ISMDInspire Small/Mid Cap Impact ETF
ISMD Fund Description
ISMD 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.
ISMD Factset Analytics Insight
ISMD follows a principles-based, “biblically responsible” investing philosophy, screening for firms with products and policies aligned to evangelical Christian values. By rule, it screens out companies with any degree of involvement in certain activities: abortion, gambling, alcohol, human rights violations, and (to some controversy) LGBT lifestyles. ISMD goes on to score remaining firms by how well they align with its values, considering factors such as family time for employees, community philanthropy, environmental protection, or products that treat disease or support education. The 500 highest scoring firms receive equal weights in the fund. Despite an environmental component in its screen, many firms in extractive industries—mining and petroleum—appear to make the cut. The portfolio does show a pronounced tilt toward small-caps. This is at least partially a result of the fund’s equal-weighting scheme, which favors smaller firms, and its small-cap-leaning selection universe. The index is rebalanced quarterly.
ISMD MSCI ESG Analytics Insight
Inspire Small/Mid Cap Impact ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.44 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Inspire Small/Mid Cap Impact ETF ranks in the 16th percentile within its peer group and in the 6th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ISMD MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
ISMD Summary Data
ISMD Portfolio Data
ISMD Index Data
ISMD Portfolio Management
ISMD Tax Exposures
ISMD Fund Structure
ISMD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ISMD. ISMD is rated a 5 out of 5.
ISMD Sector/Industry Breakdown
ISMD Economic Development
ISMD Performance Statistics
ISMD MSCI ESG Ratings
ISMD Benchmark Comparison Summary
ISMD Benchmark Comparison Market Cap Size