What is the Inspire Growth ETF?

It is an actively managed ETF that invests primarily in U.S. mid-cap growth stocks. By combining the Inspire Impact Score with technical analysis, it selects companies with solid financial health, favorable earnings trends, and strong relative strength, while excluding certain industries that do not align with its values criteria.

It is well-suited for investors who want exposure to the upside potential of mid-cap growth stocks while maintaining a values-based screening approach.

The ETF is actively managed by Inspire Investing.

The fund invests the majority of its net assets in U.S. mid-cap stocks. It first screens candidates using the Inspire Impact Score to identify those aligned with its values criteria, then evaluates financial health, earnings trends, valuation, and relative strength. Because the fund is actively managed, it does not track any specific index, and holdings are adjusted at the portfolio managers' discretion.

• Values-based security screening aligned with biblical principles
• Active selection combining the Impact Score with technical analysis

Assets under management (AUM) stand at $167.5M, and the total expense ratio is 0.80% per year.

Given its active management style, the expense ratio is somewhat higher than that of passive ETFs in the same category, and the relatively concentrated number of holdings results in larger individual position weights.

Performance of mid-cap growth stocks tends to be highly volatile depending on the economic cycle and interest-rate environment, and active selection results can cause the fund's trajectory to diverge from the same-category average. Short-term returns fluctuate with prevailing market conditions.

As a thematic product aimed at investors with values-based demand, fund flows tend to show more variability based on market conditions and theme preferences compared with broad core ETFs.

Values-based screening and active growth-stock selection are its differentiators, while a relatively high expense ratio and concentrated holdings can work as drawbacks.

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Within the same growth-stock category, comparable active growth ETFs visible in the table include JGRO, FBCG, and TCHP, which focus on large-cap blue-chip growth stocks and differ in fees and management style. For broad exposure to mid-cap growth stocks, consider the passive mid-cap growth ETF IWP, while for a values-aligned investment approach, the large-cap Inspire family ETF BLES is also worth reviewing.

Here are the key points to review before investing in GLRY. Because this is an actively managed ETF, it is advisable to confirm the expense ratio, holdings concentration, alignment with values-based screening, and the management style in advance. Looking at currency effects as well can support better decision-making.

The somewhat higher expense ratio and concentrated holdings are the main drivers of short-term volatility. Given the nature of mid-cap growth stocks, drawdowns during market corrections may be larger than those of broad large-cap core ETFs.

It is a suitable choice for investors who want both values alignment and mid-cap growth exposure. If the cost and concentration are concerns, a broad mid-cap growth ETF may be preferable, while GLRY remains an option for those who prioritize values-aligned investing.