Impact Shares YWCA Women's Empowerment ETF
ALTAR
Score™
4.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
2.8x
P/BV
ratio
3.6x Div.
yield
1.6%


  • 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) $8
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 169
Wgt avg mkt cap (mns) $348,650
Large cap (>$10bn) 85.0%
Mid cap ($2-10bn) 15.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SOLAREDGE TECHNOLOGIES, INC. 6.2 %
APPLE INC 6.1 %
ENPHASE ENERGY INC 5.3 %
MICROSOFT CORP 5.2 %
FIRST SOLAR INC 4.6 %
JOHNSON & JOHNSON 2.8 %
VISA INC-CLASS A SHARES 2.4 %
PROCTER & GAMBLE CO/THE 2.3 %
UNITEDHEALTH GROUP INC 2.1 %
ALPHABET INC. CLASS A 2.1 %
Total 38.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.5 %
IRELAND 2.6 %
BRITAIN 2.1 %








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.
6.1% 16.9% -- -- 11.9%

Market Correlations
versus... Beta R-squared
S&P500 0.99 99%
MSCI EAFE 1.02 87%
MSCI Emg. Mkts. 0.77 79%

Technical Indicators
Recent close $25.85
30d moving avg. $24.10
Annualized volatility 20.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 84

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $85,447

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™: 4.2%


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 61.3 75 0 4.6 +0.4
SUSL iShares ESG MSCI USA Leaders ETF 51.2 10 65 5.2 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 51.1 10 65 5.2 +1.0
SNPE Xtrackers S&P 500 ESG ETF 50.6 11 64 4.9 +0.7
IQSU IQ Candriam ESG US Equity ETF 49.9 9 66 4.9 +0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 48.2 20 55 4.7 +0.6
ESG FlexShares STOXX US ESG Impact Index Fund 47.9 32 43 4.9 +0.7
OEF iShares S&P 100 ETF 47.6 20 55 4.6 +0.4
PBP Invesco S&P 500 BuyWrite ETF 47.5 49 26 4.7 +0.6
MGC Vanguard Mega Cap Index Fund 47.5 7 68 5.0 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 47.4 0 75 5.0 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 47.4 15 60 4.9 +0.7
IWL iShares Russell Top 200 ETF 47.2 15 60 4.8 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 46.8 27 48 5.1 +0.9
HSPX Global X S&P 500 Covered Call ETF 46.8 65 10 4.6 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 46.6 20 55 5.1 +0.9
DSI iShares MSCI KLD 400 Social ETF 46.2 25 50 5.0 +0.8
SPY SPDR S&P 500 ETF Trust 46.0 9 66 5.1 +1.0
SPLG SPDR Portfolio Large Cap ETF 45.9 3 72 5.2 +1.0
IVV iShares Core S&P 500 ETF 45.9 4 71 5.2 +1.0
XLG Invesco S&P 500 Top 50 ETF 45.8 20 55 4.3 +0.1
VOO VANGUARD S&P 500 ETF 45.8 3 72 5.2 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 45.7 27 48 4.8 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 45.0 29 46 5.0 +0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 44.9 7 68 5.0 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 44.6 8 67 6.2 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.4 2 73 5.1 +0.9
PBUS Invesco PureBeta MSCI USA ETF 44.0 4 71 5.1 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 43.9 15 60 5.6 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 43.8 28 47 6.2 +2.0
VV Vanguard Large-Cap Index Fund 43.8 4 71 5.0 +0.9
SCHX Schwab U.S. Large-Cap ETF 43.5 3 72 5.1 +0.9
FQAL Fidelity Quality Factor ETF 43.3 29 46 5.3 +1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 43.3 49 26 3.9 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 43.3 3 72 5.3 +1.1
DIVB iShares U.S. Dividend & Buyback ETF 43.2 25 50 6.3 +2.1
RECS Columbia Research Enhanced Core ETF 42.8 15 60 5.4 +1.2
VEGN US Vegan Climate ETF 42.6 60 15 5.0 +0.8
SCHK Schwab 1000 Index ETF 42.4 5 70 5.1 +0.9
VONE Vanguard Russell 1000 ETF 42.1 8 67 5.0 +0.8
ESGV Vanguard ESG U.S. Stock ETF 42.1 12 63 4.9 +0.8
