Impact Shares YWCA Women's Empowerment ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.1x P/Sales
ratio
2.3x
P/BV
ratio
3.3x Div.
yield
1.9%


  • 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 182
Wgt avg mkt cap (mns) $368,412
Large cap (>$10bn) 88.1%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 0.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.1 %
APPLE INC 5.5 %
AMAZON.COM INC 5.1 %
JOHNSON & JOHNSON 3.1 %
ENPHASE ENERGY INC 2.6 %
VISA INC-CLASS A SHARES 2.6 %
SOLAREDGE TECHNOLOGIES, INC. 2.5 %
PROCTER & GAMBLE CO/THE 2.3 %
UNITEDHEALTH GROUP INC 2.3 %
ALPHABET INC. CLASS A 2.1 %
Total 34.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
IRELAND 2.7 %
BRITAIN 1.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.6% 17.0% -- -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.98 99%
MSCI EAFE 1.02 89%
MSCI Emg. Mkts. 0.81 81%

Technical Indicators
Recent close $22.82
30d moving avg. $21.59
Annualized volatility 21.5%
Short interest (ETF) 2.3%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $123,833

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 4.5%


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 67.5 75 0 4.5 -0.1
IQSU IQ Candriam ESG US Equity ETF 59.3 9 66 5.3 +0.7
SNPE Xtrackers S&P 500 ESG ETF 58.4 11 64 5.2 +0.6
IWL iShares Russell Top 200 ETF 56.1 15 60 5.1 +0.6
PBP Invesco S&P 500 BuyWrite ETF 56.0 49 26 5.1 +0.6
MGC Vanguard Mega Cap Index Fund 55.6 7 68 5.3 +0.8
OEF iShares S&P 100 ETF 55.5 20 55 4.9 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.2 20 55 5.0 +0.5
HSPX Global X S&P 500 Covered Call ETF 55.0 65 10 4.9 +0.4
SUSL iShares ESG MSCI USA Leaders ETF 55.0 10 65 5.4 +0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 54.8 10 65 5.4 +0.9
ESG FlexShares STOXX US ESG Impact Index Fund 54.3 32 43 5.2 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.4 20 55 5.5 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 53.4 15 60 5.1 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 53.3 27 48 5.4 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 53.0 27 48 5.1 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 52.0 29 46 5.3 +0.8
SPLG SPDR Portfolio Large Cap ETF 51.9 3 72 5.5 +0.9
IVV iShares Core S&P 500 ETF 51.8 4 71 5.5 +0.9
SPY SPDR S&P 500 ETF Trust 51.8 9 66 5.4 +0.9
VOO VANGUARD S&P 500 ETF 51.4 3 72 5.5 +0.9
XLG Invesco S&P 500 Top 50 ETF 50.6 20 55 4.7 +0.1
VV Vanguard Large-Cap Index Fund 50.3 4 71 5.3 +0.8
PBUS Invesco PureBeta MSCI USA ETF 50.1 4 71 5.3 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.0 12 63 5.1 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 49.7 2 73 5.4 +0.9
ESGV Vanguard ESG U.S. Stock ETF 49.3 12 63 5.3 +0.7
DSI iShares MSCI KLD 400 Social ETF 49.2 25 50 5.2 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 49.0 27 48 5.1 +0.6
SCHX Schwab U.S. Large-Cap ETF 48.5 3 72 5.4 +0.8
IWY iShares Russell Top 200 Growth ETF 48.4 20 55 4.3 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 48.0 3 72 5.6 +1.0
EPS WisdomTree U.S. Earnings 500 Fund 47.3 8 67 6.4 +1.8
IWB iShares Russell 1000 ETF 47.3 15 60 5.2 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 47.2 60 15 4.6 +0.0
RECS Columbia Research Enhanced Core ETF 47.0 15 60 5.6 +1.1
SCHK Schwab 1000 Index ETF 47.0 5 70 5.3 +0.8
VONE Vanguard Russell 1000 ETF 46.7 8 67 5.3 +0.8
VEGN US Vegan Climate ETF 46.6 60 15 5.3 +0.7
SPXT ProShares S&P 500 Ex-Technology ETF 46.6 27 48 5.6 +1.1
TMFC Motley Fool 100 Index ETF 46.5 50 25 4.0 -0.6
IYY iShares Dow Jones U.S. ETF 46.4 20 55 5.2 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 46.3 4 71 4.5 -0.1
