InsightShares LGBT Employment Equality
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.7x P/Sales
ratio
1.9x
P/BV
ratio
3.4x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The InsightShares LGBT Employment Equality ETF tracks a principles-based, market-cap-weighted index of US-listed large- and midcap companies with workplaces that promote and provide equality for LGBT employees.

FUND BASICS
Category US Equities
Fund Sponsor UBS
Website insightshares.com
Inception date Jan 11, 2018
Assets (mns) $3
Currency USD
Expense ratio 65 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 299
Wgt avg mkt cap (mns) $325,155
Large cap (>$10bn) 98.1%
Mid cap ($2-10bn) 2.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.1 %
MICROSOFT CORP 5.8 %
AMAZON.COM INC 4.4 %
FACEBOOK 2.4 %
JPMORGAN CHASE & CO 2.1 %
ALPHABET INC. CLASS A 2.0 %
JOHNSON & JOHNSON 1.8 %
WAL-MART STORES INC 1.7 %
VISA INC-CLASS A SHARES 1.6 %
EXXON MOBIL CORP 1.5 %
Total 29.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.5 %










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.
22.6% 13.0% -- -- 6.2%

Market Correlations
versus... Beta R-squared
S&P500 0.98 99%
MSCI EAFE 0.96 73%
MSCI Emg. Mkts. 0.74 59%

Technical Indicators
Recent close $27.37
30d moving avg. $28.00
Annualized volatility 14.7%
Short interest (ETF) 0.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 2.0%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $96,182

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PRID Expense: 65 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PRID
Ticker Fund
Name
Overlap1
vs PRID
(%)
Expense
ratio
(bp)
Savings
vs PRID
(bp)
ALTAR
Score™
(%)
ALTAR
vs PRID
(%)
IWL iShares Russell Top 200 78.3 15 50 5.7 0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity 76.9 20 45 5.6 -0.1
SNPE Xtrackers S&P 500 ESG 76.6 11 54 5.8 +0.1
MGC Vanguard Mega Cap 300 ETF 76.4 7 58 5.8 +0.1
SPXN ProShares S&P 500 Ex-Financials 74.5 27 38 5.9 +0.2
PBP Invesco S&P 500 Buy/Write 74.4 49 16 5.6 -0.1
OEF iShares S&P 100 73.4 20 45 5.5 -0.2
HSPX Global X S&P 500 Covered Call 72.5 65 0 5.5 -0.2
SPXE ProShares S&P 500 Ex-Energy 71.7 27 38 5.9 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 71.6 20 45 5.9 +0.3
SPY S&P 500 SPDR 71.4 9 56 5.9 +0.2
SPLG SPDR Portfolio Large Cap 71.4 3 62 5.8 +0.1
IVV iShares Core S&P 500 71.3 4 61 6.0 +0.3
VOO Vanguard S&P 500 ETF 71.2 3 62 6.0 +0.3
SPXV ProShares S&P 500 Ex-Health Care 70.4 27 38 5.7 -0.0
OVOL Invesco Russell 1000 Low Volatility Factor ETF 69.7 19 46 5.6 -0.1
SFY SoFi Select 500 69.2 0 65 5.6 -0.1
PBUS Invesco PureBeta MSCI USA 69.1 4 61 6.0 +0.3
BBUS JP Morgan Betabuilders U.S. Equity 68.7 2 63 5.9 +0.2
VV Vanguard Large-Cap ETF 68.7 4 61 5.8 +0.1

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 LGBT Employment Equality
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 18.9 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.