Inspire Global Hope Large Cap ETF
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Inspire Global Hope Large Cap ETF follows an equal-weighted index of 400 large-cap stocks selected for their alignment with biblical values and positive impact on the world according to various ESG screens.

FUND BASICS
Category Global Equities
Fund Sponsor Northern Lights
Website www.inspireetf.com
Inception date Feb 27, 2017
Assets (mns) $105
Currency USD
Expense ratio 52 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 301
Wgt avg mkt cap (mns) $22,769
Large cap (>$10bn) 60.9%
Mid cap ($2-10bn) 35.8%
Small cap (<$2bn) 3.3%
Developed mkts 89.8%
Emerging mkts 10.2%

TOP TEN HOLDINGS
APACHE CORP 0.7 %
HALLIBURTON CO 0.5 %
FREEPORT-MCMORAN COPPER 0.5 %
FLUOR CORP 0.5 %
DEVON ENERGY CORPORATION 0.5 %
JAMES HARDIE INDUSTRIES-CDI 0.5 %
MARATHON OIL CORP 0.5 %
EQT CORP 0.5 %
AYALA CORPORATION 0.5 %
NOBLE ENERGY INC 0.4 %
Total 5.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 50.4 %
BRITAIN 11.7 %
AUSTRALIA 5.8 %
FRANCE 4.4 %
SWITZERLAND 3.2 %
BRAZIL 2.8 %
IRELAND 2.3 %
NETHERLANDS 2.1 %
INDIA 1.9 %
DENMARK 1.7 %

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.
-12.8% -4.9% -- -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.13 89%
MSCI EAFE 1.24 92%
MSCI Emg. Mkts. 0.93 82%

Technical Indicators
Recent close $26.32
30d moving avg. $26.35
Annualized volatility 20.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 47
Turnover 1.2%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $77,931