IVW iShares S&P 500 Growth ETF 46.2 18 57 4.3 -0.2
VOOG Vanguard S&P 500 Growth ETF 46.2 10 65 4.4 -0.1
IWF iShares Russell 1000 Growth ETF 45.6 19 56 4.3 -0.2
VONG Vanguard Russell 1000 Growth Index Fund 45.6 8 67 4.4 -0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 45.4 49 26 4.2 -0.4
IUSG iShares Core S&P US Growth ETF 45.0 4 71 4.5 -0.1
FQAL Fidelity Quality Factor ETF 44.8 29 46 5.4 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 44.7 15 60 5.8 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 44.6 28 47 6.3 +1.7
SCHB Schwab U.S. Broad Market ETF 44.6 3 72 5.3 +0.8
IWV iShares Russell 3000 ETF 44.5 20 55 5.1 +0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 44.5 3 72 5.2 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.4 9 66 5.6 +1.0
VTI Vanguard Total Stock Market Index Fund 44.4 3 72 5.2 +0.7
EXT WisdomTree U.S. Total Earnings Fund 44.2 28 47 5.7 +1.2
VTHR Vanguard Russell 3000 Index Fund 44.1 10 65 5.2 +0.6
SFY SoFi Select 500 ETF 44.0 0 75 5.3 +0.8
IUS Invesco Strategic US ETF 43.9 19 56 6.2 +1.6
DIVB iShares U.S. Dividend & Buyback ETF 43.8 25 50 6.3 +1.8
MGK Vanguard Mega Cap Growth ETF 43.6 7 68 4.3 -0.2
DGRO iShares Core Dividend Growth ETF 43.6 8 67 6.4 +1.8
RAFE PIMCO RAFI ESG U.S. ETF 43.6 29 46 7.5 +3.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 43.6 25 50 6.4 +1.9
VUG Vanguard Growth Index Fund 42.8 4 71 4.2 -0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 42.3 29 46 4.3 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 42.2 15 60 6.2 +1.7
FVAL Fidelity Value Factor ETF 41.9 29 46 8.0 +3.4
DTD WisdomTree U.S.Total Dividend Fund 41.6 28 47 6.5 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 41.5 4 71 4.3 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 41.5 4 71 6.9 +2.4
KRMA Global X Conscious Companies ETF 41.4 43 32 5.2 +0.7
JHML John Hancock Multifactor Large Cap ETF 41.3 34 41 5.5 +1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 41.3 25 50 6.4 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 41.0 15 60 4.8 +0.3
VTV Vanguard Value Index Fund 40.9 4 71 7.1 +2.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.9 19 56 5.6 +1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 40.1 12 63 4.9 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 40.1 29 46 6.9 +2.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 39.9 52 23 5.9 +1.4
AVUS Avantis U.S. Equity ETF 39.8 15 60 5.7 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 39.3 39 36 6.6 +2.1
JQUA JPMorgan U.S. Quality Factor ETF 39.2 12 63 5.2 +0.7
SPYV SPDR Portfolio S&P 500 Value ETF 39.2 4 71 7.2 +2.6
IVE iShares S&P 500 Value ETF 39.2 18 57 7.0 +2.5
RFFC RiverFront Dynamic US Flex-Cap ETF 39.0 52 23 5.4 +0.9
PFM Invesco Dividend Achievers ETF 39.0 54 21 5.3 +0.8
VOOV Vanguard S&P 500 Value ETF 38.9 15 60 7.1 +2.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 38.5 42 33 5.6 +1.1
IUSV iShares Core S&P U.S. Value ETF 38.4 4 71 7.2 +2.7
FDLO Fidelity Low Volatility Factor ETF 37.9 29 46 5.2 +0.7
MGV Vanguard Mega Cap Value ETF 37.9 7 68 7.0 +2.5
NULC Nuveen ESG Large-Cap ETF 37.9 20 55 5.2 +0.7
FDMO Fidelity Momentum Factor ETF 37.8 29 46 4.0 -0.6
ECOZ TrueMark ESG Active Opportunities ETF 37.8 58 17 4.5 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.4 30 45 6.6 +2.1
RWL Invesco S&P 500 Revenue ETF 37.1 39 36 6.7 +2.1
EQWL Invesco Russell Top 200 Equal Weight ETF 37.0 25 50 5.9 +1.4

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 16.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.53
 
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.