Key stats
About Inspire Corporate Bond ETF
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Inception date
Jul 10, 2017
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Inspire Investing LLC
Distributor
Foreside Fund Services LLC
IBD utilizes a principles-based bond strategy that aligns with evangelical Christian values defined by the issuer. Starting from a broad universe of USD-denominated, investment-grade corporate bonds issued by S&P 500 companies, the fund screens out firms with any participation in activities inconsistent with biblical values as defined by the index sponsor. The fund applies a proprietary model to score companies based on primary business activities, products and services, philanthropy, legal activities, policies, and practices. The fund holds 250 bonds from the 200 highest-scoring issuers, weighted equally across four maturity tranches of 0-3, 3-5, 5-7,and 7-10 years. The portfolio will have an average maturityof approximately5 years. IBD is a potential fit for investors who share the faith-based principles defined by the issuer. Between March 30 and August 19, 2022, the fund's name included a reference to 'ESG'. There was no change in the strategy.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.34%
Cash0.66%
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