BNE

Blue Horizon BNE ETF

BNE tracks an equal-weighted index of global stocks that are perceived to benefit from a New Energy Economy.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

3.9 M

ASSETS UNDER MGMT

87 bp

EXPENSES
Fund Basics
Fund sponsorExchange Traded Concepts
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateDec 08, 2020
Assets (mns)$4
Expense ratio87 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationExchange-Traded Commodity
DistributionsAnnually
Taxation1099
Stock selectionFundamental
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SIEMENS ENERGY AG 2.1 %
BYD CO LTD-H 1.7 %
PRYSMIAN SPA 1.4 %
CARRIER GLOBAL CORP. 1.4 %
ITRON INC 1.4 %
DAIKIN INDUSTRIES LTD 1.3 %
TRANE TECHNOLOGIES PLC 1.3 %
WARTSILA OYJ 1.3 %
WEG SA 1.3 %
FLUENCE ENERGY INC CLASS A 1.3 %
Constituent Breakdown
Number of holdings105
Herfindahl-Hirschman Index 106
Wgt avg mkt cap (mns)$58,178
Large cap (>$10bn)72.7%
Mid cap ($2-10bn)19.1%
Small cap (<$2bn)6.6%
Developed mkts.85.5%
Emerging mkts.14.5%
Country Exposure
UNITED STATES 43.4 %
SOUTH KOREA 7.2 %
GERMANY 6.8 %
CANADA 5.9 %
JAPAN 5.5 %
CHINA 5.3 %
IRELAND 3.6 %
BRITAIN 3.2 %
NETHERLANDS 2.6 %
SWITZERLAND 2.2 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -- -- -- -- -- -- --
Volatility 19.4% 20.7% 22.1% 26.3% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.2964%
MSCI EAFE1.3669%
MSCI Emg Mkts1.2456%
Liquidity Measures
Avg. volume (000)4
Turnover2.3%
Avg. Bid/Ask (% of price)0.31%
ADV of underlying (mns)$37,144
Technical Indicators
Recent close$22.49
30d moving avg.$21.84
Annualized volatility29.2%
Relative strength (RSI)54
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
0.9 15.2 1.8 2.2% --
Based on closing prices from 10/1/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
BNE



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 Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

BNE

4.7%

Cat. Avg

4.2%


ALTAR Score™ Calculation

Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™ of 4.2% and a standard deviation of 4.8%. BNE's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places BNE in the 54th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

BNE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
BNE (87 bp) Percentile rank 96
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
BNE 87.0 30.8 117.8
Peer Avg. 45.0 21.6 66.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .