Global X SuperDividend US ETF
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.0x P/Sales
ratio
1.0x
P/BV
ratio
1.5x Div.
yield
8.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X SuperDividend U.S. ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX SuperDividend U.S. Low Volatility Index.

FUND BASICS
Category US Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Mar 12, 2013
Assets (mns) $558
Currency USD
Expense ratio 45 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 48
Wgt avg mkt cap (mns) $27,818
Large cap (>$10bn) 20.3%
Mid cap ($2-10bn) 22.5%
Small cap (<$2bn) 57.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BUCKLE INC/THE 3.2 %
COMPASS DIVERSIFIED HOLDINGS 3.1 %
PATTERN ENERGY GROUP INC 2.8 %
SOUTHERN CO 2.7 %
AT&T INC 2.7 %
AIRCASTLE LTD 2.6 %
SHIP FINANCE INTL LTD 2.5 %
PENNYMAC MORTGAGE INVESTMENT 2.5 %
VECTOR GROUP LTD 2.5 %
CHIMERA INVESTMENT CORPORATION 2.5 %
Total 27.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
BERMUDA 2.5 %
BRITAIN 0.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.5% 4.2% 2.3% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.57 56%
MSCI EAFE 0.56 45%
MSCI Emg. Mkts. 0.32 24%

Technical Indicators
Recent close $23.28
30d moving avg. $23.40
Annualized volatility 9.2%
Short interest (ETF) 0.4%
Short interest (Underlying) 5.2%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 161
Turnover 0.7%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $4,899

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X SuperDividend US ETF ETF based on the alternatives' overlap in portfolio holdings with DIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DIV Expense: 45 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DIV
Ticker Fund
Name
Overlap1
vs DIV
(%)
Expense
ratio
(bp)
Savings
vs DIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs DIV
(%)
PEY Invesco High Yield Equity Dividend Acheivers 22.5 53 -8 6.7 -0.7
SPHD Invesco S&P 500 High Dividend 18.6 30 15 7.8 +0.3
XSHD Invesco S&P SmallCap High Div Low Volatility 18.5 30 15 8.1 +0.6
FDL First Trust Morningstar Dividend Leaders 16.6 45 0 8.6 +1.1
SDIV Global X Superdividend 16.1 58 -13 11.0 +3.6
LVHD Legg Mason Low Volatility High Dividend ETF 15.4 27 18 6.8 -0.7
DHS WisdomTree Equity Income 15.0 38 7 7.2 -0.2
FDVV Fidelity Core Dividend 14.9 29 16 7.3 -0.1
MORT VanEck Vectors Mortgage REIT 14.6 42 3 10.7 +3.2
SDOG ALPS Sector Dividend Dogs 14.2 40 5 9.3 +1.8
REM iShares Mortgage Real Estate Capped 14.0 48 -3 10.4 +3.0
DTN WisdomTree Dividend Ex-Financials 13.4 38 7 7.8 +0.4
SPYD SPDR Portfolio S&P 500 High Dividend 12.8 7 38 9.2 +1.8
KBWD Invesco KBW High Dividend Financial 12.8 242 -197 10.0 +2.6
JKF iShares Morningstar Large Value 12.5 25 20 7.7 +0.3
FXU First Trust Utilities Alphadex 12.1 63 -18 5.4 -2.1
DEW WisdomTree Global Equity Income 12.0 58 -13 8.4 +0.9
SRET Global X SuperDividend REIT 11.8 59 -14 9.9 +2.4
WBIY WBI Power Factor High Dividend 11.5 70 -25 9.8 +2.4
OYLD Invesco Russell 1000 Yield Factor ETF 11.4 19 26 7.1 -0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X SuperDividend US ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.