Inspire Corporate Bond ETF
IBD
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- Inspire Corporate Bond Impact ESG ETF (IBD) is an exchange-traded fund that seeks to provide investment results corresponding to the price and yield performance, before fees and expenses, of the Inspire Corporate Bond Impact Index. The fund invests primarily in investment-grade corporate bonds issued by U.S. and non-U.S. companies that meet specific biblically responsible and positive impact screening criteria, including avoidance of activities such as abortion, pornography, tobacco, alcohol, gambling, and human rights violations; exclusion of companies with Sharia non-compliance; and prioritization of those with positive environmental, social, and governance (ESG) impacts like renewable energy, clean water access, and poverty alleviation. Its portfolio includes fixed-rate, floating-rate, and variable-rate debt securities across various maturities, with allocations to sectors such as industrials, utilities, financials, and healthcare; the fund employs a passive management strategy with full replication of the index, subject to legal restrictions and tax considerations. The ETF operates globally with exposure to issuers in North America, Europe, and select emerging markets, targeting institutional and retail investors seeking responsible fixed-income exposure. Headquartered in Newport Beach, California, the fund is managed by Inspire Investing, LLC, a subsidiary of Inspire ETFs, which was founded in 2017 and focuses on biblically responsible investing (BRI) across asset classes. Inspire ETFs distributes the fund through major U.S. exchanges like NYSE Arca. Recent developments include the fund's continued growth amid rising demand for ESG-aligned fixed income, with assets under management surpassing key thresholds in 2024 driven by inflows from faith-based and impact-focused investors; no major acquisitions, partnerships, or strategic shifts reported in the last 1-2 years, though Inspire Investing expanded its suite of BRI ETFs with enhanced index methodologies emphasizing measurable impact metrics in late 2024. The fund maintains a low expense ratio and high liquidity profile, positioning it competitively in the sustainable corporate bond segment.