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 charges a reasonable 58 bps, but like many peers, it isn't cheap to trade. (Insight updated 12/12/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

BBRC
-9.70% -14.42% -4.23% -3.47% -- -- --

BBRC (NAV)
-10.07% -15.02% -4.32% -2.89% -- -- --

FTSE Beyond BRICs Index
-9.87% -14.46% -2.87% -1.59% 6.76% 6.54% --
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

Issuer Emerging Global Shares

A company that produces and manages ETFs.

Inception Date 08/15/12

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

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

Expense Ratio 0.58%

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

Assets Under Management $281.34 M

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

Average Daily $ Volume $5.07 M

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

(%) | 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." href="javascript:void(0)" class="term">Average Spread (%) 0.29%

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

Weighted Average Market Cap $18.97 B

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

Price / Earnings Ratio 14.76

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

Price / Book Ratio 2.29

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

Distribution Yield 0.92%

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

Next Ex-Dividend Date N/A

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

Number of Holdings 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

Index Tracked FTSE Beyond BRICs Index

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

Index Weighting Methodology Tiered

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

Index Selection Methodology Multi-Factor

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

Segment 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.

Related ETFs to BBRC

Top Competing ETFs 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 recently and removing the closure risk it faced previously. (Insight updated 12/12/2014)


Total Return - 12/18/2014

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 12/18/14]
1 Month
3 Month
YTD
1 Year
3 Years
5 Years
10 Years

BBRC
-9.70% -14.42% -4.23% -3.47% -- -- --

BBRC (NAV)
-10.07% -15.02% -4.32% -2.89% -- -- --

FTSE Beyond BRICs Index
-9.87% -14.46% -2.87% -1.59% 6.76% 6.54% --

MSCI Emerging Markets Investable Market Index
-5.31% -11.19% -4.16% -3.10% 4.08% 2.28% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BBRC Portfolio Management

Expense Ratio 0.58%

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

(12 Mo) | 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." href="javascript:void(0)" class="term">Median Tracking Difference (12 Mo) -2.58%

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.

BBRC Tax Exposures

Max LT/ST Capital Gains Rate 20.00% / 39.60%

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

Tax on Distributions Qualified dividends

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

Distributes K1 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

Legal Structure Open-Ended Fund

The organizational structure of the fund or ETN.

OTC Derivative Use No

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

Securities Lending Active No

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

ETN Counterparty N/A

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

ETN Counterparty Risk N/A

The risk of default by the ETN counterparty.

Fund Closure Risk Low

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

Portfolio Disclosure 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 over $2M 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 12/12/2014)

Average Spread

Premium/Discount

Volume

BBRC ETF.com/ Block LiquidityAs of 12/19/2014

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

Avg. Daily Share Volume 247,045

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

Average Daily $ Volume $5.07 M

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

Median Daily Share Volume 104,791

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

(%) | 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." href="javascript:void(0)" class="term">Average Spread (%) 0.29%

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.

($) | The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars." href="javascript:void(0)" class="term">Average Spread ($) $0.06

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

(12 Mo) | 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." href="javascript:void(0)" class="term">Max. Premium / Discount (12 Mo) 2.15% / -1.36%

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.

Impediment to Creations 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.

Market Hours Overlap 22.33%

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

(Shares) | 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." href="javascript:void(0)" class="term">Creation Unit Size (Shares) 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.

(45 Day Average) | 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." href="javascript:void(0)" class="term">Creation Unit/Day (45 Day Average) 2.10

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.

(%) | The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit." href="javascript:void(0)" class="term">Creation Unit Cost (%) 0.21%

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

Underlying Volume / Unit 0.23%

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.

Open Interest on ETF Options --

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

ETF.com Implied Liquidity 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 12/12/2014)

BBRC Sector/Industry BreakdownView All

Sector BBRC Segment Benchmark
Financials 26.95% 38.86%

Consumer Cyclicals 9.54% 8.08%

Industrials 7.12% 7.63%

Energy 8.04% 5.86%

Basic Materials 8.67% 5.70%

Utilities 3.38% 4.27%

Technology 18.21% 3.34%

Healthcare 2.72% 1.46%

BBRC Geographic ExposureView All

Countries BBRC Segment Benchmark
South Africa 7.93% 16.13%

Qatar -- 15.44%

Mexico 4.90% 14.88%

Malaysia 3.77% 13.68%

Indonesia 2.86% 8.18%

Thailand 2.79% 6.77%

Nigeria -- 4.91%

Poland 1.70% 4.51%

Turkey 1.90% 3.97%

Other 74.15% 11.51%

Regions BBRC Segment Benchmark
Middle East & Africa 8.48% 39.82%

Asia-Pacific 67.51% 32.24%

Latin America 16.22% 18.88%

Europe 7.65% 9.06%

North America 0.14% --

Developed /
Emerging Split
35.47% / 64.53% 0.57% / 99.43%

BBRC Performance Statistics

Beta 0.80

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.

Up Beta 0.94

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.

Down Beta 0.94

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.

Downside Standard Deviation 0.40%

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.

Segment 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
2573 Constituents
Shared Holdings
71 (Count)
 
15.04% (Weight)
BBRCSegment Benchmark
Market Cap | The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio." href="javascript:void(0)" class="term">Weighted Average
Market Cap
$39.94 B$18.97 B

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

Size Split

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

Large (>12.9B)53%69%
Mid (>2.7B)30%30%
Small (>600M)13%1%
Micro (<600M)4%0%
Price / Book Ratio1.132.29

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

Dividend Yield2.41%3.24%

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

Holdings | 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." href="javascript:void(0)" class="term">Number Of
Holdings
257389

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.

ConcentrationLowLow

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