EV
Mast Global Battery Recycling & Production ETF
EV seeks to track an index of companies that may benefit from growth and innovation in the global battery value chain. Stocks are selected based on amount of revenue or assets directly tied to the investment theme, weighting more heavily towards those involved in battery recycling and ranked by market-cap.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
8.4 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Neos Investments LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 21, 2023 |
| Assets (mns) | $8 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 8.5 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 7.9 % |
| RIO TINTO PLC-SPON ADR | 5.9 % |
| BHP BILLITON LTD | 5.8 % |
| GLENCORE INTERNATIONAL PLC | 5.8 % |
| VALE SA-SP ADR | 5.7 % |
| BYD CO LTD -A | 4.8 % |
| PANASONIC CORP | 4.4 % |
| CASH & OTHER | 3.4 % |
| JX HOLDINGS INC | 3.2 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 407 |
| Wgt avg mkt cap (mns) | $103,434 |
| Large cap (>$10bn) | 64.8% |
| Mid cap ($2-10bn) | 24.7% |
| Small cap (<$2bn) | 4.0% |
| Developed mkts. | 50.8% |
| Emerging mkts. | 49.3% |
Country Exposure
 |
CHINA | 30.2 % |
 |
UNITED STATES | 10.8 % |
 |
JAPAN | 9.8 % |
 |
SOUTH KOREA | 8.2 % |
 |
AUSTRALIA | 7.3 % |
 |
BRITAIN | 5.9 % |
 |
SWITZERLAND | 5.8 % |
 |
BRAZIL | 5.7 % |
 |
CANADA | 1.8 % |
 |
FRANCE | 1.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.1% | -- | -- | -- | -- | -- | 6.1% | Volatility | 106.8% | 106.8% | 106.8% | 106.8% | 77.4% | 44.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $18,408 |
Technical Indicators
| Recent close | $25.32 |
| 30d moving avg. | $25.91 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 52 |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EV |
Expenses vs. EV |
ALTAR Score™ vs. EV |
|---|---|---|---|---|
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 34.8% | +7 bp | -11.2% |
| LIT | Global X Lithium & Battery Tech ETF | 32.0% | +10 bp | -3.2% |
| BATT | Amplify Lithium & Battery Technology ETF | 29.6% | -6 bp | -12.3% |
| WBAT | WisdomTree Battery Value Chain and Innovation Fund | 16.3% | -20 bp | -12.7% |
| IBAT | iShares Energy Storage & Materials ETF | 15.0% | -18 bp | -9.1% |
| ICOP | iShares Copper and Metals Mining ETF | 14.7% | -18 bp | -2.1% |
| IDRV | iShares Self-driving EV & Tech ETF | 14.6% | -18 bp | -12.6% |
| COPX | Global X Copper Miners ETF | 13.9% | 0 bp | -4.0% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 13.2% | -26 bp | +0.7% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 13.0% | -26 bp | -13.9% |
Risk and Returns: EV 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 | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EV
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
EV
12.2%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. EV's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places EV in the 96th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| EV (65 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EV | 65.0 | 0.0 | 65 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .