The US Mid Cap Sleeve underperformed the S&P MidCap 400 in June by about 1% but is ahead by over 1% for the quarter. The main contributors in the quarter were the portfolio’s stock selection within the energy, materials, and consumer discretionary sectors. Contributors within energy included HF Sinclair (+14.3%) and EQT Corp (+0.3%). Within materials, the main contributor was Ashland Global Holdings (+5.0%), and within consumer discretionary, the main contributor was Installed Building Products (-1.2%). Stock selection and an overweight position in consumer staples (which outperformed the overall index) also benefitted results.
Darrell Jayroe, CFA, CFP, CKA, serves as Inspire’s Senior Portfolio Manager responsible for leading the firm’s Investment Committee, as well as serving as Lead Portfolio Manager for Inspire’s ETFs and SMA strategies. Darrell has been with the firm since 2016.
Prior to joining Inspire, Darrell was a Vice President and Sr. Portfolio Manager for the Bank of Oklahoma trust department for 12 years where he was responsible for managing accounts for high net worth families, trusts, foundations and institutions. Darrell started his career as an investment advisor in 1994 with PaineWebber in Oklahoma City.
Darrell received a B.A. and Masters degree from Southern Nazarene University in Bethany, Oklahoma. He is a CFA (Chartered Financial Analyst) charter holder and is a CFP® (Certified Financial Planner®) licensee. He is a member of the CFA Institute and a member and Past President of the CFA Society of Oklahoma. He is also a member of Kingdom Advisors and holds the CKA® (Certified Kingdom Advisor®) designation.
Darrell and his wife, Beth, have been married since 1982 and have two daughters, a son in law and two grandchildren.
Tim Schwarzenberger, CFA is a Portfolio Manager with Inspire Investing and has over 17 years of experience. Tim previously served as the Managing Director at Christian Brothers Investment Services where he was responsible for implementing the firm’s overall investment philosophy through manager selection as well as strategy and product development.