GDVD
R3 Global Dividend Growth ETF
GDVD seeks to provide income through an actively managed portfolio of global dividend-paying stocks whose growth potential is expected to be above-average.
Global
EQUITY
Active
MANAGEMENT STYLE
23.7 M
ASSETS UNDER MGMT
88 bp
EXPENSES
Fund Basics
| Fund sponsor | Rcube SAS |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 31, 2022 |
| Assets (mns) | $24 |
| Expense ratio | 88 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR-SP ADR | 4.2 % |
| MICROSOFT CORP | 4.1 % |
| MICHELIN (CGDE) | 3.7 % |
| JPMORGAN CHASE & CO | 3.5 % |
| BLACKROCK INC | 3.3 % |
| CHEVRON CORP | 3.1 % |
| PHILIP MORRIS INTERNATIONAL | 3.1 % |
| NOVO NORDISK A/S-B | 3.0 % |
| ROCHE HOLDING AG-BR | 2.8 % |
| APPLE INC | 2.7 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 246 |
| Wgt avg mkt cap (mns) | $438,740 |
| Large cap (>$10bn) | 90.2% |
| Mid cap ($2-10bn) | 6.4% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 91.5% |
| Emerging mkts. | 8.5% |
Country Exposure
 |
UNITED STATES | 41.8 % |
 |
BRITAIN | 9.9 % |
 |
FRANCE | 5.3 % |
 |
SWITZERLAND | 5.0 % |
 |
TAIWAN | 4.2 % |
 |
HONG KONG | 4.0 % |
 |
IRELAND | 3.7 % |
 |
AUSTRALIA | 3.1 % |
 |
DENMARK | 3.0 % |
 |
SINGAPORE | 2.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 123.7% | 111.0% | 75.3% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 75% |
| MSCI EAFE | 0.86 | 88% |
| MSCI Emg Mkts | 0.83 | 69% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $30,023 |
Technical Indicators
| Recent close | $25.86 |
| 30d moving avg. | $24.46 |
| Annualized volatility | 13.9% |
| Relative strength (RSI) | 8 |
| Short interest (ETF) | 0.7% |
| 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. GDVD |
Expenses vs. GDVD |
ALTAR Score™ vs. GDVD |
|---|---|---|---|---|
| BDIV | AAM Brentview Dividend Growth ETF | 25.3% | -39 bp | -1.0% |
| DIVS | SmartETFs Dividend Builder ETF | 20.7% | -23 bp | -0.4% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 19.8% | -73 bp | +0.2% |
| SWP | SWP Growth & Income ETF | 19.0% | +11 bp | -1.3% |
| BKCI | BNY Mellon Concentrated International ETF | 18.9% | -8 bp | -1.3% |
| HAPI | Harbor Human Capital Factor US Large Cap ETF | 18.5% | -52 bp | -0.9% |
| PFM | Invesco Dividend Achievers ETF | 18.4% | -35 bp | -0.2% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 18.0% | -56 bp | -0.7% |
| ESGG | FlexShares STOXX Global ESG Select Index Fund | 17.8% | -46 bp | -0.4% |
| DGRO | iShares Core Dividend Growth ETF | 17.8% | -80 bp | +1.0% |
Risk and Returns: GDVD 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 9/5/2024
Peer Group Comparison Sample data. Subscribe for access.
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
GDVD
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 Rating
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.
ALTAR Score™
GDVD
5.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. GDVD's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places GDVD in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GDVDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| GDVD (88 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GDVD | 88.0 | 30.6 | 118.6 |
| Peer Avg. | 51.4 | 32.7 | 84.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .