Inspire Momentum ETF

Inspire Momentum ETF (GLRY) is an actively managed fund holding about 33 U.S. stocks. It must keep at least 80% of its assets in midsize companies and picks stocks for strong price momentum. Before picking, it applies a faith-based screen that removes companies the adviser sees as out of line with biblical values. That screen sets it apart from most momentum funds. So does its cost: 0.80% a year, about double the 0.40% average of similar funds.

• Over the year to Oct 27, 2026, GLRY returned -3.6%, 7th of 7 among similar funds.
• Its 5-year annualized return was +5.2%.
• Its worst full calendar year was 2022 (-22.6%); its best was 2023 (+19.6%).
• The deepest fall in its price history was 34.6% (Feb 24, 2021 to Sep 26, 2022), recovered by May 15, 2024.

As of May 31, 2026, the fund held 33 securities; the ten largest made up 47.91% of assets.

• Over the three months to May 31, 2026, investors added a net $6.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -5.69%, +11.27%, +0.41%.

GLRY does not track an index. Its adviser, Inspire Investing, LLC, first builds a list of allowed stocks using its own Inspire Impact Score™. The score rates each company on how well it fits biblical values and on the good it does in the world. Companies with a negative score are left out, so the fund owns only stocks scoring zero or higher. Excluded categories include makers of abortion-inducing drugs, companies that support abortion access, alcohol producers, cannabis growers and sellers, embryonic stem cell research, and labor or sexual exploitation. The adviser admits it cannot see everything a company does, and that other investors may draw the lines differently.

From that list, the fund uses a technical analysis system from an outside research firm to pick stocks with momentum. Momentum means a stock has done better than its peers lately and its price has been rising. The adviser also looks at financial health, earnings trends, valuation, risk and relative strength. At least 80% goes into midcap stocks, which the fund defines as the second-largest 10% of the U.S. market. Holdings can lean heavily toward a few sectors.

The prospectus does not set a weighting formula. As of May 31, 2026, the fund held 33 stocks, and the top ten made up 47.9% of assets. The largest were KLA (5.9%), Monolithic Power Systems (5.6%) and Broadcom (5.6%). Portfolio turnover was 26%. The fund held no derivatives and almost no cash.

• GLRY charges 0.8% a year, versus an average of 0.4% for the similar funds below (6th of 7, cheapest first).
• Of that, 0.65% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.07% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $82 in the first year and $1,066 over 10 years (assuming a 5% annual return).

It is a concentrated, actively managed momentum fund with a values screen, above-average costs and steeper swings than the market (a one-year beta of 1.24), so it fits best as a small slice beside a broader core.

GLRY could add a values-screened, momentum-driven slice of U.S. stocks next to a broad core fund. It launched in December 2020, so it has no record from 2008 or the 2020 crash. In the 2022 bear market it fell 31.3% between January 3 and September 26, 2022. It got back to its old high on March 7, 2024, about 17 months after the low. Its deepest drop was 34.6%, from February 2021 to September 2022. Its worst calendar year was 2022, at −22.56%. Anyone forced to sell shares in a year like that would lock in losses. Income is small: the yield was 0.18% as of October 27, 2026, paid quarterly. In the SEC's standard example, $10,000 would cost $1,066 over 10 years. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).