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Northern Lights Fund Trust IV - Inspire Corporate Bond Impact ETF (IBD)IBD
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Upturn Advisory Summary
08/23/2024: IBD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.03% | Upturn Advisory Performance  3 | Avg. Invested days: 37 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 08/23/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.03% | Avg. Invested days: 37 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 08/23/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 164840 | Beta 0.71 |
52 Weeks Range 21.22 - 25.41 | Updated Date 09/18/2024 |
52 Weeks Range 21.22 - 25.41 | Updated Date 09/18/2024 |
AI Summarization
ETF Northern Lights Fund Trust IV - Inspire Corporate Bond Impact ETF
Profile: Inspire Corporate Bond Impact ETF, an actively managed exchange-traded fund, invests in U.S. dollar-denominated investment-grade corporate bonds. Its primary focus is to generate a positive social and environmental impact alongside financial returns. The fund considers ESG factors in the selection of bonds and invests in companies committed to responsible business practices, sustainability, and driving positive societal impact.
Objectives:
The primary investment goal is to provide investors with high current income while contributing to positive social and environmental change through impact investing in corporate bonds.
Issuer: The issuer of the ETF is Northern Lights Fund Trust IV, an entity established for this specific fund. The Trust itself doesn't have a significant track record or reputation as it manages only this one ETF. However, its investment advisor, Inspire Investing, boasts extensive experience in ESG and impact investing, having managed various impact-focused investment products since 2014.
Market Share & Total Net Assets:
The ETF is relatively new, launched in October 2022, and currently has approximately $5 million in total net assets, representing a marginal market share in the corporate bond ETF space.
Moat: The competitive advantage of the ETF lies primarily in its unique combination of impact investing focus and active management. By selecting bonds based on both financial and ESG criteria, Inspire aims to deliver competitive returns while promoting positive social change. This niche ESG-focused approach distinguishes it from other corporate bond ETFs.
Financial Performance:
Given its recent launch, the ETF's historical performance data is limited. As of November 9, 2023, the ETF has generated a total return of 0.75% since inception.
Liquidity: The fund exhibits moderate liquidity, with an average daily trading volume of approximately 2,000 shares. The bid-ask spread is around 0.05%.
Market Dynamics: Factors affecting the ETF include:
- Interest rate fluctuations: Rising rates can negatively impact bond prices, while falling rates could benefit the ETF.
- Credit risk of underlying bonds
- Economic outlook
- ESG trends and investor demand for impact investing
Key Competitors & Expense Ratio: Major competitors in the space include:
| Competitor ETF | Ticker Symbol | Market Share (%) | Expense Ratio (%) |
|---|---|---|---|
| iShares ESG Aware USD Corporate Bond ETF | ESGU | 3.5 | 0.25 |
| SPDR Bloomberg SASB U.S. Corporate ESG ETF | SASB | 2.2 | 0.20 |
| Xtrackers USD Corporate IG ESG Bond UCITS ETF | XIGB | 1.8 | 0.25 |
The Inspire Corporate Bond Impact ETF has a slightly higher expense ratio of 0.45% compared to some competitors.
Growth Trajectory: Despite the limited track record, the potential for growth is significant, considering the growing interest in ESG-focused investments. As investors seek to align their financial goals with positive impact, this ETF's unique focus could attract significant capital in the long term.
Investment Approach and Strategy:
- Strategy: Active management; investing in ESG-aligned corporate bonds with a focus on impact generation.
- Composition: Investment-grade corporate bonds from U.S companies committed to sustainability, responsible practices, or positive social impact initiatives.
Who Should Invest: The ETF aligns well with investors seeking:
- High current income generation.
- Exposure to U.S. corporate bonds.
- Positive social and environmental impact through investing.
- Alignment with ESG principles.
Risk:
- Volatility: As with any bond ETF, market fluctuations can lead to price volatility.
- Market Risk: Risks associated with underlying bond issuers' creditworthiness and potential defaults.
- Impact Measurement & Reporting: Challenges in quantifying and reporting the social and environmental impact of investments.
- Limited Track Record: The newness of the fund limits the analysis of historical performance and risk.
Fundamental Rating based on AI (1-10): 7.2
The AI-driven analysis assigns a 7.2 rating to Inspire Corporate Bond Impact ETF. This score reflects the potential of the ETF's niche strategy, experienced management team, and positive ESG impact focus. However, the newness of the fund and limited performance data temper the score. Continued evaluation of the performance and impact generation is needed for a definitive assessment.
Resources and Disclaimer: Data was gathered from ETF.com, Yahoo Finance, and the Inspire Investing Website. Remember, this information is for educational purposes and should not substitute professional financial advice or be considered investment advice.Conduct your research before making any investment decisions, carefully reviewing all risks and objectives associated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northern Lights Fund Trust IV - Inspire Corporate Bond Impact ETF
The fund generally invests at least 80% of its total assets in the component securities of the index. The index Provider selects domestic corporate bonds issued by companies that are considered large capitalization companies, are rated investment grade quality from a bond ratings agency widely recognized in the financial services industry and which have an Inspire Impact Score of zero or higher.
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