ECON

Columbia Emerging Markets Consumer ETF

The Columbia Emerging Markets Consumer ETF& tracks a market-cap-weighted index of 30 leading emerging markets companies in the consumer goods & services industry.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

EWEB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorColumbia
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateSep 14, 2010
Assets (mns)$83
Expense ratio49 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TENCENT HOLDINGS LTD 4.9 %
MEITUAN DIANPING 4.8 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 4.5 %
HINDUSTAN UNILEVER LIMITED 4.5 %
JD.COM INC-ADR 3.9 %
CHUNGHWA TELECOM CO., LTD 3.7 %
BAIDU INC - SPON ADR 3.6 %
SAUDI TELECOM CO. 3.5 %
PINDUODUO, INC. SPONSORED ADR CLASS A 3.4 %
MAHINDRA & MAHINDRA LTD. UNSPONSORED GDR 3.3 %
Constituent Breakdown
Number of holdings62
Herfindahl-Hirschman Index 265
Wgt avg mkt cap (mns)$51,411
Large cap (>$10bn)54.8%
Mid cap ($2-10bn)13.6%
Small cap (<$2bn)0.0%
Developed mkts.11.2%
Emerging mkts.88.8%
Country Exposure
CHINA 42.1 %
INDIA 18.5 %
TAIWAN 12.3 %
SAUDI ARABIA 4.9 %
BRAZIL 3.8 %
THAILAND 3.3 %
INDONESIA 3.1 %
MEXICO 3.1 %
HONG KONG 2.8 %
SOUTH AFRICA 2.7 %
Historical Performance


Standardized Annual Returns (as of 02/28/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.4% -11.3% -16.3% -2.4% -5.1% -1.8% 0.3%
Market Correlations
versus...BetaR-squared
S&P 5000.4624%
MSCI EAFE0.5837%
MSCI Emg Mkts0.7979%
Liquidity Measures
Avg. volume (000)32
Turnover0.8%
Avg. Bid/Ask (% of price)0.30%
ADV of underlying (mns)$5,737
Technical Indicators
Recent close$19.93
30d moving avg.$20.01
Annualized volatility19.8%
Relative strength (RSI)41
Short interest (ETF)5.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ECON vs. Comps (1 YR)

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Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2022 2023E Fwd Est 2024E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.1 18.7 2.5 2.3% --
Based on closing prices from 3/24/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ECON



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ECON

4.3%

Cat. Avg

8.4%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.3%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 8.4% and a standard deviation of 4.3%. ECON's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places ECON in the 17th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ECON
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ECON 49.0 30.1 79.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.