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U.S. Global Sea to Sky Cargo ETF

ETF
SEA
Payout Change
Pending
Price as of:
$14.9679 -0.14 -0.91%
primary theme
N/A
SEA (ETF)

U.S. Global Sea to Sky Cargo ETF

Payout Change
Pending
Price as of:
$14.9679 -0.14 -0.91%
primary theme
N/A
SEA (ETF)

U.S. Global Sea to Sky Cargo ETF

Payout Change
Pending
Price as of:
$14.9679 -0.14 -0.91%
primary theme
N/A

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

U.S. Global Sea to Sky Cargo ETF

SEA | ETF

$14.97

$6.1 M

9.92%

$1.48

2.29%

Vitals

YTD Return

-0.7%

1 yr return

3.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$6.1 M

Holdings in Top 10

47.9%

52 WEEK LOW AND HIGH

$15.1
$13.94
$16.74

Expenses

OPERATING FEES

Expense Ratio 2.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

U.S. Global Sea to Sky Cargo ETF

SEA | ETF

$14.97

$6.1 M

9.92%

$1.48

2.29%

SEA - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 9.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    U.S. Global Sea to Sky Cargo ETF
  • Fund Family Name
    N/A
  • Inception Date
    Jan 20, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ralph Aldis

Fund Description

The Fund uses a “passive management” (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index is composed of the exchange-listed common stock (or depositary receipts) of marine shipping, air freight and courier, and port and harbor operating companies of any size across the globe in developed or emerging markets.
U.S. Global Sea to Sky Cargo Index
The Index tracks the performance of marine shipping, air freight and courier, and port and harbor operating companies (collectively, “Cargo Companies”).
At the time of each quarterly reconstitution and rebalance of the Index, 70% of the Index’s weight is allocated to marine shipping and port/harbor companies and 30% of the Index’s weight is allocated to air freight/courier companies. The universe of Cargo Companies is screened for investibility (e.g., must be listed on a securities exchange), a minimum market capitalization of $100 million, and a minimum three-month average dollar value traded of $5 million. As of March 31, 2023, the Index consisted of 25 Cargo Companies. The Index is reconstituted and rebalanced quarterly at the close of trading on the second Friday in each March, June, September, and December based on data as of a prior date (the “Selection Date”).
As of each Selection Date, each Cargo Company is ranked based on four factors (each assigned a factor weighting): cash flow return on invested capital (“CFROIC”) (33%), market capitalization (33%), earnings-to-price ratio (33%), and cash-flow-to-price ratio (1%). A composite score is assigned to each Cargo Company based on such rankings.
At the time of each reconstitution and rebalance of the Index, the top six marine shipping and port/harbor companies with the highest composite scores and a minimum market capitalization of US$400 million each receive a five percent weighting allocation of the Index; the next top seven marine shipping and port/harbor companies with the highest composite scores and a minimum market capitalization of US$300 million each receive a four percent weighting allocation of the Index; the next top six marine shipping and port/harbor companies with the highest composite scores and a minimum market capitalization of US$100 million each receive a two percent weighting allocation of the Index; and the top ten air freight/courier companies with the highest composite scores and a minimum market capitalization of US$200 million each receive a three percent weighting allocation of the Index.
As of March 31, 2023, the Index had significant exposure to companies in Europe, Japan, China/Hong Kong and Taiwan. The Index’s geographic exposure may change significantly with each reconstitution or based on market movements in between reconstitutions.
The Index was developed by U.S. Global Indices, LLC (the “Index Provider”), a wholly-owned subsidiary of the Adviser, in 2021 in anticipation of the commencement of operations of the Fund and is constructed using an objective, rules-based methodology.
The Index calculation agent is Indxx, LLC, which is not affiliated with the Fund, the Adviser, the Index Provider, or the Fund’s distributor. The Index calculation agent provides information to the Fund about the constituents of the Index and does not provide investment advice with respect to the desirability of investing in, purchasing or selling securities.
The Fund’s Investment Strategy
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in Cargo Companies. The foregoing policy may be changed without shareholder approval upon 60 days’ written notice to shareholders.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index in approximately the same proportion as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest in securities or other investments not included in the Index, but which the Adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.
To the extent the Index concentrates (i.e., holds more than 25 percent of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. The Adviser expects that the Index, and consequently the Fund, will generally be concentrated in the securities of Cargo Companies.
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SEA - Performance

Return Ranking - Trailing

Period SEA Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -18.1% 17.3% N/A
1 Yr 3.9% -20.9% 22.1% N/A
3 Yr N/A* -0.4% 27.1% N/A
5 Yr N/A* -4.4% 14.0% N/A
10 Yr N/A* 0.1% 15.0% N/A

* Annualized

Return Ranking - Calendar

Period SEA Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -42.9% 23.1% N/A
2022 N/A -100.0% 15.6% 100.00%
2021 N/A -4.7% 39.8% 4.88%
2020 N/A -29.1% 9.0% 100.00%
2019 N/A -7.2% 14.3% 5.88%