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: BLES Expense: 52 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BLES
Ticker Fund
Name
Overlap1
vs BLES
(%)
Expense
ratio
(bp)
Savings
vs BLES
(bp)
ALTAR
Score™
(%)
ALTAR
vs BLES
(%)
WWJD Inspire International ESG ETF 43.0 80 -28 7.7 +1.1
RSP Invesco S&P 500 Equal Weight ETF 30.0 20 32 6.8 +0.2
TPLC Timothy Plan US Large Cap Core ETF 29.0 52 0 5.6 -1.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 27.9 17 35 6.6 +0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 27.0 29 23 8.3 +1.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 26.1 9 43 6.0 -0.6
SIZE iShares Edge MSCI USA Size Factor ETF 23.8 15 37 6.4 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 23.7 18 34 6.3 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 23.7 15 37 6.4 -0.2
SCIU Global X Scientific Beta US ETF 22.8 19 33 5.9 -0.7
VO Vanguard Mid-Cap Index Fund 22.6 4 48 5.5 -1.1
IWR iShares Russell Midcap ETF 22.0 19 33 5.7 -0.9
MAGA Point Bridge GOP Stock Tracker ETF 22.0 72 -20 6.6 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 21.4 60 -8 6.1 -0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 21.4 4 48 5.8 -0.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 21.3 35 17 6.0 -0.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.1 35 17 5.5 -1.1
RNLC Large Cap US Equity Select ETF 19.9 60 -8 6.3 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.7 17 35 6.5 -0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 19.4 20 32 6.6 -0.0
JHMM John Hancock Multifactor Mid Cap ETF 19.4 42 10 5.9 -0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 19.3 24 28 6.3 -0.3
JHML John Hancock Multifactor Large Cap ETF 19.2 29 23 5.7 -0.9
EQAL Invesco Russell 1000 Equal Weight ETF 19.2 20 32 5.8 -0.8
IWS iShares Russell Mid-Cap Value ETF 18.5 24 28 7.3 +0.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 18.1 20 32 7.1 +0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.0 29 23 6.8 +0.2
RBUS Nationwide Risk-Based U.S. Equity ETF 17.2 30 22 5.1 -1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.5 9 43 5.6 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.4 30 22 6.6 +0.1
VOE Vanguard Mid-Cap Value Index Fund 16.4 7 45 8.1 +1.5
CATH Global X S&P 500 Catholic Values Custom ETF 16.2 29 23 5.3 -1.3
ETHO Etho Climate Leadership U.S. ETF 15.7 47 5 4.4 -2.1
RNDV US Equity Dividend Select ETF 15.4 50 2 7.7 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 15.3 27 25 5.7 -0.8
AFLG First Trust Active Factor Large Cap ETF 15.2 55 -3 5.6 -0.9
ONEY SPDR Russell 1000 Yield Focus ETF 15.0 20 32 9.4 +2.9
IUS Invesco Strategic US ETF 15.0 19 33 6.7 +0.2
PBP Invesco S&P 500 BuyWrite ETF 14.9 49 3 5.0 -1.5
TPIF Timothy Plan International ETF 14.8 62 -10 6.5 -0.1
SPY SPDR S&P 500 ETF Trust 14.8 9 43 5.4 -1.1
IVV iShares Core S&P 500 ETF 14.7 4 48 5.5 -1.1
SPLG SPDR Portfolio Large Cap ETF 14.7 3 49 5.5 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 14.7 15 37 5.9 -0.7
HSPX Global X S&P 500 Covered Call ETF 14.7 65 -13 4.9 -1.6
AVUS Avantis U.S. Equity ETF 14.7 15 37 5.8 -0.7
VOOV Vanguard S&P 500 Value ETF 14.6 15 37 7.5 +0.9
VOO VANGUARD S&P 500 ETF 14.6 3 49 5.5 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 14.6 4 48 7.5 +0.9
IVE iShares S&P 500 Value ETF 14.6 18 34 7.4 +0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 14.5 9 43 5.7 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.5 20 32 5.4 -1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 14.4 2 50 5.4 -1.2
PVAL Principal Contrarian Value Index ETF 14.4 29 23 10.2 +3.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.4 15 37 6.9 +0.3
VV Vanguard Large-Cap Index Fund 14.4 4 48 5.3 -1.2
TPHD Timothy Plan High Dividend Stock ETF 14.4 52 0 7.8 +1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 14.3 7 45 5.3 -1.3
TUSA First Trust Total US Market AlphaDEX ETF 14.3 70 -18 6.1 -0.5
PBUS Invesco PureBeta MSCI USA ETF 14.3 4 48 5.3 -1.2
TOK iShares MSCI Kokusai ETF 14.3 25 27 5.7 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 14.3 27 25 5.1 -1.5
SCHX Schwab U.S. Large-Cap ETF 14.2 3 49 5.4 -1.2
HLAL Wahed FTSE USA Shariah ETF 14.2 50 2 4.7 -1.9
SPXN ProShares S&P 500 Ex-Financials ETF 14.2 27 25 5.0 -1.5
VONV Vanguard Russell 1000 Value Index Fund 14.2 8 44 7.4 +0.8
DSI iShares MSCI KLD 400 Social ETF 14.1 25 27 5.2 -1.4
IWD iShares Russell 1000 Value ETF 14.1 19 33 7.3 +0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 14.0 75 -23 3.9 -2.7
VLU SPDR S&P 1500 Value Tilt ETF 14.0 12 40 7.6 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 13.9 27 25 5.4 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 13.9 25 27 6.6 +0.1
IWB iShares Russell 1000 ETF 13.9 15 37 5.3 -1.3
IUSV iShares Core S&P U.S. Value ETF 13.8 4 48 7.6 +1.0
URTH iShares MSCI World ETF 13.8 24 28 5.8 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 13.8 39 13 6.9 +0.4
FTA First Trust Large Cap Value AlphaDEX Fund 13.8 60 -8 9.4 +2.8
VUG Vanguard Growth Index Fund 13.8 4 48 4.1 -2.5
SPTM SPDR Portfolio Total Stock Market ETF 13.8 3 49 5.6 -1.0
FAB First Trust Multi Cap Value AlphaDEX Fund 13.7 71 -19 9.7 +3.1
SCHK Schwab 1000 Index ETF 13.7 5 47 5.3 -1.2
VONE Vanguard Russell 1000 ETF 13.7 8 44 5.3 -1.2
IYY iShares Dow Jones U.S. ETF 13.7 20 32 5.2 -1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 13.7 10 42 5.4 -1.2
BFOR Barron's 400 ETF 13.7 65 -13 6.4 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 13.7 10 42 5.4 -1.2
RWL Invesco S&P 500 Revenue ETF 13.6 39 13 7.3 +0.8
XT iShares Exponential Technologies ETF 13.6 47 5 5.2 -1.4
SFY SoFi Select 500 ETF 13.5 0 52 5.3 -1.2
ESGU iShares MSCI USA ESG Optimized ETF 13.5 15 37 5.2 -1.4
IWP iShares Russell Mid-Cap Growth ETF 13.3 24 28 4.2 -2.4
JQUA JPMorgan U.S. Quality Factor ETF 13.3 12 40 5.3 -1.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.2 20 32 7.7 +1.2
SCHB Schwab U.S. Broad Market ETF 13.2 3 49 5.3 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 13.2 30 22 6.2 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 13.2 3 49 5.3 -1.3
IWV iShares Russell 3000 ETF 13.2 20 32 5.1 -1.4
JMOM JPMorgan U.S. Momentum Factor ETF 13.2 12 40 3.9 -2.7
JDIV JPMorgan U.S. Dividend ETF 13.1 12 40 8.0 +1.4
VTHR Vanguard Russell 3000 Index Fund 13.1 10 42 5.2 -1.4

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 Global Hope Large Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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