Impact Shares Sustainable Development Goals Global
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.4x P/Sales
ratio
2.2x
P/BV
ratio
2.5x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Impact Shares Sustainable Development Goals Global Equity ETF tracks an index of global stocks that rank highly for societal development and ESG metrics. Holdings are weighted to maximize exposure to high-ranking firms, subject to marketlike constraints.

FUND BASICS
Category Global Equities
Fund Sponsor Impact Shares
Website www.impactetfs.org
Inception date Sep 20, 2018
Assets (mns) $1
Currency USD
Expense ratio 75 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 133
Wgt avg mkt cap (mns) $202,204
Large cap (>$10bn) 95.8%
Mid cap ($2-10bn) 4.2%
Small cap (<$2bn) 0.0%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
NESTLE SA-REG 6.8 %
MICROSOFT CORP 6.1 %
MERCK & CO. INC. 5.6 %
PROCTER & GAMBLE CO/THE 5.4 %
ROCHE HOLDING AG-GENUSSCHEIN 5.1 %
BANK OF AMERICA CORP 4.7 %
INTEL CORP 4.0 %
WALT DISNEY CO/THE 3.9 %
HEWLETT PACKARD ENTERPRISE CO. 3.5 %
PFIZER INC 2.4 %
Total 47.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 56.8 %
SWITZERLAND 12.4 %
AUSTRALIA 6.3 %
FRANCE 4.1 %
NETHERLANDS 3.5 %
GERMANY 2.9 %
SWEDEN 2.4 %
DENMARK 2.0 %
CANADA 2.0 %
IRELAND 0.7 %

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.
17.9% 14.0% -- -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.77 95%
MSCI EAFE 0.87 87%
MSCI Emg. Mkts. 0.70 79%

Technical Indicators
Recent close $21.67
30d moving avg. $21.08
Annualized volatility 14.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 86

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $19,790

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Impact Shares Sustainable Development Goals Global ETF based on the alternatives' overlap in portfolio holdings with SDGA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SDGA Expense: 75 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDGA
Ticker Fund
Name
Overlap1
vs SDGA
(%)
Expense
ratio
(bp)
Savings
vs SDGA
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDGA
(%)
SPHQ Invesco S&P High Quality Portfolio 24.9 15 60 5.6 -0.1
EDOW First Trust Dow 30 Equal Weight 24.2 50 25 6.2 +0.5
IOO iShares S&P Global 100 23.1 40 35 5.4 -0.2
FDRR Fidelity Dividend for Rising Rates 22.8 29 46 7.8 +2.2
NACP Impact Shares NAACP Minority Empowerment 22.0 75 0 5.6 -0.1
WOMN Impact Shares YWCA Women's Empowerment 21.2 75 0 5.4 -0.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 21.1 42 33 5.7 +0.0
SPMO Invesco S&P 500 Momentum Portfolio 21.0 13 62 4.2 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 20.9 32 43 5.4 -0.2
NULV NuShares ESG Large-Cap Value 20.8 35 40 6.6 +0.9
YLDE ClearBridge Dividend Strategy ESG 20.5 60 15 4.6 -1.0
OEF iShares S&P 100 20.5 20 55 5.5 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity 20.2 10 65 5.7 +0.1
SUSL iShares ESG MSCI USA Leaders 20.2 10 65 5.7 +0.1
DSI iShares MSCI KLD 400 Social 20.2 25 50 5.6 -0.1
MTUM iShares MSCI USA Momentum Factor 20.1 15 60 4.3 -1.3
JKF iShares Morningstar Large Value 19.9 25 50 7.7 +2.1
MGV Vanguard Mega Cap 300 Value 19.6 7 68 7.1 +1.4
DIVB iShares U.S. Dividend & Buyback 19.4 25 50 6.6 +1.0
IWX iShares Russell Top 200 Value 19.4 20 55 7.0 +1.3

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:
Impact Shares Sustainable Development Goals Global
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 14.5 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.54
 
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.