RISN Inspire Tactical Balanced ESG ETF

Why

RISN

Actively Managed

¹

RISN is actively managed seeking to provide long term growth with reduced risk relative to the market.

Balanced Portfolio

¹

RISN is designed to be a core holding and delivers a balanced portfolio of US large cap stocks and U.S. Treasury bonds, or other defensive assets.

Biblically Responsible Investing

¹

RISN uses the Inspire Impact Score methodology to seek out investments in the most inspiring, biblically aligned companies, applying a faith-based perspective in seeking out businesses that are a blessing to their customers, communities, workforce, and the world.

Fund Overview

As of 3/28/2025

Fund Details

Inception Date

July 15, 2020

Net Assets

$77,326,300.00

Net Expense Ratio

0.79%

Gross Expense Ratio

0.79%

30 - Day SEC Yield

As of 2/28/2025

0.80%

Expense Ratio

0.79%

Un-Subsidized SEC Yield

0.80%

12-Month Distribution Rate

1.27%

P/E

As of 12/31/2024

26.37

P/B

As of 12/31/2024

2.41

P/CF

As of 12/31/2024

13.65

EX-DATE	RECORD DATE	PAY DATE	SHORT-TERM CAPITAL GAINS	LONG-TERM CAPITAL GAINS	DIVIDEND INCOME	TOTAL DISTRIBUTION
3/27/2025	3/27/2025	4/01/2025	0	0	0.0377	0.0377
12/16/2024	12/16/2024	12/23/2024	0	0	0.1308	0.1308
9/25/2024	9/25/2024	10/02/2024	0	0	0.0992	0.0992
6/25/2024	6/25/2024	7/02/2024	0	0	0.0632	0.0632
3/27/2024	3/28/2024	4/02/2024	0	0	0.0754	0.0754
12/14/2023	12/15/2023	12/20/2023	0	0	0.1269	0.1269
9/22/2023	9/25/2023	10/02/2023	0	0	0.1055	0.1055
6/23/2023	6/26/2023	7/03/2023	0	0	0.1513	0.1513
3/27/2023	3/28/2023	4/03/2023	0	0	0.1267	0.1267
12/14/2022	12/15/2022	12/20/2022	0	0	0.2310	0.2310
9/23/2022	9/26/2022	10/03/2022	0	0	0.0625	0.0625
12/14/2021	12/15/2021	12/20/2021	2.5482	0.0536	0.0503	2.6521
9/24/2021	9/27/2021	10/04/2021	0	0	0.0476	0.0476
6/25/2021	6/28/2021	7/06/2021	0	0	0.0489	0.0489
3/26/2021	3/29/2021	4/05/2021	0	0	0.0344	0.0344
12/30/2020	12/31/2020	1/04/2021	0	0	0.0149	0.0149
12/14/2020	12/15/2020	12/21/2020	1.0535	0.0005	0.1069	1.1609
9/25/2020	9/28/2020	10/05/2020	0	0	0.0326	0.0326

Trading Details

Ticker

RISN

Primary Exchange

NYSE Arca

Cusip

66538H393

Shares Outstanding

3,000,000

Average Daily Volume

6,893

30 Day Average Spread

0.15%

Related Index Ticker

Fund Price

NAV

$25.78

Daily Change

-$0.32

Market Price

$25.77

Daily Change

-$0.30

Premium Discount

-$0.01

Historical Performance

The hypothetical growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

	3 M	6 M	YTD	1 YR	3 YR	QTD	SINCE LAUNCH 7/15/2020
NAV	-3.16%	-3.96%	-2.52%	-2.67%	2.24%	-2.52%	4.87%
Market Price	-3.03%	-3.99%	-2.47%	-2.61%	2.18%	-2.47%	4.86%

	3 M	6 M	YTD	1 YR	3 YR	QTD	SINCE LAUNCH 7/15/2020
NAV	-1.55%	3.86%	7.75%	7.75%	-0.76%	-1.55%	5.74%
Market Price	-1.64%	3.70%	7.61%	7.61%	-0.93%	-1.64%	5.72%

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call 877.658.9473.

‍Inspire Funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Market Price returns are based upon the official closing price on the listing exchange (NYSE ARCA) at 4:00 p.m. ET when NAV is normally determined for most Inspire Funds, and do not represent the returns you would receive if you traded shares at other times.

