Timothy Plan International ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2021E    2022E
P/E
ratio		 17.4x P/Sales
ratio		 1.4x
P/BV
ratio		 1.5x Div.
yield		 2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
TPIF tracks a volatility-weighted index of international stocks screened for defined Christian values.

FUND BASICS
Category International Equities
Fund Sponsor Timothy Partners Ltd.
Website timothyplan.com
Inception date Dec 02, 2019
Assets (mns) $72
Currency USD
Expense ratio 62 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 384
Wgt avg mkt cap (mns) $31,056
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 10.1%
Small cap (<$2bn) 0.6%
Developed mkts 93.4%
Emerging mkts 6.6%

TOP TEN HOLDINGS
NIPPON TELEGRAPH AND TELEPHONE COR 0.7 %
SOFTBANK CORP. 0.5 %
MURATA MANUFACTURING CO LTD 0.5 %
MITSUBISHI CORP 0.4 %
CLP HOLDINGS LTD 0.4 %
MTR CORP 0.4 %
ITOCHU CORP 0.4 %
HANG SENG BANK LTD 0.4 %
BARRY CALLEBAUT AG-REG 0.4 %
FAST RETAILING CO LTD 0.4 %
Total 4.5 %

TOP COUNTRY EXPOSURE
JAPAN 20.4 %
SWITZERLAND 7.4 %
BRITAIN 7.1 %
GERMANY 7.0 %
CANADA 6.4 %
SWEDEN 6.2 %
FRANCE 6.2 %
SOUTH KOREA 6.0 %
HONG KONG 5.6 %
AUSTRALIA 4.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
3.9% 15.0% -- -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.92 89%
MSCI EAFE 0.91 98%
MSCI Emg. Mkts. 0.78 76%

Technical Indicators
Recent close $27.09
30d moving avg. $27.69
Annualized volatility 24.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.9%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $34,244

