Inspire Momentum ETF
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.5%
1 yr return
25.7%
3 Yr Avg Return
2.6%
5 Yr Avg Return
N/A
Net Assets
$57.3 M
Holdings in Top 10
33.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GLRY - Profile
Distributions
- YTD Total Return 11.5%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInspire Momentum ETF
-
Fund Family NameAnchor Funds
-
Inception DateDec 07, 2020
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Netzly
Fund Description
The Fund, an actively managed exchange traded fund (ETF), invests at least 80% of its net assets plus any borrowings for investment purposes in midcap stocks. The Adviser defines midcap companies to be those that are the second largest 10% of the U.S. equity market.
The Fund’s investment adviser, Inspire Investing, LLC (the “Adviser”) uses the proprietary Inspire Impact Score™ method of faith-based analysis to provide the acceptable investment universe available for the Fund. The Adviser uses a system of technical analysis to select Fund investments from this investment universe and to manage the assets of the Fund. It seeks to invest Fund assets in stocks demonstrating momentum that the Adviser further deems to have high growth potential based on the company’s financial health, earnings trends, valuation, risk and relative strength. In adopting a momentum style of investing, the Fund seeks to invest in securities that have had better recent performance compared to their peers and upward price movements. Based on these factors, the Fund at any given time may have significant percentage of its assets invested in one or more sectors than other sectors.
The Inspire Impact Score™ is a proprietary selection methodology that is designed to assign a score to a particular security based on the security’s alignment with biblical values and the positive impact the issuing company has on the world. Utilizing specifically identified, publicly available and/or third-party sources, the Inspire Impact Score™ methodology endeavors to assign negative scores to and exclude companies from the investment universe if they are found in violation of specified categories that do not align with biblical values, and seeks to assign positive scores to companies which the Adviser has not found to be in violation of the specified exclusionary categories.
It is not possible for the Adviser to be aware of every action a company takes, and there may be additional positive or problematic activities which a company engages in that are beyond what is included in the Inspire Impact Score™ calculation. The Inspire Impact Score™ is not meant to include all activities, whether public or private, of each company scored, but rather to assign a score to companies based on the data the Adviser has found from the specified publicly available sources and/or third-party data providers. The Inspire Impact Score™ represents the Adviser’s viewpoint on the biblical alignment of scored investments, and other investors may have different opinions about what should or should not be considered a violation. The Adviser seeks to update Inspire Impact Scores™ in a timely fashion at regular intervals, but due to differences in research schedules, corporate engagement efforts and data publication timing, a company’s Inspire Impact Score™ may not immediately reflect all known data as soon as it is researched.
The specific exclusionary categories deemed to not be in alignment with biblical values and which the Inspire Impact Score™ seeks to assign negative scores and exclude from the investment universe are as follows:
| ● | Abortifacients: Companies that produce or distribute abortifacient drugs (pharmaceuticals used to terminate a pregnancy anytime from the moment of conception onward, including those labeled as “contraceptives” but which may cause a fertilized egg to be destroyed). |
| ● | Abortion Legislation: Companies that have signed Planned Parenthood’s “Don’t Ban Equality” and/or “Don’t Ban Equality in Texas” Statement(s) to pledge support for legalizing abortion access and to oppose legislative bans on abortion access. |
| ● | Abortion Philanthropy: Companies that engage in corporate-guided philanthropy to Center for American Progress, Women and Their Bodies, and/or Pathfinder, which advocate for abortion access (seeks to exclude donations from employee matching programs, employee resource groups, donor-advised funds, and foundations). *Note: Philanthropy to Planned Parenthood, a widely known abortion access advocate, is not included, because their corporate donor list is no longer publicly available following the backlash over undercover video which implicated Planned Parenthood in the illegal sale of aborted baby organs and other body parts. |
| ● | Abortion Services: Companies that own and operate one or more medical facilities that provides abortion procedures at any stage of pregnancy. |
| ● | Abortion Travel: Companies that offer employee travel benefits which allow employee access to abortion services at any stage of pregnancy. |
| ● | Alcohol: Companies that produce at least one alcoholic beverage or exclusively distribute alcoholic beverages. |
| ● | Cannabis Cultivation/Processing: Companies that cultivate or process cannabis for retail or wholesale distribution. |
| ● | Cannabis (Retail THC): Companies that produce or distribute retail cannabis products containing THC (which is the psychoactive component of cannabis). |
| ● | Embryonic Stem Cells: Companies that perform research on or produce products using embryonic stem cells, companies that provide embryonic stem cells to other entities and companies that utilize propagated stem cell lines which originally derived from embryonic stem cells. |
