Inspire Small/Mid Cap Impact ETF
ALTAR
Score™
6.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
2.3%


  • 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 27, 2017
Assets (mns) $68
Currency USD
Expense ratio 60 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 304
Wgt avg mkt cap (mns) $2,005
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 44.6%
Small cap (<$2bn) 55.4%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
STAMPS.COM INC 0.6 %
TAUBMAN CENTERS INC 0.6 %
NATIONAL GENERAL HLDGS 0.6 %
ASBURY AUTOMOTIVE GROUP 0.5 %
SOUTHWESTERN ENERGY CO 0.5 %
EMERGENT BIOSOLUTIONS INC 0.5 %
LUMINEX CORP 0.5 %
CAL-MAINE FOODS INC 0.5 %
MATSON INC 0.4 %
INVESCO MORTGAGE CAPITAL 0.4 %
Total 5.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
CAYMAN ISLANDS 0.6 %
NETHERLANDS 0.3 %
PUERTO RICO 0.3 %
HONG KONG 0.3 %






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.
-19.1% -14.2% -- -- -0.9%

Market Correlations
versus... Beta R-squared
S&P500 1.25 89%
MSCI EAFE 1.27 79%
MSCI Emg. Mkts. 0.90 61%

Technical Indicators
Recent close $22.17
30d moving avg. $22.73
Annualized volatility 23.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 38
Turnover 1.3%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $8,124

