Impact Shares MSCI Global Climate Select ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2022E    2023E
P/E
ratio
16.9x P/Sales
ratio
2.1x
P/BV
ratio
2.3x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
NTZO tracks an index of global companies selected and weighted for lower carbon emissions and various ESG factors.

FUND BASICS
Category Global Equities
Fund Sponsor Impact Shares
Website impactetfs.org/ntzo-etf/
Inception date Nov 02, 2021
Assets (mns) $2
Currency USD
Expense ratio 30 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 7
Wgt avg mkt cap (mns) $812,833
Large cap (>$10bn) 93.1%
Mid cap ($2-10bn) 6.2%
Small cap (<$2bn) 0.0%
Developed mkts 98.6%
Emerging mkts 1.4%

TOP TEN HOLDINGS
GOODMAN GROUP 0.6 %
TRANSURBAN GROUP 0.5 %
DEXUS PROPERTY GROUP 0.2 %
BRAMBLES LTD 0.1 %
INSURANCE AUSTRALIA GROUP 0.1 %
AUST AND NZ BANKING GROUP 0.1 %
SEEK LTD 0.1 %
Total 1.7 %

TOP COUNTRY EXPOSURE
AUSTRALIA 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.
-12.6% -- -- -- -12.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $16.01
30d moving avg. $16.42
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $137,693

