Weakness in Inspire 100 ETF's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.  

 The team managing the passive strategy earns a Low People Pillar. The strategy gets a Low Process Pillar rating.  High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And high volatility exposure is rooted in stocks that have a higher standard deviation of returns. The strategy's parent organization is industry standard, albeit with some strong attributes like a favorable lineup success ratio and overall low fees. This earns the firm an Average Parent Pillar rating.

Analyst Rating

Caterpillar

Intuitive Surgical

Progressive

Prologis

KLA-Tencor

Synopsys

Arista Networks

Schlumberger

Parker-Hannifin

Freeport-McMoRan

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. Inspire 100 ETF earns a Low Process Pillar rating. The largest detractor from the rating is the fund's mediocre long-term risk-adjusted performance. This can be seen in its five-year alpha calculated relative to the category index, which suggests that the process has struggled over that period. The parent firm's five-year retention rate of 70% also detracts from the process. The parent firm's five-year risk-adjusted success ratio of 25% further limits the process. The measure indicates the percentage of a firm's funds that survived and outperformed their respective category's median Morningstar Risk-Adjusted Return for the period. The parent's modest success ratio suggests that the firm could do better across its fund lineup.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire 100 Index.  The fund generally invests at least 80% of its total assets in the component securities of the Inspire 100 Index. The index provider selects domestic large capitalization equity securities using the index provider's Inspire Impact Score®, a proprietary selection methodology that is designed to assign a score to a particular security based on the security's alignment with biblical values and the positive impact that company has on its customers, communities, and workplace and the world. 

 The portfolio is overweight in real estate and industrials relative to the category average by 9.2 and 9.0 percentage points, respectively. The sectors with low exposure compared to category peers are consumer cyclical and communication services, underweight the average by 8.4 and 8.1 percentage points of assets, respectively. The portfolio is composed of 103 holdings and is diversified among those holdings. In its most recent portfolio, 31.5% of the fund’s assets were concentrated in the top 10 fund holdings, as opposed to the category’s 48.8% average. And in closing, in terms of portfolio turnover, looking at year-over-year movements, 33% of the fund's holdings have changed, whether through increasing, decreasing, or changing a position.

Process

Inspire’s team receives a Low People Pillar rating. The primary detractor from the rating is the turnover of talent across its parent firm. The firm's asset-weighted manager tenure of six years suggests it could do more to retain portfolio managers. Management team experience, which averages six years at this fund, also detracts from the team. The parent firm's five-year success ratio of 25% further holds the rating back. The measure indicates the percentage of a firm's funds that survived and outperformed their respective category's median return for the period. The parent's modest success ratio suggests that the firm could do better across its fund lineup.

People

In a competitive industry, Inspire doesn't differentiate itself enough, leading to an Average Parent Pillar rating. The firm's lasting product shelf is its strength. Its three-year risk-adjusted success ratio of 71% means that 71% of its strategies have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. The firm stands out from a cost perspective for its open-end and exchange-traded funds, demonstrating a firm-wide commitment to minimizing costs and maximizing investors' returns. On average, the firm's fees on its funds are in the second cheapest quintile of its category. With an average tenure of six years among the longest-tenured managers at Inspire, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions.

Average

Parent

Inspire 100 ETF

BIBL tracks a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values.

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BOISE, Idaho , Nov. 14, 2023 /PRNewswire/ -- The biblically responsible Inspire 100 ETF (NYSE: BIBL) celebrated six years of giving faith-based investors a biblically responsible option in the U.S. large-cap space without exposure to mega-cap technology giants like Meta, Apple, Amazon, Netflix, or Google. Though figured into many large-cap funds, these companies are not held in any of Inspire's ETFs due to their negative score using the Inspire Impact Score methodology.

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Biblically responsible Inspire 100 ETF (NYSE:BIBL) marks four years since inception with performance in line with S&P 500 index, despite the biblical ETF not owning any of the FAANG stocks, adding credibility to the belief that good values and good returns are not mutually exclusive BOISE, ID / ACCESSWIRE / November 12, 2021 / The Inspire 100 ETF (NYSE:BIBL) from biblically responsible ESG investing firm, Inspire Investing, celebrated four years of trading on October 30th, 2021. The biblically aligned fund delivered since inception performance numbers closely in line with the benchmark S&P 500 on its four year anniversary despite having no exposure to the high-flying "FAANG stocks," referring to the mega-cap technology giants Facebook (now called Meta), Apple, Amazon, Netflix and Google.

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News for Inspire 100 ETF ETF (BIBL)