Global X SuperDividend Emg Mkts
ALTAR
Score™
17.5% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
6.5x P/Sales
ratio
0.7x
P/BV
ratio
1.0x Div.
yield
10.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X SuperDividend Emerging Markets ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend? Emerging Markets Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X ETFs/USA
Website www.globalxfunds.com
Inception date Mar 16, 2015
Assets (mns) $18
Currency USD
Expense ratio 67 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Brown Brothers Harriman & Co
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $11,110
Large cap (>$10bn) 19.8%
Mid cap ($2-10bn) 66.6%
Small cap (<$2bn) 13.6%
Developed mkts 4.0%
Emerging mkts 96.0%

TOP TEN HOLDINGS
ALDAR PROPERTIES PJSC 2.7 %
MMC NORILSK NICKEL OJSC 2.7 %
TAV HAVALIMANLARI HOLDING AS 2.6 %
GAZPROM OAO 2.6 %
MOSCOW EXCHANGE MICEX-RTS 2.6 %
FIBRA UNO ADMINISTRACION SA 2.5 %
PETROBRAS DISTRIBUIDORA SA 2.5 %
LITE-ON TECHNOLOGY CORP 2.5 %
TELEFONICA BRASIL SA PFD 2.4 %
LUKOIL OAO 2.4 %
Total 25.4 %

TOP COUNTRY EXPOSURE
RUSSIA 19.7 %
TAIWAN 11.8 %
BRAZIL 11.4 %
SOUTH AFRICA 11.0 %
CHINA 11.0 %
TURKEY 6.8 %
HONG KONG 6.0 %
UAE 2.7 %
MEXICO 2.4 %
PAKISTAN 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
7.7% 4.6% -- -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.66 29%
MSCI EAFE 0.94 49%
MSCI Emg. Mkts. 0.89 70%

Technical Indicators
Recent close $13.00
30d moving avg. $13.01
Annualized volatility 14.8%
Short interest (ETF) 0.6%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.7%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $984

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SDEM Expense: 67 bp ALTAR Score™: 17.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDEM
Ticker Fund
Name
Overlap1
vs SDEM
(%)
Expense
ratio
(bp)
Savings
vs SDEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDEM
(%)
REDV Invesco Emerging Markets Ultra Dividend Revenue ETF 26.3 46 21 17.9 +0.4
DVYE iShares Emerging Markets Dividend 22.1 49 18 13.6 -3.9
ERUS iShares MSCI Russia 20.1 59 8 15.6 -1.9
FLRU Franklin FTSE Russia 18.3 19 48 17.4 -0.1
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 17.2 50 17 13.4 -4.1
ECOW Pacer Emerging Markets Cash Cows 100 13.7 70 -3 10.9 -6.6
EDOG ALPS Emerging Sector Dividend Dogs 13.3 60 7 9.3 -8.2
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 12.3 51 16 12.6 -4.9
EEMD AAM S&P Emerging Markets High Dividend Value 12.0 50 17 12.3 -5.2
EEMO Invesco S&P Emg Mkts Momentum 10.4 30 37 7.9 -9.7
FLN First Trust Latin America AlphaDEX 10.3 80 -13 5.1 -12.4
PXH Invesco FTSE-RAFI Emerging Markets 9.7 50 17 12.3 -5.2
EYLD Cambria Emerging Shareholder Yield 8.8 66 1 10.9 -6.6
FBZ First Trust Brazil AlphaDEX 8.7 80 -13 7.1 -10.4
IQDE FlexShares Int'l Quality Dividend Defensive 8.7 47 20 9.6 -7.9
RFEM First Trust Riverfront Dynamic Emerging Markets 8.5 95 -28 10.6 -7.0
FEM First Trust Emerging Markets AlphaDEX 8.4 80 -13 10.8 -6.8
EMGF iShares Edge MSCI Multifactor Emerging Markets 8.3 45 22 9.9 -7.6
REEM Invesco Emerging Markets Revenue ETF 7.8 46 21 11.8 -5.7
IQDF FlexShares Int'l Quality Dividend 7.5 47 20 9.5 -8.1

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:
Global X SuperDividend Emg Mkts
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 16.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 67 bp
Equals: ALTAR Score 17.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.49
 
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.