Inspire 100
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
21.5x P/Sales
ratio
2.2x
P/BV
ratio
3.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Inspire 100 ETF tracks a market-cap-weighted index of large-cap US stocks, selected based on the firms proprietary definition of biblical values.

FUND BASICS
Category US Equities
Fund Sponsor Northern Lights
Website www.inspireetf.com
Inception date Oct 30, 2017
Assets (mns) $87
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $52,828
Large cap (>$10bn) 97.2%
Mid cap ($2-10bn) 2.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HONEYWELL INTERNATIONAL INC 3.6 %
NVIDIA CORP 3.3 %
UNION PACIFIC CORP 3.2 %
NEXTERA ENERGY GROUP 2.9 %
DANAHER CORP 2.8 %
LOWE'S COS INC 2.5 %
AMERICAN TOWER CORP-CL A 2.4 %
CATERPILLAR INC 2.4 %
CONOCOPHILLIPS 1.9 %
DOMINION RESOURCES INC/VA 1.8 %
Total 26.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.8 %
IRELAND 3.1 %
SWITZERLAND 1.4 %
BRITAIN 1.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.5% 14.2% -- -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.04 95%
MSCI EAFE 1.08 79%
MSCI Emg. Mkts. 0.82 69%

Technical Indicators
Recent close $29.04
30d moving avg. $28.33
Annualized volatility 15.4%
Short interest (ETF) 0.6%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.8%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $23,566

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Inspire 100 ETF based on the alternatives' overlap in portfolio holdings with BIBL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BIBL Expense: 35 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BIBL
Ticker Fund
Name
Overlap1
vs BIBL
(%)
Expense
ratio
(bp)
Savings
vs BIBL
(bp)
ALTAR
Score™
(%)
ALTAR
vs BIBL
(%)
IYJ iShares DJ US Industrials 29.7 42 -7 5.4 -0.3
XLI Industrials Select Sector SPDR 27.7 13 22 6.2 +0.5
FIDU Fidelity Industrials 27.6 8 27 6.0 +0.3
VIS Vanguard Industrials 27.5 10 25 6.3 +0.6
TPHD Timothy Plan High Dividend Stock 24.6 52 -17 6.7 +1.1
JHMI John Hancock Multifactor Industrials 24.5 40 -5 6.6 +1.0
TPLC Timothy Plan US Large Cap Core 24.2 52 -17 5.6 -0.1
RGI Invesco S&P Equal Weight Industrials 22.5 40 -5 6.6 +1.0
SPLV Invesco S&P 500 Low Volatility 21.7 25 10 5.2 -0.4
LVHB Elkhorn Lunt Low Vol/High Beta Tactical 21.7 52 -17 5.0 -0.7
EXI iShares Global Industrials 21.1 46 -11 6.1 +0.4
DEF Invesco Defensive Equity 21.1 59 -24 4.9 -0.8
QQEW First Trust NASDAQ 100 Equal Weight 20.8 60 -25 6.0 +0.4
QQQE Direxion NASDAQ-100 Equal Weight 20.7 35 0 6.3 +0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 20.5 60 -25 6.7 +1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 19.5 9 26 6.5 +0.8
USMV iShares MSCI USA Minimum Volatility 19.5 15 20 5.2 -0.5
VO Vanguard Mid-Cap ETF 19.4 4 31 5.8 +0.2
SCIU Global X Scientific Beta US 19.4 19 16 5.7 +0.1
MTUM iShares MSCI USA Momentum Factor 19.2 15 20 4.4 -1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Inspire 100
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.1 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.