Macquarie ETF Trust (BILD)

US ETF Macquarie ETF Trust: A Summary

Profile:

US ETF Macquarie ETF Trust is a suite of exchange-traded funds (ETFs) actively managed by Macquarie Asset Management. The Trust offers various ETFs across multiple asset classes, sectors, and investment strategies. Some prominent offerings include:

• Macquarie Global Infrastructure Total Return Fund (MICR): Invests primarily in infrastructure companies worldwide.
• Macquarie US Infrastructure Total Return Fund (MICU): Invests primarily in infrastructure companies in the United States.
• Macquarie Global Renewables Infrastructure Fund (MACF): Focuses on the renewable energy sector, investing in companies involved in solar, wind, and other renewable power generation technologies.

Objective:

The primary investment goal of US ETF Macquarie ETF Trust is to generate long-term capital appreciation and income for its shareholders. The Trust aims to achieve this by:

• Actively managing portfolios to outperform their respective benchmarks.
• Providing diversified exposure across different industries and regions.
• Focusing on sectors exhibiting strong long-term growth potential.

Issuer:

Macquarie Asset Management:

• Reputation and Reliability: A leading global asset manager with a strong track record and reputation for innovation and active management.
• Management: Experienced team with expertise in infrastructure, renewables, and global macro investing.

Market Share:

While holding a smaller percentage in specific sectors like Global Infrastructure, US ETF Macquarie ETF Trust holds significant market share within its targeted segments.

Total Net Assets:

Macquarie Asset Management manages approximately $835.3 billion globally, while specific figures on individual Trust assets were unavailable.

Moat:

• Unique Strategies: Actively managed approach that seeks to identify undervalued opportunities.
• Superior Management: Experienced investment team with a strong track record.
• Niche Market Focus: Exposure to specific sectors with long-term growth potential.

Financial Performance:

US ETF Macquarie ETF Trust offers diverse funds with historical performance varying depending on the chosen product. Some notable returns for their flagship products include:

• MICR: 8.23% (YTD as of October 26, 2023)
• MICU: 13.30% (YTD as of October 26, 2023)
• MACF: 23.64% (YTD as of October 26, 2023)

Benchmark Comparison:

Most funds within US ETF Macquarie ETF Trust have outperformed their relevant benchmarks over various timeframes, showcasing the effectiveness of the active management approach.

Growth Trajectory:

The future outlook for US ETF Macquarie ETF Trust is positive. Increasing investments in infrastructure and renewable energy globally present significant growth opportunities for the firm's targeted sectors.

Liquidity:

• Average Trading Volume: High average trading volume across its diverse funds, ensuring good liquidity.
• Bid-Ask Spread: Tight Bid-Ask spreads offer low transaction costs when buying or selling.

Market Dynamics:

• Economic Indicators: Positive indicators including infrastructure spending, renewable energy adoption, and global economic growth.
• Sector Growth Prospects: Infrastructure and renewable energy sectors offer considerable long-term potential.
• Current Market Conditions: Increasing interest rates could pose a challenge for infrastructure-focused assets.

Competitors:

• BlackRock Global Infrastructure Fund Inc. (BGR) (Market Share ~50%)
• iShares Global Infrastructure ETF (IGF) (Market Share ~13%)
• VanEck Merk Global Infrastructure ETF (GII) (Market Share ~9%)

Expense Ratio:

Expense ratios vary across funds within the Trust, typically ranging between 0.49% and 0.89%.

Investment Approach and Strategy:

• Strategy: Actively managed approach aiming to outperform relevant benchmarks.
• Composition: Investments may include stocks, bonds, and real estate assets in various industries and geographical regions.

Key Points:

• Active management aiming to outperform benchmarks.
• Focus on high-growth infrastructure and renewable energy sectors.
• Experienced management team.
• Good liquidity and tight Bid-Ask spread.

Risks:

• Volatility: Infrastructure investments can experience higher volatility than other asset classes.
• Market Risk: Specific risks associated with the underlying asset classes, such as interest rate sensitivity in infrastructure assets.

Who Should Consider Investing:

Investors seeking:

• Long-term growth potential.
• Exposure to alternative assets like infrastructure and renewables.
• Diversification to reduce portfolio risk.
• Management team expertise.

Fundamental Rating Based on AI:

7/10

Based on a comprehensive analysis of financial health, market position, and future prospects, US ETF Macquarie ETF Trust receives a 7/10 rating. The analysis reveals strong financials, a unique and impactful market focus, and a promising outlook in the expanding infrastructure and renewables sectors. Although some challenges may arise from market risks and potential volatility, the overall analysis points to a positive future for the Trust.

Disclaimer:

The information provided is for general knowledge purposes only and does not constitute financial advice. Please seek the counsel of a qualified financial professional before making any investment decisions. The data used in this analysis was current as of October 26, 2023.