
Large cap (>$10bn) 25.3%
Mid cap ($2-10bn) 50.4%
Small cap (<$2bn) 24.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SPRINT CORP. 5.0 %
IRIDIUM COMMUNICATIONS INC. 3.9 %
T-MOBILE US, INC. 3.8 %
VONAGE HOLDINGS CORP. 3.8 %
BANDWIDTH INC. CLASS A 3.6 %
LUMENTUM HOLDINGS, INC. 3.5 %
ARISTA NETWORKS, INC. 3.4 %
MOTOROLA SOLUTIONS 3.4 %
GCI LIBERTY, INC. CLASS A 3.4 %
COMMSCOPE HOLDING CO INC 3.1 %
Total 36.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.0% 1.1% 5.6% -- 4.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 69%
MSCI EAFE 0.84 40%
MSCI Emg. Mkts. 0.52 27%

Technical Indicators
Recent close $73.94
30d moving avg. $71.39
Annualized volatility 14.7%
Short interest (ETF) 0.4%
Short interest (Underlying) 6.2%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $3,807

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR S&P Telecom ETF ETF based on the alternatives' overlap in portfolio holdings with XTL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XTL Expense: 35 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XTL
Ticker Fund
Name
Overlap1
vs XTL
(%)
Expense
ratio
(bp)
Savings
vs XTL
(bp)
ALTAR
Score™
(%)
ALTAR
vs XTL
(%)
IYZ iShares U.S. Telecommunications 51.7 42 -7 7.4 +2.6
IGN iShares S&P N. American Tech- MM & Networking 51.6 46 -11 6.1 +1.3
PXQ Invesco Dynamic Networking 21.1 63 -28 3.7 -1.1
FXU First Trust Utilities Alphadex 20.6 63 -28 4.5 -0.3
FIVG Defiance Next Gen Connectivity ETF 19.5 30 5 4.8 +0.1
JHCS John Hancock Multifactor Media & Communications 14.3 40 -5 5.5 +0.7
FCOM Fidelity MSCI Communication Services 13.1 8 27 4.9 +0.1
EWCO Invesco S&P 500 Equal Weight Comm. Services 12.7 40 -5 6.2 +1.4
VOX Vanguard Communication Services 12.4 10 25 4.8 +0.0
PSCU Invesco S&P Small Cap Utilities 12.2 29 6 2.4 -2.4
UFO Procure Space 11.7 75 -40 2.1 -2.7
XLC Communication Services Select Sector SPDR 11.0 13 22 5.7 +0.9
FDN First Trust DJ Internet 10.4 52 -17 2.9 -1.9
FONE First Trust Cea Smartphone 9.9 70 -35 5.5 +0.7
FMK First Trust Mega Cap AlphaDEX 9.3 70 -35 5.3 +0.5
TDIV First Trust NASDAQ Technology Dividend 9.2 50 -15 6.4 +1.6
FITE SPDR Kensho Future Security 9.2 45 -10 4.2 -0.6
HDV iShares High Dividend 9.0 8 27 7.0 +2.2
PWV Invesco Dynamic Large Cap Value 8.9 55 -20 8.4 +3.6
ACIO Aptus Collared Income Opportunity 8.7 79 -44 7.2 +2.4

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:
SPDR S&P Telecom 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 9.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.56
 
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.