IWB iShares Russell 1000 ETF 42.0 15 60 4.9 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 41.9 27 48 4.8 +0.6
IYY iShares Dow Jones U.S. ETF 41.8 20 55 4.9 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.8 60 15 4.0 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 41.0 25 50 6.1 +2.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.8 12 63 4.5 +0.3
RAFE PIMCO RAFI ESG U.S. ETF 40.7 29 46 7.4 +3.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 40.7 9 66 5.3 +1.1
DTD WisdomTree U.S.Total Dividend Fund 40.4 28 47 6.4 +2.2
SCHB Schwab U.S. Broad Market ETF 40.1 3 72 5.0 +0.8
DGRO iShares Core Dividend Growth ETF 40.0 8 67 6.4 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 39.9 3 72 5.0 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 39.8 19 56 5.8 +1.6
IWV iShares Russell 3000 ETF 39.7 20 55 4.8 +0.6
VTHR Vanguard Russell 3000 Index Fund 39.7 10 65 4.9 +0.7
VOOG Vanguard S&P 500 Growth ETF 39.5 10 65 4.1 -0.0
SPYG SPDR Portfolio S&P 500 Growth ETF 39.4 4 71 4.2 +0.0
IVW iShares S&P 500 Growth ETF 39.4 18 57 4.1 -0.1
SFY SoFi Select 500 ETF 38.9 0 75 5.0 +0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.8 25 50 6.1 +1.9
SPXT ProShares S&P 500 Ex-Technology ETF 38.8 27 48 5.4 +1.2
VTI Vanguard Total Stock Market Index Fund 38.6 3 72 4.9 +0.7
KRMA Global X Conscious Companies ETF 38.4 43 32 5.0 +0.8
IUSG iShares Core S&P US Growth ETF 38.3 4 71 4.2 +0.0
JHML John Hancock Multifactor Large Cap ETF 38.0 29 46 5.3 +1.1
SUSA iShares MSCI USA ESG Select ETF 37.9 25 50 4.6 +0.4
FDRR Fidelity Dividend ETF for Rising Rates 37.9 29 46 6.7 +2.6
IWY iShares Russell Top 200 Growth ETF 37.8 20 55 3.7 -0.5
VTV Vanguard Value Index Fund 37.6 4 71 7.1 +2.9
SCHV Schwab U.S. Large-Cap Value ETF 37.5 4 71 6.9 +2.7
IUS Invesco Strategic US ETF 37.3 19 56 6.3 +2.1
TMFC Motley Fool 100 Index ETF 37.1 50 25 3.3 -0.8
PRF Invesco FTSE RAFI US 1000 ETF 37.0 39 36 6.5 +2.3
JQUA JPMorgan U.S. Quality Factor ETF 36.7 12 63 5.2 +1.0
MGK Vanguard Mega Cap Growth ETF 36.6 7 68 3.9 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.6 30 45 6.2 +2.1
IWF iShares Russell 1000 Growth ETF 36.5 19 56 3.6 -0.6
VONG Vanguard Russell 1000 Growth Index Fund 36.5 8 67 3.7 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.4 15 60 6.0 +1.8
AVUS Avantis U.S. Equity ETF 36.2 15 60 5.4 +1.3
IWD iShares Russell 1000 Value ETF 36.1 19 56 6.7 +2.5
FDLO Fidelity Low Volatility Factor ETF 36.1 29 46 4.9 +0.7
VONV Vanguard Russell 1000 Value Index Fund 36.0 8 67 6.8 +2.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.0 12 63 4.6 +0.4
EXT WisdomTree U.S. Total Earnings Fund 35.9 28 47 5.0 +0.9
SPYV SPDR Portfolio S&P 500 Value ETF 35.7 4 71 7.1 +2.9
IVE iShares S&P 500 Value ETF 35.7 18 57 7.0 +2.8
PFM Invesco Dividend Achievers ETF 35.7 54 21 5.2 +1.0
VOOV Vanguard S&P 500 Value ETF 35.6 15 60 7.0 +2.8
NULC Nuveen ESG Large-Cap ETF 35.3 20 55 4.8 +0.7
QLC FlexShares US Quality Large Cap Index Fund 35.2 32 43 5.2 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 35.1 25 50 5.9 +1.7
ECOZ TrueMark ESG Active Opportunities ETF 35.1 58 17 3.9 -0.3
IWX iShares Russell Top 200 Value ETF 35.0 20 55 6.6 +2.4
IUSV iShares Core S&P U.S. Value ETF 34.9 4 71 7.2 +3.0
VUG Vanguard Growth Index Fund 34.7 4 71 3.8 -0.4
MGV Vanguard Mega Cap Value ETF 34.7 7 68 7.0 +2.8
FVAL Fidelity Value Factor ETF 34.5 29 46 7.6 +3.4
OUSA O'Shares FTSE US Quality Dividend ETF 34.4 48 27 5.5 +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 16.4 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.52
 
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.