Inspire International ESG ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 36.2x P/Sales
ratio		 1.4x
P/BV
ratio		 1.4x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WWJD offers exposure to equity in large firms outside the US, screened for biblical and ESG values per index provider and weighted equally.

FUND BASICS
Category International Equities
Fund Sponsor Northern Lights
Website www.inspireetf.com
Inception date Sep 30, 2019
Assets (mns) $77
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 152
Wgt avg mkt cap (mns) $23,020
Large cap (>$10bn) 56.5%
Mid cap ($2-10bn) 38.8%
Small cap (<$2bn) 3.3%
Developed mkts 81.2%
Emerging mkts 18.8%

TOP TEN HOLDINGS
TATA MOTORS LTD-SPON ADR 1.0 %
ROYAL MAIL PLC 0.8 %
K+S AG 0.8 %
JOHNSON MATTHEY PLC 0.8 %
WIPRO LTD-ADR 0.8 %
NATIXIS 0.8 %
NEXT PLC 0.8 %
TECHNIPFMC PLC 0.8 %
ASML HOLDING NV 0.8 %
ISRAEL CHEMICALS LTD 0.7 %
Total 8.1 %

TOP COUNTRY EXPOSURE
BRITAIN 24.9 %
AUSTRALIA 10.4 %
FRANCE 8.9 %
SWITZERLAND 6.6 %
INDIA 4.6 %
BRAZIL 4.6 %
NETHERLANDS 4.0 %
GERMANY 3.5 %
IRELAND 3.4 %
SWEDEN 3.4 %

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.
12.9% 12.9% -- -- 17.7%

Market Correlations
versus... Beta R-squared
S&P500 1.23 87%
MSCI EAFE 1.22 98%
MSCI Emg. Mkts. 1.00 75%

Technical Indicators
Recent close $31.47
30d moving avg. $31.27
Annualized volatility 32.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 30
Turnover 1.2%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $10,219

