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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) | $382 |
| 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. |
| 2.4% | 4.4% | 0.4% | -- | 1.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.75 | 93% |
| S&P500 | 0.22 | 44% |
| MSCI EAFE | 0.26 | 61% |
| MSCI Emg. Mkts. | 0.23 | 48% |
| Recent close | $23.74 |
| 30d moving avg. | $23.59 |
| Annualized volatility | 5.7% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 55 |
| Avg. volume (thou.) | 74 |
| Avg. daily value traded (mns) | $2 |
| Turnover | 0.5% |
| Bid/Ask (% of price) | 0.28 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| IBD | 4.0 yrs | Category Avg.* |
4.6 yrs |
| IBD | 3.9% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 7.81% | -14.9% | $20.19 |
| +200 bp | 6.81% | -9.2% | $21.55 |
| +150 bp | 6.31% | -6.6% | $22.16 |
| +100 bp | 5.81% | -4.2% | $22.73 |
| +75 bp | 5.56% | -3.1% | $23.00 |
| +50 bp | 5.31% | -2.0% | $23.26 |
| +25 bp | 5.06% | -1.0% | $23.50 |
| 0 bp | 4.81% | 0% | $23.74 |
| -25 bp | 4.56% | 0.9% | $23.96 |
| -50 bp | 4.31% | 1.8% | $24.18 |
| -75 bp | 4.06% | 2.7% | $24.38 |
| -100 bp | 3.81% | 3.5% | $24.57 |
| -150 bp | 3.31% | 5.0% | $24.92 |
| -200 bp | 2.81% | 6.3% | $25.22 |
| -300 bp | 1.81% | 8.3% | $25.70 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
481 | bp |
| Less: Annual "default factor" |
24 | bp |
| Less: Expense ratio | 45 | bp |
| Equals: ALTAR Score | 4.12 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.1% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.3% |
| Mortgage | 4.9% |
| Municipals | 3.5% |
| *Note: The Inspire Corporate Bond ETF is classified as a Corporate fund. | |