LIT Fund Description

The Global X Lithium ETF tracks a market-cap-weighted index of global lithium producers.

LIT ETF.com Insight

LIT is the only game in town for those looking for exposure to everything lithium—from exploration and mining to the production of lithium batteries. The fund scores well in Fit but,LIT is the only game in town like our benchmark, LIT isn't without its warts. The fund is incredibly concentrated, with a total of less than 30 holdings and over 80% of its portfolio in its top 10 holdings. LIT also carries a sizeable micro-cap component, with 10% of the fund invested in firms worth less than $600M. Still, the fund does a great job of capturing the salient sectors—chemicals and electrical components. However, costs and liquidity are LIT's biggest drawbacks, and confine LIT to the Opportunities List rather than an Analyst Pick. The fund's 75 bp expense ratio and wide bid/ask spreads combine to make LIT expensive from an all-in cost perspective. (Insight updated 10/16/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/29/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
LIT -4.13% -13.72% -7.80% -8.36% -9.13% -- --
LIT (NAV) -4.28% -13.35% -7.72% -8.07% -9.11% -- --
Solactive Global Lithium Index -4.07% -13.34% -6.53% -5.55% -8.42% -6.03% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LIT Top 10 Countries

LIT Top 10 Sectors View All

LIT Top 10 Holdings View All

LIT Summary Data

Global X

A company that produces and manages ETFs.

07/22/10

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

Open-Ended Fund

The organizational structure of the fund or ETN.

0.75%

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

$50.69 M

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

$386.69 K

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

0.41%

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.

LIT Portfolio Data

$8.48 B

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

205.02

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

2.02

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

0.34%

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

12/29/14

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

20

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.

LIT Index Data

Solactive Global Lithium
Index

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

Market Cap

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

Market Cap

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

Solactive Global Lithium
Index

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

Related ETFs to LIT

PUW, ICLN, QCLN, TAN

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

LIT Commentary & News

20 October 2014 Global ETFs | ETF.com
14 August 2014 Download complete issue

LIT ETF.com Efficiency Insight

LIT's 75 bp expense ratio makes it pricey, but is in line with most other thematic ETFs. The fund appears to have had some trouble tracking its index consistently but this could be the product of differences in strike timing between the fund's concentrated international holdings and its index. If Lithium companies are what you want, tracking and expeses shouldn't be a deterrent here. (Insight updated 10/16/2014)

Total Return - 10/29/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/29/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
LIT -4.13% -13.72% -7.80% -8.36% -9.13% -- --
LIT (NAV) -4.28% -13.35% -7.72% -8.07% -9.11% -- --
Solactive Global Lithium Index -4.07% -13.34% -6.53% -5.55% -8.42% -6.03% --
Solactive Global Lithium Index -4.07% -13.34% -6.53% -5.55% -8.42% -6.03% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LIT Portfolio Management

0.75%

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

-1.65%

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.

0.69%

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

-3.32%

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

LIT 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.

LIT 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.

Yes

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

100% / 0%

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.

LIT ETF.com Tradability Insight

LIT isn't the most liquid fund on the market but considering its the only ETF for targeted exposure to global lithium companies, its mediocre liquidity shouln't deter believers. The fund sees less than $300K in volume but spreads are managemeable with limit orders. Making matters worse, LIT scores poorly in block liquidity—indicating a liquidity provider may not help much in executing large trades efficiently. (Insight updated 10/16/2014)



Average Spread
Premium/Discount
Volume

LIT ETF.com/ Block LiquidityAs of 10/30/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of LIT. LIT is rated a 1 out of 5.

LIT Tradability

30,074

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

$386.69 K

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

20,939

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

$255.15 K

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

0.41%

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.

$0.05

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

-0.23%

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

1.47% / -3.09%

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.

51.84%

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.

0.42

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.

0.17%

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

0.59%

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.

248

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

$12.07

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

1

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

LIT ETF.com Fit Insight

LIT falls right in line with the benchmark we've selected for the Global Lithium segment. Like our benchmark, LIT invests the bulk of its portfolio in chemicals and electrical components & equipment firms. However, the fund carries severe concentration risk, with nearly 40% in the top two holdings alone. Like the benchmark, LIT also leans small, with 10% of its portfolio invested in micro-cap firms, so be prepared for its small company risk. (Insight updated 10/16/2014)

LIT Geographic ExposureView All

LIT Segment Benchmark
41.94% 42.05%

10.58% 10.56%

7.10% 7.12%

6.97% 6.98%

6.69% 6.65%

6.61% 6.61%

5.55% 5.54%

2.91% 2.95%

0.67% 0.57%

LIT Segment Benchmark
44.74% 44.71%

42.61% 42.63%

7.10% 7.12%

5.55% 5.54%

86.29% / 13.71% 86.27% / 13.73%

LIT Performance Statistics

0.97

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

0.98

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.

0.98

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.

0.99

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.

0.13%

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.

Solactive Global Lithium
Index

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

LIT Benchmark Comparison

LIT
20 Holdings
Segment Benchmark
20 Constituents
Shared Holdings
20 (Count)
 
99.82% (Weight)
LITSegment Benchmark
$8.47 B$8.48 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.

22%22%
47%47%
21%21%
11%11%
210.73205.02

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

2.012.02

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

1.59%1.59%

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

2020

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.

HighHigh

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