Global X, begun trading a new SuperDividend EAFE ETF, the Global X MSCI SuperDividend EAFE ETF (Nasdaq: EFAS), on Tuesday, November 15, 2016. Here is a synopsis of the new ETF:
FUND INFORMATION:
| Symbol: EFAS | Exchange: NASDAQ |
| Name: Global X MSCI SuperDividend EAFE ETF | Net Expense Ratio: 0.55% |
FUND OBJECTIVE:
The Global X MSCI SuperDividend EAFE ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index. Like every fund in the SuperDividend family, EFAS makes distributions on a monthly basis.
REFERENCE INDEX:
The MSCI EAFE Top 50 Dividend Index tracks the performance of 50 equally-weighted companies that rank among the highest dividend yielding equity securities in Europe, Australasia and the Far East, as defined by MSCI, the provider of the Underlying Index (Index Provider). The Underlying Index begins with the MSCI EAFE Index, which is a capitalization-weighted index, and then follows a rules-based methodology that is designed to select among the highest dividend yielding equity securities of the MSCI EAFE Index. The Underlying Index is equal weighted and rebalanced annually.
As of September 30, 2016, components from the following 15 developed market countries were eligible for inclusion in the Underlying Index: Australia, Finland, France, Germany, Hong Kong, Israel, Italy, Netherlands, New Zealand, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The Underlying Index may include large-, mid- or small-capitalization companies.
As of September 30, 2016, the Underlying Index primarily includes components from the following sectors: Consumer Discretionary, Energy, Financials, Materials, Real Estate, Telecommunication Services, and Utilities.
Index Top Consituents (10/31/16):
| Rio Tinto Ltd | 2.50% |
| BHP Billiton PLC | 2.47% |
| Orica Ltd | 2.47% |
| Rio Tinto PLC | 2.41% |
| Alumina Ltd | 2.30% |
| Mapfre | 2.30% |
| HSBC Holdings PLC | 2.29% |
| Bendigo & Adelaide Bank Ltd | 2.27% |
| Australia and N.Zealand Banking Group | 2.25% |
| BP PLC | 2.25% |
Index Industry Breakdown (10/31/16):
| Financials | 34.53% |
| Materials | 13.85% |
| Utilities | 12.06% |
| Telecommunication Services | 11.42% |
| Consumer Discretionary | 10.93% |
| Energy | 10.04% |
| Industrials | 2.19% |
| Real Estate | 2.09% |
| Consumer Staples | 1.64% |
| Information Technology | 1.25% |
Index Country Breakdown (10/31/16):
| United Kingdom | 24.67% |
| Australia | 23.92% |
| France | 11.65% |
| Sweden | 9.21% |
| Spain | 6.36% |
| Hong Kong | 4.43% |
| Singapore | 3.95% |
| Finland | 2.18% |
| Switzerland | 2.13% |
Useful Links:
EFAS Home Page
Category: Equities> International Equities> International Dividends
ETFtrack Comment:
Here is a comment from Jay Jacobs, director of research of Global X:
“Amidst a persistently low interest rate environment, investors are continually searching for sources of income. We see tremendous value in the high dividend segment of developed international markets and we’re proud to offer investors EFAS, which provides efficient exposure to these equities. We see additional value in investors utilizing the fund to help diversify their geographic, currency and interest rate exposures.”