Inspire Global Hope Large Cap ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 24.5x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 2.4%


  • 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) $107
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 303
Wgt avg mkt cap (mns) $24,621
Large cap (>$10bn) 64.0%
Mid cap ($2-10bn) 33.1%
Small cap (<$2bn) 2.9%
Developed mkts 89.8%
Emerging mkts 10.2%

TOP TEN HOLDINGS
TOP GLOVE CORP BHD 0.5 %
G4S PLC 0.5 %
MOSAIC CO/THE 0.5 %
VESTAS WIND SYSTEMS A/S 0.5 %
FREEPORT-MCMORAN COPPER 0.5 %
INFOSYS TECHNOLOGIES LTD 0.5 %
VARIAN MEDICAL SYSTEMS INC 0.5 %
FRESNILLO PLC 0.5 %
NVIDIA CORP 0.4 %
ROYAL MAIL PLC 0.4 %
Total 4.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 50.1 %
BRITAIN 12.2 %
AUSTRALIA 5.0 %
FRANCE 4.5 %
SWITZERLAND 3.6 %
BRAZIL 2.3 %
INDIA 2.1 %
NETHERLANDS 2.0 %
DENMARK 1.8 %
SWEDEN 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% 8.9% -- -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.11 89%
MSCI EAFE 1.23 92%
MSCI Emg. Mkts. 0.93 82%

Technical Indicators
Recent close $27.82
30d moving avg. $28.53
Annualized volatility 20.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.2%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $5,891