| ● | Exploitation: Companies that contribute towards the unlawful and immoral practices of exploiting individuals for labor or sexual purposes, according to the National Center on Sexual Exploitation (NCOSE). |
| ● | Gambling: Companies that generate revenue from gambling facilities, products, and/or services (not including third-party stores which offer Lottery services). |
| ● | In Vitro Fertilization: Companies that offer in vitro fertilization services or manufacture equipment specifically for the purpose of in vitro fertilization procedures. |
| ● | LGBT Activism: Companies earning an above-average rating according to an annual self-reported survey conducted by a national LGBT advocacy organization, which rates companies based on their corporate LGBT activism across several areas, including philanthropy, corporate policy, marketing efforts, and legislative support. The average score is calculated from the scores of the Fortune 500 companies that participated in the annual survey. |
| ● | Pornography: Companies that produce or distribute pornography. This category includes all media types, such as film, print and online. Also included are companies that produce AO (Adult Only) rated video games which contain pornographic content. |
| ● | State Owned Enterprise: Companies that are owned and/or controlled by a Nation State/government of a country excluded from investment due to significant human rights violations of the following nature (as provided by U.S. Department of State): freedom of religion, sexual exploitation of children, trafficking in persons (Tier 3 only), and/or predominantly governed by Sharia Law. This category includes situations where the State has veto power or a “golden share” is owned by the State or State-controlled agency. The current countries excluded from investment due to significant human rights violations are China, Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Russia, Iran, Pakistan, Malaysia, and Vietnam. |
| ● | Tobacco: Companies that derive revenue from producing or exclusively distributing tobacco products. |
In addition to excluding companies involved in the preceding categories, the Adviser also excludes investment from companies engaged in the following categories, though they do not constitute a negative Inspire Impact Score™:
| ● | Contraceptives (Barrier): Companies that produce barrier-type contraceptives, such as condoms and diaphragms, which prevent pregnancy by creating a physical barrier (rather than hormonal or chemical means). |
| ● | Weapons (Civilian): Companies that manufacture firearms for civilian use. |
| ● | Weapons (Military): Companies that manufacture weapons for military use (this category does not include maintenance, repair, and operation (MRO) companies). |
The specific biblical alignment categories, for which the Inspire Impact Score™ seeks to assign positive scores (to companies not found to be in violation of the previously mentioned exclusionary categories) are listed below. FactSet provides the data for reach category.
| ● | Air Quality: Companies that responsibly address and manage the impact of air quality resulting from stationary (e.g., factories, power plants) and mobile sources (e.g., trucks, delivery vehicles, planes) as well as industrial emissions (does not include GHG emissions). |
| ● | Business Ethics: Companies that intentionally manage risks and opportunities surrounding ethical conduct of business, including fraud, corruption, bias, negligence, bribery, facilitation payments, fiduciary responsibilities, and other behavior that may have an ethical component. |
| ● | Business Resilience: Companies that display a capacity to manage risks and opportunities associated with incorporating social, environmental, and political transitions into long-term business model planning despite operating in industries where evolving environmental and social realities challenge their current business approach. |
| ● | Critical Risk Management: Companies that display responsible use of management systems and scenario planning to identify, understand, and prevent or minimize the occurrence of low-probability, high-impact accidents, and emergencies with significant probable consequences, taking into consideration the potential human, environmental, and social implications, as well as the long-term ramifications for the company. |
| ● | Customer Privacy: Companies that responsibly address risks related to the use of personally identifiable information (PII) and other user/customer data for secondary purposes including but not limited to marketing through affiliates and non-affiliates, data collecting procedures, managing user/customer expectations, consent processes, and compliance with evolving regulation (does not include cybersecurity risks). |
| ● | Customer Welfare: Companies that responsibly address customer welfare concerns over issues including, but not limited to, health and nutrition of foods and beverages, antibiotic use in animal production, and management of controlled substances. |
| ● | Data Security: Companies that responsibly address management of risks related to collection, retention, and use of sensitive, confidential, and/or proprietary customer or user data, as well as strategic policies for incidents such as data breaches. |
| ● | Employee Wellbeing: Companies that responsibly address their ability to create and maintain a safe and healthy workplace environment that is free of injuries, fatalities, and illness (both chronic and acute) through the implementation of safety management plans, training requirements, regular audits of internal practices, and systematized monitoring and testing. Category data provided by FactSet. |
| ● | Energy Management: Companies that conscientiously manage the environmental impacts linked to their energy consumption used in their business operations. |
