GLIF
AGFiQ Global Infrastructure ETF
GLIF utilizes a proprietary, multi-factor investment process to seek long-term capital appreciation by investing primarily in global equity securities in the infrastructure industry.
Fund Basics
| Fund sponsor | FQF Trust |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 22, 2019 |
| Assets (mns) | $4 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ENBRIDGE INC | 6.1 % |
| VINCI SA | 4.4 % |
| ONEOK INC | 3.3 % |
| KINDER MORGAN INC | 3.1 % |
| CHENIERE ENERGY INC | 3.0 % |
| NATIONAL GRID PLC | 2.9 % |
| AENA SA | 2.8 % |
| AMERICAN WATER WORKS CO INC | 2.6 % |
| NEXTERA ENERGY GROUP | 2.4 % |
| AMERICAN TOWER CORP-CL A | 2.4 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 171 |
| Wgt avg mkt cap (mns) | $82,825 |
| Large cap (>$10bn) | 62.4% |
| Mid cap ($2-10bn) | 20.6% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 94.4% |
| Emerging mkts. | 5.6% |
Country Exposure
 |
UNITED STATES | 43.1 % |
 |
CANADA | 11.2 % |
 |
FRANCE | 6.1 % |
 |
SPAIN | 5.6 % |
 |
ITALY | 3.6 % |
 |
BRITAIN | 3.1 % |
 |
AUSTRALIA | 2.9 % |
 |
JAPAN | 2.5 % |
 |
MEXICO | 2.4 % |
 |
CHINA | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.5% | -4.1% | -2.7% | 4.6% | -- | -- | 2.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 76% |
| MSCI EAFE | 0.80 | 77% |
| MSCI Emg Mkts | 0.63 | 45% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.46% |
| ADV of underlying (mns) | $13,921 |
Technical Indicators
| Recent close | $25.02 |
| 30d moving avg. | $24.96 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| 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. GLIF |
Expenses vs. GLIF |
ALTAR Score™ vs. GLIF |
|---|---|---|---|---|
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 49.8% | +2 bp | +0.4% |
| IGF | iShares Global Infrastructure ETF | 40.9% | -4 bp | -0.3% |
| GII | SPDR S&P Global Infrastructure ETF | 40.4% | -5 bp | -0.1% |
| NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 29.3% | +2 bp | +3.4% |
| JXI | iShares Global Utilities ETF | 24.7% | -2 bp | +1.2% |
| TPYP | Tortoise North American Pipeline Fund | 22.5% | -5 bp | -0.1% |
| GREI | Goldman Sachs Future Real Estate and Infrastructure Equity E | 21.6% | +30 bp | -2.0% |
| IVRA | Invesco Real Assets ESG ETF | 20.6% | +14 bp | +1.9% |
| EMLP | First Trust North American Energy Infrastructure Fund | 20.4% | +50 bp | 0.0% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 19.9% | +20 bp | -0.2% |
Risk and Returns: GLIF 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 9/20/2023
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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
GLIF
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™
GLIF
5.5%
Cat. Avg
4.1%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.5% |
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 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.1% and a standard deviation of
5.0%. GLIF's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places GLIF in the 61st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GLIF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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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) |
|
|---|---|---|---|
| GLIF | 45.0 | 45.8 | 90.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .