23 Jun Seeking Alpha Reviews Global Beta Smart Income ETF
Global Beta Smart Income ETF: The Top-Performer You’ve Never Heard About
The Global Beta Smart Income ETF (GBDV) has been the best-performing dividend ETF over the last year, scoring very well on valuation and sector diversification. Yet it is not well known. This independent review (by the Sunday Investor) on Seeking Alpha assesses GBDV’s methodology and evaluates the fund’s prospects. (It’s a buy in the current market.)
GBDV chooses the S&P 900 stocks with the highest average yield over the previous four quarters, weighting by sector diversification first and then by revenue. Individual stock weighting is capped at 5%. The review analyzes how GBDV emphasizes fundamental indexing, preferring undervalued to overvalued stocks. At the same time, the fund’s policy of weighting by revenue allows it to benefit from positive market sentiment in the way that market-cap-based index funds do.
Over the past two years, GBDV has been the second-best performer out of the Sunday Investor’s 64 dividend ETFs. At the same time, its current highly diversified portfolio is relatively low risk. It is rated as a buy, and it is expected to be a particularly good performer in the current turbulent market.
Definitions and Disclosures
Investments involve risk. Principal loss is possible.
View the Standard Performance at gbdv.globalbetaetf.com
Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus. A copy may be obtained by visiting www.globalbetaetfs.com or calling (833) 933-2083. Please read the prospectus or summary prospectus carefully before investing.
Performance Narrative: Total Expense Ratio .29%
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (833) 933-2083.
S&P 900: The S&P 900 combines the S&P 500® and the S&P MidCap 400® to form an investable benchmark for the mid- to large-cap segment of the U.S. equity market.
S&P 500: is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States.
Book Value: is the value of an asset according to its balance sheet account balance.
Cash Flow: where a company receives its money from and how it expends its money.
Median bid-ask Spread: The exchange-traded fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: (A) Identifying the exchange-traded fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; (B) Dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and (C) Identifying the median of those values.
Sharpe Ratio: is a measure of risk-adjusted return. It describes how much excess return you receive for the volatility of holding a riskier asset.
Sortino Ratio: measures the risk-adjusted return of an investment asset, portfolio, or strategy.
Price to Earnings: is the ratio of a company’s share price to the company’s earnings per share.
CAGR: Compound annual growth rate is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.
EPS Growth: shows how rapidly a company has been able to boost its “bottom line” on a per-share basis.
Standard Deviation: The standard deviation of a random variable, sample, statistical population, data set, or probability distribution is the square root of its variance.
Beta: is a way of measuring a stock’s volatility compared with the overall market’s volatility.
Distributor: Compass Distributors