AGFiQ Global Infrastructure ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
2.6x
P/BV
ratio
2.1x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GLIF utilizes a proprietary, multi-factor investment process to seek long-term capital appreciation by investing primarily in global equity securities in the infrastructure industry.

FUND BASICS
Category Global Equities
Fund Sponsor FQF Trust
Website www.agf.com
Inception date May 22, 2019
Assets (mns) $2
Currency USD
Expense ratio 45 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 73
Wgt avg mkt cap (mns) $39,425
Large cap (>$10bn) 84.9%
Mid cap ($2-10bn) 13.7%
Small cap (<$2bn) 1.4%
Developed mkts 96.6%
Emerging mkts 3.4%

TOP TEN HOLDINGS
AMERICAN TOWER CORP-CL A 9.9 %
CROWN CASTLE INTL CORP 8.6 %
ENBRIDGE INC 6.7 %
VINCI SA 4.9 %
TRANSCANADA CORP 3.9 %
NATIONAL GRID PLC 3.5 %
CHINA TOWER CORP. LTD. CLASS H 3.3 %
SEMPRA ENERGY 3.1 %
KINDER MORGAN INC 2.6 %
WILLIAMS COS INC 2.5 %
Total 48.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 46.2 %
CANADA 14.8 %
BRITAIN 5.4 %
FRANCE 5.3 %
CHINA 5.2 %
AUSTRALIA 3.8 %
HONG KONG 3.5 %
SPAIN 2.8 %
ITALY 2.6 %
BRAZIL 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.6% -6.9% -- -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.80 81%
MSCI EAFE 0.80 81%
MSCI Emg. Mkts. 0.59 67%

Technical Indicators
Recent close $23.72
30d moving avg. $23.79
Annualized volatility 19.3%
Short interest (ETF) 1.5%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $9,510

