(IBD) Northern Lights Fund Trust - Ratings and Ratios

The Inspire Corporate Bond Impact ETF (IBD) is an exchange-traded fund that focuses on investing in large-cap, investment-grade corporate bonds with a positive impact score. The funds investment strategy is centered around tracking an index that comprises domestic corporate bonds issued by companies that meet specific criteria, including a minimum Inspire Impact Score of zero.

The Inspire Impact Score is a proprietary metric that assesses a companys environmental, social, and governance (ESG) performance. By investing in bonds with a score of zero or higher, the fund aims to support companies that demonstrate a positive impact on society and the environment. This approach allows investors to align their fixed-income investments with their values while seeking returns.

From a technical analysis perspective, the funds price action suggests a stable trend, with the short-term and long-term moving averages converging. The 20-day SMA is at 23.61, while the 50-day SMA is at 23.60, indicating a relatively flat price trajectory. However, the 200-day SMA is at 23.35, suggesting a gradual upward trend over the longer term. The ATR of 0.25, equivalent to 1.05%, indicates moderate volatility. Given the current price of 23.70, we can expect the fund to continue its stable trend, potentially testing the 52-week high of 23.86 in the near term.

Combining the technical analysis with fundamental data, we can forecast that the Inspire Corporate Bond Impact ETF will likely maintain its current price level, potentially appreciating towards the 52-week high. The funds AUM of $388.25M suggests a reasonable level of liquidity, which can help to support the funds stability. As interest rates and credit markets evolve, the funds focus on investment-grade corporate bonds is likely to continue to attract investors seeking stable returns with a positive impact.

Looking ahead, if the overall corporate bond market continues to perform well, and the funds underlying holdings maintain their credit quality, we can expect the IBD ETF to remain a stable investment option. However, any significant changes in interest rates or credit spreads could impact the funds performance. As such, investors should continue to monitor the funds technical and fundamental trends to make informed investment decisions.