ISMD
Inspire Small/Mid Cap ETF
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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
206.4 M
ASSETS UNDER MGMT
54 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Lights |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 27, 2017 |
| Assets (mns) | $206 |
| Expense ratio | 54 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GLOBALSTAR, INC. | 0.4 % |
| ALLEGIANT TRAVEL CO | 0.3 % |
| SKYWATER TECHNOLOGY INC | 0.3 % |
| PLAYA HOTELS & RESORTS N.V. | 0.3 % |
| UNIVERSAL TECHNICAL INSTITUT | 0.3 % |
| PARAGON 28, INC. | 0.3 % |
| ARCUTIS BIOTHERAPEUTICS INC | 0.3 % |
| CHART INDUSTRIES INC | 0.3 % |
| TELEPHONE AND DATA SYSTEMS, INC. | 0.3 % |
| MYR GROUP INC/DELAWARE | 0.3 % |
Constituent Breakdown
| Number of holdings | 500 |
| Herfindahl-Hirschman Index | 20 |
| Wgt avg mkt cap (mns) | $2,828 |
| Large cap (>$10bn) | 1.2% |
| Mid cap ($2-10bn) | 52.6% |
| Small cap (<$2bn) | 46.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.8 % |
 |
BERMUDA | 0.8 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.3% | 9.3% | 13.2% | 3.5% | 9.0% | -- | 8.8% | Volatility | 18.7% | 19.5% | 19.7% | 21.3% | 27.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 68% |
| MSCI EAFE | 1.03 | 63% |
| MSCI Emg Mkts | 0.71 | 30% |
Liquidity Measures
| Avg. volume (000) | 45 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $9,008 |
Technical Indicators
| Recent close | $38.90 |
| 30d moving avg. | $39.21 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 6.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ISMD |
Expenses vs. ISMD |
ALTAR Score™ vs. ISMD |
|---|---|---|---|---|
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 35.3% | -19 bp | +1.8% |
| CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 35.3% | -12 bp | +1.8% |
| TPSC | Timothy Plan US Small Cap Core ETF | 35.3% | -2 bp | +2.2% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 34.7% | -25 bp | +2.8% |
| CSML | IndexIQ ETF Trust IQ U.S. Small Cap ETF | 32.9% | -19 bp | +0.2% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 32.1% | -42 bp | +2.2% |
| IJR | iShares Core S&P Small Cap ETF | 31.8% | -48 bp | +2.5% |
| FNDA | Schwab Fundamental US Small Co. Index ETF | 31.5% | -29 bp | +1.7% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 31.2% | -34 bp | +0.2% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 31.1% | -44 bp | +2.4% |
Risk and Returns: ISMD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/21/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ISMD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ISMD
4.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 979 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.5%. ISMD's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places ISMD in the 31st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ISMDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| ISMD (54 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ISMD | 54.0 | 25.1 | 79.1 |
| Peer Avg. | 31.4 | 14.8 | 46.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .