Index IQ Global Resources
ALTAR
Score™
5.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.9x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
3.3%


  • 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) $38
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) $38,051
Large cap (>$10bn) 67.8%
Mid cap ($2-10bn) 25.6%
Small cap (<$2bn) 6.6%
Developed mkts 86.6%
Emerging mkts 13.4%

TOP TEN HOLDINGS
CHINA SHENHUA ENERGY CO - H 9.0 %
ECOLAB INC 4.0 %
TYSON FOODS INC-CL A 3.6 %
BHP BILLITON LTD 3.2 %
HORMEL FOODS CORP 2.7 %
UPM-KYMMENE OYJ 2.5 %
RIO TINTO PLC 2.2 %
TECK RESOURCES LTD-CLS B 2.0 %
EXXON MOBIL CORP 1.9 %
ROYAL DUTCH SHELL PLC-B SHS 1.6 %
Total 32.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 33.3 %
CHINA 11.6 %
CANADA 10.2 %
BRITAIN 8.7 %
AUSTRALIA 6.9 %
FINLAND 4.6 %
HONG KONG 3.1 %
FRANCE 2.7 %
JAPAN 2.5 %
SWITZERLAND 1.0 %

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.
9.8% 9.8% 1.6% 1.9% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.50 42%
MSCI EAFE 0.58 46%
MSCI Emg. Mkts. 0.46 49%

Technical Indicators
Recent close $26.95
30d moving avg. $27.04
Annualized volatility 9.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 207
Turnover 14.8%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $13,040

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™: 5.6%


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 35.8 46 31 5.6 -0.0
HAP VanEck Vectors Hard Asset Producers 32.1 50 27 5.4 -0.2
GNR SPDR S&P Global Nat. Resources 28.8 40 37 6.1 +0.5
MXI iShares S&P Global Materials 20.4 46 31 6.6 +0.9
IXC iShares Global Energy 14.9 46 31 4.9 -0.7
NANR SPDR S&P N. American Nat. Resources 14.2 35 42 3.8 -1.8
PICK iShares MSCI Global Select Metals & Mining 13.7 39 38 6.6 +1.0
PIO Invesco Global Water 13.3 75 2 4.0 -1.6
FILL iShares MSCI Global Energy Producers 13.0 39 38 5.5 -0.1
DEW WisdomTree Global Equity Income 12.4 58 19 8.0 +2.4
CHIE Global X MSCI China Energy 11.1 66 11 6.9 +1.3
KOL VanEck Vectors Coal ETF 10.6 60 17 9.9 +4.3
ISDX Invesco Strategic Developed ex-US 10.3 23 54 7.4 +1.7
IDY Pacific Global International Equity Income 9.7 39 38 8.0 +2.4
HDAW Xtrackers MSCI All World ex US High Div Yield 9.7 20 57 9.6 +4.0
FXG First Trust Consumer Staples 9.6 64 13 6.5 +0.9
CID Victory CEMP International High Div Volatility Wtd 9.5 45 32 8.7 +3.1
IGE iShares North American Natural Resources 9.4 46 31 3.8 -1.8
CGW Invesco S&P Global Water 9.4 62 15 4.0 -1.6
EFV iShares MSCI EAFE Value 9.3 38 39 8.8 +3.1

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 8.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 5.6 %
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.