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Inspire Corporate Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| IBD tracks an equally weighted index of bonds issued by S&P 500-component companies that meet biblically responsible investing standards. |
| Category | Corporate |
| Fund Sponsor | Inspire |
| Website | www.inspireetf.com |
| Inception date | Jul 10, 2017 |
| Assets (mns) | $440 |
| Currency | USD |
| Expense ratio | 45 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Equal |
| Index replication |
| No. of constituents | 246 |
| No of distinct issuers | 120 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 88% |
| 0.0% // | 2.0 % |
| 0.0% // | 2.0 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| 0.0% // | 1.9 % |
| TOTAL | 19.4 % |
|---|
| REPUBLIC SERVICES, INC. | 3.9% |
| ALEXANDRIA REAL ESTATE EQUITIES, I... | 2.6% |
| REALTY INCOME CORPORATION | 2.6% |
| STRYKER CORPORATION | 2.4% |
| VENTAS REALTY LP | 2.3% |
 |
UNITED STATES | 96.5 % |
 |
CANADA | 0.6 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 5.9% | 6.4% | 1.0% | -- | 2.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.66 | 76% |
| S&P500 | 0.23 | 36% |
| MSCI EAFE | 0.24 | 54% |
| MSCI Emg. Mkts. | 0.19 | 39% |
| Recent close | $23.98 |
| 30d moving avg. | $24.14 |
| Annualized volatility | 4.8% |
| Short interest (ETF) | 0.3% |
| Relative strength (RSI) | 48 |
| Avg. volume (thou.) | 59 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 0.3% |
| Bid/Ask (% of price) | 0.25 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| IBD | 4.0 yrs | Category Avg.* |
4.7 yrs |
| IBD | 3.9% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 7.19% | -14.9% | $20.40 |
| +200 bp | 6.19% | -9.2% | $21.77 |
| +150 bp | 5.69% | -6.6% | $22.39 |
| +100 bp | 5.19% | -4.2% | $22.96 |
| +75 bp | 4.94% | -3.1% | $23.23 |
| +50 bp | 4.69% | -2.0% | $23.49 |
| +25 bp | 4.44% | -1.0% | $23.74 |
| 0 bp | 4.19% | 0% | $23.98 |
| -25 bp | 3.94% | 0.9% | $24.21 |
| -50 bp | 3.69% | 1.8% | $24.42 |
| -75 bp | 3.44% | 2.7% | $24.63 |
| -100 bp | 3.19% | 3.5% | $24.82 |
| -150 bp | 2.69% | 5.0% | $25.17 |
| -200 bp | 2.19% | 6.3% | $25.48 |
| -300 bp | 1.19% | 8.3% | $25.96 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
419 | bp |
| Less: Annual "default factor" |
24 | bp |
| Less: Expense ratio | 45 | bp |
| Equals: ALTAR Score | 3.50 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.2% |
| Government | 6.6% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.2% |
| *Note: The Inspire Corporate Bond ETF is classified as a Corporate fund. | |