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Inspire International ESG ETF ETF based on the alternatives' overlap in portfolio holdings with WWJD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WWJD Expense: 80 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WWJD
Ticker Fund
Name		 Overlap1
vs WWJD
(%)		 Expense
ratio
(bp)		 Savings
vs WWJD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs WWJD
(%)
BLES Inspire Global Hope Large Cap ETF 44.1 52 28 5.6 -0.5
DFAI Dimensional International Core Equity Market ETF 30.5 18 62 6.4 +0.3
IEV iShares Europe ETF 15.7 59 21 6.3 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 15.5 9 71 6.7 +0.6
TPIF Timothy Plan International ETF 15.2 62 18 6.1 -0.0
FLEE Franklin FTSE Europe ETF 15.2 9 71 6.5 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.1 45 35 6.0 -0.1
FLEH Franklin FTSE Europe Hedged ETF 15.1 9 71 6.5 +0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.8 25 55 5.9 -0.2
JHMD John Hancock Multifactor Developed International ETF 14.1 39 41 6.6 +0.5
IEUR iShares Core MSCI Europe ETF 14.0 9 71 6.6 +0.5
VGK Vanguard FTSE Europe ETF 13.9 8 72 6.8 +0.7
SPEU SPDR Portfolio Europe ETF 13.9 9 71 6.8 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 13.8 14 66 6.1 +0.0
RESD WisdomTree International ESG Fund 13.7 30 50 6.5 +0.4
FKU First Trust United Kingdom AlphaDEX Fund 13.6 80 0 7.0 +0.9
RFEU First Trust Riverfront Dynamic Europe ETF 13.5 83 -3 5.6 -0.5
IQSI IQ Candriam ESG International Equity ETF 13.2 15 65 6.4 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 13.1 20 60 6.2 +0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 12.8 30 50 5.2 -0.9
FEP First Trust Europe AlphaDEX Fund 12.8 80 0 7.5 +1.4
DMXF iShares ESG Advanced MSCI EAFE ETF 12.6 12 68 6.2 +0.1
EFA iShares MSCI EAFE ETF 12.5 32 48 6.2 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 12.3 45 35 6.4 +0.3
EWU iShares MSCI United Kingdom ETF 12.3 51 29 6.5 +0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 12.3 45 35 6.4 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 12.3 20 60 6.3 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.3 35 45 6.1 -0.0
ZGBR SPDR Solactive United Kingdom ETF 12.3 14 66 7.1 +1.0
INTF iShares Edge MSCI Multifactor Intl ETF 12.2 30 50 7.2 +1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 12.1 20 60 6.4 +0.4
FLGB Franklin FTSE United Kingdom ETF 12.0 9 71 6.9 +0.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.0 35 45 6.0 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 11.9 30 50 6.0 -0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.8 24 56 6.5 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.8 20 60 6.4 +0.3
EFV iShares MSCI EAFE Value ETF 11.4 39 41 8.4 +2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 11.4 7 73 6.5 +0.5
DWM WisdomTree International Equity Fund 11.4 48 32 7.2 +1.1
BKIE BNY Mellon International Equity ETF 11.3 4 76 6.6 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.1 25 55 6.0 -0.1
EFG iShares MSCI EAFE Growth ETF 11.0 40 40 4.1 -2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.0 40 40 7.2 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 11.0 39 41 5.6 -0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.0 29 51 7.3 +1.2
FDEV Fidelity Targeted International Factor ETF 11.0 39 41 6.2 +0.1
FLAU Franklin FTSE Australia ETF 11.0 9 71 5.7 -0.4
IEFA iShares Core MSCI EAFE ETF 10.9 7 73 6.5 +0.4
QINT American Century Quality Diversified International ETF 10.9 39 41 5.7 -0.4
IDHQ Invesco S&P International Developed Quality ETF 10.9 29 51 4.7 -1.4
DOL WisdomTree International LargeCap Dividend Fund 10.9 48 32 7.2 +1.1
JPIN JPMorgan Diversified Return International Equity ETF 10.9 37 43 7.0 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.7 45 35 7.7 +1.6
SCHF Schwab International Equity ETF 10.6 6 74 6.5 +0.4
MXI iShares Global Materials ETF 10.6 45 35 5.0 -1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 10.6 40 40 5.9 -0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.5 16 64 6.0 -0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 10.4 30 50 4.1 -2.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 10.4 23 57 6.3 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 10.3 5 75 6.5 +0.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 10.2 29 51 7.1 +1.0
EWA iShares MSCI Australia ETF 10.1 51 29 5.1 -1.0
FNDF Schwab Fundamental International Large Co. Index ETF 10.1 25 55 7.7 +1.6
RNDM First Trust Developed International Equity Select ETF 10.0 65 15 5.7 -0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 10.0 30 50 6.3 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 9.9 4 76 6.2 +0.1
PDEV Principal International Multi-Factor Core Index ETF 9.9 25 55 7.1 +1.0
DWMF WisdomTree International Multifactor Fund 9.9 38 42 6.2 +0.1
IQIN IQ 500 International ETF 9.8 25 55 7.7 +1.6
EURZ Xtrackers Eurozone Equity ETF 9.8 9 71 6.6 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.7 58 22 6.5 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.7 20 60 5.0 -1.1
RBIN Nationwide Risk-Based International Equity ETF 9.6 42 38 6.0 -0.0
CWI SPDR MSCI ACWI ex-US ETF 9.6 30 50 6.2 +0.1
DIM WisdomTree International MidCap Dividend Fund 9.4 58 22 7.1 +1.0
VEA Vanguard FTSE Developed Markets ETF 9.4 5 75 6.6 +0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 9.3 35 45 7.7 +1.6
EZU iShares MSCI Eurozone ETF 9.3 51 29 6.0 -0.1
DWCR Arrow DWA Country Rotation ETF 9.1 116 -36 3.6 -2.5
FEUZ First Trust Eurozone AlphaDEX ETF 9.1 80 0 7.1 +1.0
IQDG WisdomTree International Quality Dividend Growth Fund 8.9 42 38 5.9 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 8.9 45 35 6.0 -0.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.8 32 48 5.7 -0.4
DTH WisdomTree International High Dividend Fund 8.8 58 22 8.8 +2.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.7 58 22 5.7 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 8.7 32 48 6.3 +0.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.7 19 61 5.8 -0.3
VSGX Vanguard ESG International Stock ETF 8.7 17 63 6.3 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 8.7 83 -3 5.1 -1.0
VIGI Vanguard International Dividend Appreciation ETF 8.6 20 60 5.0 -1.0
EPP iShares MSCI Pacific ex-Japan ETF 8.6 48 32 5.5 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.5 40 40 6.1 -0.0
AVDE Avantis International Equity ETF 8.5 23 57 6.9 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 8.5 8 72 6.7 +0.6
VYMI Vanguard International High Dividend Yield ETF 8.4 27 53 9.0 +3.0
FYLD Cambria Foreign Shareholder Yield ETF 7.9 59 21 5.6 -0.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 7.9 45 35 9.8 +3.7

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:		 Inspire International ESG 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 9.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.54
 
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.