Global X MSCI SuperDividend EAFE ETF
ALTAR
Score™
12.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.8x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
8.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI SuperDividend EAFE ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index.

FUND BASICS
Category International Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Nov 14, 2016
Assets (mns) $6
Currency USD
Expense ratio 55 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $19,653
Large cap (>$10bn) 50.6%
Mid cap ($2-10bn) 47.4%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SSE PLC 3.4 %
EDP-ENERGIAS DE PORTUGAL SA 3.2 %
ZURICH FINANCIAL SERVICES AG 3.1 %
CASINO GUICHARD PERRACHON 3.1 %
HK ELECTRIC INVESTMENTS -SS 2.8 %
SPARK NEW ZEALAND LIMITED 2.8 %
PCCW LIMITED 2.7 %
ASCENDAS REAL ESTATE INV TRT 2.7 %
ICADE 2.6 %
PERSIMMON PLC 2.5 %
Total 28.8 %

TOP COUNTRY EXPOSURE
BRITAIN 26.0 %
FRANCE 14.2 %
AUSTRALIA 11.8 %
HONG KONG 7.1 %
ITALY 4.8 %
SPAIN 4.7 %
SWEDEN 4.2 %
NETHERLANDS 3.9 %
FINLAND 3.8 %
PORTUGAL 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-33.2% -28.6% -- -- -4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.03 64%
MSCI EAFE 1.22 87%
MSCI Emg. Mkts. 0.96 78%

Technical Indicators
Recent close $10.76
30d moving avg. $12.88
Annualized volatility 19.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.7%
Bid/Ask (% of price) 0.84%
ADV underlying (mns) $2,860

