Inspire ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.4x P/Sales
ratio
2.3x
P/BV
ratio
3.7x 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) $100
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 75
Wgt avg mkt cap (mns) $63,242
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 5.5 %
NEXTERA ENERGY GROUP 4.6 %
AMERICAN TOWER CORP-CL A 4.3 %
UNION PACIFIC CORP 4.1 %
LOWE'S COS INC 3.8 %
HONEYWELL INTERNATIONAL INC 3.7 %
VERTEX PHARMACEUTICALS INC 2.8 %
CROWN CASTLE INTL CORP 2.6 %
PROLOGIS INC 2.6 %
CATERPILLAR INC 2.6 %
Total 36.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.8 %
SWITZERLAND 0.7 %
BRITAIN 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.8% 11.2% -- -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.01 96%
MSCI EAFE 1.02 85%
MSCI Emg. Mkts. 0.76 72%

Technical Indicators
Recent close $30.73
30d moving avg. $30.52
Annualized volatility 18.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.6%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $35,695

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Inspire ETF 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™: 4.9%


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
(%)
XLI Industrial Select Sector SPDR Fund 27.0 13 22 6.0 +1.1
FIDU Fidelity MSCI Industrials Index ETF 26.4 8 27 6.1 +1.2
VIS Vanguard Industrials Index Fund 26.3 10 25 6.0 +1.1
IYJ iShares U.S. Industrials ETF 23.6 42 -7 6.0 +1.1
JHMI John Hancock Multifactor Industrials ETF 23.2 40 -5 6.1 +1.3
TPHD Timothy Plan High Dividend Stock ETF 20.4 52 -17 7.8 +2.9
RGI Invesco S&P 500 Equal Weight Industrials ETF 19.5 40 -5 5.8 +0.9
TPLC Timothy Plan US Large Cap Core ETF 18.6 52 -17 5.5 +0.7
SPMO Invesco S&P 500 Momentum ETF 17.6 13 22 4.3 -0.6
JKE iShares Morningstar Large-Cap Growth ETF 17.4 25 10 2.8 -2.1
EXI iShares Global Industrials ETF 17.2 46 -11 6.2 +1.3
USMV iShares Edge MSCI Min Vol USA ETF 17.0 15 20 5.5 +0.6
VO Vanguard Mid-Cap Index Fund 15.9 4 31 5.4 +0.5
DSTL Distillate US Fundamental Stability & Value ETF 15.6 39 -4 6.5 +1.7
SPMV Invesco S&P 500 Minimum Variance ETF 15.6 10 25 5.8 +0.9
VOT Vanguard Mid-Cap Growth Index Fund 15.4 7 28 3.4 -1.4
DEF Invesco Defensive Equity ETF 15.4 55 -20 5.1 +0.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 15.1 15 20 6.9 +2.0
LGLV SPDR Russell 1000 Low Volatility ETF 14.9 12 23 5.7 +0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 14.8 59 -24 4.1 -0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 14.8 35 0 4.3 -0.6
RSP Invesco S&P 500 Equal Weight ETF 14.8 20 15 6.8 +1.9
VIRS Pacer BioThreat Strategy ETF 14.7 70 -35 4.4 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 14.4 9 26 5.9 +1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 14.4 12 23 5.9 +1.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 14.2 17 18 6.6 +1.7
FREL Fidelity MSCI Real Estate Index ETF 14.1 8 27 6.8 +1.9
SCHH Schwab U.S. REIT ETF 14.1 7 28 6.8 +1.9
VNQ Vanguard REIT Index Fund 14.1 12 23 6.8 +1.9
IYR iShares U.S. Real Estate ETF 14.1 42 -7 6.7 +1.8
PSR Invesco Active U.S. Real Estate Fund 14.1 35 0 6.4 +1.6
XLRE The Real Estate Select Sector SPDR Fund 14.1 13 22 5.7 +0.8
MAGA Point Bridge GOP Stock Tracker ETF 14.1 72 -37 6.7 +1.8
KRMA Global X Conscious Companies ETF 14.0 43 -8 5.1 +0.3
PWB Invesco Dynamic Large Cap Growth ETF 13.9 55 -20 3.3 -1.6
FEX First Trust Large Cap Core AlphaDEX Fund 13.5 60 -25 6.0 +1.1
FTA First Trust Large Cap Value AlphaDEX Fund 13.5 60 -25 9.4 +4.5
SCIU Global X Scientific Beta US ETF 13.5 19 16 5.8 +0.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 13.3 47 -12 6.5 +1.6
FTCS First Trust Capital Strength ETF 13.3 58 -23 4.9 -0.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 13.3 25 10 6.0 +1.1
