Impact Shares Sustainable Development Goals Global ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
2.5x
P/BV
ratio
2.3x Div.
yield
2.7%


  • 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) $3
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) $276,789
Large cap (>$10bn) 88.8%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 0.6%
Developed mkts 98.9%
Emerging mkts 1.1%

TOP TEN HOLDINGS
MICROSOFT CORP 10.5 %
NESTLE SA-REG 5.2 %
BANK OF AMERICA CORP 4.8 %
PROCTER & GAMBLE CO/THE 4.8 %
ROCHE HOLDING AG-GENUSSCHEIN 4.5 %
MERCK & CO. INC. 3.9 %
WALT DISNEY CO/THE 3.7 %
PFIZER INC 3.6 %
ABBVIE INC 2.9 %
STARBUCKS CORP 2.8 %
Total 46.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 56.2 %
SWITZERLAND 10.2 %
AUSTRALIA 4.6 %
FRANCE 3.0 %
BRITAIN 3.0 %
GERMANY 2.4 %
NETHERLANDS 2.2 %
CANADA 1.6 %
DENMARK 1.6 %
SWEDEN 1.2 %

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.
-9.6% -2.0% -- -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.81 94%
MSCI EAFE 0.88 93%
MSCI Emg. Mkts. 0.68 83%

Technical Indicators
Recent close $20.29
30d moving avg. $20.12
Annualized volatility 17.8%
Short interest (ETF) 0.4%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $44,146

