Impact Shares YWCA Women's Empowerment ETF
ALTAR
Score™
3.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.7x P/Sales
ratio
3.2x
P/BV
ratio
4.6x Div.
yield
1.3%


  • 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 24, 2018
Assets (mns) $13
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 175
Wgt avg mkt cap (mns) $499,025
Large cap (>$10bn) 93.9%
Mid cap ($2-10bn) 3.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 8.9 %
AMAZON.COM INC 6.1 %
APPLE INC 5.3 %
MICROSOFT CORP 5.3 %
SOLAREDGE TECHNOLOGIES, INC. 4.9 %
FIRST SOLAR INC 2.9 %
JOHNSON & JOHNSON 2.7 %
NVIDIA CORP 2.4 %
ALPHABET INC. CLASS A 2.4 %
ALPHABET INC. CLASS C 2.4 %
Total 43.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 102.3 %
BRITAIN 2.6 %
IRELAND 2.6 %








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.
34.1% 34.1% -- -- 21.6%

Market Correlations
versus... Beta R-squared
S&P500 1.04 97%
MSCI EAFE 0.98 86%
MSCI Emg. Mkts. 0.81 71%

Technical Indicators
Recent close $29.66
30d moving avg. $29.69
Annualized volatility 22.2%
Short interest (ETF) 2.8%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $118,600

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Impact Shares YWCA Women's Empowerment ETF 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™: 3.5%


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 ETF 65.5 49 26 4.7 +1.1
ESGV Vanguard ESG U.S. Stock ETF 63.3 12 63 4.5 +0.9
EFIV SPDR S&P 500 ESG ETF 58.2 10 65 4.6 +1.0
SNPE Xtrackers S&P 500 ESG ETF 58.2 10 65 4.6 +1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 56.4 15 60 4.7 +1.1
OEF iShares S&P 100 ETF 54.9 20 55 4.2 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 54.5 20 55 4.6 +1.0
MGC Vanguard Mega Cap Index Fund 54.3 7 68 4.6 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 54.2 10 65 4.8 +1.3
SUSL iShares ESG MSCI USA Leaders ETF 54.1 10 65 4.8 +1.3
XLG Invesco S&P 500 Top 50 ETF 53.3 20 55 4.0 +0.5
IWL iShares Russell Top 200 ETF 53.3 15 60 4.4 +0.8
XVV iShares ESG Screened S&P 500 ETF 53.2 8 67 4.9 +1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 52.5 0 75 4.4 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 52.0 20 55 4.8 +1.2
PBP Invesco S&P 500 BuyWrite ETF 51.9 49 26 4.3 +0.8
ESG FlexShares STOXX US ESG Impact Index Fund 51.6 32 43 4.5 +0.9
IQSU IQ Candriam ESG US Equity ETF 51.5 9 66 4.5 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 51.3 27 48 4.6 +1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 51.2 60 15 4.4 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 50.8 27 48 4.3 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 50.6 15 60 4.4 +0.9
SPY SPDR S&P 500 ETF Trust 50.5 9 66 4.7 +1.1
IVV iShares Core S&P 500 ETF 50.5 3 72 4.7 +1.2
SPLG SPDR Portfolio Large Cap ETF 50.5 3 72 4.7 +1.2
VOO VANGUARD S&P 500 ETF 49.6 3 72 4.8 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 49.4 29 46 4.6 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 48.9 7 68 4.5 +1.0
VV Vanguard Large-Cap Index Fund 48.2 4 71 4.6 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.1 2 73 4.6 +1.1
DSI iShares MSCI KLD 400 Social ETF 47.8 25 50 4.6 +1.0
PBUS Invesco PureBeta MSCI USA ETF 47.6 4 71 4.6 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 47.5 27 48 4.3 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 47.1 15 60 5.3 +1.7
SCHX Schwab U.S. Large-Cap ETF 46.8 3 72 4.6 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 46.7 3 72 4.8 +1.2
VOOG Vanguard S&P 500 Growth ETF 46.6 10 65 3.9 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 46.5 60 15 3.6 +0.0
IWY iShares Russell Top 200 Growth ETF 46.1 20 55 3.5 0.0
SCHK Schwab 1000 Index ETF 45.8 5 70 4.6 +1.0
IWB iShares Russell 1000 ETF 45.7 15 60 4.5 +0.9
IYY iShares Dow Jones U.S. ETF 45.3 20 55 4.4 +0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 45.3 4 71 3.6 +0.1
IVW iShares S&P 500 Growth ETF 45.2 18 57 3.5 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 44.9 12 63 4.0 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 44.6 27 48 4.9 +1.3
VTHR Vanguard Russell 3000 Index Fund 44.5 10 65 4.4 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 44.4 8 67 5.9 +2.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.2 9 66 4.8 +1.2
IUSG iShares Core S&P US Growth ETF 44.1 4 71 3.6 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 44.0 25 50 5.9 +2.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 44.0 15 60 0.0 -3.5
SFY SoFi Select 500 ETF 44.0 0 75 4.6 +1.0
IWF iShares Russell 1000 Growth ETF 43.5 19 56 3.4 -0.1
HIPR Direxion High Growth ETF 43.2 40 35 3.8 +0.3
VEGN US Vegan Climate ETF 43.1 60 15 4.0 +0.4
IWV iShares Russell 3000 ETF 43.0 20 55 4.3 +0.7
MGK Vanguard Mega Cap Growth ETF 43.0 7 68 3.6 +0.1
SCHB Schwab U.S. Broad Market ETF 42.9 3 72 4.5 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 42.8 28 47 6.1 +2.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.7 3 72 4.4 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 42.5 8 67 3.5 -0.0
VONE Vanguard Russell 1000 ETF 42.3 8 67 4.6 +1.0
KRMA Global X Conscious Companies ETF 42.3 43 32 4.8 +1.3
DFAU Dimensional US Core Equity Market ETF 42.0 12 63 4.7 +1.1
TMFC Motley Fool 100 Index ETF 41.9 50 25 3.0 -0.5
VTI Vanguard Total Stock Market Index Fund 41.7 3 72 4.4 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 41.7 19 56 5.3 +1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 41.0 49 26 3.4 -0.2
FQAL Fidelity Quality Factor ETF 41.0 29 46 5.0 +1.4
FVAL Fidelity Value Factor ETF 40.9 29 46 6.8 +3.2
RESP WisdomTree US ESG Fund of Benef Interest 40.8 28 47 5.0 +1.5
JHML John Hancock Multifactor Large Cap ETF 40.7 29 46 4.9 +1.3
VOOV Vanguard S&P 500 Value ETF 40.7 10 65 6.6 +3.1
VUG Vanguard Growth Index Fund 40.5 4 71 3.5 -0.1
ECOZ TrueMark ESG Active Opportunities ETF 40.2 58 17 3.0 -0.5
SUSA iShares MSCI USA ESG Select ETF 40.1 25 50 4.2 +0.7
RECS Columbia Research Enhanced Core ETF 40.0 15 60 5.1 +1.5
DTD WisdomTree U.S.Total Dividend Fund 39.9 28 47 6.2 +2.7
QUAL iShares MSCI Usa Quality Factor ETF 39.8 15 60 5.0 +1.4
SCHV Schwab U.S. Large-Cap Value ETF 39.7 4 71 6.1 +2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.3 25 50 5.7 +2.2
DGRO iShares Core Dividend Growth ETF 39.3 8 67 6.0 +2.5
VTV Vanguard Value Index Fund 39.1 4 71 6.6 +3.0
ACIO Aptus Collared Income Opportunity ETF 38.5 79 -4 3.8 +0.3
AVUS Avantis U.S. Equity ETF 38.3 15 60 4.8 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 38.3 12 63 5.1 +1.5
SCHG Schwab U.S. Large-Cap Growth ETF 38.2 4 71 3.1 -0.4
ADME Aptus Drawdown Managed Equity ETF 37.8 79 -4 3.1 -0.4
QLC FlexShares US Quality Large Cap Index Fund 37.7 32 43 4.4 +0.9
IUS Invesco Strategic US ETF 37.7 19 56 5.5 +1.9
SPYV SPDR Portfolio S&P 500 Value ETF 37.6 4 71 6.5 +2.9
IVE iShares S&P 500 Value ETF 37.6 18 57 6.3 +2.8
VONV Vanguard Russell 1000 Value Index Fund 37.6 8 67 6.2 +2.7
PRF Invesco FTSE RAFI US 1000 ETF 37.5 39 36 5.7 +2.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 37.5 12 63 4.9 +1.4
RAFE PIMCO RAFI ESG U.S. ETF 37.4 30 45 6.7 +3.2
EQWL Invesco Russell Top 200 Equal Weight ETF 37.3 25 50 5.6 +2.1
USXF iShares ESG Advanced MSCI USA ETF 37.2 10 65 4.6 +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:
Impact Shares YWCA Women's Empowerment 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 17.7 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.49
 
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.