Impact Shares YWCA Women's Empowerment
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.8x P/Sales
ratio
2.3x
P/BV
ratio
3.5x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WOMN tracks the Morningstar Women’s Empowerment Index, which is designed to provide exposure to companies worldwide with strong policies and practices in support of women’s empowerment and gender equality.

FUND BASICS
Category US Equities
Fund Sponsor Impact Shares
Website impactetfs.org
Inception date Aug 27, 2018
Assets (mns) $7
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 178
Wgt avg mkt cap (mns) $385,416
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
MICROSOFT CORP 5.3 %
APPLE INC 5.2 %
JOHNSON & JOHNSON 2.9 %
VISA INC-CLASS A SHARES 2.6 %
EXXON MOBIL CORP 2.5 %
PROCTER & GAMBLE CO/THE 2.3 %
AT&T INC 2.1 %
ALPHABET INC. CLASS A 2.1 %
UNITEDHEALTH GROUP INC 2.1 %
ALPHABET INC. CLASS C 2.1 %
Total 29.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
IRELAND 3.0 %
BRITAIN 1.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
32.5% 32.5% -- -- 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.00 99%
MSCI EAFE 1.10 85%
MSCI Emg. Mkts. 0.81 70%

Technical Indicators
Recent close $23.45
30d moving avg. $23.11
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $77,851

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Impact Shares YWCA Women's Empowerment ETF based on the alternatives' overlap in portfolio holdings with WOMN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WOMN Expense: 75 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WOMN
Ticker Fund
Name
Overlap1
vs WOMN
(%)
Expense
ratio
(bp)
Savings
vs WOMN
(bp)
ALTAR
Score™
(%)
ALTAR
vs WOMN
(%)
NACP Impact Shares NAACP Minority Empowerment 63.2 75 0 5.2 +0.0
SNPE Xtrackers S&P 500 ESG 58.0 11 64 5.4 +0.3
USSG Xtrackers MSCI USA ESG Leaders Equity 56.3 10 65 5.4 +0.3
SUSL iShares ESG MSCI USA Leaders 56.2 10 65 5.4 +0.3
OVOL Invesco Russell 1000 Low Volatility Factor ETF 55.3 19 56 5.4 +0.2
OEF iShares S&P 100 54.9 20 55 5.2 +0.0
IQSU IQ Candriam ESG US Equity ETF 54.8 9 66 5.5 +0.4
IWL iShares Russell Top 200 54.5 15 60 5.3 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity 54.2 20 55 5.2 +0.1
MGC Vanguard Mega Cap 300 ETF 53.7 7 68 5.5 +0.4
ESGU iShares MSCI USA ESG Optimized 52.7 15 60 5.3 +0.2
XLG Invesco S&P Top 50 52.6 20 55 4.8 -0.3
SPXN ProShares S&P 500 Ex-Financials 51.5 27 48 5.5 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 51.1 32 43 5.0 -0.1
DLN WisdomTree Large Cap Dividend 50.4 28 47 6.4 +1.2
PBP Invesco S&P 500 Buy/Write 50.2 49 26 5.2 +0.1
DSI iShares MSCI KLD 400 Social 50.1 25 50 5.3 +0.2
DGRO iShares Core Dividend Growth 50.1 8 67 6.2 +1.1
SPY S&P 500 SPDR 49.8 9 66 5.5 +0.4
HSPX Global X S&P 500 Covered Call 49.8 65 10 5.1 -0.0

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%.

Content on this tab for subscribers only**

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 YWCA Women's Empowerment
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 18.0 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.