GII
SPDR S&P Global Infrastructure ETF
The SPDR FTSE/Macquarie Global Infrastructure 100 ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the Macquarie Global Infrastructure 100 Index, an equity index based upon the global infrastructure industry market.
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2007 |
| Assets (mns) | $427 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| iShares Asia 50 ETF | 36.6 % |
| AENA SA | 5.5 % |
| TRANSURBAN GROUP | 4.9 % |
| ENBRIDGE INC | 4.5 % |
| NEXTERA ENERGY GROUP | 4.3 % |
| SOUTHERN CO | 3.2 % |
| IBERDROLA SA | 3.0 % |
| DUKE ENERGY CORP | 3.0 % |
| GROUPE EUROTUNNEL SA - REGR | 2.8 % |
| WILLIAMS COS INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 74 |
| Herfindahl-Hirschman Index | 1,652 |
| Wgt avg mkt cap (mns) | $32,429 |
| Large cap (>$10bn) | 73.1% |
| Mid cap ($2-10bn) | 23.8% |
| Small cap (<$2bn) | 3.2% |
| Developed mkts. | 91.2% |
| Emerging mkts. | 8.9% |
Country Exposure
 |
UNITED STATES | 38.0 % |
 |
CANADA | 8.6 % |
 |
AUSTRALIA | 8.6 % |
 |
SPAIN | 8.5 % |
 |
FRANCE | 6.4 % |
 |
MEXICO | 5.9 % |
 |
GERMANY | 3.4 % |
 |
ITALY | 2.8 % |
 |
HONG KONG | 2.6 % |
 |
JAPAN | 2.2 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.6% | -1.4% | 3.5% | 5.0% | 5.1% | 4.7% | 3.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 70% |
| MSCI EAFE | 0.86 | 82% |
| MSCI Emg Mkts | 0.64 | 49% |
Liquidity Measures
| Avg. volume (000) | 44 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $3,161 |
Technical Indicators
| Recent close | $52.70 |
| 30d moving avg. | $48.41 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 1.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GII |
Expenses vs. GII |
ALTAR Score™ vs. GII |
|---|---|---|---|---|
| IGF | iShares Global Infrastructure ETF | 95.7% | +1 bp | -0.1% |
| GLIF | AGFiQ Global Infrastructure ETF | 38.6% | +5 bp | +0.1% |
| JXI | iShares Global Utilities ETF | 37.5% | +3 bp | +1.6% |
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 36.4% | +7 bp | +0.5% |
| NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 31.9% | +7 bp | +0.6% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 28.5% | +5 bp | +0.7% |
| VPU | Vanguard Utilities Index Fund | 26.5% | -30 bp | +1.6% |
| IDU | iShares U.S. Utilities ETF | 26.5% | 0 bp | +1.0% |
| FUTY | Fidelity MSCI Utilities Index ETF | 26.5% | -32 bp | +1.6% |
| XLU | Utilities Select Sector SPDR Fund | 26.5% | -30 bp | +1.7% |
Risk and Returns: GII vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/6/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GII
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
GII
5.1%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.1% |
Recommendation
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.
Category Overview
There are 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
5.1%. GII's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places GII in the 61st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GII
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GII | 40.0 | 11.6 | 51.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .