InsightShares Patriotic Employers
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.1x P/Sales
ratio
1.1x
P/BV
ratio
2.2x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
InsightShares Patriotic Employers ETF is an exchange-traded fund incorporated in the USA. It seeks to track the Military Veterans Index.

FUND BASICS
Category US Equities
Fund Sponsor UBS
Website insightshares.com
Inception date Jan 19, 2018
Assets (mns) $1
Currency USD
Expense ratio 65 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 91
Wgt avg mkt cap (mns) $77,798
Large cap (>$10bn) 89.6%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED RENTALS INC 1.3 %
APPLIED MATERIALS INC 1.3 %
CIGNA CORP 1.3 %
HUMANA INC 1.3 %
OSHKOSH CORP 1.3 %
HEWLETT PACKARD ENTERPRISE CO. 1.3 %
HUNTINGTON INGALLS INDUSTRIE 1.2 %
JONES LANG LASALLE INC 1.2 %
DAVITA INC 1.2 %
ANTHEM INC 1.2 %
Total 12.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 2.2 %
BERMUDA 1.1 %








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.
26.1% 17.0% -- -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.06 94%
MSCI EAFE 1.10 75%
MSCI Emg. Mkts. 0.88 66%

Technical Indicators
Recent close $27.61
30d moving avg. $26.79
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $29,502

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: HONR Expense: 65 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HONR
Ticker Fund
Name
Overlap1
vs HONR
(%)
Expense
ratio
(bp)
Savings
vs HONR
(bp)
ALTAR
Score™
(%)
ALTAR
vs HONR
(%)
VETS Pacer Military Times Best Employers 37.2 60 5 6.4 -0.6
EQWL Invesco Fundamental Pure Large Core 32.9 25 40 6.4 -0.6
RWL Invesco S&P 500 Revenue ETF 29.4 39 26 7.5 +0.5
DLN WisdomTree Large Cap Dividend 29.0 28 37 6.5 -0.5
USDY Pacific Global US Equity Income 28.8 29 36 7.6 +0.6
MGV Vanguard Mega Cap 300 Value 28.4 7 58 7.0 +0.0
DIVB iShares U.S. Dividend & Buyback 28.1 25 40 6.6 -0.4
VTV Vanguard Value ETF 27.8 4 61 7.2 +0.2
FNDX Schwab Fundamental Large Cap 27.7 25 40 6.6 -0.4
PRID InsightShares LGBT Employment Equality 27.7 65 0 5.4 -1.6
SPYB SPDR S&P 500 Buyback 27.3 35 30 7.3 +0.3
IWL iShares Russell Top 200 27.0 15 50 5.7 -1.3
FVAL Fidelity Value Factor 27.0 29 36 8.1 +1.1
EPS WisdomTree Earnings 500 27.0 8 57 6.9 -0.1
VYM Vanguard High Dividend Yield ETF 27.0 6 59 7.2 +0.2
VLU SPDR S&P 1500 Value Tilt 26.9 12 53 7.5 +0.5
ESGL Invesco ESG Revenue ETF 26.9 40 25 7.8 +0.7
SCHV Schwab U.S. Large-Cap Value 26.7 4 61 7.0 -0.0
SPYV SPDR Portfolio S&P 500 Value 26.7 4 61 7.1 +0.1
IVE iShares S&P 500 Value 26.7 18 47 7.0 -0.0

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

  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:
InsightShares Patriotic Employers
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 15.3 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.