| ● | Environmental Risk Mitigation: Companies that display the ability to manage risks and opportunities associated with direct exposure of their owned or controlled assets and operations as they pertain to the potential or actual physical impacts of environmental factors, including factors such as the increased frequency and severity of extreme weather, shifting climate, sea level change, and other expected physical impacts. |
| ● | Ethical Labor Practices: Companies that responsibly ensure adherence to widely accepted labor standards within the workplace. This encompasses compliance with labor laws and internationally recognized norms and standards, including fundamental human rights and the prohibition of child, forced, or bonded labor, as well as exploitative labor practices. |
| ● | Ethical Sales Practices: Companies that responsibly handle social issues arising from inadequately managing the transparency, accuracy, and comprehensibility of marketing statements, advertising, and product/service labeling. |
| ● | Ethical Supply Chain Management: Companies that responsibly address the management of risks within their supply chain and handle issues associated with environmental and social externalities created by suppliers through their operational activities. Such issues include, but are not limited to, environmental responsibility, human rights, labor practices, ethics, and corruption. |
| ● | Fair Competition: Companies that conscientiously manage issues associated with the existence of monopolies, which may include, but are not limited to, excessive prices, poor quality of service, and inefficiencies. |
| ● | GHG Emissions: Companies that responsibly address direct (Scope 1) greenhouse gas (GHG) emissions they may generate through their operations, which includes GHG emissions from stationary (e.g., factories, power plants) or mobile sources (e.g., trucks, delivery vehicles, planes). The seven GHGs covered under the Kyoto Protocol are included within the category: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), and nitrogen trifluoride (NF3). |
| ● | Hiring Ethics: Companies that responsibly address their ability to ensure culture, hiring, and promotion practices do not discriminate based on race, gender, ethnicity, religion, and other factors. |
| ● | Human Rights: Companies that responsibly manage the relationship between their business and the communities in which they operate, including, but not limited to, management of direct and indirect impacts on core human rights, the treatment of indigenous peoples, and the impact of local businesses. |
| ● | Low Ecological Impact: Companies that demonstrate conscientious knowledge and management of their impact on ecosystems and biodiversity through activities including, but not limited to, land use for exploration, natural resource extraction, and cultivation, as well as project development, construction, and siting. |
| ● | Materials Efficiency: Companies that responsibly address issues related to the resilience of materials supply chains to impacts of climate change and other external environmental and social factors, including, but not limited to, product design, manufacturing, end-of-life management, reduction of key material usage, maximizing planning efficiency, and R&D material diversity. |
| ● | Product Safety: Companies that responsibly address issues involving unintended characteristics of products sold or services provided that may create health or safety risks to end-users, meet customer expectations, manage liability concerns, product testing, and intentionally acknowledge recalls or market withdraws. |
| ● | Product Sustainability: Companies that conscientiously acknowledge the characteristics of products and services provided or sold and address customer and societal demand for more sustainable products and services as well as meet evolving environmental and social regulations. |
| ● | Regulatory Adherence: Companies that responsibly engage with regulators in cases where conflicting corporate and public interests may have the potential for long-term adverse direct or indirect environmental and social impacts and display their level of reliance on regulatory policy or monetary incentives while acknowledging the necessity of regulatory compliance within a competitive business environment. |
| ● | Systemic Risk Management: Companies that responsibly manage systemic risks resulting from large-scale weakening or collapse of systems upon which the economy and society depend, such as financial systems, natural resource systems, and technological systems. |
| ● | Waste & Hazmat Management: Companies that responsibly address environmental issues associated with the hazardous and non-hazardous waste they generate and the treatment, handling, storage, disposal, and regulatory compliance. |
| ● | Water Conservation: Companies that conscientiously manage their water use, water consumption, wastewater generation, water recycling, water treatment, and any other operations pertaining to water resources, which may be influenced by regional differences in the availability and quality of and competition for water resources. Category data provided by FactSet. |
The Adviser relies exclusively on software that analyzes publicly available data relating to the primary business activities, products and services, philanthropy, legal activities, policies and practices when assigning Inspire Impact Scores™® to a company. A security with a score of zero—indicating that the issuer has no violations to merit a negative score, but there is insufficient data to assess a positive score. The Adviser invests Fund assets only in securities with an Inspire Impact Score™ of zero or higher and the Adviser will cause a portfolio security to be sold when the Adviser deems appropriate if a portfolio security’s Impact Score™ falls below a specified level.