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 13.3 40 -5 7.1 +2.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 13.3 18 17 6.3 +1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 13.2 15 20 4.0 -0.9
CLRG IQ Chaikin U.S. Large Cap ETF 13.2 25 10 6.0 +1.1
RNLC Large Cap US Equity Select ETF 13.2 60 -25 6.4 +1.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 13.1 35 0 6.2 +1.3
VSDA VictoryShares Dividend Accelerator ETF 13.0 35 0 4.9 +0.0
FVL First Trust Value Line 100 Exchange-Traded Fund 13.0 70 -35 5.1 +0.3
IWS iShares Russell Mid-Cap Value ETF 13.0 24 11 7.3 +2.5
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 13.0 75 -40 5.8 +0.9
RYH Invesco S&P 500 Equal Weight Health Care ETF 12.9 40 -5 6.6 +1.7
FVD First Trust Value Line Dividend Index Fund 12.8 70 -35 6.5 +1.6
SPHQ Invesco S&P 500 Quality ETF 12.8 15 20 4.6 -0.3
BLES Inspire Global Hope Large Cap ETF 12.7 52 -17 6.5 +1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.7 35 0 5.9 +1.1
YLDE ClearBridge Dividend Strategy ESG ETF 12.6 60 -25 5.0 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 12.6 20 15 7.1 +2.3
JQUA JPMorgan U.S. Quality Factor ETF 12.5 12 23 5.2 +0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 12.4 70 -35 4.7 -0.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 12.4 60 -25 3.6 -1.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.4 28 7 6.5 +1.6
VIG Vanguard Dividend Appreciation Index Fund 12.4 6 29 5.4 +0.5
FMK First Trust Mega Cap AlphaDEX Fund 12.3 70 -35 5.1 +0.2
JKG iShares Morningstar Mid-Cap ETF 12.3 25 10 5.6 +0.7
INFR Legg Mason Global Infrastructure ETF 12.1 40 -5 6.3 +1.4
FLQL Franklin LibertyQ U.S. Equity ETF 12.1 15 20 6.3 +1.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 12.1 4 31 5.8 +0.9
PSET Principal Price Setters Index ETF 12.1 29 6 4.6 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 12.1 15 20 6.3 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 12.1 15 20 5.8 +1.0
IWR iShares Russell Midcap ETF 12.1 19 16 5.6 +0.8
NULC Nuveen ESG Large-Cap ETF 12.0 20 15 4.9 +0.1
SPLV Invesco S&P 500 Low Volatility ETF 12.0 25 10 5.7 +0.8
SIZE iShares Edge MSCI USA Size Factor ETF 12.0 15 20 6.3 +1.5
NULG Nuveen ESG Large-Cap Growth ETF 11.8 35 0 3.5 -1.4
PEXL Pacer US Export Leaders ETF 11.8 60 -25 6.0 +1.1
JDIV JPMorgan U.S. Dividend ETF 11.8 12 23 8.0 +3.1
FTC First Trust Large Cap Growth AlphaDEX Fund 11.7 61 -26 2.8 -2.0
PWC Invesco Dynamic Market ETF 11.7 59 -24 4.7 -0.1
JXI iShares Global Utilities ETF 11.6 46 -11 6.0 +1.1
XLU Utilities Select Sector SPDR Fund 11.6 13 22 5.9 +1.0
FUTY Fidelity MSCI Utilities Index ETF 11.6 8 27 5.9 +1.0
VPU Vanguard Utilities Index Fund 11.6 10 25 5.9 +1.0
IDU iShares U.S. Utilities ETF 11.6 43 -8 5.6 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 11.5 27 8 5.6 +0.7
ICF iShares Cohen & Steers REIT ETF 11.5 34 1 6.2 +1.3
USDY Pacific Global US Equity Income ETF 11.5 29 6 7.3 +2.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 11.5 10 25 5.2 +0.4
JHML John Hancock Multifactor Large Cap ETF 11.5 29 6 5.5 +0.7
SPVM Invesco S&P 500 Value with Momentum ETF 11.4 39 -4 9.3 +4.4
DSI iShares MSCI KLD 400 Social ETF 11.4 25 10 5.1 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 11.4 10 25 5.3 +0.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 11.4 60 -25 5.4 +0.6
EQRR ProShares Equities for Rising Rates ETF 11.4 35 0 6.3 +1.4
VOE Vanguard Mid-Cap Value Index Fund 11.3 7 28 8.1 +3.2
RBUS Nationwide Risk-Based U.S. Equity ETF 11.3 30 5 5.0 +0.1
JHMU John Hancock Multifactor Utilities ETF 11.2 40 -5 6.2 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 11.2 29 6 5.2 +0.3
RPG Invesco S&P 500 Pure Growth ETF 11.1 35 0 4.3 -0.6

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%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.2 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.52
 
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.