Global X MSCI SuperDividend EAFE
ALTAR
Score™
8.5% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.7x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
6.2%


  • 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) $16
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) $29,810
Large cap (>$10bn) 54.5%
Mid cap ($2-10bn) 43.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SSE PLC 2.7 %
TAYLOR WIMPEY PLC 2.7 %
PERSIMMON PLC 2.6 %
BARRATT DEVELOPMENTS PLC 2.4 %
STOCKLAND 2.4 %
EDP-ENERGIAS DE PORTUGAL SA 2.4 %
ZURICH FINANCIAL SERVICES AG 2.4 %
ICADE 2.3 %
SPARK NEW ZEALAND LIMITED 2.3 %
STANDARD LIFE PLC 2.3 %
Total 24.4 %

TOP COUNTRY EXPOSURE
BRITAIN 28.4 %
AUSTRALIA 15.7 %
FRANCE 12.0 %
HONG KONG 7.8 %
FINLAND 4.1 %
ITALY 4.1 %
SPAIN 4.0 %
GERMANY 3.9 %
SWEDEN 3.7 %
NETHERLANDS 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.6% 14.6% -- -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.64 42%
MSCI EAFE 0.99 83%
MSCI Emg. Mkts. 0.69 69%

Technical Indicators
Recent close $16.42
30d moving avg. $16.27
Annualized volatility 11.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.7%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $2,897

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X MSCI SuperDividend EAFE 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™: 8.5%


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
(%)
LVHI Legg Mason International Low Volatility High Dividend 26.2 40 15 8.9 +0.4
IDV iShares DJ Int'l Select Dividend 25.9 49 6 8.3 -0.2
FGD First Trust DJ Global Select Dividend 25.2 58 -3 9.2 +0.7
CID Victory CEMP International High Div Volatility Wtd 21.5 45 10 8.7 +0.2
RIDV Invesco International Ultra Dividend Revenue ETF 21.2 42 13 8.9 +0.5
FIDI Fidelity International High Dividend 19.8 39 16 10.0 +1.6
DVYA iShares Asia/Pacific Dividend 30 19.3 49 6 8.2 -0.3
FDD First Trust STOXX European Select Dividend 19.0 57 -2 7.3 -1.1
DTH WisdomTree DEFA Equity Income 18.3 58 -3 8.3 -0.2
IDHD Invesco S&P Intl Developed High Div Low Volatility 17.9 30 25 6.3 -2.2
DOO WisdomTree Int'l Dividend Ex-Financials 17.1 58 -3 7.9 -0.6
EFV iShares MSCI EAFE Value 16.7 38 17 8.8 +0.4
IQDE FlexShares Int'l Quality Dividend Defensive 16.3 47 8 8.9 +0.4
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 16.1 20 35 8.4 -0.0
DOL WisdomTree Int'l Large Cap Dividend 15.2 48 7 7.5 -0.9
IDOG ALPS International Sector Dividend Dogs 15.1 50 5 8.0 -0.5
IQDF FlexShares Int'l Quality Dividend 14.8 47 8 8.9 +0.4
DMDV AAM S&P Developed Markets High Dividend Value 14.4 39 16 9.9 +1.4
GHII Invesco S&P High Income Infrastructure 14.3 45 10 5.2 -3.3
EUFN iShares MSCI Europe Financial Sector 13.8 48 7 8.8 +0.3

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 MSCI SuperDividend EAFE
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 11.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.78 CATEGORY
AVERAGE
1.63
 
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.