Mast Global Battery Rcyclng & Prdctn ETF retains its Morningstar Medalist Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.  

 The strategy's investment process inspires confidence and earns an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained an overweight in liquidity exposure and an underweight in momentum exposure compared with category peers. High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And low momentum exposure is rooted in holding stocks that are not currently on a winning streak and instead holding those that managers believe are undervalued. The team managing this passive strategy earns a Below Average People Pillar rating. The strategy's parent organization doesn't stand out, earning the firm an Average Parent Pillar rating. It has displayed a handful of investor-friendly attributes including low portfolio manager turnover and overall affordable fees.

Analyst Rating

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Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. Mast Global Battery Rcyclng & Prdctn ETF earns an Above Average Process Pillar rating. The most notable contributor to the rating is that this fund tracks an index. Historical data, like Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The firm's five-year retention rate of 100% also bolsters the process. Lastly, the process is limited by the experience of the management team, which averages six years at this fund.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to track the investment results of an Indxx Global Battery Recycling & Production Index composed of companies of developed and emerging market companies that may benefit from growth and innovation involved in the business of battery recycling, battery raw materials, and and battery manufacturing.  The fund will invest at least 80% of its assets in companies that derive at least 50% of its revenue from the battery recycling and production business and/or devotes at least 50% of its assets to the battery recycling and production business. The fund is non-diversified. 

 The portfolio is overweight in consumer cyclical and industrials relative to the category average by 14.5 and 13.3 percentage points, respectively. The sectors with low exposure compared to category peers are energy and consumer defensive, underweight the average by 24.0 and 3.2 percentage points of assets, respectively. The strategy owns 39 securities and is relatively concentrated. In particular, 58.0% of the strategy's assets are housed within the top 10 holdings, as opposed to the category’s 23.9% average.

Above Average

Process

Neos Funds’s team earns a Below Average People Pillar rating. The team is bolstered by the firm's five-year retention rate of 100%. However, the rating is limited by the number of months that the management team has been running this vehicle together. Since this is a newly incepted product, more time is needed to monitor the team's capability at executing the strategy. Management team experience, which averages six years at this fund, also detracts from the team.

Below Average

People

Even though Neos Funds only has a one-year track record, it has shown to be an industry-standard steward, warranting an Average Parent Pillar rating. Neos Funds currently oversees six vehicles, with a total of $876.1 million under management and a roster of three portfolio managers.   

 Neos Funds deserves plaudits for its commitment to below-average fees for its open-end and exchange-traded funds, which showcases its willingness to prioritize investors. The firm's average net expense ratio across all funds is in the second-lowest quintile of firms.  

 To maintain an Average rating, Neos Funds needs to uphold a consistent track record of positive investor experience.

Average

Parent

Mast Global Battery Recycling & Production ETF

Eaton Vance Corp. engages in the management of investment funds and provides counselling services. It offers a range of engineered portfolio implementation services, including tax-managed core and specialty index strategies, futures and options-based portfolio overlays, and centralized portfolio management of multi-manager portfolios. The company was founded on April 30, 1979 and is headquartered in Boston, MA.

EV seeks to track an index of companies that may benefit from growth and innovation in the global battery value chain. Stocks are selected based on amount of revenue or assets directly tied to the investment theme, weighting more heavily towards those involved in battery recycling and ranked by market-cap.

American Airlines

Delta Air Lines

JetBlue Airways

Southwest Airlines

United Continental Hlds

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Apple

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Invesco QQQ

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KB Asset Management has launched an ETF that targets the battery and battery recycling market. The MAST Global Battery Recycling and Production ETF (NYSE Arca: EV) targets companies that comprise the Indxx Global Battery Recycling and Production Index.

News for Mast Global Battery Recycling & Production ETF ETF (EV)