Inspire Small/Mid Cap Impact ETF
ALTAR
Score™
9.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.9x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Inspire Small/Mid Cap Impact ETF tracks an equal-weighted index of 500 small- and midcap US stocks that are screened for alignment with biblical values and positive impact on the world according to various ESG criteria.

FUND BASICS
Category US Equities
Fund Sponsor Northern Lights
Website www.inspireetf.com
Inception date Feb 28, 2017
Assets (mns) $62
Currency USD
Expense ratio 61 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 302
Wgt avg mkt cap (mns) $1,584
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 26.0%
Small cap (<$2bn) 74.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
STAMPS.COM INC 0.6 %
SOUTHWESTERN ENERGY CO 0.6 %
TAUBMAN CENTERS INC 0.6 %
LEGG MASON INC 0.5 %
COMMERCIAL METALS CO 0.5 %
ICU MEDICAL INC 0.5 %
AMN HEALTHCARE SERVICES INC 0.5 %
TREEHOUSE FOODS INC 0.5 %
CAL-MAINE FOODS INC 0.4 %
LUMINEX CORP 0.4 %
Total 5.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
CAYMAN ISLANDS 0.7 %
NETHERLANDS 0.4 %
HONG KONG 0.3 %
PUERTO RICO 0.3 %
IRELAND 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-31.3% -25.8% -- -- -7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.32 89%
MSCI EAFE 1.28 78%
MSCI Emg. Mkts. 0.95 61%

Technical Indicators
Recent close $17.47
30d moving avg. $21.12
Annualized volatility 22.9%
Short interest (ETF) 2.4%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 54
Turnover 1.5%
Bid/Ask (% of price) 1.04%
ADV underlying (mns) $6,901

