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Global X SuperDividend ETF: Still Not Super

Published Sun, 13 Jan 2019 17:45:19 -0500 on Seeking Alpha

If there is one constant in investing, it is that less astute investors will be drawn to "sexy" investment ideas. For equity investors these ideas may the story of some penny stock which is poised to grow from $.05 to $10 per share, or perhaps a new ETF targeting some exotic sector which retail investors would otherwise have no way of accessing.
For income investors, these are generally ETFs and ETNs promising really high yields such as the plethora of 2x leveraged ETNs or the highly popular but poorly performing ETFs such as the Global X SuperDividend ETF (SDIV).
We discussed SDIV last year in the article "Global X SuperDividend ETF: Is It Really That Bad?"
What we found was that while yes, the fund provided a very strong distribution, the underlying performance and how the fund operates left very much to be desired.
Today, the fund has close to $1 billion in assets under management which makes it quite successful in terms of its capital raise, but does it deserve your capital?
Let's take a look!

Fund Basics
Sponsor: Global X Index: Solactive Global SuperDividend Index AUM: $886 million, down from $941 million as of April 1, 2018. Investment Objectives: Seeks to invest in 100 of the highest dividend yielding equity securities in the world. Number of Holdings: 114 Current Yield: 10.27% SEC yield, 8.55% Distribution yield, Distributed Monthly Inception Date: 6/8/2011 Fees: .58% Source: YCharts and Global X Website
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BLACKROCK GLOBAL OPP EQUITY TRUST 10.65   0.0 0.00 0.00 7.13
INDEPENDENCE REALTY TRUST 12.10   43.2 0.28 0.72 6.03
ISHARES MSCI ACWI INDEX FUND 74.22   0.0 0.00 1.55 2.08

BLACKROCK GLOBAL OPP EQUITY TRUST - BOE
BLACKROCK GLOBAL OPP EQUITY TRUST - BOE  


Older articles featuring Blackrock Global Opp Equity Trust (BOE):
ETF Month 2019 No. 1: Global X SuperDividend ETF Coverage Improves, But Is A Heavy Bet On Real Estate
Producer High-Grading Paid Dividends In 2015
12 Months Of High-Yield Bond Reviews From Durig Capital - The Recap
Beware Reversion In YieldShares High Income ETF And ETRACS 2x Closed-End Fund ETN
CEFL January Dividend Gives Yield Of 23%
CEFL October Monthly Dividend Will Be Sharply Lower, But Don't Be Alarmed
Projected June Dividend For CEFL Will Bring Yield To 18.1%
Tax-Advantaged High-Yield In A Flat Market From Option-Income Funds.
Buy ConocoPhillips: Highest Dividend Yield In E&P Sector, Focus On Targeted Growth
24 CEFs Yielding Over 10% Trading At A Discount To NAV: Part III, 6% To 9% Discount

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