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Timothy Plan International ETF ETF based on the alternatives' overlap in portfolio holdings with TPIF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TPIF Expense: 62 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TPIF
Ticker Fund
Name		 Overlap1
vs TPIF
(%)		 Expense
ratio
(bp)		 Savings
vs TPIF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs TPIF
(%)
CIL VictoryShares International Volatility Weighted Index ETF 76.0 45 17 6.4 +0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 75.7 45 17 6.2 +0.3
DFAI Dimensional International Core Equity Market ETF 68.9 18 44 6.2 +0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 40.3 12 50 5.9 -0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 39.9 25 37 6.1 +0.1
BKIE BNY Mellon International Equity ETF 39.0 4 58 6.5 +0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 38.8 20 42 6.4 +0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 38.5 29 33 7.1 +1.1
RBIN Nationwide Risk-Based International Equity ETF 38.3 42 20 5.9 -0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 38.1 20 42 6.2 +0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 38.0 30 32 6.1 +0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 37.8 20 42 6.2 +0.2
EFA iShares MSCI EAFE ETF 37.3 32 30 6.2 +0.3
SCHF Schwab International Equity ETF 37.0 6 56 6.5 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.7 35 27 6.0 +0.1
JHMD John Hancock Multifactor Developed International ETF 36.5 39 23 6.4 +0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 36.5 7 55 6.5 +0.5
GSID Goldman Sachs MarketBeta International Equity ETF 35.9 20 42 6.2 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 35.7 35 27 6.0 +0.0
ISZE iShares Edge MSCI Intl Size Factor ETF 35.1 30 32 6.1 +0.2
IQSI IQ Candriam ESG International Equity ETF 35.0 15 47 6.2 +0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 34.7 24 38 6.5 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 34.6 4 58 6.1 +0.2
PDEV Principal International Multi-Factor Core Index ETF 34.0 25 37 7.0 +1.1
VEA Vanguard FTSE Developed Markets ETF 33.9 5 57 6.5 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 33.7 5 57 6.3 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 33.0 39 23 5.6 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 32.9 25 37 6.0 +0.1
IEFA iShares Core MSCI EAFE ETF 32.8 7 55 6.4 +0.4
VSGX Vanguard ESG International Stock ETF 32.4 17 45 6.3 +0.4
RNDM First Trust Developed International Equity Select ETF 32.3 65 -3 5.6 -0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 31.9 45 17 6.3 +0.3
RESD WisdomTree International ESG Fund 31.8 30 32 6.3 +0.4
DOL WisdomTree International LargeCap Dividend Fund 31.8 48 14 7.1 +1.2
DWM WisdomTree International Equity Fund 31.5 48 14 7.1 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 31.4 45 17 7.4 +1.5
EFG iShares MSCI EAFE Growth ETF 31.2 40 22 4.0 -2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 31.1 14 48 6.0 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.9 40 22 7.2 +1.2
JPIN JPMorgan Diversified Return International Equity ETF 30.6 37 25 6.9 +1.0
FNDF Schwab Fundamental International Large Co. Index ETF 30.1 25 37 7.5 +1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 29.6 30 32 3.8 -2.1
ACWX iShares MSCI ACWI ex U.S. ETF 29.4 32 30 6.3 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 29.2 30 32 5.4 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.1 45 17 6.0 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 29.0 40 22 6.0 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 28.9 9 53 6.6 +0.7
FLEE Franklin FTSE Europe ETF 28.7 9 53 6.4 +0.5
FLEH Franklin FTSE Europe Hedged ETF 28.7 9 53 6.4 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 28.6 8 54 6.6 +0.7
CWI SPDR MSCI ACWI ex-US ETF 28.5 30 32 6.2 +0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 28.4 29 33 7.2 +1.3
VPL Vanguard FTSE Pacific ETF 28.3 8 54 6.3 +0.4
AVDE Avantis International Equity ETF 28.2 23 39 6.7 +0.8
IEV iShares Europe ETF 28.2 59 3 6.1 +0.1
EFV iShares MSCI EAFE Value ETF 28.0 39 23 8.1 +2.2
VGK Vanguard FTSE Europe ETF 27.5 8 54 6.6 +0.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.5 20 42 5.1 -0.8
SPEU SPDR Portfolio Europe ETF 27.3 9 53 6.5 +0.6
IEUR iShares Core MSCI Europe ETF 27.2 9 53 6.4 +0.5
IQIN IQ 500 International ETF 27.1 25 37 7.3 +1.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 26.6 16 46 5.9 -0.0
IDLV Invesco S&P International Developed Low Volatility ETF 26.5 25 37 6.2 +0.3
IXUS ishares Core MSCI Total International Stock ETF 25.9 9 53 6.4 +0.5
IPAC iShares Core MSCI Pacific ETF 25.9 9 53 6.1 +0.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 25.4 23 39 6.2 +0.3
QINT American Century Quality Diversified International ETF 25.3 39 23 6.2 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.8 35 27 7.6 +1.7
DWMF WisdomTree International Multifactor Fund 23.4 38 24 6.2 +0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 23.4 32 30 6.0 +0.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 23.2 39 23 6.7 +0.8
FDEV Fidelity Targeted International Factor ETF 23.0 39 23 6.2 +0.3
VYMI Vanguard International High Dividend Yield ETF 22.6 27 35 9.0 +3.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.1 80 -18 5.9 -0.0
VWID Virtus WMC International Dividend ETF 22.0 49 13 7.5 +1.5
EURZ Xtrackers Eurozone Equity ETF 21.8 9 53 6.3 +0.4
EZU iShares MSCI Eurozone ETF 21.6 51 11 5.9 -0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 20.8 45 17 5.9 -0.0
VXUS Vanguard Total International Stock ETF 20.7 8 54 6.6 +0.6
DTH WisdomTree International High Dividend Fund 20.0 58 4 8.4 +2.5
EWJ iShares MSCI Japan ETF 19.9 51 11 5.9 -0.0
BBJP JPMorgan BetaBuilders Japan ETF 19.8 19 43 6.2 +0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 19.8 45 17 5.9 -0.1
IDMO Invesco S&P International Developed Momentum ETF 19.8 26 36 3.6 -2.3
FLJP Franklin FTSE Japan ETF 19.7 9 53 6.4 +0.5
FLJH Franklin FTSE Japan Hedged ETF 19.7 9 53 6.3 +0.4
ZJPN SPDR Solactive Japan ETF 19.6 14 48 6.4 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 19.6 25 37 6.2 +0.3
VIGI Vanguard International Dividend Appreciation ETF 18.8 20 42 4.8 -1.1
JPXN iShares JPX-Nikkei 400 ETF 18.6 48 14 6.1 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 18.6 30 32 9.6 +3.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 18.6 9 53 6.5 +0.6
FDT First Trust Developed Markets ex-US Alphadex Fund 18.6 80 -18 7.5 +1.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 18.4 45 17 9.4 +3.5
IDHQ Invesco S&P International Developed Quality ETF 18.4 29 33 5.1 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 18.2 40 22 5.8 -0.2
EWJE iShares MSCI Japan Equal Weighted ETF 17.8 15 47 6.2 +0.2

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Timothy Plan International ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 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.