Timothy Plan International ETF
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 21.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.5x Div.
yield		 2.7%


  • 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) $45
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 360
Wgt avg mkt cap (mns) $25,340
Large cap (>$10bn) 78.2%
Mid cap ($2-10bn) 21.2%
Small cap (<$2bn) 0.0%
Developed mkts 95.4%
Emerging mkts 4.6%

TOP TEN HOLDINGS
SOFTBANK CORP. 0.5 %
BARRY CALLEBAUT AG-REG 0.5 %
EMS-CHEMIE HOLDING AG-REG 0.5 %
KONE OYJ-B 0.5 %
SCHINDLER HOLDING AG PREF 0.5 %
SYMRISE AG 0.4 %
GIVAUDAN-REG 0.4 %
NITORI CO LTD 0.4 %
MITSUBISHI CORP 0.4 %
NTT DOCOMO, INC. 0.4 %
Total 4.6 %

TOP COUNTRY EXPOSURE
JAPAN 18.7 %
BRITAIN 9.0 %
SWITZERLAND 8.3 %
CANADA 8.1 %
FRANCE 6.9 %
AUSTRALIA 5.9 %
HONG KONG 5.6 %
GERMANY 5.4 %
SWEDEN 5.4 %
SOUTH KOREA 4.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.4% -- -- -- -8.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $24.37
30d moving avg. $23.60
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $25,331

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.2%


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 70.9 45 17 6.5 +0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 70.8 45 17 6.5 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 38.3 25 37 6.5 +0.3
RBIN Nationwide Risk-Based International Equity ETF 38.1 42 20 6.1 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 36.7 30 32 6.8 +0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 36.3 20 42 7.3 +1.2
JHMD John Hancock Multifactor Developed International ETF 35.4 39 23 7.3 +1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 35.3 20 42 7.0 +0.8
BKIE BNY Mellon International Equity ETF 35.2 4 58 7.2 +1.1
ESGD iShares MSCI EAFE ESG Optimized ETF 35.1 20 42 6.8 +0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 35.0 24 38 7.0 +0.9
EFA iShares MSCI EAFE ETF 34.7 32 30 6.9 +0.8
RNDM Developed International Equity Select ETF 34.6 65 -3 6.2 +0.1
SCHF Schwab International Equity ETF 34.2 6 56 7.2 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.9 35 27 6.7 +0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 33.4 7 55 7.4 +1.3
ISZE iShares Edge MSCI Intl Size Factor ETF 33.3 30 32 7.2 +1.1
GSID Goldman Sachs MarketBeta International Equity ETF 33.3 20 42 7.2 +1.1
IQSI IQ Candriam ESG International Equity ETF 33.0 15 47 7.2 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 32.7 4 58 7.0 +0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 32.6 35 27 6.8 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.2 39 23 6.4 +0.3
SCID Global X Scientific Beta Europe ETF 31.9 39 23 6.3 +0.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.8 29 33 7.6 +1.4
IDEV iShares Core MSCI International Developed Markets ETF 31.8 5 57 7.1 +1.0
PDEV Principal International Multi-Factor Core Index ETF 31.3 25 37 7.7 +1.6
EFG iShares MSCI EAFE Growth ETF 31.0 40 22 4.5 -1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.8 14 48 6.9 +0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 30.7 30 32 6.0 -0.2
IEFA iShares Core MSCI EAFE ETF 30.7 7 55 7.2 +1.0
VEA Vanguard FTSE Developed Markets ETF 30.5 5 57 7.3 +1.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 30.1 30 32 0.0 -6.2
JPIN JPMorgan Diversified Return International Equity ETF 30.0 37 25 7.8 +1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 29.7 30 32 4.3 -1.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 29.3 25 37 6.4 +0.2
DWM WisdomTree International Equity Fund 29.1 48 14 8.2 +2.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 29.0 45 17 8.7 +2.5
FNDF Schwab Fundamental International Large Co. Index ETF 29.0 25 37 8.6 +2.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 28.7 35 27 8.4 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 27.8 32 30 7.1 +1.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 27.5 30 32 6.9 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 27.4 40 22 6.9 +0.7
CWI SPDR MSCI ACWI ex-US ETF 27.3 30 32 7.1 +0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.3 20 42 5.4 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 26.8 9 53 7.2 +1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 26.8 45 17 6.5 +0.3
FLEE Franklin FTSE Europe ETF 26.7 9 53 6.9 +0.7
DOL WisdomTree International LargeCap Dividend Fund 26.6 48 14 8.5 +2.3
FLEH Franklin FTSE Europe Hedged ETF 26.5 9 53 7.0 +0.8
IEV iShares Europe ETF 26.4 59 3 6.7 +0.5
VPL Vanguard FTSE Pacific ETF 26.3 8 54 7.5 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 26.1 25 37 6.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 26.0 8 54 7.4 +1.3
IPAC iShares Core MSCI Pacific ETF 25.9 9 53 7.2 +1.1
EFV iShares MSCI EAFE Value ETF 25.9 39 23 9.4 +3.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.7 16 46 6.8 +0.7
IQIN IQ 500 International ETF 25.5 25 37 8.6 +2.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.5 29 33 8.5 +2.3
IEUR iShares Core MSCI Europe ETF 25.1 9 53 7.1 +1.0
AVDE Avantis International Equity ETF 25.0 23 39 7.7 +1.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 24.9 45 17 7.0 +0.9
FEU SPDR Portfolio Europe ETF 24.8 9 53 7.2 +1.0
IXUS ishares Core MSCI Total International Stock ETF 24.6 9 53 7.3 +1.1
ISDX Invesco Strategic Developed ex-US ETF 24.5 23 39 7.2 +1.1
QINT American Century Quality Diversified International ETF 24.4 39 23 5.6 -0.5
VGK Vanguard FTSE Europe ETF 24.3 8 54 7.3 +1.1
VSGX Vanguard ESG International Stock ETF 24.0 17 45 7.0 +0.9
VXUS Vanguard Total International Stock Index Fund 23.8 8 54 7.4 +1.3
FDEV Fidelity Targeted International Factor ETF 23.7 39 23 6.5 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.5 35 27 8.5 +2.4
IDMO Invesco S&P International Developed Momentum ETF 23.5 26 36 4.4 -1.7
IDY Pacific Global International Equity Income ETF 23.0 39 23 7.9 +1.8
DWMF WisdomTree International Multifactor Fund 22.7 38 24 6.6 +0.5
IDHQ Invesco S&P International Developed Quality ETF 22.7 29 33 5.0 -1.1
DIM WisdomTree International MidCap Dividend Fund 21.8 58 4 7.5 +1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 21.8 39 23 8.2 +2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.7 32 30 6.3 +0.1
EUMV iShares Edge MSCI Min Vol Europe ETF 20.6 25 37 5.0 -1.2
FDT First Trust Developed Markets ex-US Alphadex Fund 19.7 80 -18 7.2 +1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 19.4 83 -21 5.6 -0.6
IGRO iShares International Dividend Growth ETF 19.2 22 40 7.8 +1.7
EZU iShares MSCI Eurozone ETF 19.1 49 13 6.5 +0.3
VIGI Vanguard International Dividend Appreciation ETF 19.1 25 37 5.5 -0.6
EURZ Xtrackers Eurozone Equity ETF 19.1 9 53 6.9 +0.8
PIZ Invesco DWA Developed Markets Momentum ETF 19.1 81 -19 4.6 -1.6
VGFO Virtus WMC Global Factor Opportunities ETF 18.9 49 13 7.8 +1.6
VYMI Vanguard International High Dividend Yield ETF 18.9 32 30 9.9 +3.7
DTH WisdomTree DEFA Equity Income Fund 18.5 58 4 9.6 +3.4
EWJ iShares MSCI Japan ETF 18.3 49 13 7.0 +0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.3 45 17 7.0 +0.9
QJPN SPDR MSCI Japan StrategicFactors ETF 18.2 14 48 7.6 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.2 25 37 7.1 +1.0
BBJP JPMorgan BetaBuilders Japan ETF 18.2 19 43 7.3 +1.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 18.2 45 17 6.6 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.2 30 32 7.6 +1.4
FLJP Franklin FTSE Japan ETF 18.1 9 53 7.5 +1.4
FLJH Franklin FTSE Japan Hedged ETF 18.1 9 53 7.4 +1.3
MVIN Natixis Seeyond International Minimum Volatility ETF 17.3 56 6 5.3 -0.9
JPXN iShares JPX-Nikkei 400 ETF 17.1 48 14 7.2 +1.0

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:		 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 9.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.59
 
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.