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 43.8 80 -28 7.3 +0.7
TPLC Timothy Plan US Large Cap Core ETF 31.6 52 0 5.4 -1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 30.8 17 35 6.5 -0.1
RSP Invesco S&P 500 Equal Weight ETF 28.8 20 32 6.6 -0.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 26.5 29 23 7.9 +1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 25.2 9 43 6.0 -0.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 24.5 4 48 5.5 -1.1
VO Vanguard Mid-Cap Index Fund 24.3 4 48 5.2 -1.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 23.5 18 34 6.2 -0.4
IWR iShares Russell Midcap ETF 23.4 19 33 5.6 -1.0
SIZE iShares Edge MSCI USA Size Factor ETF 23.2 15 37 6.1 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 23.0 15 37 6.2 -0.4
SCIU Global X Scientific Beta US ETF 22.4 19 33 6.0 -0.6
FEX First Trust Large Cap Core AlphaDEX Fund 22.2 60 -8 6.0 -0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 22.1 35 17 5.8 -0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 21.8 35 17 5.8 -0.8
BIBL Inspire ETF 21.4 35 17 4.8 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.3 20 32 7.0 +0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 21.2 17 35 6.4 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 20.7 24 28 6.2 -0.4
IWS iShares Russell Mid-Cap Value ETF 20.6 24 28 7.1 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 20.4 20 32 6.4 -0.2
JHMM John Hancock Multifactor Mid Cap ETF 19.7 42 10 5.7 -0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 19.6 35 17 5.4 -1.2
JHML John Hancock Multifactor Large Cap ETF 18.4 29 23 5.9 -0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 18.2 30 22 4.6 -2.0
RNLC Large Cap US Equity Select ETF 18.2 60 -8 6.3 -0.3
MAGA Point Bridge GOP Stock Tracker ETF 17.6 72 -20 6.4 -0.2
ETHO Etho Climate Leadership U.S. ETF 17.4 47 5 4.5 -2.1
EQAL Invesco Russell 1000 Equal Weight ETF 17.1 20 32 5.7 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.8 29 23 6.9 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.7 9 43 6.1 -0.5
VOE Vanguard Mid-Cap Value Index Fund 16.7 7 45 7.8 +1.2
AFLG First Trust Active Factor Large Cap ETF 16.2 55 -3 6.3 -0.3
TPIF Timothy Plan International ETF 16.0 62 -10 6.2 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.3 30 22 6.6 -0.0
CATH Global X S&P 500 Catholic Values Custom ETF 15.1 29 23 5.8 -0.8
FTC First Trust Large Cap Growth AlphaDEX Fund 15.0 61 -9 2.9 -3.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.8 15 37 6.8 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 14.8 75 -23 4.1 -2.5
QUS SPDR MSCI USA StrategicFactors ETF 14.7 15 37 6.2 -0.4
ROUS Hartford Multifactor US Equity ETF 14.6 19 33 6.5 -0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 14.5 9 43 6.1 -0.5
SCID Global X Scientific Beta Europe ETF 14.4 39 13 6.5 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 14.2 12 40 5.6 -1.0
TOK iShares MSCI Kokusai ETF 14.2 25 27 5.9 -0.7
ONEY SPDR Russell 1000 Yield Focus ETF 14.2 20 32 9.1 +2.5
PBP Invesco S&P 500 BuyWrite ETF 14.1 49 3 5.6 -1.0
VOOV Vanguard S&P 500 Value ETF 14.1 10 42 7.3 +0.7
JDIV JPMorgan U.S. Dividend ETF 14.0 12 40 7.9 +1.3
XT iShares Exponential Technologies ETF 14.0 47 5 5.1 -1.5
JMOM JPMorgan U.S. Momentum Factor ETF 14.0 12 40 3.9 -2.7
FTA First Trust Large Cap Value AlphaDEX Fund 13.9 60 -8 9.3 +2.8
IVE iShares S&P 500 Value ETF 13.9 18 34 7.2 +0.6
QWLD SPDR MSCI World StrategicFactors ETF 13.9 30 22 6.3 -0.3
SPYV SPDR Portfolio S&P 500 Value ETF 13.9 4 48 7.4 +0.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.8 20 32 7.6 +1.0
XYLG Global X S&P 500 Covered Call & Growth ETF 13.8 60 -8 5.6 -1.0
IVV iShares Core S&P 500 ETF 13.8 3 49 6.0 -0.6
HSPX Global X S&P 500 Covered Call ETF 13.8 60 -8 5.5 -1.1
SPLG SPDR Portfolio Large Cap ETF 13.8 3 49 6.0 -0.6
ACWF iShares FactorSelect MSCI Global ETF 13.8 35 17 8.0 +1.4
SPY SPDR S&P 500 ETF Trust 13.8 9 43 6.0 -0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 13.8 20 32 6.0 -0.6
EXI iShares Global Industrials ETF 13.8 46 6 5.5 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 13.7 27 25 5.5 -1.1
TPHD Timothy Plan High Dividend Stock ETF 13.7 52 0 7.6 +1.0
URTH iShares MSCI World ETF 13.7 24 28 6.0 -0.6
VOT Vanguard Mid-Cap Growth Index Fund 13.7 7 45 3.2 -3.4
PBUS Invesco PureBeta MSCI USA ETF 13.6 4 48 5.9 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 13.6 2 50 5.9 -0.7
VOO VANGUARD S&P 500 ETF 13.6 3 49 6.0 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 13.5 12 40 5.5 -1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 13.5 7 45 5.9 -0.7
IUS Invesco Strategic US ETF 13.5 19 33 7.0 +0.4
JKG iShares Morningstar Mid-Cap ETF 13.4 25 27 5.3 -1.3
TUSA First Trust Total US Market AlphaDEX ETF 13.4 70 -18 6.1 -0.5
VV Vanguard Large-Cap Index Fund 13.4 4 48 5.8 -0.8
SCHX Schwab U.S. Large-Cap ETF 13.4 3 49 5.9 -0.7
AVUS Avantis U.S. Equity ETF 13.4 15 37 6.1 -0.5
SCHV Schwab U.S. Large-Cap Value ETF 13.4 4 48 7.1 +0.6
IUSV iShares Core S&P U.S. Value ETF 13.3 4 48 7.5 +0.9
VUG Vanguard Growth Index Fund 13.2 4 48 5.5 -1.1
IYY iShares Dow Jones U.S. ETF 13.1 20 32 5.7 -0.9
SCHK Schwab 1000 Index ETF 13.1 5 47 5.8 -0.8
BFOR Barron's 400 ETF 13.1 65 -13 6.4 -0.2
IWB iShares Russell 1000 ETF 13.0 15 37 5.6 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 13.0 27 25 6.0 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 13.0 3 49 6.1 -0.5
VONE Vanguard Russell 1000 ETF 12.9 8 44 5.7 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 12.8 27 25 5.7 -0.9
FLQL Franklin LibertyQ U.S. Equity ETF 12.8 15 37 6.2 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 12.8 27 25 5.7 -0.9
IWD iShares Russell 1000 Value ETF 12.8 19 33 6.9 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 12.7 15 37 5.7 -0.9
ESGV Vanguard ESG U.S. Stock ETF 12.7 12 40 5.8 -0.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.7 25 27 7.3 +0.7
VLU SPDR S&P 1500 Value Tilt ETF 12.7 12 40 7.6 +1.0
VTHR Vanguard Russell 3000 Index Fund 12.6 10 42 5.6 -1.0
VONV Vanguard Russell 1000 Value Index Fund 12.6 8 44 7.0 +0.4

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 10.4 %
Divided by: Fwd. P/BV 1.5 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		 1.63 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.