Impact Shares Sustainable Development Goals Global ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.8x P/Sales
ratio
3.0x
P/BV
ratio
2.7x Div.
yield
2.1%


  • 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 24, 2018
Assets (mns) $4
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 129
Wgt avg mkt cap (mns) $262,928
Large cap (>$10bn) 91.6%
Mid cap ($2-10bn) 6.7%
Small cap (<$2bn) 0.1%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
MICROSOFT CORP 9.2 %
BANK OF AMERICA CORP 5.0 %
PROCTER & GAMBLE CO/THE 4.6 %
NESTLE SA-REG 4.4 %
WALT DISNEY CO/THE 4.0 %
ROCHE HOLDING AG-GENUSSCHEIN 3.6 %
MERCK & CO. INC. 3.3 %
ENPHASE ENERGY INC 3.3 %
PFIZER INC 3.2 %
STARBUCKS CORP 3.1 %
Total 43.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 58.4 %
SWITZERLAND 8.5 %
AUSTRALIA 4.5 %
FRANCE 3.1 %
BRITAIN 3.0 %
GERMANY 2.3 %
NETHERLANDS 2.1 %
DENMARK 1.6 %
CANADA 1.3 %
SWEDEN 1.2 %

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.
-2.6% 2.7% -- -- 5.6%

Market Correlations
versus... Beta R-squared
S&P500 0.81 94%
MSCI EAFE 0.89 92%
MSCI Emg. Mkts. 0.67 79%

Technical Indicators
Recent close $24.36
30d moving avg. $23.06
Annualized volatility 17.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $24,329

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Impact Shares Sustainable Development Goals Global ETF 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™: 4.9%


