Inspire Corporate Bond Impact ETF
[TICKER: IBD]

Inspire Corporate Bond Impact ETF (IBD) is a low cost5, biblically responsible alternative for investors who want to make a positive impact with their investments without sacrificing quality investment management. Inspire Corporate Bond Impact ETF (IBD) is the first faith-based bond ETF ever created and is carefully designed to create meaningful impact in the lives of people all across the globe by investing in inspiring companies and donating a portion of fees to support Christian ministry projects such as clean water wells, refugee relief efforts, Bible distribution and other worthy causes. As a core holding “workhorse” of investors’ fixed income portfolios, IBD mirrors the characteristics of the broad U.S. bond market while investing only in the investment grade bonds of some of the most inspiring companies in the United States aligned with biblical values, as measured by their Inspire Impact Score. Inspire Corporate Bond Impact ETF (IBD) seeks to track the performance of the Inspire Corporate Bond Impact Equal Weight Index (see below “About The Index”). All Inspire ETF’s meet biblically responsible investing (BRI) standards, which measure a portfolio’s alignment with biblical values.

KEY FEATURES
• Low cost5
• Hundreds of bonds from inspiring U.S. companies
• Designed as core fixed income holding
• Investment grade corporate bonds only
• Intermediate-term bonds have lower interest rate sensitivity than longer term bonds
• Equal-weight index based
• Supports worthy causes
• Meets biblically responsible investing (BRI) standards
• First faith-based bond ETF ever created

ABOUT THE INDEX

The Inspire Corporate Bond Impact Equal Weight Index is comprised of 250 investment grade, intermediate term corporate bonds issued by some of the most inspiring large cap “blue chip” companies in the United States, as determined by Inspire’s revolutionary Inspire Impact Score methodology which measures a company’s positive impact on the world. Inspire defines “large cap” as a market capitalization of $5B or greater and “investment grade” as BBB-/Baa3 or higher. The index is equally weighted, rebalanced quarterly and calculated on a total return basis in US Dollars.

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PERFORMANCE HISTORY

As of 11/19/2018

1 MONTH 3 MONTH 6 MONTH 1 YEAR QTD YTD SINCE
INCEPTION3
NAV 0.28% -0.20% 1.07% -0.97% -0.09% -1.06% -0.35%
Market Price 0.28% 0.29% 1.23% -1.52% -0.29% -1.92% -0.18%

QUARTER END PERFORMANCE HISTORY

As of 09/30/2018

1 MONTH 3 MONTH 6 MONTH 1 YEAR QTD YTD SINCE
INCEPTION3
NAV -0.27% 0.59% 0.43% -0.99% 0.59% -0.97% -0.32%
Market Price 0.10% 1.00% 1.30% -0.82% 1.00% -1.63% 0.04%

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost.

Inspire Funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET when NAV is normally determined for most Inspire Funds, and do not represent the returns you would receive if you traded shares at other times.

Data beginning Fund inception. Fund performance shown at NAV.


DISTRIBUTION HISTORY

Ex-Date Record Date Pay Date Short-Term Capital Gains Long-Term Capital Gains Dividend Income Total Distribution
10/26/2018 10/29/2018 11/05/2018 0 0 0.0488 0.0488
09/26/2018 09/27/2018 10/02/2018 0 0 0.0341 0.0341
08/29/2018 08/30/2018 09/04/2018 0 0 0.0482 0.0482
07/27/2018 07/30/2018 08/06/2018 0 0 0.0401 0.0401
06/27/2018 06/28/2018 07/03/2018 0 0 0.0448 0.0448

TOP HOLDINGS

As of 11/19/2018

NAME SYMBOL NET ASSET % MARKET PRICE($) SHARES HELD MARKET VALUE
US DOLLARS USD 1.96 % 1.00 1,140,241.52 1,140,241.52
General Dynamics Corp 2.250000 11/15/2022 369550AU2 1.21 % 95.71 737,000.00 705,350.00
Broadcom Corp / Broadcom Cayman Finance Ltd 11134LAB5 1.17 % 98.91 687,000.00 679,496.43
Occidental Petroleum Corp 3.400000 04/15/2026 674599CH6 0.96 % 96.32 582,000.00 560,579.70
ConocoPhillips Co 3.350000 11/15/2024 20826FAD8 0.95 % 98.52 562,000.00 553,665.75
Phillips 66 4.300000 04/01/2022 718546AC8 0.94 % 102.12 537,000.00 548,385.57
Ventas Realty LP / Ventas Capital Corp 4.250000 92276MAX3 0.94 % 101.70 537,000.00 546,122.34
Union Pacific Corp 4.000000 02/01/2021 907818DG0 0.94 % 101.43 537,000.00 544,663.78
Boston Properties LP 4.125000 05/15/2021 10112RAS3 0.93 % 101.36 537,000.00 544,304.39
EOG Resources Inc 5.625000 06/01/2019 26875PAD3 0.93 % 101.29 537,000.00 543,940.70
DOWNLOAD ALL HOLDINGS (.CSV)

*Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receiveables (unpaid interest and dividends).

1SEC Yield and Distribution Rate calculations are based on most recent Ex-Date. Distribution Rate reflects the total distributions over the previous 12 months. SEC Yield and Distribution Rate includes income, dividends, return of capital, or other distributions that are not considered short-term or long-term capital gains. Return of capital is considered a return of the investment principal and is not derived from net profits. Yield performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund resulting in a net expense ratio. Performance would have been lower without such waivers.

2Bid/Ask Midpoint as of market close.

3The Inception date of the Inspire Corporate Bond Impact ETF is 07/10/2017

4 Inspire, the adviser, provides the index for the Inspire Funds to track. The indexes uses software that analyzes publicly available data relating to the primary business activities, products and services, philanthropy, legal activities, policies and practices when assigning Inspire Impact Scores to a company. The securities with the highest Inspire Impact Scores are included in the Indexes and are equally weighted. As the Fund may not fully replicate the Index, it is subject to the risk that investment management strategy may not produce the intended results. Past performance is no guarantee of future results. Investors cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.

The Fund may focus its investments in securities of a particular industry to the extent the Index does. This may cause the Fund's net asset value to fluctuate more than that of a fund that does not focus in a particular industry. Fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. As the Fund may not fully replicate the Index, it is subject to the risk that investment management strategy may not produce the intended results.

The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology. Tracking error may occur because of imperfect correlation between the Fund’s holdings of portfolio securities and those in the Index. The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.

5Inspire ETFs have lower expense ratios than the industry average ETF expense ratio of 0.78%. (Source: http://www.etf.com/channels/global-etfs as of 6/23/17)

FUND DETAILS
As of 11/19/2018
Ticker
IBD
Primary Exchange
NYSE Arca
Cusip
66538H633
Inception Date
07/10/2017
Net Assets
$58,249,949.70
Shares Outstanding
2,400,000
Volume
5,097
Net Expense Ratio4
0.61%
Gross Expense Ratio4
1.51%
IOPV Ticker
IBD.IV
Related Index Ticker
30 - Day SEC Yield1
2.79
Distribution Rate
1.81

FUND PRICE
As of 11/19/2018
NAV
$24.27
Daily Change
$0.01
Market Price2
$24.33
Daily Change
$0.03
Premium Discount
$0.059999999999999

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