BBRC Fund Description

The EGShares Beyond BRICs ETF tracks a market-cap-weighted index of emerging (75%) and frontier (25%) market firms excluding those from Brazil, Russia, India and China. Taiwan and Argentina are excluded as well.

BBRC ETF.com Insight

BBRC continues a recent trend of trying to parse the emerging markets theme in different ways. The fund's strategy avoids the BRIC nations (Brazil, Russia, India and China) which are oftenexcludes BRICs and includes a 25% weighting to frontier markets the focus of EM strategies. In avoiding these powerhouse countries—and giant firms like Petrobras and Gazprom that define them—BBRC differs radically and intentionally from the broader emerging market space. BBRC's new index (it switched 10/25/2013) includes a 25% weighting to frontier markets, selected by liquidity and bounded by country and financial sector caps. This distinction pulls it further away from our plain vanilla benchmark, but the fund's targeted exposure may appeal to some investors—BBRC's assets have climbed to over $250M since the index change. BBRC charges a reasonable 58 bps, but like many peers, it isn't cheap to trade. (Insight updated 08/08/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/27/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
BBRC -2.47% -5.44% 5.69% 3.75% -- -- --
BBRC (NAV) -2.56% -5.21% 6.49% 4.47% -- -- --
FTSE Beyond BRICs Index -2.53% -4.77% 7.89% 5.87% 7.55% 9.22% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BBRC Top 10 Countries View All

BBRC Top 10 Sectors

BBRC Top 10 Holdings View All

BBRC Summary Data

Emerging Global Shares

A company that produces and manages ETFs.

08/15/12

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.58%

The net total annual fee a fund holder pays to the issuer.

$316.38 M

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$3.9 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.25%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

BBRC Portfolio Data

$19.52 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

15.52

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.47

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

0.83%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

N/A

The date on which a security's price excludes an upcoming dividend.

89

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

BBRC Index Data

FTSE Beyond BRICs Index

This is the benchmark an ETF is desigend to track or replicate.

Tiered

A set of rules that the underlying index provider follows to weight its constituent securities.

Multi-Factor

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI Emerging Markets
Investable Market Index

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to BBRC

VWO, EEM, GMM

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

BBRC ETF.com Efficiency Insight

The fund charges 58 bps—less than some other niche peer ETFs but more than some plain-vanilla EM funds. BBRC switched underlying indexes on 10/25/2013, so its tracking is still unknown. On the bright side, the fund has managed to gather a respectable level of assets exceeding $250M recently and removing the closure risk it faced previously. (Insight updated 08/08/2014)

Total Return - 10/27/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/27/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
BBRC -2.47% -5.44% 5.69% 3.75% -- -- --
BBRC (NAV) -2.56% -5.21% 6.49% 4.47% -- -- --
FTSE Beyond BRICs Index -2.53% -4.77% 7.89% 5.87% 7.55% 9.22% --
MSCI Emerging Markets Investable Market Index -4.48% -8.69% 0.16% -2.11% 2.34% 3.36% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BBRC Portfolio Management

0.58%

The net annual fee a fund holder pays to the issuer.

-2.61%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-1.33%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-3.31%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

BBRC Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

BBRC Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

No

An indicator of whether or not a fund actively lends its portfolio holdings.

0% / 100%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

BBRC ETF.com Tradability Insight

Trade BBRC with care, as you would with most Emerging Markets ETFs. Volume has picked up lately and is now well over $1M on most days. However spreads are still hovering around 30 bps. The fund's new index includes FM exposure, which one would  expect to weaken underlying liquidity, except that the 15 FM stocks are selected by trading volume, not market cap. (Insight updated 08/08/2014)



Average Spread
Premium/Discount
Volume

BBRC ETF.com/ Block LiquidityAs of 10/28/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of BBRC. BBRC is rated a 4 out of 5.

BBRC Tradability

175,286

It is the daily number of shares traded, averaged over the past 45 trading days.

$3.9 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

109,926

Median number of shares traded over the past 45 trading days.

$2.49 M

Median dollar value of shares traded over the past 45 trading days.

0.25%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.06

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.59%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

2.15% / -1.23%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

22.33%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

2.20

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.18%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.28%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

--

The total number of net outstanding options contracts for an ETF.

$21.67

The total market value of the assets that an ETF holds less fund expenses.

4

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

BBRC ETF.com Fit Insight

BBRC's intentional exclusion of emerging markets powerhouses like Brazil and Russia leads to major differences from our broad EM benchmark and from popular funds like EEM. The fund changed underlying indexes on 10/25/2013: The new FTSE index assigns 75% weight to emerging markets (ex-BRIC) and 25% to frontier markets. The 15 stocks in the FM portion are selected by liquidity, but weighted by market cap (subject to country and financial sector concentration caps). (Insight updated 08/08/2014)

BBRC Sector/Industry BreakdownView All

BBRC Segment Benchmark
25.98% 39.04%

7.26% 7.85%

9.42% 7.72%

9.37% 6.39%

9.27% 6.09%

3.38% 3.96%

17.31% 2.73%

2.64% 1.26%

BBRC Geographic ExposureView All

BBRC Segment Benchmark
-- 16.39%

7.51% 15.15%

5.16% 14.96%

4.15% 13.93%

2.82% 7.70%

2.72% 6.38%

-- 6.27%

1.69% 4.42%

1.45% 3.09%

74.52% 11.71%

BBRC Segment Benchmark
8.06% 41.40%

66.66% 31.62%

17.25% 19.04%

7.90% 7.95%

0.13% --

35.65% / 64.35% 0.57% / 99.43%

BBRC Performance Statistics

0.65

The degree to which the fund and its segment benchmark move up and down in unison.

0.71

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

0.77

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.74

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.37%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI Emerging Markets
Investable Market Index

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

BBRC Benchmark Comparison

BBRC
89 Holdings
Segment Benchmark
2568 Constituents
Shared Holdings
71 (Count)
 
15.15% (Weight)
BBRCSegment Benchmark
$38.06 B$19.52 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

52%65%
31%34%
13%1%
4%0%
12.9115.52

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.422.47

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

2.41%2.96%

The weighted average of the current yield on the portfolio’s holdings.

256889

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.