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Global X MSCI SuperDividend EAFE ETF ETF based on the alternatives' overlap in portfolio holdings with EFAS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFAS Expense: 55 bp ALTAR Score™: 12.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFAS
Ticker Fund
Name
Overlap1
vs EFAS
(%)
Expense
ratio
(bp)
Savings
vs EFAS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFAS
(%)
IDV iShares International Select Dividend ETF 25.0 49 6 14.5 +2.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 23.4 58 -3 13.2 +0.7
LVHI Legg Mason International Low Volatility High Dividend ETF 20.9 40 15 11.8 -0.7
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 20.1 45 10 14.4 +1.9
FIDI Fidelity International High Dividend ETF 19.6 39 16 15.5 +3.1
FDD First Trust Stoxx European Select Dividend Index Fund 19.2 57 -2 15.0 +2.6
DVYA iShares Asia/Pacific Dividend ETF 18.3 49 6 11.7 -0.8
DTH WisdomTree DEFA Equity Income Fund 17.0 58 -3 12.1 -0.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 16.7 39 16 13.5 +1.1
DOO WisdomTree International Dividend ex-Financials Fund 16.4 58 -3 10.7 -1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 15.2 20 35 10.9 -1.6
EFV iShares MSCI EAFE Value ETF 15.0 39 16 12.1 -0.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 14.9 30 25 8.5 -4.0
IDOG ALPS International Sector Dividend Dogs ETF 14.5 50 5 13.3 +0.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 14.2 47 8 15.3 +2.9
EUFN iShares MSCI Europe Financials ETF 14.0 48 7 14.3 +1.8
FID First Trust S&P International Dividend Aristocrats ETF 12.9 60 -5 11.4 -1.1
DOL WisdomTree International LargeCap Dividend Fund 12.8 48 7 10.5 -2.0
IQDF FlexShares International Quality Dividend Index Fund 12.7 47 8 15.9 +3.4
FKU First Trust United Kingdom AlphaDEX Fund 11.6 80 -25 12.7 +0.2
DWX SPDR S&P International Dividend ETF 11.5 45 10 8.8 -3.7
WDIV SPDR Global Dividend ETF 10.8 40 15 12.2 -0.3
VYMI Vanguard International High Dividend Yield ETF 10.7 32 23 12.0 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.6 35 20 10.6 -1.8
EUDV ProShares MSCI Europe Dividend Growers ETF 10.6 55 0 8.3 -4.2
SDIV Global X SuperDividend ETF 10.6 58 -3 23.5 +11.1
DWM WisdomTree International Equity Fund 10.6 48 7 10.3 -2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.6 45 10 11.1 -1.3
IDY Pacific Global International Equity Income ETF 10.5 39 16 10.7 -1.8
EWU iShares MSCI United Kingdom ETF 10.4 50 5 8.3 -4.2
QGBR SPDR MSCI UK StrategicFactors ETF 10.4 14 41 8.9 -3.5
FLGB Franklin FTSE United Kingdom ETF 10.1 9 46 8.9 -3.6
OEUR O'shares FTSE Europe Quality Dividend ETF 9.9 48 7 7.6 -4.8
FYLD Cambria Foreign Shareholder Yield ETF 9.7 59 -4 12.3 -0.1
IEV iShares Europe ETF 9.4 59 -4 8.4 -4.1
FNDF Schwab Fundamental International Large Co. Index ETF 9.3 25 30 10.8 -1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.1 20 35 12.7 +0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 9.0 30 25 8.3 -4.1
BBEU JPMorgan BetaBuilders Europe ETF 9.0 9 46 8.8 -3.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.9 45 10 8.1 -4.3
FLEE Franklin FTSE Europe ETF 8.9 9 46 8.5 -3.9
FLEH Franklin FTSE Europe Hedged ETF 8.8 9 46 8.6 -3.9
EUMV iShares Edge MSCI Min Vol Europe ETF 8.8 25 30 6.3 -6.2
VGK Vanguard FTSE Europe ETF 8.2 8 47 9.1 -3.4
IEUR iShares Core MSCI Europe ETF 8.1 9 46 8.9 -3.5
RFEU First Trust Riverfront Dynamic Europe ETF 7.9 83 -28 6.2 -6.3
IXG iShares Global Financials ETF 7.8 46 9 12.0 -0.5
SCID Global X Scientific Beta Europe ETF 7.6 38 17 8.6 -3.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 7.4 25 30 8.1 -4.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.4 14 41 8.4 -4.0
DIM WisdomTree International MidCap Dividend Fund 7.3 58 -3 9.9 -2.6
EPP iShares MSCI Pacific ex-Japan ETF 7.2 48 7 8.2 -4.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 7.2 19 36 8.5 -4.0
FEU SPDR Portfolio Europe ETF 7.2 9 46 8.9 -3.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.1 47 8 16.8 +4.4
EFA iShares MSCI EAFE ETF 7.1 32 23 8.8 -3.7
JPEU JPMorgan Diversified Return Europe Equity ETF 7.0 37 18 8.5 -4.0
GXF Global X FTSE Nordic Region ETF 7.0 58 -3 13.4 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 6.9 83 -28 7.8 -4.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 6.9 35 20 8.5 -3.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 6.8 50 5 7.9 -4.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 6.7 29 26 10.4 -2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 6.7 20 35 8.8 -3.7
HFXI IQ 50 Percent Hedged FTSE International ETF 6.6 20 35 9.2 -3.3
GVAL Cambria Global Value ETF 6.6 69 -14 13.7 +1.2
EWA iShares MSCI Australia ETF 6.6 50 5 8.0 -4.5
DEW WisdomTree Global High Dividend Fund 6.5 58 -3 11.2 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 6.5 38 17 9.6 -2.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.5 7 48 9.3 -3.2
FLAU Franklin FTSE Australia ETF 6.5 9 46 8.4 -4.1
SCIX Global X Scientific Beta Asia ex-Japan ETF 6.4 38 17 7.9 -4.5
FAN First Trust Global Wind Energy ETF 6.3 60 -5 7.7 -4.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 6.2 30 25 7.4 -5.1
IQSI IQ Candriam ESG International Equity ETF 6.2 15 40 8.9 -3.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 6.1 20 35 6.6 -5.9
IEFA iShares Core MSCI EAFE ETF 6.1 7 48 9.0 -3.5
FEP First Trust Europe AlphaDEX Fund 6.1 80 -25 10.6 -1.8
JHMD John Hancock Multifactor Developed International ETF 6.1 45 10 9.1 -3.3
IVLU iShares Edge MSCI Intl Value Factor ETF 6.1 30 25 13.7 +1.3
SCHF Schwab International Equity ETF 5.9 6 49 9.1 -3.4
QEFA SPDR MSCI EAFE Quality Mix ETF 5.8 30 25 8.0 -4.5
ISDX Invesco Strategic Developed ex-US ETF 5.7 23 32 9.7 -2.7
FIVA Fidelity International Value Factor ETF 5.7 39 16 12.8 +0.4
PDEV Principal International Multi-Factor Core Index ETF 5.7 25 30 8.2 -4.2
IDEV iShares Core MSCI International Developed Markets ETF 5.6 5 50 9.0 -3.5
IVAL Alpha Architect International Quantitative Value ETF 5.5 59 -4 14.0 +1.6
EURZ Xtrackers Eurozone Equity ETF 5.5 9 46 8.9 -3.5
EZU iShares MSCI Eurozone ETF 5.5 49 6 8.6 -3.8
GNR SPDR S&P Global Natural Resources ETF 5.4 40 15 8.8 -3.6
SPDW SPDR Portfolio Developed World ex-US ETF 5.3 4 51 8.9 -3.5
VEA Vanguard FTSE Developed Markets ETF 5.3 5 50 9.2 -3.2
RNDM Developed International Equity Select ETF 5.3 65 -10 8.0 -4.5
IDLV Invesco S&P International Developed Low Volatility ETF 5.3 25 30 7.8 -4.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 5.3 35 20 10.4 -2.1
EWQ iShares MSCI France ETF 5.3 50 5 8.0 -4.4
MVIN Natixis Seeyond International Minimum Volatility ETF 5.2 55 0 7.4 -5.1
FILL iShares MSCI Global Energy Producers ETF 5.2 39 16 8.7 -3.7
GUNR Flexshares Morningstar Global Upstream Natural Resources 5.2 46 9 8.1 -4.3
IXC iShares Global Energy ETF 5.2 46 9 7.6 -4.9

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 MSCI SuperDividend EAFE ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.58
 
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.