SPDR S&P 500 ESG ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 NEUTRAL
2023E    2024E
P/E
ratio		 20.9x P/Sales
ratio		 2.7x
P/BV
ratio		 4.2x Div.
yield		 1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
EFIV tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors.

FUND BASICS
Category US Equities
Fund Sponsor State Street
Website www.ssga.com
Inception date Jul 27, 2020
Assets (mns) $1,067
Currency USD
Expense ratio 10 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 318
Wgt avg mkt cap (mns) $823,727
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.8 %
MICROSOFT CORP 9.6 %
AMAZON.COM INC 4.6 %
NVIDIA CORP 4.3 %
ALPHABET INC. CLASS A 2.8 %
ALPHABET INC. CLASS C 2.4 %
TESLA MOTORS INC 2.3 %
UNITEDHEALTH GROUP INC 1.7 %
ELI LILLY & CO 1.7 %
JPMORGAN CHASE & CO 1.6 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
IRELAND 1.1 %
BRITAIN 1.0 %
SWITZERLAND 0.5 %
NETHERLANDS 0.2 %
BERMUDA 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
23.0% 15.9% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 1.00 99%
MSCI EAFE 0.90 73%
MSCI Emg. Mkts. 0.61 37%

Technical Indicators
Recent close $44.43
30d moving avg. $41.53
Annualized volatility 17.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 61
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $116,746

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 37 potential alternatives to the SPDR S&P 500 ESG ETF ETF based on the alternatives' overlap in portfolio holdings with EFIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFIV Expense: 10 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFIV
Ticker Fund
Name		 Overlap1
vs EFIV
(%)		 Expense
ratio
(bp)		 Savings
vs EFIV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EFIV
(%)
XYLE Global X S&P 500 ESG Covered Call ETF 99.6 60 -50 5.4 -0.2
PBP Invesco S&P 500 BuyWrite ETF 76.4 49 -39 5.5 -0.0
XYLD Global X S&P 500 Covered Call ETF 76.2 60 -50 5.4 -0.1
XRMI Global X S&P 500 Risk Managed Income ETF 76.1 60 -50 5.5 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 75.7 60 -50 5.2 -0.4
XTR Global X S&P 500 Tail Risk ETF 75.2 26 -16 5.6 +0.1
XCLR Global X S&P 500 Collar 95-110 ETF 75.0 25 -15 5.7 +0.2
SFLR Innovator Equity Managed Floor ETF 61.8 89 -79 4.7 -0.8
ACIO Aptus Collared Income Opportunity ETF 51.9 79 -69 4.8 -0.8
QCLR Global X NASDAQ 100 Collar 95-110 ETF 49.6 25 -15 5.1 -0.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 49.6 60 -50 4.9 -0.7
QYLD Global X NASDAQ 100 Covered Call ETF 49.6 60 -50 5.1 -0.5
QTR Global X NASDAQ 100 Tail Risk ETF 49.6 26 -16 5.2 -0.3
QRMI Global X NASDAQ 100 Risk Managed Income ETF 49.6 60 -50 5.1 -0.4
NUSI Nationwide Risk-Managed Income ETF 49.6 68 -58 4.7 -0.9
FTQI First Trust Nasdaq BuyWrite Income ETF 49.2 85 -75 4.3 -1.2
FTHI First Trust High Income ETF 49.0 85 -75 5.6 +0.0
QYLE Global X Nasdaq 100 ESG Covered Call ETF 47.1 60 -50 5.4 -0.1
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 45.2 35 -25 5.0 -0.5
STLG iShares Factors US Growth Style ETF 40.1 25 -15 5.9 +0.4
MMLG First Trust Multi-Manager Large Growth ETF 39.8 85 -75 2.7 -2.8
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF 31.5 82 -72 7.1 +1.6
TYLG Global X Information Technology Covered Call & Growth ETF 29.9 60 -50 5.2 -0.3
DJIA Global X Dow 30 Covered Call ETF 27.4 60 -50 6.0 +0.5
DYLG Global X Dow 30 Covered Call & Growth ETF 27.3 60 -50 5.8 +0.2
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 25.9 55 -45 6.2 +0.7
CCOR Core Alternative ETF 24.2 107 -97 5.5 -0.1
THNQ ROBO Global Artificial Intelligence ETF 13.8 68 -58 2.0 -3.5
HYLG Global X Health Care Covered Call & Growth ETF 12.8 60 -50 7.3 +1.8
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 12.6 58 -48 3.2 -2.3
KNG FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 12.5 75 -65 6.2 +0.7
FYLG Global X Financials Covered Call & Growth ETF 12.3 60 -50 6.1 +0.5
XVOL Acruence Active Hedge U.S. Equity ETF 11.1 83 -73 5.4 -0.2
LCG Sterling Capital Focus Equity ETF 11.0 59 -49 5.1 -0.5
GRES IQ Global Resources ETF 5.4 30 -20 8.1 +2.6
GBLD Invesco MSCI Green Building ETF 0.1 39 -29 8.9 +3.3
RYLD Global X Russell 2000 Covered Call ETF 0.0 60 -50 3.7 -1.8

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 SPDR S&P 500 ESG ETF
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 20.4 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.41 CATEGORY
AVERAGE		 1.49
 
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.