The combination of a middling Process Pillar rating and a Low People Pillar rating limit  Inspire Global Hope ETF to a Morningstar Medalist Rating of Negative.  The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.  

 The team managing the passive strategy earns a Low People Pillar. The strategy merits an Average Process Pillar rating.  High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And a low quality exposure is rooted in stocks with higher financial leverage and lower profitability. The strategy's parent organization doesn't stand out, earning the firm an Average Parent Pillar rating. It has displayed a handful of investor-friendly attributes including a competitive lineup success ratio and overall low fees.

Analyst Rating

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Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category index on a risk-adjusted basis over the long term. Inspire Global Hope ETF earns an Average Process Pillar rating. The main contributor to the rating is that this fund tracks an index. Historical data, such as Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The process is limited by the parent firm's five-year risk-adjusted success ratio of 25%. 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 subpar 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 to the performance of the Inspire Global Hope Large Cap Equal Weight Index.  The fund invests at least 80% of its total assets in the component securities of the index. The index provider selects foreign (including emerging markets) and domestic equity securities from a global universe of publicly traded equity securities of companies with a market capitalization of $5 billion or greater and which have an Inspire Impact Score® of zero or higher. 

 The portfolio is overweight in real estate and basic materials relative to the category average by 4.5 and 4.2 percentage points, respectively. The sectors with low exposure compared to category peers are technology and consumer cyclical, underweight the average by 6.0 and 3.7 percentage points of assets, respectively. The portfolio is positioned across 413 holdings and its assets are more dispersed than peers in the category. In particular, 3.7% of the strategy's assets are concentrated in the top 10 fund holdings, as opposed to the typical peer's 25.2%. And finally, in terms of portfolio turnover, on a year-over-year basis, 41% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.

Average

Process

Inspire’s team earns a Low People Pillar rating. The number one detractor from the rating is the instability 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 holds the team back. The parent firm's five-year success ratio of 25% further limits the team. 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 relatively low 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.

Parent

Inspire Global Hope ETF

BLES follows an equal-weighted index of 400 large-cap stocks selected for their alignment with the Issuer's biblical values.

Inspire Small/Mid Cap Impact ETF

BOISE, Idaho , March 18, 2024 /PRNewswire/ -- Inspire Investing, the world's largest provider of faith-based ETFs, is celebrating the 7-year anniversary of their two founding exchange-traded funds (ETFs). The Inspire Global Hope ETF (NYSE: BLES) and the Inspire Small/Mid Cap ETF (NYSE: ISMD) began trading on February 27, 2017.

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Investors were net purchasers of money market funds while being net redeemers of equity funds, tax-exempt fixed income funds, and taxable bond funds for the week. For the week, the average equity fund (including ETFs) witnessed market declines of 1.01%, while its taxable fixed income counterpart declined 0.23%.

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Inspire Investing has announced fee reductions on seven of its biblically responsible, faith-based ESG ETFs BOISE, Idaho , May 2, 2022 /PRNewswire/ -- Inspire Investing, the world's largest provider of biblically responsible ESG ETFs, reported fee reductions on seven of its eight exchange traded funds. This reduction in fees is due mostly to the rapid growth that Inspire has achieved and covers a broad range of investment solutions, from global and U.S. equity to fixed income, momentum, and tactical strategies.

Inspire ETFs Reports Expense Ratio Reductions for 7 Funds

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Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF

FCF International Quality ETF

It was a busy week, especially for expense ratio changes.

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BOISE METRO, Idaho , March 29, 2022 /PRNewswire/ -- Inspire Investing, a leading biblically responsible ESG (environmental, social, governance)1 investing firm, celebrated the 5-year anniversary of their two-founding exchange-traded funds (ETFs) on Sunday, February 27, 2022; the Inspire Global Hope ETF (NYSE: BLES) and the Inspire Small/Mid Cap Impact ETF (NYSE: ISMD).  "Five years ago, there simply were no biblically responsible ETFs, and so we created BLES and ISMD out of sheer necessity," says Robert Netzly, CEO of Inspire Investing.

Inspire Investing's Founding Biblical ESG ETFs Celebrate 5 Years of Trading

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The post The 7 Best Funds to Buy for ESG Investing appeared first on InvestorPlace.

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News for Inspire Global Hope ETF ETF (BLES)