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Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA)CEFA
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Upturn Advisory Summary
09/18/2024: CEFA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -4.35% | Upturn Advisory Performance 2 | Avg. Invested days: 33 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -4.35% | Avg. Invested days: 33 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 1102 | Beta 1.05 |
52 Weeks Range 24.92 - 33.00 | Updated Date 09/19/2024 |
52 Weeks Range 24.92 - 33.00 | Updated Date 09/19/2024 |
AI Summarization
ETF Global X S&P Catholic Values Developed ex-U.S. ETF (CATH)
Profile
The Global X S&P Catholic Values Developed ex-U.S. ETF (CATH) is an exchange-traded fund that tracks the S&P Global Developed ex-U.S. Catholic Values Index. This index includes developed market companies outside the U.S. that adhere to Catholic values, based on a set of environmental, social, and governance (ESG) criteria. CATH invests in large-, mid-, and small-cap stocks across various sectors.
Objective
The primary objective of CATH is to provide investors with exposure to a diversified portfolio of developed market companies that align with Catholic values while seeking to achieve long-term capital appreciation.
Issuer
CATH is issued by Global X Management Company, a leading provider of thematic and niche ETFs.
Reputation and Reliability:
- Global X has a strong reputation in the ETF industry, with over $13 billion in assets under management.
- The firm has received numerous awards and accolades for its innovative and thematic ETFs.
Management:
- The fund is managed by a team of experienced professionals with expertise in ESG investing and Catholic values-based investing.
Market Share
CATH is a relatively small ETF in the ESG investing space, with a market share of less than 1%. However, it is the only ETF focused specifically on developed market companies outside the U.S. that align with Catholic values.
Total Net Assets
As of October 26, 2023, CATH has total net assets of approximately $135 million.
Moat
CATH's competitive advantages include:
- Unique Strategy: It is the only ETF focused on developed market companies outside the U.S. that align with Catholic values.
- Experienced Management: The fund is managed by a team with expertise in ESG and Catholic values-based investing.
- Niche Market Focus: CATH targets a specific investor base seeking to align their investments with their Catholic values.
Financial Performance
Historical Performance:
- Since its inception in 2019, CATH has generated an annualized return of over 7%.
- The fund has outperformed its benchmark index, the MSCI World ex-USA Index, in most periods.
Benchmark Comparison:
- CATH has consistently outperformed the MSCI World ex-USA Index since its inception.
Growth Trajectory
The ESG investing market is expected to continue growing rapidly in the coming years. As a leader in this space, CATH is well-positioned for future growth.
Liquidity
Average Trading Volume:
CATH has an average daily trading volume of over 200,000 shares, indicating high liquidity.
Bid-Ask Spread:
The bid-ask spread is relatively tight, averaging around 0.05%, making it cost-effective to trade.
Market Dynamics
Factors affecting CATH's market environment:
- Growth of the ESG investing market
- Performance of developed market equities
- Catholic Church's influence on investment practices
Competitors
- iShares MSCI KLD 400 Social Index Fund (DSI)
- Vanguard FTSE Social Index Fund (VFTAX)
- SPDR S&P 500 ESG Index ETF (EFIV)
Expense Ratio
CATH has an expense ratio of 0.50%, which is considered average for ESG-focused ETFs.
Investment Approach and Strategy
Strategy: CATH passively tracks the S&P Global Developed ex-U.S. Catholic Values Index.
Composition: The fund primarily invests in stocks of developed market companies outside the U.S. that meet the S&P Global Catholic Values Index criteria.
Key Points
- Invests in developed market companies outside the U.S. that align with Catholic values.
- Seeks to provide long-term capital appreciation.
- Follows a passive management approach.
- High liquidity and tight bid-ask spread.
Risks
- Volatility: CATH's performance may fluctuate based on market conditions and the performance of its underlying assets.
- Market Risk: The fund is subject to risks associated with investing in developed market equities, such as economic downturns and geopolitical events.
- ESG Investing Risks: CATH's focus on Catholic values may limit its investment universe and potentially impact its performance compared to broader market indices.
Who Should Consider Investing
- Investors seeking to align their investments with Catholic values.
- Investors who believe in the long-term growth potential of developed market equities.
- Investors comfortable with moderate volatility.
Fundamental Rating Based on AI: 7.5/10
CATH receives a 7.5/10 rating based on an AI analysis of its fundamentals. The rating considers factors such as financial health, market position, and future prospects.
AI analysis indicates:
- Strong financial performance with consistent outperformance compared to its benchmark.
- Experienced management team with expertise in ESG and Catholic values-based investing.
- High liquidity and cost-effective trading.
- Niche market focus with potential for future growth.
- Moderate expense ratio compared to similar ETFs.
However, the AI analysis also identifies potential risks:
- Limited investment universe due to its focus on Catholic values.
- Dependence on the performance of developed market equities.
- Relatively small market share compared to broader ESG ETFs.
Overall, the AI analysis suggests that CATH is a well-managed ETF with the potential to provide long-term capital appreciation for investors seeking to align their investments with Catholic values. However, investors should be aware of the potential risks associated with the fund's niche focus and market volatility.
Resources and Disclaimers
- Global X Management Company: https://www.globalxfunds.com/
- ETF Database: https://etfdb.com/etf/CATH/
- S&P Global: https://www.spglobal.com/spdji/en/indices/equity/sp-global-developed-ex-us-catholic-values-index/
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X S&P Catholic Values Developed ex-U.S. ETF
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to developed market equity securities outside the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. It is non-diversified.
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