GLRY - Performance
Return Ranking - Trailing
| Period | GLRY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -48.5% | 23.9% | 94.77% |
| 1 Yr | 25.7% | -76.0% | 772.5% | 86.86% |
| 3 Yr | 2.6%* | -53.1% | 50.0% | N/A |
| 5 Yr | N/A* | -42.4% | 16.0% | N/A |
| 10 Yr | N/A* | -22.8% | 15.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GLRY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.2% | -83.6% | 547.9% | 1.66% |
| 2022 | -23.3% | -69.3% | 196.9% | N/A |
| 2021 | 11.3% | -28.2% | 63.9% | N/A |
| 2020 | N/A | -29.8% | 9.3% | N/A |
| 2019 | N/A | -14.5% | 29.5% | N/A |
Total Return Ranking - Trailing
| Period | GLRY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -48.5% | 23.9% | 96.41% |
| 1 Yr | 25.7% | -76.0% | 772.5% | 86.70% |
| 3 Yr | 2.6%* | -53.1% | 50.0% | N/A |
| 5 Yr | N/A* | -42.4% | 16.0% | N/A |
| 10 Yr | N/A* | -19.7% | 15.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GLRY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.6% | -83.6% | 547.9% | 1.66% |
| 2022 | -22.5% | -69.3% | 196.9% | N/A |
| 2021 | 16.0% | -28.2% | 63.9% | N/A |
| 2020 | N/A | -29.8% | 9.3% | N/A |
| 2019 | N/A | -14.5% | 40.9% | N/A |
GLRY - Holdings
Concentration Analysis
| GLRY | Category Low | Category High | GLRY % Rank | |
|---|---|---|---|---|
| Net Assets | 57.3 M | 183 K | 28 B | 93.02% |
| Number of Holdings | 35 | 6 | 1336 | 94.32% |
| Net Assets in Top 10 | 20.2 M | 59 K | 2.7 B | 91.23% |
| Weighting of Top 10 | 33.55% | 4.7% | 100.0% | 20.00% |
Top 10 Holdings
- KINSALE CAPITAL 4.18%
- EMCOR GROUP INC 3.94%
- BWX TECHNOLOGIES 3.58%
- VONTIER CORP 3.39%
- MURPHY USA INC 3.20%
- ARCBEST CORP 3.15%
- APTARGROUP INC 3.04%
- ENCORE WIRE 3.03%
- CASEY'S GENERAL 3.02%
- ENCOMPASS HEALTH 3.00%
Asset Allocation
| Weighting | Return Low | Return High | GLRY % Rank | |
|---|---|---|---|---|
| Stocks | 99.04% | 77.52% | 101.30% | 22.40% |
| Cash | 0.96% | -1.30% | 22.49% | 75.81% |
| Preferred Stocks | 0.00% | 0.00% | 3.43% | 8.12% |
| Other | 0.00% | -1.57% | 7.18% | 25.16% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 4.87% |
| Bonds | 0.00% | 0.00% | 3.19% | 4.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GLRY % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 5.57% | 34.58% |
| Technology | 0.00% | 0.00% | 75.51% | 67.37% |
| Real Estate | 0.00% | 0.00% | 15.31% | 9.74% |
| Industrials | 0.00% | 0.00% | 36.64% | 91.23% |
| Healthcare | 0.00% | 0.00% | 47.90% | 92.53% |
| Financial Services | 0.00% | 0.00% | 100.00% | 2.60% |
| Energy | 0.00% | 0.00% | 55.49% | 4.71% |
| Communication Services | 0.00% | 0.00% | 15.31% | 85.06% |
| Consumer Defense | 0.00% | 0.00% | 13.56% | 78.25% |
| Consumer Cyclical | 0.00% | 0.00% | 40.68% | 88.15% |
| Basic Materials | 0.00% | 0.00% | 10.30% | 1.14% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GLRY % Rank | |
|---|---|---|---|---|
| US | 99.04% | 67.06% | 99.56% | 23.05% |
| Non US | 0.00% | 0.00% | 26.08% | 64.61% |
GLRY - Expenses
Operational Fees
| GLRY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | 4.18% | 87.60% |
| Management Fee | 0.65% | 0.05% | 4.05% | 17.89% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| GLRY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GLRY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GLRY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 3.00% | 439.00% | N/A |
