Index IQ Global Resources
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.0x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQ ARB Global Resources ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance of the IQ ARB Global Reseources Index

FUND BASICS
Category Global Equities
Fund Sponsor IndexIQ Advisors LLC
Website www.indexiq.com
Inception date Oct 27, 2009
Assets (mns) $145
Currency USD
Expense ratio 77 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Multi-Factor
Index replication Optimized
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 218
Wgt avg mkt cap (mns) $38,545
Large cap (>$10bn) 70.4%
Mid cap ($2-10bn) 24.0%
Small cap (<$2bn) 5.6%
Developed mkts 88.0%
Emerging mkts 12.0%

TOP TEN HOLDINGS
CHINA SHENHUA ENERGY CO - H 8.0 %
BHP BILLITON LTD 3.9 %
TYSON FOODS INC-CL A 2.9 %
ECOLAB INC 2.8 %
RIO TINTO PLC 2.7 %
HORMEL FOODS CORP 2.2 %
UPM-KYMMENE OYJ 2.1 %
EXXON MOBIL CORP 1.9 %
TECK RESOURCES LTD-CLS B 1.9 %
ROYAL DUTCH SHELL PLC-B SHS 1.6 %
Total 29.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 32.6 %
CANADA 11.1 %
CHINA 10.5 %
BRITAIN 8.7 %
AUSTRALIA 8.0 %
FINLAND 3.9 %
JAPAN 3.0 %
HONG KONG 2.6 %
FRANCE 2.1 %
SWITZERLAND 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.8% -0.3% 0.1% -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.46 34%
MSCI EAFE 0.58 47%
MSCI Emg. Mkts. 0.47 49%

Technical Indicators
Recent close $26.82
30d moving avg. $26.44
Annualized volatility 9.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.1%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $12,289

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: GRES Expense: 77 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GRES
Ticker Fund
Name
Overlap1
vs GRES
(%)
Expense
ratio
(bp)
Savings
vs GRES
(bp)
ALTAR
Score™
(%)
ALTAR
vs GRES
(%)
GUNR Flexshares Global Upstream Natural Resources 39.8 46 31 5.6 -0.4
HAP VanEck Vectors Hard Asset Producers 39.2 50 27 5.8 -0.3
GNR SPDR S&P Global Nat. Resources 32.1 40 37 6.4 +0.3
MXI iShares S&P Global Materials 25.3 46 31 6.7 +0.7
NANR SPDR S&P N. American Nat. Resources 16.9 35 42 4.1 -2.0
PICK iShares MSCI Global Select Metals & Mining 16.7 39 38 7.3 +1.2
IXC iShares S&P Global Energy Sector 14.3 46 31 5.0 -1.0
FILL iShares MSCI Global Energy Producers 12.6 39 38 5.5 -0.6
KOL VanEck Vectors Coal ETF 12.4 60 17 10.3 +4.2
DEW WisdomTree Global Equity Income 12.1 58 19 8.2 +2.2
FTXG First Trust Nasdaq Food & Beverage 11.1 60 17 5.6 -0.4
FXG First Trust Consumer Staples 10.8 64 13 6.7 +0.7
CHIE Global X MSCI China Energy 10.6 66 11 7.8 +1.8
ISDX Invesco Strategic Developed ex-US 10.1 23 54 7.7 +1.6
RHS Invesco S&P Equal Weight Consumer Staples 9.9 40 37 6.6 +0.6
MOO VanEck Vectors Agribusiness ETF 9.6 54 23 6.3 +0.3
JMIN JPMorgan U.S. Minimum Volatility 9.5 12 65 5.7 -0.4
IGE iShares North American Natural Resources 9.5 46 31 3.9 -2.1
EQAL Invesco Russel 1000 Equal Weight 9.5 20 57 5.9 -0.1
IECS iShares Evolved U.S. Consumer Staples 9.4 18 59 6.3 +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:
Index IQ Global Resources
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 8.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.54
 
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.