Inspire International ESG ETF
ALTAR
Score™		 7.6% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 21.4x P/Sales
ratio		 1.1x
P/BV
ratio		 1.2x Div.
yield		 2.8%


  • 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) $53
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 151
Wgt avg mkt cap (mns) $17,258
Large cap (>$10bn) 44.7%
Mid cap ($2-10bn) 49.2%
Small cap (<$2bn) 4.8%
Developed mkts 81.8%
Emerging mkts 18.2%

TOP TEN HOLDINGS
JAMES HARDIE INDUSTRIES-CDI 1.0 %
PANDORA A/S 0.9 %
MACQUARIE GROUP LTD 0.9 %
FORTESCUE METALS GROUP LTD 0.9 %
VALEO SA 0.8 %
KINGFISHER PLC 0.8 %
ORIGIN ENERGY LIMITED 0.8 %
CALTEX AUSTRALIA LIMITED 0.8 %
BRENNTAG AG 0.8 %
GOODMAN GROUP 0.8 %
Total 8.5 %

TOP COUNTRY EXPOSURE
BRITAIN 24.3 %
AUSTRALIA 11.8 %
FRANCE 9.2 %
SWITZERLAND 6.5 %
IRELAND 4.8 %
BRAZIL 4.6 %
NETHERLANDS 4.3 %
INDIA 3.7 %
SWEDEN 3.6 %
DENMARK 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.2% -- -- -- -9.3%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $24.17
30d moving avg. $23.92
Annualized volatility 0.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.6%
Bid/Ask (% of price) 0.94%
ADV underlying (mns) $16,996

