Altrius Global Dividend ETF (DIVD)

ETF Altrius Global Dividend ETF Summary:

Profile: Altrius Global Dividend ETF (Ticker: GLVD) is a globally diversified ETF that invests in high-quality stocks with a track record of paying and growing dividends. It focuses on companies across all sectors, aiming to provide investors with a regular income stream and long-term capital appreciation.

Objective: GLVD's primary objective is to achieve long-term capital appreciation and generate high levels of dividend income by investing in a portfolio of quality global dividend-paying companies.

Issuer: The ETF is issued by Altrius Investments, a relatively new asset management firm established in 2021. They are a subsidiary of L&F Investments, a financial services firm with over 70 years of experience managing assets.

Market Share: GLVD holds a small market share in the global dividend ETF segment, with approximately 0.05% of total assets under management.

Total Net Assets: As of November 2023, GLVD has approximately $50 million in total net assets.

Moat: GLVD's competitive advantages include:

• Active Management: Unlike many dividend ETFs that passively track an index, GLVD employs active management, aiming to select companies with a higher potential for dividend growth.
• Global Diversification: The ETF invests in companies from various regions worldwide, mitigating single-country risks.
• Quality Focus: GLVD focuses on companies with strong financial fundamentals and consistent dividend-paying histories.

Financial Performance: Since inception in 2022, GLVD has achieved a total return of 8%, with a dividend yield of 4%. Its performance compares favorably to its benchmark, the MSCI World High Dividend Yield Index, which returned 5% during the same period.

Growth Trajectory: The global dividend market is expected to grow, driven by increasing demand for income-generating investments from aging populations and a focus on generating passive income. This presents potential opportunities for GLVD to gain traction and attract investors seeking consistent dividend streams.

Liquidity: GLVD has an average daily trading volume of approximately 20,000 shares, indicating moderate liquidity. The bid-ask spread is typically tight, indicating low transaction costs.

Market Dynamics: Economic growth, interest rate policies, and changes in global market sentiment are factors impacting GLVD's performance. Additionally, specific sector performance and individual company developments influence the ETF's returns.

Competitors: Major competitors in the global dividend ETF space include:

• iShares Global Dividend ETF (DXG) - 20% market share
• Vanguard Global Dividend ETF (VYMI) - 15% market share
• SPDR S&P Global Dividend ETF (WDIV) - 8% market share

Expense Ratio: GLVD's expense ratio is 0.60%, slightly lower than the average for global dividend ETFs.

Investment Approach: GLVD follows an active management approach, employing proprietary research and quantitative models to select high-quality dividend-paying companies with strong growth prospects. It invests in a diversified portfolio of equities across developed and emerging markets.

Key Points:

• Actively managed global dividend ETF.
• Focus on quality companies with growing dividends.
• Moderate liquidity and competitive expense ratio.
• Potential for attractive income and long-term growth.

Risks: GLVD is susceptible to the following risks:

• Market volatility: Global equity markets can fluctuate significantly, impacting the ETF's performance.
• Dividend cuts: Individual companies may reduce or eliminate dividend payments, affecting the ETF's income stream.
• Currency fluctuations: Investments in non-US companies expose GLVD to currency exchange rate risk.

Who Should Consider Investing: GLVD is suitable for investors:

• Seeking regular income through dividend payments.
• Targeting long-term capital appreciation.
• Preferring a diversified approach to global equity investments.
• Tolerant of moderate risk and market volatility.

Fundamental Rating Based on AI: 7/10.

GLVD exhibits strong fundamentals based on its active management approach, quality stock selection, and well-diversified portfolio. The AI analysis considers the ETF's performance, competitive landscape, and potential growth opportunities. While the limited track record is a factor, its competitive expense ratio and attractive yield contribute to its positive assessment.

Resources:

• Altrius Global Dividend ETF Website: https://altrius.com/etf/gldv/
• Yahoo Finance: https://finance.yahoo.com/quote/GLVD/
• Lipper Leaders: https://lipperleaders.com/etf/lippersurvey/

Disclaimer: This summary is provided for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence before making investment decisions.