Top Holdings

as of 3/28/2025

Download All Holdings

NAME	TICKER	CUSIP	ISIN	NET ASSET%	MARKET PRICE($)	SHARES HELD	MARKET VALUE
SCHWAB SHORT-TERM US TREA	SCHO	808524862	US8085248628	29.28%	24.33	932,160.00	22,679,452.80
NVR INC	NVR	62944T105	US62944T1051	3.34%	7,181.68	360.00	2,585,404.80
O'REILLY AUTOMOT	ORLY	67103H107	US67103H1077	3.05%	1,408.55	1,680.00	2,366,364.00
EXPEDITORS INTL	EXPD	302130109	US3021301094	2.91%	119.73	18,840.00	2,255,713.20
KINSALE CAPITAL	KNSL	49714P108	US49714P1084	2.91%	482.14	4,680.00	2,256,415.20
PAYCOM SOFTWARE	PAYC	70432V102	US70432V1026	2.85%	218.75	10,080.00	2,205,000.00
CH ROBINSON	CHRW	12541W209	US12541W2098	2.85%	101.13	21,840.00	2,208,679.20
ENSIGN GROUP INC	ENSG	29358P101	US29358P1012	2.83%	128.74	17,040.00	2,193,729.60
SS&C TECHNOLOGIE	SSNC	78467J100	US78467J1007	2.82%	81.98	26,640.00	2,183,947.20
MANHATTAN ASSOC	MANH	562750109	US5627501092	2.82%	173.48	12,600.00	2,185,848.00
BRIGHT HORIZONS	BFAM	109194100	US1091941005	2.82%	126.60	17,280.00	2,187,648.00
PACCAR INC	PCAR	693718108	US6937181088	2.81%	96.91	22,440.00	2,174,660.40

Investments in foreign securities could subject the Fund to greater risks, including currency fluctuation, economic conditions, and different governmental and accounting standards.

The Fund is actively managed and does not seek to replicate an index. The adviser's judgments about the growth, value or potential appreciation of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund's performance and cause it to underperform relative to other funds with similar investment goals or relative to its benchmark, or not to achieve its investment goal.

Inspire, the adviser, provides the index for the Inspire Funds to track. The indexes use 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. The securities with the highest Inspire Impact Scores are included in the Indexes and are equally weighted. As the Fund may not fully replicate the Index, it is subject to the risk that investment management strategy may not produce the intended results. Past performance is no guarantee of future results.

Securities in the Index or in the Fund’s portfolio may underperform in comparison to the general securities markets or other asset classes. The Fund may focus its investments in securities of a particular industry to the extent the Index does. This may cause the Fund's net asset value to fluctuate more than that of a fund that does not focus in a particular industry. Fluctuations in the value of equity securities held by the Fund will cause the net asset value (“NAV”) of the Fund to fluctuate. The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology. Tracking error may occur because of imperfect correlation between the Fund’s holdings of portfolio securities and those in the Index. The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.

Investors cannot invest directly in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.

The Fund invests its assets in securities with an Inspire Impact Score® of zero or higher. As a result of its strategy, the Fund's exclusion of securities of certain issuers for nonfinancial reasons may cause the Fund to forgo some market opportunities available to funds that do not use these criteria. The value of investments in larger companies may not rise as much as smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer tastes.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market Price returns are based upon the official closing price on the listing exchange (NYSE ARCA) at 4:00 p.m. ET when NAV is normally determined for most Inspire Funds, and do not represent the returns you would receive if you traded shares at other times.‍

‍An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.

1

The Inspire Impact Score is an objective, rules-based scoring system which Inspire uses to identify what we believe to be some of the most inspiring, biblically aligned companies to invest in — the kind of companies that are blessings to their communities, customers, workforce and the world. The Inspire Impact Score rates a company on a scale of -100 to +100 in relation to how well the company aligns with biblical values, with +100 being the highest possible score.

How the Inspire Impact Score is calculated — Step 1: Every company starts with zero points. Step 2: Exclusionary screens are applied to companies which operate at odds with biblical values. Negative points are assigned to the impact score if any violations are found. These companies are always excluded from investment. Step 3: Companies with no negative violations are then positively scored based on how they operate as blessings to their customers, communities, workforce and the world through the five Sustainability Accounting Standards Board (SASB) categories: environment, social capital, human capital, business model & innovation, and leadership & governance (you can learn more about the SASB categories at materiality.sasb.org). Positive points are assigned based on the extent to which the company has above average scores in those positive categories. Result: Companies are scored on a scale between -100 and +100, with scores above zero representing better alignment with biblical values. Inspire only invests in companies with scores of zero or higher, and particularly selects those companies with scores closest to 100 for inclusion in portfolios.

Important Risk Information

The Fund is actively managed and does not seek to replicate an index. The adviser's judgments about the growth, value or potential appreciation of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund's performance and cause it to underperform relative to other funds with similar investment goals or relative to its benchmark, or not to achieve its investment goal.

The Fund invests its assets in securities with an Inspire Impact Score® of zero or higher. As a result of its strategy, the Fund's exclusion of securities of certain issuers for nonfinancial reasons may cause the Fund to forgo some market opportunities available to funds that do not use these criteria. The value of investments in larger companies may not rise as much as smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer tastes.

ETF shares are not redeemable with the issuing fund other than in large Creation Unit aggregations. Instead, investors must buy or sell ETF Shares in the secondary market with the assistance of a stockbroker. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. The NAV of the Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange (“NYSE”), normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). Shares are bought and sold at market price (closing price) not NAV. Market Price returns are based upon the official closing price on the listing exchange (NYSE ARCA) at 4:00 p.m. ET when NAV is normally determined for most Inspire Funds, and do not represent the returns you would receive if you traded shares at other times.‍

‍An active secondary market for the Fund’s shares may not exist. Although the Fund’s shares will be listed on an exchange, subject to notice of issuance, it is possible that an active trading market may not develop or be maintained. There is no guarantee that distributions will be paid.