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 147 potential alternatives to the Impact Shares MSCI Global Climate Select ETF ETF based on the alternatives' overlap in portfolio holdings with NTZO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NTZO Expense: 30 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NTZO
Ticker Fund
Name
Overlap1
vs NTZO
(%)
Expense
ratio
(bp)
Savings
vs NTZO
(bp)
ALTAR
Score™
(%)
ALTAR
vs NTZO
(%)
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 1.7 19 11 6.7 +0.7
EWA iShares MSCI Australia ETF 1.7 51 -21 6.3 +0.3
EPP iShares MSCI Pacific ex-Japan ETF 1.7 48 -18 6.3 +0.3
NTZO Impact Shares MSCI Global Climate Select ETF 1.7 30 0 6.1 0.0
IPAC iShares Core MSCI Pacific ETF 1.3 9 21 7.3 +1.3
VPL Vanguard FTSE Pacific ETF 1.2 8 22 7.8 +1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.1 14 16 7.1 +1.1
GREI Goldman Sachs Future Real Estate and Infrastructure Equity E 1.1 75 -45 3.3 -2.8
ESGD iShares MSCI EAFE ESG Optimized ETF 1.0 20 10 7.5 +1.5
EFG iShares MSCI EAFE Growth ETF 1.0 40 -10 4.9 -1.2
DMXF iShares ESG Advanced MSCI EAFE ETF 1.0 12 18 7.1 +1.0
IDLV Invesco S&P International Developed Low Volatility ETF 0.9 25 5 6.7 +0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 0.9 30 0 7.0 +1.0
WWJD Inspire International ESG ETF 0.9 80 -50 7.0 +0.9
IQSI IQ Candriam ESG International Equity ETF 0.8 15 15 7.8 +1.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 0.8 35 -5 7.4 +1.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 18 9.9 +3.9
HAUZ Xtrackers International Real Estate ETF 0.8 10 20 8.6 +2.5
WPS iShares International Developed Property ETF 0.8 48 -18 7.2 +1.2
GQRE FlexShares Global Quality Real Estate Index Fund 0.8 45 -15 6.8 +0.8
AVRE Avantis Real Estate ETF 0.8 17 13 5.9 -0.2
DRW WisdomTree Global ex-US Real Estate Fund 0.8 58 -28 4.6 -1.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.7 24 6 8.6 +2.6
ISZE iShares Edge MSCI Intl Size Factor ETF 0.7 30 0 7.3 +1.2
RESD WisdomTree International ESG Fund 0.7 30 0 7.8 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.7 30 0 7.2 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.7 20 10 7.3 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 0.7 20 10 7.8 +1.8
EFA iShares MSCI EAFE ETF 0.7 32 -2 7.6 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.7 20 10 7.7 +1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.6 36 -6 7.2 +1.2
BKIE BNY Mellon International Equity ETF 0.6 4 26 7.8 +1.8
EXI iShares Global Industrials ETF 0.6 43 -13 6.1 +0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.6 7 23 8.0 +1.9
IEFA iShares Core MSCI EAFE ETF 0.6 7 23 7.6 +1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -53 10.4 +4.3
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 0.6 61 -31 7.7 +1.7
DWCR Arrow DWA Country Rotation ETF 0.6 136 -106 6.9 +0.9
FICS First Trust International Developed Capital Strength ETF 0.6 70 -40 5.9 -0.2
VSGX Vanguard ESG International Stock ETF 0.6 12 18 7.8 +1.8
IDHQ Invesco S&P International Developed Quality ETF 0.6 29 1 7.5 +1.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.5 4 26 7.6 +1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.5 40 -10 8.7 +2.7
VYMI Vanguard International High Dividend Yield ETF 0.5 27 3 11.3 +5.3
IDEV iShares Core MSCI International Developed Markets ETF 0.5 5 25 7.7 +1.7
SCHF Schwab International Equity ETF 0.5 6 24 8.1 +2.1
JHMD John Hancock Multifactor Developed International ETF 0.5 39 -9 8.1 +2.1
VEA Vanguard FTSE Developed Markets ETF 0.5 5 25 7.9 +1.8
RNDM First Trust Developed International Equity Select ETF 0.5 65 -35 7.2 +1.2
DWM WisdomTree International Equity Fund 0.5 48 -18 8.9 +2.8
BLES Inspire Global Hope Large Cap ETF 0.5 52 -22 6.4 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 0.5 30 0 7.3 +1.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 -17 6.1 +0.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 47 -17 4.9 -1.2
GLIF AGFiQ Global Infrastructure ETF 0.5 45 -15 4.8 -1.3
GII SPDR S&P Global Infrastructure ETF 0.5 40 -10 4.2 -1.9
IGF iShares Global Infrastructure ETF 0.5 43 -13 4.2 -1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 -4 10.1 +4.1
RDMX SPDR Bloomberg SASB Developed Markets EX US ESG Select ETF 0.5 12 18 8.0 +2.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.5 35 -5 10.2 +4.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 -2 8.0 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 22 8.1 +2.1
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 0 7.8 +1.8
PXUS Principal International Adaptive Multi-Factor ETF 0.4 24 6 7.8 +1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -11 7.5 +1.4
DIM WisdomTree International MidCap Dividend Fund 0.4 58 -28 8.9 +2.8
DOL WisdomTree International LargeCap Dividend Fund 0.4 48 -18 8.8 +2.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 0.4 29 1 8.6 +2.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.4 80 -50 6.4 +0.3
DFAI Dimensional International Core Equity Market ETF 0.4 18 12 7.3 +1.3
VXUS Vanguard Total International Stock ETF 0.4 8 22 8.0 +2.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.4 29 1 9.5 +3.5
IXUS ishares Core MSCI Total International Stock ETF 0.4 9 21 8.0 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.4 45 -15 9.1 +3.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 0.4 20 10 5.8 -0.2
