TOLZ is not just a global or tactical bet. With a 30-day SEC yield of 4.58%, the ETF is a legitimate yield play as well. That fact is buttressed by a combined 16% weight to the U.K. and Australia, two of the best developed market dividend destinations after the U.S. [Attractive Australian Dividends]
Valuations on TOLZ are a tad high with a “trailing P/E ratio is a rather high 25 times; price/book is a lofty 2.53 times,” according to Minyanville. However, the fund has justified those numbers with a gain of 10% since its March debut.
ProShares DJ Brookfield Global Infrastructure ETF
ETF Trends editorial team contributed to this post.