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
(%)
NACP Impact Shares NAACP Minority Empowerment ETF 25.6 75 0 4.5 -0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 25.0 75 0 3.7 -1.1
IOO iShares Global 100 ETF 25.0 40 35 4.4 -0.5
RAFE PIMCO RAFI ESG U.S. ETF 23.8 29 46 7.0 +2.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 23.5 12 63 4.5 -0.4
XLG Invesco S&P 500 Top 50 ETF 21.2 20 55 4.2 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 20.6 29 46 6.3 +1.4
OEF iShares S&P 100 ETF 20.1 20 55 4.5 -0.4
DIA SPDR Dow Jones Industrial Average ETF Trust 19.4 16 59 5.1 +0.2
SUSL iShares ESG MSCI USA Leaders ETF 19.4 10 65 4.9 +0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 19.4 10 65 4.9 +0.0
EDOW First Trust Dow 30 Equal Weight ETF 19.3 50 25 5.2 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.9 52 23 5.0 +0.1
DSI iShares MSCI KLD 400 Social ETF 18.7 25 50 4.7 -0.2
YLDE ClearBridge Dividend Strategy ESG ETF 18.3 60 15 4.5 -0.4
ECOZ TrueMark ESG Active Opportunities ETF 18.1 58 17 3.2 -1.6
MGV Vanguard Mega Cap Value ETF 17.9 7 68 6.7 +1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 17.9 28 47 6.0 +1.1
NULC Nuveen ESG Large-Cap ETF 17.9 20 55 4.6 -0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 17.4 42 33 4.8 -0.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 17.2 49 26 4.3 -0.6
FDVV Fidelity Core Dividend ETF 17.0 29 46 6.4 +1.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.9 49 26 3.9 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 16.9 32 43 4.7 -0.2
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 16.9 35 40 6.7 +1.8
JKF iShares Morningstar Large Cap Value ETF 16.9 25 50 7.0 +2.1
EFIV SPDR S&P 500 ESG ETF 16.8 10 65 4.7 -0.2
SNPE Xtrackers S&P 500 ESG ETF 16.8 10 65 4.7 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 16.8 25 50 6.1 +1.3
DGRO iShares Core Dividend Growth ETF 16.6 8 67 6.2 +1.3
ESGV Vanguard ESG U.S. Stock ETF 16.4 12 63 4.7 -0.2
VYM Vanguard High Dividend Yield Index ETF 16.2 6 69 6.9 +2.0
SPHQ Invesco S&P 500 Quality ETF 16.2 15 60 4.4 -0.5
IQSI IQ Candriam ESG International Equity ETF 16.1 15 60 6.7 +1.9
DTD WisdomTree U.S.Total Dividend Fund 16.0 28 47 6.2 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.0 60 15 3.8 -1.1
BKLC BNY Mellon US Large Cap Core Equity ETF 15.9 0 75 4.7 -0.1
EFG iShares MSCI EAFE Growth ETF 15.9 40 35 4.2 -0.7
MGC Vanguard Mega Cap Index Fund 15.9 7 68 4.8 -0.1
NULV Nuveen ESG Large-Cap Value ETF 15.8 35 40 6.6 +1.7
IWL iShares Russell Top 200 ETF 15.7 15 60 4.6 -0.3
VTV Vanguard Value Index Fund 15.5 4 71 6.7 +1.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 15.5 30 45 5.5 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.3 28 47 6.1 +1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.3 14 61 6.3 +1.4
VOOG Vanguard S&P 500 Growth ETF 15.3 10 65 4.1 -0.8
SPQQ Siren Large Cap Blend Index ETF 15.2 20 55 4.4 -0.5
IEV iShares Europe ETF 15.2 59 16 6.3 +1.4
DOL WisdomTree International LargeCap Dividend Fund 15.1 48 27 8.3 +3.4
ACIO Aptus Collared Income Opportunity ETF 15.0 79 -4 4.3 -0.6
IQSU IQ Candriam ESG US Equity ETF 14.9 9 66 4.7 -0.2
GDVD Principal Active Global Dividend Income ETF 14.9 58 17 4.4 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.9 45 30 6.2 +1.3
IXJ iShares Global Healthcare ETF 14.9 46 29 6.3 +1.4
OUSA O'Shares FTSE US Quality Dividend ETF 14.9 48 27 5.5 +0.7
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 14.8 59 16 3.7 -1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 14.8 4 71 4.1 -0.8
IVW iShares S&P 500 Growth ETF 14.8 18 57 4.0 -0.9
USXF iShares ESG Advanced MSCI USA ETF 14.7 10 65 4.6 -0.3
IWY iShares Russell Top 200 Growth ETF 14.7 20 55 3.7 -1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 14.7 58 17 5.7 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 14.6 8 67 5.9 +1.0
RESD WisdomTree International ESG Fund 14.6 30 45 6.3 +1.4
IDHQ Invesco S&P International Developed Quality ETF 14.5 29 46 4.7 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 14.5 9 66 6.7 +1.8
RECS Columbia Research Enhanced Core ETF 14.5 15 60 5.2 +0.4
STLG iShares Factors US Growth Style ETF 14.5 25 50 4.1 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 14.5 20 55 4.6 -0.3
FLEH Franklin FTSE Europe Hedged ETF 14.5 9 66 6.6 +1.8
PBP Invesco S&P 500 BuyWrite ETF 14.5 49 26 4.6 -0.2
CCOR Core Alternative ETF 14.4 109 -34 4.4 -0.5
HSPX Global X S&P 500 Covered Call ETF 14.4 60 15 4.6 -0.3
FLEE Franklin FTSE Europe ETF 14.3 9 66 6.5 +1.6
SFYF SoFi 50 ETF 14.3 29 46 1.0 -3.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.2 20 55 4.9 +0.0
SCHV Schwab U.S. Large-Cap Value ETF 14.2 4 71 6.2 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 14.2 27 48 4.9 -0.0
OEUR O'shares FTSE Europe Quality Dividend ETF 14.1 48 27 6.6 +1.7
IUSG iShares Core S&P US Growth ETF 14.1 4 71 4.1 -0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 14.1 60 15 4.6 -0.3
RFEU First Trust Riverfront Dynamic Europe ETF 14.0 83 -8 5.6 +0.7
VIG Vanguard Dividend Appreciation Index Fund 14.0 6 69 5.0 +0.1
SPY SPDR S&P 500 ETF Trust 14.0 9 66 4.9 +0.0
SPLG SPDR Portfolio Large Cap ETF 14.0 3 72 5.0 +0.1
IVV iShares Core S&P 500 ETF 14.0 3 72 5.0 +0.1
IWF iShares Russell 1000 Growth ETF 14.0 19 56 3.6 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 13.9 15 60 5.8 +0.9
QWLD SPDR MSCI World StrategicFactors ETF 13.8 30 45 5.6 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 13.7 27 48 4.6 -0.3
VOO VANGUARD S&P 500 ETF 13.7 3 72 5.0 +0.1
FLV American Century Focused Large Cap Value ETF 13.7 42 33 5.8 +0.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 13.7 37 38 5.6 +0.7
TMFC Motley Fool 100 Index ETF 13.7 50 25 3.2 -1.7
VONG Vanguard Russell 1000 Growth Index Fund 13.6 8 67 3.7 -1.2
VOOV Vanguard S&P 500 Value ETF 13.6 10 65 6.7 +1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 13.5 25 50 5.7 +0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 13.4 20 55 6.2 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 13.4 27 48 4.6 -0.3
PWV Invesco Dynamic Large Cap Value ETF 13.4 56 19 7.6 +2.7

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 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 14.3 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.48
 
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.