PDEV Principal International Multi-Factor Core Index ETF 0.4 25 5 0.0 -6.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 5 8.4 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 -9 8.6 +2.6
SDGA Impact Shares Sustainable Development Goals Global ETF 0.3 75 -45 7.2 +1.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 0.3 42 -12 6.5 +0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.3 45 -15 7.8 +1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 18 6.3 +0.2
DTH WisdomTree International High Dividend Fund 0.3 58 -28 10.2 +4.1
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 5 9.5 +3.4
EFV iShares MSCI EAFE Value ETF 0.3 39 -9 9.9 +3.8
WKLY SoFi Weekly Dividend ETF 0.3 49 -19 8.3 +2.2
RODE Hartford Multifactor Diversified International ETF 0.3 29 1 11.6 +5.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 0.3 30 0 7.3 +1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 10 6.7 +0.7
AVDE Avantis International Equity ETF 0.3 23 7 8.9 +2.8
DFIC Dimensional International Core Equity 2 ETF 0.3 23 7 7.4 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.3 9 21 6.6 +0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 0.3 30 0 7.8 +1.7
TOK iShares MSCI Kokusai ETF 0.3 25 5 6.5 +0.5
URTH iShares MSCI World ETF 0.2 24 6 6.5 +0.4
INTF iShares Edge MSCI Multifactor Intl ETF 0.2 30 0 10.5 +4.4
JPIN JPMorgan Diversified Return International Equity ETF 0.2 37 -7 9.2 +3.1
DWMF WisdomTree International Multifactor Fund 0.2 38 -8 8.0 +2.0
MOTG VanEck Morningstar Global Wide Moat ETF 0.2 52 -22 6.9 +0.8
JIDA JPMorgan ActiveBuilders International Equity ETF 0.2 25 5 8.1 +2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 -9 8.3 +2.2
ACWI iShares MSCI ACWI ETF 0.2 32 -2 6.7 +0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 21 6.6 +0.5
AVIV Avantis International Large Cap Value ETF 0.2 25 5 10.9 +4.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 -9 6.6 +0.6
IXG iShares Global Financials ETF 0.2 43 -13 10.3 +4.3
VT Vanguard Total World Stock ETF 0.2 8 22 6.8 +0.8
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 10 7.5 +1.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 0.2 80 -50 11.6 +5.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 0.2 39 -9 11.3 +5.3
FDT First Trust Developed Markets ex-US Alphadex Fund 0.2 80 -50 11.3 +5.2
IFGL iShares International Developed Real Estate ETF 0.2 48 -18 7.2 +1.1
RWX SPDR Dow Jones International Real Estate ETF 0.2 59 -29 6.2 +0.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.2 60 -30 6.2 +0.1
REET iShares Global REIT ETF 0.2 14 16 6.1 +0.1
RWO SPDR Dow Jones Global Real Estate ETF 0.2 50 -20 5.8 -0.2
BKIS BNY Mellon Sustainable International Equity ETF 0.2 70 -40 5.8 -0.3
RITA ETFB Green SRI REITs ETF 0.2 50 -20 4.6 -1.5
WLDR Affinity World Leaders Equity ETF 0.2 67 -37 10.4 +4.3
QINT American Century Quality Diversified International ETF 0.2 39 -9 9.8 +3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 31 -1 9.1 +3.0
IPKW Invesco International BuyBack Achievers ETF 0.1 55 -25 11.8 +5.8
MOTI VanEck Morningstar International Moat ETF 0.1 58 -28 10.2 +4.1
DIHP Dimensional International High Profitability ETF 0.1 29 1 7.8 +1.8
RBIN Nationwide Risk-Based International Equity ETF 0.1 42 -12 7.2 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.1 32 -2 6.6 +0.6
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 0 6.7 +0.7
DEW WisdomTree Global High Dividend Fund 0.1 58 -28 8.9 +2.9
AIVI WisdomTree International AI Enhanced Value Fund 0.1 58 -28 9.2 +3.2
DVYA iShares Asia/Pacific Dividend ETF 0.1 49 -19 13.1 +7.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.1 47 -17 12.0 +6.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.1 65 -35 11.2 +5.1
DFIV Dimensional International Value ETF 0.1 35 -5 10.5 +4.5
IDOG ALPS International Sector Dividend Dogs ETF 0.1 50 -20 10.1 +4.0
FIDI Fidelity International High Dividend ETF 0.1 39 -9 9.9 +3.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 0.1 45 -15 9.9 +3.8
ESGN Columbia Sustainable International Equity Income ETF 0.1 45 -15 9.6 +3.6
CIL VictoryShares International Volatility Weighted Index ETF 0.1 45 -15 7.8 +1.7
IVLU iShares Edge MSCI Intl Value Factor ETF 0.1 30 0 11.6 +5.5
IXP iShares Global Comm Services ETF 0.1 43 -13 7.7 +1.6
ERSX ERShares NextGen Entrepreneurs ETF 0.1 75 -45 6.4 +0.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 -19 5.4 -0.6
FDNI First Trust Dow Jones International Internet ETF 0.1 65 -35 2.1 -4.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 0.1 23 7 8.8 +2.8
IQIN IQ 500 International ETF 0.1 25 5 9.4 +3.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 0.1 45 -15 7.4 +1.3
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -59 6.9 +0.8

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%.

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RESULTS & ESTIMATES

  2017 2018 2019 2020 2021 2022E 2023E
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
  2021 2022E 2023E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Impact Shares MSCI Global Climate Select 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 13.9 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.45
 
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.