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Inspire Small/Mid Cap Impact ETF ETF based on the alternatives' overlap in portfolio holdings with ISMD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ISMD Expense: 61 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ISMD
Ticker Fund
Name
Overlap1
vs ISMD
(%)
Expense
ratio
(bp)
Savings
vs ISMD
(bp)
ALTAR
Score™
(%)
ALTAR
vs ISMD
(%)
SPSM SPDR Portfolio Small Cap ETF 39.7 5 56 9.9 +0.1
SLY SPDR S&P 600 Small Cap ETF 39.7 15 46 9.8 +0.0
IJR iShares Core S&P Small Cap ETF 39.6 7 54 9.9 +0.1
VIOO Vanguard S&P Small-Cap 600 ETF 39.2 10 51 9.8 +0.0
TPSC Timothy Plan US Small Cap Core ETF 35.6 52 9 11.2 +1.4
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 34.9 35 26 11.8 +2.0
FYX First Trust Small Cap Core AlphaDEX Fund 34.0 63 -2 9.2 -0.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 33.7 40 21 9.2 -0.7
IJS iShares S&P Small-cap 600 Value ETF 32.3 25 36 12.4 +2.6
SLYV SPDR S&P 600 Small Cap Value ETF 32.3 15 46 12.6 +2.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 31.9 15 46 12.6 +2.8
IJT iShares S&P Small-Cap 600 Growth ETF 31.8 25 36 7.7 -2.1
SLYG SPDR S&P 600 Small Cap Growth ETF 31.8 15 46 7.8 -2.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 31.7 16 45 7.8 -2.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 30.1 29 32 8.6 -1.2
DES WisdomTree U.S. SmallCap Dividend Fund 29.7 38 23 12.7 +2.9
RNSC Small Cap US Equity Select ETF 28.7 60 1 9.7 -0.1
FYT First Trust Small Cap Value AlphaDEX Fund 28.0 72 -11 14.1 +4.3
VTWV Vanguard Russell 2000 Value Index Fund 27.7 15 46 10.5 +0.7
IWN iShares Russell 2000 Value ETF 27.6 24 37 10.4 +0.5
PSC Principal U.S. Small Cap Index ETF 26.7 38 23 11.0 +1.2
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 26.6 35 26 11.8 +2.0
IWM iShares Russell 2000 ETF 26.1 19 42 5.6 -4.2
AFSM First Trust Active Factor Small Cap ETF 26.1 75 -14 9.8 -0.0
VTWO Vanguard Russell 2000 Index Fund 26.1 10 51 5.8 -4.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 25.4 39 22 8.9 -0.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 25.3 20 41 9.0 -0.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 24.8 39 22 9.9 +0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.5 25 36 9.9 +0.1
CSML IQ Chaikin U.S. Small Cap ETF 24.4 35 26 7.9 -1.9
EES WisdomTree SmallCap Earnings Fund 24.3 38 23 18.6 +8.8
AVUV Avantis U.S. Small Cap Value ETF 24.2 25 36 13.9 +4.1
VTWG Vanguard Russell 2000 Growth Index Fund 23.7 15 46 1.8 -8.0
IWO iShares Russell 2000 Growth ETF 23.7 24 37 1.6 -8.2
SCHA Schwab U.S. Small-Cap ETF 23.2 4 57 7.5 -2.3
ROGS Hartford Multifactor Global Small Cap ETF 23.1 34 27 12.0 +2.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 23.1 35 26 9.4 -0.4
JKJ iShares Morningstar Small-Cap ETF 22.9 25 36 9.3 -0.5
IUSS Invesco Strategic US Small Company ETF 22.6 23 38 9.1 -0.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 22.4 39 22 6.5 -3.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 22.1 40 21 10.0 +0.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.4 12 49 12.0 +2.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.2 17 44 7.4 -2.5
JKL iShares Morningstar Small Cap Value ETF 20.1 30 31 15.4 +5.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.8 29 32 3.5 -6.3
SCAP AdvisorShares Cornerstone Small Cap ETF 19.7 90 -29 7.9 -1.9
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 19.4 38 23 13.6 +3.8
VBR Vanguard Small Cap Value Index Fund 19.3 7 54 12.3 +2.5
JHSC John Hancock Multifactor Small Cap ETF 19.2 50 11 8.9 -0.9
NUSC Nuveen ESG Small-Cap ETF 19.1 40 21 7.6 -2.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 18.9 6 55 8.1 -1.7
MDYV SPDR S&P 400 Mid Cap Value ETF 18.5 15 46 12.4 +2.6
IJJ iShares S&P Mid-Cap 400 Value ETF 18.5 25 36 12.3 +2.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 18.4 15 46 12.5 +2.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.1 24 37 11.3 +1.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 17.4 30 31 10.9 +1.1
JKK iShares Morningstar Small-Cap Growth ETF 17.3 30 31 2.2 -7.6
FYC First Trust Small Cap Growth AlphaDEX Fund 17.2 70 -9 3.7 -6.1
DWAS Invesco DWA SmallCap Momentum ETF 17.1 60 1 -1.2 -11.0
SMDY Syntax Stratified MidCap ETF 16.6 30 31 9.4 -0.4
SQLV Legg Mason Small-Cap Quality Value 16.5 62 -1 11.7 +1.9
VB Vanguard Small-Cap ETF 15.9 5 56 8.2 -1.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 14.9 29 32 16.1 +6.3
FSMD Fidelity Small-Mid Factor ETF 14.9 29 32 10.1 +0.3
RWK Invesco S&P MidCap 400 Revenue ETF 14.0 39 22 12.0 +2.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 14.0 35 26 10.1 +0.3
EZM WisdomTree U.S. MidCap Earnings Fund 13.9 38 23 14.2 +4.4
VUSE Vident Core US Equity Fund 13.4 48 13 11.3 +1.5
XSHQ Invesco S&P SmallCap Quality ETF 13.2 29 32 8.1 -1.7
PXSG Invesco S&P SmallCap Momentum ETF 13.0 39 22 7.7 -2.1
XSLV Invesco S&P SmallCap Low Volatility ETF 12.9 25 36 12.0 +2.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 12.9 48 13 9.1 -0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 12.8 20 41 7.9 -1.9
VBK Vanguard Small-Cap Growth Index Fund 12.5 7 54 3.9 -5.9
MDY SPDR S&P Midcap 400 ETF Trust 12.4 23 38 9.1 -0.7
SPMD SPDR Portfolio Mid Cap ETF 12.3 5 56 9.3 -0.5
IJH iShares Core S&P Mid-Cap ETF 12.3 6 55 9.3 -0.5
PSCF Invesco S&P SmallCap Financials ETF 12.2 29 32 15.8 +6.0
IVOO Vanguard S&P Mid-Cap 400 ETF 12.2 10 51 9.3 -0.5
VXF Vanguard Extended Market Index Fund 12.1 7 54 6.0 -3.8
FAB First Trust Multi Cap Value AlphaDEX Fund 11.9 71 -10 13.7 +3.9
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 11.9 35 26 12.8 +3.0
RNMC Mid Cap US Equity Select ETF 11.8 60 1 10.3 +0.5
VFMF Vanguard U.S. Multifactor ETF 11.5 18 43 11.2 +1.4
AFMC First Trust Active Factor Mid Cap ETF 10.7 65 -4 10.0 +0.2
VFQY Vanguard U.S. Quality Factor ETF 10.5 13 48 8.7 -1.1
BUY USCF SummerHaven SHPEI Index Fund 10.2 80 -19 17.6 +7.8
PSCI Invesco S&P SmallCap Industrials ETF 10.2 29 32 10.2 +0.4
BFOR Barron's 400 ETF 10.1 66 -5 9.2 -0.6
FNX First Trust Mid Cap Core AlphaDEX Fund 9.9 61 0 10.5 +0.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.6 20 41 10.5 +0.7
JSML Janus Henderson Small Cap Growth Alpha ETF 9.5 35 26 9.5 -0.3
PSCT Invesco S&P SmallCap Information Technology ETF 9.4 29 32 7.8 -2.0
RFV Invesco S&P Midcap 400 Pure Value ETF 9.3 35 26 16.9 +7.1
KRE SPDR S&P Regional Banking ETF 8.9 35 26 16.4 +6.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 8.6 35 26 7.9 -1.9
FNK First Trust Mid Cap Value AlphaDEX Fund 8.5 70 -9 16.4 +6.6
VFVA Vanguard U.S. Value Factor ETF 8.4 13 48 16.9 +7.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.3 39 22 16.4 +6.6
QABA First Trust NASDAQ ABA Community Bank Index Fund 8.3 60 1 13.7 +3.9

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 Small/Mid Cap Impact ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.51
 
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.