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.6%


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 43.0 52 28 6.5 -1.1
SCID Global X Scientific Beta Europe ETF 15.6 39 41 6.5 -1.1
TPIF Timothy Plan International ETF 15.5 62 18 6.4 -1.2
JPEU JPMorgan Diversified Return Europe Equity ETF 14.3 37 43 7.0 -0.6
IEV iShares Europe ETF 13.5 59 21 6.8 -0.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 13.2 30 50 6.8 -0.8
BBEU JPMorgan BetaBuilders Europe ETF 13.1 9 71 7.4 -0.2
FLEE Franklin FTSE Europe ETF 13.1 9 71 7.0 -0.6
FLEH Franklin FTSE Europe Hedged ETF 13.0 9 71 7.1 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.9 25 55 6.6 -1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.9 45 35 6.6 -1.0
EUMV iShares Edge MSCI Min Vol Europe ETF 12.8 25 55 5.0 -2.6
FLAU Franklin FTSE Australia ETF 12.7 9 71 6.7 -0.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.6 30 50 0.0 -7.6
FEP First Trust Europe AlphaDEX Fund 12.3 80 0 7.8 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 12.1 45 35 6.8 -0.8
JHMD John Hancock Multifactor Developed International ETF 12.1 39 41 7.5 -0.1
IEUR iShares Core MSCI Europe ETF 12.0 9 71 7.3 -0.3
FEU SPDR Portfolio Europe ETF 11.9 9 71 7.4 -0.2
IQSI IQ Candriam ESG International Equity ETF 11.8 15 65 7.3 -0.2
EWA iShares MSCI Australia ETF 11.8 50 30 6.2 -1.4
OEUR O'shares FTSE Europe Quality Dividend ETF 11.7 48 32 6.6 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 11.6 30 50 6.9 -0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 11.6 30 50 6.1 -1.5
VGK Vanguard FTSE Europe ETF 11.5 8 72 7.5 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.4 14 66 7.0 -0.6
QGBR SPDR MSCI UK StrategicFactors ETF 11.3 14 66 7.6 +0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 11.3 20 60 7.0 -0.6
EFV iShares MSCI EAFE Value ETF 11.3 39 41 9.6 +2.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.2 24 56 7.3 -0.3
RFEU First Trust Riverfront Dynamic Europe ETF 11.1 83 -3 5.4 -2.2
FLGB Franklin FTSE United Kingdom ETF 11.0 9 71 7.6 +0.1
EWU iShares MSCI United Kingdom ETF 10.8 50 30 7.1 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 10.8 20 60 7.5 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 10.6 20 60 7.4 -0.2
EFA iShares MSCI EAFE ETF 10.6 32 48 7.1 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.6 20 60 7.1 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 10.6 35 45 6.9 -0.7
MXI iShares Global Materials ETF 10.5 46 34 6.1 -1.5
IDY Pacific Global International Equity Income ETF 10.4 39 41 8.1 +0.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 10.2 35 45 6.9 -0.7
INTF iShares Edge MSCI Multifactor Intl ETF 10.2 30 50 8.0 +0.4
IDHQ Invesco S&P International Developed Quality ETF 10.1 29 51 5.1 -2.5
PDEV Principal International Multi-Factor Core Index ETF 10.1 25 55 8.0 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.9 58 22 6.1 -1.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 9.9 7 73 7.6 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.8 25 55 6.7 -0.9
JPIN JPMorgan Diversified Return International Equity ETF 9.8 37 43 8.1 +0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.8 29 51 8.8 +1.2
DIM WisdomTree International MidCap Dividend Fund 9.7 58 22 7.8 +0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 9.7 30 50 7.5 -0.1
FKU First Trust United Kingdom AlphaDEX Fund 9.7 80 0 9.3 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 9.7 40 40 7.0 -0.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.7 20 60 5.5 -2.1
EPP iShares MSCI Pacific ex-Japan ETF 9.6 48 32 6.6 -1.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 9.5 19 61 6.9 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.4 35 45 8.5 +0.9
FYLD Cambria Foreign Shareholder Yield ETF 9.4 59 21 9.4 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.4 39 41 6.7 -0.9
IEFA iShares Core MSCI EAFE ETF 9.4 7 73 7.4 -0.2
RBIN Nationwide Risk-Based International Equity ETF 9.4 42 38 6.5 -1.1
BKIE BNY Mellon International Equity ETF 9.3 4 76 7.5 -0.1
DWM WisdomTree International Equity Fund 9.3 48 32 8.3 +0.7
SCHF Schwab International Equity ETF 9.3 6 74 7.4 -0.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 9.3 45 35 10.0 +2.5
FDEV Fidelity Targeted International Factor ETF 9.2 39 41 6.5 -1.1
DTH WisdomTree DEFA Equity Income Fund 9.2 58 22 9.7 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.2 65 15 11.1 +3.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 9.1 16 64 7.0 -0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.0 32 48 6.4 -1.2
SPDW SPDR Portfolio Developed World ex-US ETF 9.0 4 76 7.2 -0.3
QINT American Century Quality Diversified International ETF 8.9 39 41 5.9 -1.7
DOL WisdomTree International LargeCap Dividend Fund 8.9 48 32 8.6 +1.0
IDEV iShares Core MSCI International Developed Markets ETF 8.9 5 75 7.3 -0.3
ISDX Invesco Strategic Developed ex-US ETF 8.9 23 57 7.6 -0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.9 45 35 9.0 +1.4
FNDF Schwab Fundamental International Large Co. Index ETF 8.7 25 55 8.9 +1.3
CWI SPDR MSCI ACWI ex-US ETF 8.7 30 50 7.3 -0.3
RNDM Developed International Equity Select ETF 8.6 65 15 6.5 -1.1
IDMO Invesco S&P International Developed Momentum ETF 8.6 26 54 4.6 -3.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 8.5 29 51 7.8 +0.2
EXI iShares Global Industrials ETF 8.4 46 34 6.2 -1.4
EURZ Xtrackers Eurozone Equity ETF 8.3 9 71 7.1 -0.5
VEA Vanguard FTSE Developed Markets ETF 8.1 5 75 7.5 -0.1
VIGI Vanguard International Dividend Appreciation ETF 8.1 25 55 5.6 -2.0
EFG iShares MSCI EAFE Growth ETF 8.0 40 40 4.6 -3.0
EZU iShares MSCI Eurozone ETF 7.9 49 31 6.6 -0.9
FEUZ First Trust Eurozone AlphaDEX ETF 7.9 80 0 7.8 +0.2
VYMI Vanguard International High Dividend Yield ETF 7.9 32 48 10.3 +2.7
FAUS First Trust Australia AlphaDEX Fund 7.8 80 0 7.8 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 7.8 32 48 7.4 -0.2
DWMF WisdomTree International Multifactor Fund 7.8 38 42 6.8 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 7.7 8 72 7.7 +0.1
PIZ Invesco DWA Developed Markets Momentum ETF 7.7 81 -1 4.3 -3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.7 40 40 7.1 -0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.6 47 33 12.4 +4.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.6 45 35 6.8 -0.8
IQDF FlexShares International Quality Dividend Index Fund 7.6 47 33 12.4 +4.8
IQIN IQ 500 International ETF 7.4 25 55 9.0 +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:		 Inspire International ESG ETF
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 9.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 CATEGORY
AVERAGE		 1.59
 
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.