Inspire Small/Mid Cap ETF (ISMD US) – Portfolio Construction Methodology

The underlying Inspire Small/Mid Cap Impact Equal Weight Index delivers US small- and mid-cap exposure using a rules-based, faith-aligned screen and explicit size bands. Eligible companies are US-domiciled, listed on major exchanges, and within market-cap ranges of USD 850m–3.49bn (small) and USD 3.5bn–12.99bn (mid); firms must have Inspire Impact Scores ≥ 0 and are excluded for activities including military weapons manufacturing, IVF services, or contraceptive production. From the eligible set, the top 250 small caps and top 250 mid caps by Inspire Impact Score are selected and equally weighted (500 total). The index fully reconstitutes annually in September and reweights quarterly, adding or removing names as needed to maintain 500 constituents while preserving the 50/50 small/mid split.

To explore ISMD in more depth, visit our ETF analytics platform for institutional-grade insights — including performance and risk metrics, correlations, sensitivities, and factor exposure: https://www.etfstrategy.com/etf/ISMD_US