Total Return Ranking - Trailing

Period SEA Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -35.8% 17.3% N/A
1 Yr 3.9% -20.9% 99.6% N/A
3 Yr N/A* -0.4% 27.1% N/A
5 Yr N/A* -4.4% 18.7% N/A
10 Yr N/A* 3.4% 15.0% N/A

* Annualized

Total Return Ranking - Calendar

Period SEA Return Category Return Low Category Return High Rank in Category (%)
2023 19.1% -42.9% 23.1% N/A
2022 N/A -100.0% 15.6% 100.00%
2021 N/A -4.7% 39.8% 4.88%
2020 N/A -29.1% 9.0% 100.00%
2019 N/A -7.2% 14.3% 5.88%

SEA - Holdings

Concentration Analysis

SEA Category Low Category High SEA % Rank
Net Assets 6.1 M 2.01 M 13.7 B 95.56%
Number of Holdings 31 24 375 91.67%
Net Assets in Top 10 2.53 M 3.83 K 5.66 B 87.50%
Weighting of Top 10 47.95% 14.2% 74.8% 37.50%

Top 10 Holdings

  1. Orient Overseas International Ltd 5.33%
  2. SITC International Holdings Co Ltd 5.24%
  3. Nippon Yusen KK 5.13%
  4. Hafnia Ltd 5.13%
  5. TORM PLC 5.06%
  6. COSCO SHIPPING Holdings Co Ltd 5.03%
  7. HMM Co Ltd 4.50%
  8. Kuehne + Nagel International AG 4.25%
  9. First American Government Obligations Fund 4.17%
  10. Mitsui OSK Lines Ltd 4.12%

Asset Allocation

Weighting Return Low Return High SEA % Rank
Stocks 		98.91% 96.71% 100.04% 93.75%
Cash 		7.56% -0.04% 4.05% 16.67%
Preferred Stocks 		0.00% 0.00% 0.00% 64.58%
Other 		0.00% -3.61% 0.37% 66.67%
Convertible Bonds 		0.00% 0.00% 0.00% 64.58%
Bonds 		0.00% 0.00% 0.00% 64.58%

Stock Sector Breakdown

Weighting Return Low Return High SEA % Rank
Utilities 		0.00% 0.00% 12.67% 66.67%
Technology 		0.00% 0.00% 43.08% 95.83%
Real Estate 		0.00% 0.00% 7.67% 66.67%
Industrials 		0.00% 9.02% 100.00% 2.08%
Healthcare 		0.00% 0.00% 7.75% 68.75%
Financial Services 		0.00% 0.00% 19.45% 70.83%
Energy 		0.00% 0.00% 13.31% 72.92%
Communication Services 		0.00% 0.00% 35.43% 72.92%
Consumer Defense 		0.00% 0.00% 3.96% 64.58%
Consumer Cyclical 		0.00% 0.00% 60.78% 93.75%
Basic Materials 		0.00% 0.00% 16.73% 77.08%

Stock Geographic Breakdown

Weighting Return Low Return High SEA % Rank
Non US 		66.90% 0.00% 85.60% 2.08%
US 		32.01% 13.19% 100.04% 100.00%

SEA - Expenses

Operational Fees

SEA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.29% 0.08% 2.43% 48.98%
Management Fee 0.60% 0.03% 0.85% 76.09%
12b-1 Fee N/A 0.00% 1.00% 50.00%
Administrative Fee N/A 0.15% 0.25% N/A

Sales Fees

SEA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

SEA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SEA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 205.00% N/A

SEA - Distributions

Dividend Yield Analysis

SEA Category Low Category High SEA % Rank
Dividend Yield 9.92% 0.00% 8.82% 83.67%

Dividend Distribution Analysis

SEA Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Quarterly

Net Income Ratio Analysis

SEA Category Low Category High SEA % Rank
Net Income Ratio N/A -1.16% 11.51% N/A

Capital Gain Distribution Analysis

SEA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

SEA - Fund Manager Analysis

Managers

Ralph Aldis

Start Date

Tenure

Tenure Rank

Jan 19, 2022

0.36

0.4%

Ralph P. Aldis, CFA, is a Portfolio Manager for U.S. Global Investors, Inc. Aldis has served as senior research analyst of the U.S. Global Investors, Inc. since 2001. Previously he was with United Services Advisors as director of research and analysis since April 1989. Before that, he spent three years in the research department at Neil A. Eisner and Company, and he also worked as a research assistant at Southwest Energy Associates during the summer of 1986. He is a member of the Society of Economic Geologists and the San Antonio Society of Financial Analysts.

Frank Holmes

Start Date

Tenure

Tenure Rank

Jan 19, 2022

0.36

0.4%

Mr. Holmes is Chief Executive Officer since 1989 and Chief Investment Officer since 1999 at U.S. Global Investors, Inc. Mr. Holmes had investment banking experience in the international capital markets and the gold mining industry. He was formerly President and Chairman of the Toronto Society of the Investment Dealers Association and a member of the Toronto Stock Exchange's Listing Committee as well as a member seat holder of the stock exchanges in Toronto, Montreal, Vancouver and Alberta.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.42 24.18 8.82 3.5

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