GLRY - Distributions
Dividend Yield Analysis
| GLRY | Category Low | Category High | GLRY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.37% | 0.00% | 1.88% | 2.11% |
Dividend Distribution Analysis
| GLRY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
| GLRY | Category Low | Category High | GLRY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -4.08% | 1.10% | 5.28% |
Capital Gain Distribution Analysis
| GLRY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 27, 2024 | $0.028 | OrdinaryDividend |
| Dec 14, 2023 | $0.096 | OrdinaryDividend |
| Sep 22, 2023 | $0.043 | OrdinaryDividend |
| Jun 23, 2023 | $0.080 | OrdinaryDividend |
| Mar 27, 2023 | $0.065 | OrdinaryDividend |
| Dec 14, 2022 | $0.054 | OrdinaryDividend |
| Sep 23, 2022 | $0.075 | OrdinaryDividend |
| Jun 24, 2022 | $0.070 | OrdinaryDividend |
| Mar 25, 2022 | $0.034 | OrdinaryDividend |
| Dec 14, 2021 | $0.061 | OrdinaryDividend |
| Dec 14, 2021 | $1.075 | CapitalGainShortTerm |
| Sep 24, 2021 | $0.039 | OrdinaryDividend |
GLRY - Fund Manager Analysis
Managers
Robert Netzly
Start Date
Tenure
Tenure Rank
Dec 07, 2020
1.48
1.5%
Robert Netzly is the Founder and CEO of Inspire and is a nationally recognized expert in Biblically Responsible Investing (BRI) and leader in the BRI movement.
Darrell Jayroe
Start Date
Tenure
Tenure Rank
Dec 07, 2020
1.48
1.5%
Darrell Jayroe, CFA, CFP®, CKA®, has been a Portfolio Manager with Inspire since 2016. Mr. Jayroe has exetnsive experience managing portfolios and directing asset allocation models, having previously held the position of Sr. Portfolio Manager at Bank of Oklahoma from 2004 to 2016, and prior to that, holding management positions at Southwest Securities (2003 to 2004) and at UBS Paine Weber (1994 to 2003).
Matthew Melott
Start Date
Tenure
Tenure Rank
Apr 19, 2021
1.12
1.1%
Matthew Melott has been a Portfolio Manager with the Sub-Adviser since 2021. Mr. Melott was previously at Valicenti Advisory Services as Associate Portfolio Manager from 2019 to 2021, Analyst from 2017 to 2019, and Leader of the Trading Team from 2016 to 2017.Previous to his experience with Valicenti Advisory Services, Mr. Melott was a Credit Analyst with AgChoice Farm Credit in 2015.
Tim Schwarzenberger
Start Date
Tenure
Tenure Rank
Mar 30, 2022
0.17
0.2%
Tim Schwarzenberger, CFA® has been Portfolio Manager with the Adviser since September 2021. Mr. Schwarzenberger previously held the positions of Managing Director (2018 to 2021), Sr. Director – Client Services (2014 to 2018), and Investment Advisor (2005 to 2014) at Christian Brothers Investment Services (CBIS), Prior to that, he was an investment analyst with Willis Towers Watson (2004 to 2005).
Isaac Beckel
Start Date
Tenure
Tenure Rank
Mar 30, 2022
0.17
0.2%
Isaac Beckel, CFA®, CAIA has been Portfolio Manager with the Adviser since September 2021. Mr. Beckel previously served as the Director of Credit at Public Employees Retirement Association of New Mexico (2019 to 2021). Prior to that, he was a Sr. Investment Analyst at IU Health (2018 to 2019), and Associate Portfolio Manager at Parametric Portfolio Associates (2015 to 2018).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 8.95 | 5.25 |