ISMD: Not Buying Into This Faith-Based Small/Mid-Cap ETF

  • ISMD offers equal-weighted, biblically responsible exposure to 500 U.S. small/mid-cap stocks. Its proprietary strategy first screens for violations and then for 'excellence' features like ethics and fair competition. The ETF's 0.57% expense ratio is a key drawback. I suggest donating 'excess' returns locally to causes you know you support rather than paying the fund manager. Or, faith-based investors can consider two other competitors in this space: TPSC and OASC. This article highlights the fundamental differences between them and two other broad-based ETFs.