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the AGFiQ Global Infrastructure ETF ETF based on the alternatives' overlap in portfolio holdings with GLIF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GLIF Expense: 45 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GLIF
Ticker Fund
Name
Overlap1
vs GLIF
(%)
Expense
ratio
(bp)
Savings
vs GLIF
(bp)
ALTAR
Score™
(%)
ALTAR
vs GLIF
(%)
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 64.5 46 -1 5.4 +0.1
IGF iShares Global Infrastructure ETF 35.3 46 -1 5.3 +0.1
GII SPDR S&P Global Infrastructure ETF 35.1 40 5 5.3 +0.1
INFR Legg Mason Global Infrastructure ETF 29.9 40 5 6.1 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 25.2 47 -2 6.5 +1.2
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 22.8 60 -15 2.5 -2.8
JXI iShares Global Utilities ETF 22.7 46 -1 6.0 +0.7
XLRE The Real Estate Select Sector SPDR Fund 22.6 13 32 5.6 +0.3
PSR Invesco Active U.S. Real Estate Fund 21.8 35 10 6.3 +1.0
EMLP First Trust North American Energy Infrastructure Fund 21.2 96 -51 5.7 +0.5
SCHH Schwab U.S. REIT ETF 21.1 7 38 6.6 +1.4
FREL Fidelity MSCI Real Estate Index ETF 20.7 8 37 6.6 +1.4
IYR iShares U.S. Real Estate ETF 20.4 42 3 6.5 +1.3
TPYP Tortoise North American Pipeline Fund 19.9 40 5 6.0 +0.8
VNQ Vanguard REIT Index Fund 19.4 12 33 6.6 +1.4
ENFR Alerian Energy Infrastructure ETF 18.5 65 -20 5.1 -0.1
MLPX Global X MLP & Energy Infrastructure ETF 18.5 45 0 3.8 -1.5
USAI Pacer American Energy Independence ETF 17.3 75 -30 2.7 -2.5
VPU Vanguard Utilities Index Fund 15.3 10 35 5.8 +0.6
FUTY Fidelity MSCI Utilities Index ETF 15.3 8 37 5.9 +0.6
IDU iShares U.S. Utilities ETF 14.6 43 2 5.6 +0.4
PUI Invesco DWA Utilities Momentum ETF 14.6 60 -15 4.7 -0.5
ECLN First Trust EIP Carbon Impact ETF 14.4 96 -51 3.8 -1.4
JHMU John Hancock Multifactor Utilities ETF 14.4 40 5 6.1 +0.9
RYU Invesco S&P 500 Equal Weight Utilities ETF 13.9 40 5 6.3 +1.1
XLU Utilities Select Sector SPDR Fund 13.9 13 32 5.9 +0.7
UTES Virtus Reaves Utilities ETF 12.9 49 -4 4.7 -0.5
FXU First Trust Utilities AlphaDEX Fund 12.9 63 -18 6.4 +1.1
IXC iShares Global Energy ETF 12.7 46 -1 5.8 +0.6
ICF iShares Cohen & Steers REIT ETF 12.4 34 11 6.0 +0.7
IFRA iShares U.S. Infrastructure ETF 12.3 40 5 6.1 +0.8
FLCA Franklin FTSE Canada ETF 11.7 9 36 7.4 +2.1
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 10.8 40 5 6.9 +1.7
BIBL Inspire ETF 10.5 35 10 4.9 -0.4
BBCA JPMorgan BetaBuilders Canada ETF 10.5 19 26 7.1 +1.9
QCAN SPDR MSCI Canada Quality Mix ETF 10.4 14 31 7.2 +1.9
SPYD SPDR S&P 500 High Dividend ETF 10.3 7 38 10.4 +5.2
TPHD Timothy Plan High Dividend Stock ETF 10.1 52 -7 7.7 +2.5
PFI Invesco DWA Financial Momentum ETF 10.0 60 -15 3.6 -1.6
EWC iShares MSCI Canada ETF 9.9 49 -4 6.9 +1.7
YLDE ClearBridge Dividend Strategy ESG ETF 9.4 60 -15 5.0 -0.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.3 30 15 9.8 +4.6
LSLT Salt Low truBeta US Market ETF 8.6 29 16 6.1 +0.8
NXTG First Trust Indxx NextG ETF 8.4 70 -25 6.2 +1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 8.4 12 33 5.9 +0.7
PID Invesco International Dividend Achievers ETF 8.2 54 -9 9.7 +4.5
JDIV JPMorgan U.S. Dividend ETF 8.2 12 33 7.9 +2.7
DWX SPDR S&P International Dividend ETF 8.1 45 0 8.0 +2.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 7.8 35 10 8.7 +3.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.8 38 7 8.0 +2.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 7.5 30 15 7.4 +2.2
DVY iShares Select Dividend ETF 7.5 39 6 9.7 +4.5
FIVG Defiance Next Gen Connectivity ETF 7.3 30 15 4.9 -0.4
FVD First Trust Value Line Dividend Index Fund 7.3 70 -25 6.4 +1.2
LVHD Legg Mason Low Volatility High Dividend ETF 6.9 27 18 8.8 +3.6
GQRE FlexShares Global Quality Real Estate Index Fund 6.7 45 0 6.9 +1.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 6.7 35 10 8.7 +3.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.6 15 30 6.9 +1.7
IYE iShares U.S. Energy ETF 6.6 42 3 4.0 -1.3
LVHI Legg Mason International Low Volatility High Dividend ETF 6.5 40 5 9.2 +4.0
JKI iShares Morningstar Mid-Cap Value ETF 6.4 30 15 9.3 +4.0
JKE iShares Morningstar Large-Cap Growth ETF 6.4 25 20 2.9 -2.4
YMLP VanEck Vectors High Income MLP ETF 6.3 45 0 5.3 +0.1
PWV Invesco Dynamic Large Cap Value ETF 6.3 55 -10 8.9 +3.7
IYF iShares U.S. Financials ETF 6.1 42 3 7.2 +1.9
USMV iShares Edge MSCI Min Vol USA ETF 6.1 15 30 5.5 +0.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 6.0 60 -15 5.4 +0.2
XLE Energy Select Sector SPDR Fund 5.9 13 32 4.5 -0.8
FENY Fidelity MSCI Energy Index ETF 5.9 8 37 4.2 -1.0
VDE Vanguard Energy Index Fund 5.9 10 35 3.9 -1.4
JHME John Hancock Multifactor Energy ETF 5.9 40 5 3.7 -1.5
RYE Invesco S&P 500 Equal Weight Energy ETF 5.9 40 5 3.6 -1.7
ESGS Columbia Sustainable U.S. Equity Income ETF 5.8 35 10 8.6 +3.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.8 45 0 10.0 +4.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 5.7 65 -20 3.4 -1.9
SPMO Invesco S&P 500 Momentum ETF 5.7 13 32 4.4 -0.8
SPMV Invesco S&P 500 Minimum Variance ETF 5.7 10 35 5.9 +0.6
DEW WisdomTree Global High Dividend Fund 5.6 58 -13 9.4 +4.1
VRAI Virtus Real Asset Income ETF 5.6 55 -10 11.2 +6.0
NULV Nuveen ESG Large-Cap Value ETF 5.6 35 10 7.4 +2.2
FDVV Fidelity Core Dividend ETF 5.5 29 16 7.2 +1.9
IWS iShares Russell Mid-Cap Value ETF 5.4 24 21 7.3 +2.1
FTXN First Trust Nasdaq Oil & Gas ETF 5.4 60 -15 2.1 -3.1
VOE Vanguard Mid-Cap Value Index Fund 5.4 7 38 8.0 +2.8
ACWV iShares Edge MSCI Min Vol Global ETF 5.4 20 25 5.7 +0.5
SCIU Global X Scientific Beta US ETF 5.3 19 26 5.8 +0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 5.3 28 17 6.4 +1.2
ABEQ Absolute Core Strategy ETF 5.3 85 -40 4.7 -0.5
KLCD KFA Large Cap Quality Dividend Index ETF 5.3 41 4 5.4 +0.2
IGE iShares North American Natural Resources ETF 5.2 46 -1 4.1 -1.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 5.1 29 16 7.2 +2.0
PEY Invesco High Yield Equity Dividend Achievers ETF 5.0 53 -8 9.2 +3.9
DHS WisdomTree U.S. High Dividend Fund 4.9 38 7 8.7 +3.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 4.9 18 27 6.3 +1.0
DEF Invesco Defensive Equity ETF 4.8 55 -10 5.1 -0.1
GBDV Global Beta Smart Income ETF 4.8 29 16 8.8 +3.6
DTD WisdomTree U.S.Total Dividend Fund 4.8 28 17 6.7 +1.5
OEUR O'shares FTSE Europe Quality Dividend ETF 4.7 48 -3 6.6 +1.4
SPVM Invesco S&P 500 Value with Momentum ETF 4.7 39 6 9.2 +4.0
GRI ALPS REIT Dividend Dogs ETF 4.7 35 10 16.6 +11.4

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
AGFiQ Global Infrastructure ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.9 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.50
 
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.