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.4%


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
(%)
IOO iShares Global 100 ETF 26.8 40 35 4.7 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 26.5 75 0 4.6 -0.8
EDOW First Trust Dow 30 Equal Weight ETF 23.9 50 25 6.0 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 23.1 75 0 4.6 -0.9
XLG Invesco S&P 500 Top 50 ETF 22.5 20 55 4.5 -0.9
RAFE PIMCO RAFI ESG U.S. ETF 22.4 29 46 7.9 +2.5
FDRR Fidelity Dividend ETF for Rising Rates 21.6 29 46 7.0 +1.6
DIA SPDR Dow Jones Industrial Average ETF Trust 21.3 16 59 5.7 +0.2
OEF iShares S&P 100 ETF 21.3 20 55 4.8 -0.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 21.0 52 23 5.1 -0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 21.0 10 65 5.3 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 20.9 10 65 5.3 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 20.2 49 26 4.1 -1.3
DSI iShares MSCI KLD 400 Social ETF 20.1 25 50 5.2 -0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.4 12 63 4.9 -0.6
YLDE ClearBridge Dividend Strategy ESG ETF 19.3 60 15 5.0 -0.4
NULC Nuveen ESG Large-Cap ETF 19.0 20 55 5.0 -0.4
SNPE Xtrackers S&P 500 ESG ETF 18.8 11 64 5.2 -0.3
RECS Columbia Research Enhanced Core ETF 18.7 15 60 5.7 +0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 18.6 28 47 6.4 +1.0
BVAL Brand Value ETF 18.4 65 10 6.2 +0.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 18.3 42 33 5.5 +0.1
MGV Vanguard Mega Cap Value ETF 18.2 7 68 7.3 +1.9
ESG FlexShares STOXX US ESG Impact Index Fund 18.1 32 43 5.1 -0.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 18.0 49 26 4.9 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 18.0 25 50 6.7 +1.2
FDVV Fidelity Core Dividend ETF 17.8 29 46 7.2 +1.7
STLG iShares Factors US Growth Style ETF 17.7 25 50 3.7 -1.7
JKF iShares Morningstar Large Cap Value ETF 17.3 25 50 7.6 +2.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 17.2 7 68 6.9 +1.5
FVAL Fidelity Value Factor ETF 17.0 29 46 8.1 +2.7
BKLC BNY Mellon US Large Cap Core Equity ETF 17.0 0 75 5.3 -0.2
DGRO iShares Core Dividend Growth ETF 17.0 8 67 6.7 +1.3
EFG iShares MSCI EAFE Growth ETF 16.9 40 35 4.6 -0.8
DTD WisdomTree U.S.Total Dividend Fund 16.8 28 47 6.7 +1.3
IWL iShares Russell Top 200 ETF 16.8 15 60 5.1 -0.4
SPHQ Invesco S&P 500 Quality ETF 16.8 15 60 4.7 -0.8
VTV Vanguard Value Index Fund 16.6 4 71 7.5 +2.1
JOYY Infusive Compounding Global Equities ETF 16.6 50 25 3.8 -1.6
MGC Vanguard Mega Cap Index Fund 16.5 7 68 5.3 -0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.5 30 45 6.1 +0.7
IQSI IQ Candriam ESG International Equity ETF 16.5 15 60 7.3 +1.9
NULV Nuveen ESG Large-Cap Value ETF 16.3 35 40 7.4 +2.0
IWY iShares Russell Top 200 Growth ETF 16.2 20 55 4.2 -1.3
IXJ iShares Global Healthcare ETF 16.2 46 29 6.3 +0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.1 28 47 6.5 +1.1
VOOG Vanguard S&P 500 Growth ETF 16.1 10 65 4.3 -1.2
OEUR O'shares FTSE Europe Quality Dividend ETF 16.1 48 27 6.6 +1.2
IDHQ Invesco S&P International Developed Quality ETF 16.1 29 46 5.1 -0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 16.1 4 71 4.4 -1.1
IVW iShares S&P 500 Growth ETF 16.0 18 57 4.2 -1.2
IEV iShares Europe ETF 15.9 59 16 6.8 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 15.8 12 63 5.0 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.7 14 61 7.0 +1.5
IQSU IQ Candriam ESG US Equity ETF 15.6 9 66 5.1 -0.3
VYM Vanguard High Dividend Yield Index ETF 15.5 6 69 7.4 +2.0
OUSA O'Shares FTSE US Quality Dividend ETF 15.5 48 27 5.7 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 15.5 8 67 6.5 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.4 20 55 5.0 -0.4
GDVD Principal Active Global Dividend Income ETF 15.4 58 17 5.1 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 15.3 60 15 4.4 -1.0
TMFC Motley Fool 100 Index ETF 15.3 50 25 3.8 -1.7
PBP Invesco S&P 500 BuyWrite ETF 15.3 49 26 5.0 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 15.3 9 66 7.4 +1.9
IUSG iShares Core S&P US Growth ETF 15.2 4 71 4.4 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.2 45 30 6.6 +1.2
IWF iShares Russell 1000 Growth ETF 15.2 19 56 4.2 -1.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.2 30 45 6.8 +1.4
FLEH Franklin FTSE Europe Hedged ETF 15.1 9 66 7.1 +1.7
RFEU First Trust Riverfront Dynamic Europe ETF 15.1 83 -8 5.4 -0.0
FLEE Franklin FTSE Europe ETF 15.1 9 66 7.0 +1.6
SPLG SPDR Portfolio Large Cap ETF 15.0 3 72 5.5 +0.0
SPY SPDR S&P 500 ETF Trust 15.0 9 66 5.4 -0.0
HSPX Global X S&P 500 Covered Call ETF 15.0 65 10 4.9 -0.6
IVV iShares Core S&P 500 ETF 15.0 4 71 5.5 +0.0
VOO VANGUARD S&P 500 ETF 15.0 3 72 5.5 +0.0
CCOR Core Alternative ETF 15.0 123 -48 4.4 -1.1
FDLO Fidelity Low Volatility Factor ETF 15.0 29 46 5.2 -0.3
SFYF SoFi 50 ETF 14.9 29 46 5.4 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 14.9 27 48 5.1 -0.4
SYE SPDR MFS Systematic Core Equity ETF 14.9 60 15 5.7 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 14.8 27 48 5.0 -0.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 14.8 35 40 6.9 +1.4
SCHV Schwab U.S. Large-Cap Value ETF 14.8 4 71 7.2 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.8 15 60 6.3 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 14.7 27 48 5.4 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.6 20 55 5.4 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 14.6 15 60 5.2 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 14.6 30 45 6.2 +0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 14.5 7 68 5.3 -0.2
IDMO Invesco S&P International Developed Momentum ETF 14.5 26 49 4.6 -0.9
VV Vanguard Large-Cap Index Fund 14.5 4 71 5.3 -0.1
ACIO Aptus Collared Income Opportunity ETF 14.5 79 -4 4.4 -1.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 14.4 59 16 3.7 -1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 14.3 25 50 6.2 +0.7
FQAL Fidelity Quality Factor ETF 14.3 29 46 5.5 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 14.3 2 73 5.4 -0.1
TOK iShares MSCI Kokusai ETF 14.3 25 50 5.6 +0.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 14.3 37 38 6.3 +0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 14.2 9 66 5.8 +0.3

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

  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 13.4 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.50
 
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.