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: 60 bp ALTAR Score™: 6.7%


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
(%)
SLY SPDR S&P 600 Small Cap ETF 38.8 15 45 7.2 +0.6
SPSM SPDR Portfolio Small Cap ETF 38.7 5 55 7.3 +0.7
IJR iShares Core S&P Small Cap ETF 38.7 7 53 7.3 +0.6
VIOO Vanguard S&P Small-Cap 600 ETF 38.4 10 50 7.4 +0.7
FYX First Trust Small Cap Core AlphaDEX Fund 33.7 63 -3 6.8 +0.1
TPSC Timothy Plan US Small Cap Core ETF 33.0 52 8 8.5 +1.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 32.8 35 25 8.5 +1.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 32.2 16 44 5.3 -1.4
IJT iShares S&P Small-Cap 600 Growth ETF 31.8 25 35 5.3 -1.4
SLYG SPDR S&P 600 Small Cap Growth ETF 31.8 15 45 5.4 -1.3
IJS iShares S&P Small-cap 600 Value ETF 30.8 25 35 9.5 +2.9
SLYV SPDR S&P 600 Small Cap Value ETF 30.8 15 45 9.6 +2.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 30.6 29 31 5.8 -0.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 29.9 40 20 7.0 +0.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 29.9 15 45 9.9 +3.3
DES WisdomTree U.S. SmallCap Dividend Fund 28.2 38 22 9.0 +2.3
FYT First Trust Small Cap Value AlphaDEX Fund 27.5 72 -12 9.7 +3.1
RNSC Small Cap US Equity Select ETF 27.1 60 0 8.0 +1.3
PSC Principal U.S. Small Cap Index ETF 26.8 38 22 7.2 +0.6
VTWV Vanguard Russell 2000 Value Index Fund 26.6 15 45 7.7 +1.0
IWM iShares Russell 2000 ETF 26.1 19 41 3.7 -2.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 25.9 35 25 8.5 +1.8
IWN iShares Russell 2000 Value ETF 25.8 24 36 7.5 +0.8
AFSM First Trust Active Factor Small Cap ETF 25.7 75 -15 5.8 -0.8
IWO iShares Russell 2000 Growth ETF 24.9 24 36 0.8 -5.9
VTWO Vanguard Russell 2000 Index Fund 24.5 10 50 3.8 -2.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 24.4 20 40 6.2 -0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 23.9 4 56 5.8 -0.8
AVUV Avantis U.S. Small Cap Value ETF 23.3 25 35 9.6 +2.9
EES WisdomTree SmallCap Earnings Fund 23.3 38 22 12.0 +5.3
CSML IQ Chaikin U.S. Small Cap ETF 22.9 35 25 4.3 -2.4
SSLY Syntax Stratified SmallCap ETF 22.6 30 30 6.3 -0.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.5 35 25 6.5 -0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.5 25 35 6.9 +0.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 22.5 39 21 8.0 +1.3
VTWG Vanguard Russell 2000 Growth Index Fund 22.4 15 45 0.8 -5.9
ROGS Hartford Multifactor Global Small Cap ETF 22.1 34 26 8.2 +1.5
SCHA Schwab U.S. Small-Cap ETF 21.3 4 56 4.8 -1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 21.3 39 21 4.3 -2.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.1 12 48 8.1 +1.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 21.1 40 20 7.4 +0.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.5 30 30 8.0 +1.4
FYC First Trust Small Cap Growth AlphaDEX Fund 20.4 70 -10 2.6 -4.1
IUSS Invesco Strategic US Small Company ETF 20.1 23 37 5.6 -1.0
JKJ iShares Morningstar Small-Cap ETF 19.4 25 35 6.9 +0.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.1 29 31 1.8 -4.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.7 24 36 7.4 +0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 18.7 17 43 5.3 -1.4
JHSC John Hancock Multifactor Small Cap ETF 18.0 42 18 6.1 -0.6
NUSC Nuveen ESG Small-Cap ETF 17.8 40 20 5.5 -1.1
VBR Vanguard Small Cap Value Index Fund 17.8 7 53 8.6 +2.0
JKK iShares Morningstar Small-Cap Growth ETF 17.6 30 30 1.2 -5.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 17.5 6 54 5.5 -1.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 17.4 38 22 9.3 +2.6
SQLV Legg Mason Small-Cap Quality Value 17.4 62 -2 8.1 +1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 17.0 15 45 8.8 +2.1
IJJ iShares S&P Mid-Cap 400 Value ETF 16.9 25 35 8.8 +2.1
MDYV SPDR S&P 400 Mid Cap Value ETF 16.8 15 45 8.9 +2.2
XSLV Invesco S&P SmallCap Low Volatility ETF 15.9 25 35 6.2 -0.5
SMDY Syntax Stratified MidCap ETF 15.7 30 30 6.5 -0.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.1 35 25 6.1 -0.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.7 20 40 4.8 -1.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 14.6 29 31 10.0 +3.4
FSMD Fidelity Small-Mid Factor ETF 14.6 29 31 7.2 +0.5
VB Vanguard Small-Cap ETF 14.6 5 55 5.5 -1.2
JKL iShares Morningstar Small Cap Value ETF 13.5 30 30 10.7 +4.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.1 80 -20 5.8 -0.9
PXSG Invesco S&P SmallCap Momentum ETF 13.0 39 21 5.1 -1.6
EZM WisdomTree U.S. MidCap Earnings Fund 13.0 38 22 9.4 +2.8
PSCF Invesco S&P SmallCap Financials ETF 12.8 29 31 11.8 +5.2
XSHQ Invesco S&P SmallCap Quality ETF 12.7 29 31 6.8 +0.1
VUSE Vident Core US Equity Fund 12.6 48 12 8.5 +1.8
VFMF Vanguard U.S. Multifactor ETF 12.4 19 41 7.3 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 12.4 23 37 6.6 -0.1
SPMD SPDR Portfolio Mid Cap ETF 12.3 5 55 6.8 +0.1
RWK Invesco S&P MidCap 400 Revenue ETF 12.3 39 21 8.3 +1.6
IJH iShares Core S&P Mid-Cap ETF 12.3 6 54 6.8 +0.1
AFMC First Trust Active Factor Mid Cap ETF 11.8 65 -5 6.4 -0.2
VBK Vanguard Small-Cap Growth Index Fund 11.8 7 53 2.5 -4.2
IVOO Vanguard S&P Mid-Cap 400 ETF 11.7 10 50 6.6 -0.1
PSCI Invesco S&P SmallCap Industrials ETF 11.0 29 31 6.7 +0.0
VXF Vanguard Extended Market Index Fund 10.9 7 53 3.8 -2.9
FAB First Trust Multi Cap Value AlphaDEX Fund 10.8 71 -11 9.8 +3.1
BUY USCF SummerHaven SHPEI Index Fund 10.4 80 -20 10.5 +3.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.3 20 40 9.7 +3.0
VFQY Vanguard U.S. Quality Factor ETF 10.1 13 47 6.1 -0.5
FNX First Trust Mid Cap Core AlphaDEX Fund 10.1 61 -1 6.6 -0.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 9.8 35 25 9.7 +3.1
RNMC Mid Cap US Equity Select ETF 9.8 60 0 8.0 +1.3
BFOR Barron's 400 ETF 9.6 65 -5 6.4 -0.2
PSCT Invesco S&P SmallCap Information Technology ETF 9.5 29 31 5.7 -0.9
KRE SPDR S&P Regional Banking ETF 9.1 35 25 11.6 +4.9
XSVM Invesco S&P SmallCap Value with Momentum ETF 8.8 39 21 12.1 +5.4
DWAS Invesco DWA SmallCap Momentum ETF 8.7 60 0 -1.1 -7.7
CALF Pacer US Small Cap Cash Cows 100 ETF 8.6 59 1 13.6 +7.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.4 66 -6 2.6 -4.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 8.3 7 53 5.6 -1.1
FNK First Trust Mid Cap Value AlphaDEX Fund 8.2 70 -10 10.6 +3.9
SMDV ProShares Russell 2000 Dividend Growers ETF 8.2 40 20 7.7 +1.1
PSCH Invesco S&P SmallCap Health Care ETF 8.1 29 31 3.1 -3.6

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:

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 9.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.52
 
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.