TEC-CA
TD Global Technology Leaders Index ETF
the ETF seeks to track the Solactive Global Technology Leaders Index (CA NTR) (or any successor thereto), an index calculated by Solactive AG which tracks the performance of securities of global mid- and large-capitalization issuers that are related to te
Global
EQUITY
Passive
MANAGEMENT STYLE
$3.1 B
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | The Toronto-Dominion Bank |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | May 07, 2019 |
| Assets (mns) | $3,067 |
| Expense ratio | 40 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 13.9 % |
| APPLE INC | 13.6 % |
| AMAZON.COM INC | 7.0 % |
| META PLATFORMS INC | 4.7 % |
| ALPHABET INC. CLASS A | 4.5 % |
| ALPHABET INC. CLASS C | 3.7 % |
| BROADCOM INC. | 3.6 % |
| TESLA MOTORS INC | 2.2 % |
| VISA INC. CLASS A | 1.8 % |
| ASML HOLDING NV | 1.7 % |
Constituent Breakdown
| Number of holdings | 232 |
| Herfindahl-Hirschman Index | 530 |
| Wgt avg mkt cap (mns) | $1,513,970 |
| Large cap (>$10bn) | 98.8% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.7% |
Country Exposure
 |
UNITED STATES | 83.7 % |
 |
JAPAN | 3.8 % |
 |
NETHERLANDS | 2.7 % |
 |
GERMANY | 1.1 % |
 |
IRELAND | 0.9 % |
 |
BRITAIN | 0.9 % |
 |
CANADA | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 37.8% | 40.7% | 38.9% | 12.8% | 21.9% | -- | 22.8% | Volatility | 20.9% | 20.0% | 23.4% | 21.2% | 20.4% | 20.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 74% |
| MSCI EAFE | 0.72 | 35% |
| MSCI Emg Mkts | 0.60 | 24% |
Liquidity Measures
| Avg. volume (000) | 63 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $165,405 |
Technical Indicators
| Recent close | $46.28 |
| 30d moving avg. | $44.71 |
| Annualized volatility | 21.3% |
| Relative strength (RSI) | 68 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TEC-CA |
Expenses vs. TEC-CA |
ALTAR Score™ vs. TEC-CA |
|---|---|---|---|---|
| XQQ-CA | iShares NASDAQ 100 Index ETF (CAD-Hedged) | 56.9% | -1 bp | +0.5% |
| ZQQ-CA | BMO Nasdaq 100 Equity Hedged to CAD Index ETF | 56.8% | -1 bp | +0.5% |
| TPU-CA | TD U.S. Equity Index ETF | 44.9% | -33 bp | +1.2% |
| QUU-CA | Mackenzie US Large Cap Equity Index ETF | 44.0% | -33 bp | +1.1% |
| XSUS-CA | iShares ESG Aware MSCI USA Index ETF | 43.2% | -17 bp | +1.1% |
| ZSP-CA | BMO S&P 500 Index ETF Trust Units | 43.2% | -31 bp | +1.2% |
| ESGY-CA | BMO MSCI USA ESG Leaders Index ETF | 41.2% | -17 bp | +1.2% |
| XUSR-CA | iShares ESG Advanced MSCI USA Index ETF Trust Units | 27.5% | -18 bp | +1.3% |
Risk and Returns: TEC-CA 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 12/18/2024
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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
TEC-CA
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™
TEC-CA
3.8%
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%. TEC-CA's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places TEC-CA in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TEC-CASELL
U/W
HOLD
O/W
BUY