Financial News
Can a Biblical ETF Stand Up to the S&P 500?
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.
"It's like a modern-day David & Goliath scenario," commented Robert Netzly, CEO of Inspire. "Can an ETF screened for biblical values hold its ground with the giant S&P 500 and it's cadre of Wall Street darling meg-cap tech companies? God gave us a conviction that good values and good returns are not mutually exclusive, and BIBL's performance these past four years have brought us even more assurance of that belief."
Over the four-year period since inception on October 30th, 2017, the Inspire 100 ETF (NYSE:BIBL) delivered annualized returns of 17.71% on market price and 17.70% on the NAV (net asset value), compared to the S&P 500 return of 17.79% over the same time period. The complete standardized returns table comparing multiple time-frames since inception is below, for both the four year anniversary and as of the most recent quarter end.
PERFORMANCE AS OF MOST RECENT QUARTER END (10/31/21) | ||||||
(Returns greater than 1 year are annualized. Data from Bloomberg and ETF Logic.) | 4 YEAR ANNIVERSARY | 3M | 6 M | 1 YR | YTD | SINCE INCEPTION |
Inspire 100 ETF - NAV1 | 17.70% | 4.26% | 11.50% | 41.33% | 24.45% | 17.70% |
Inspire 100 ETF - Market Price2 | 17.71% | 4.26% | 11.54% | 41.42% | 24.74% | 17.71% |
S&P 500 TR Index | 17.79% | 5.13% | 10.91% | 42.91% | 24.04% | 17.79% |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please visit www.inspireetf.com.
1Inspire Funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
2Market Price returns are based upon the official closing price on the listing exchange (NYSE ARCA) at 4:00 p.m. ET when NAV is normally determined for most Inspire Funds, and do not represent the returns you would receive if you traded shares at other times.
About Inspire 100 ETF (NYSE:BIBL)
The Inspire 100 ETF (NYSE:BIBL) invests in one-hundred of the most biblically-aligned, large cap companies in the United States, as measured by the Inspire Impact Score methodology, Inspire's globally recognized faith-based ESG (environmental, social and governance)3 scoring system. The Inspire Impact Score methodology excludes companies involved with problem areas such as abortion and human trafficking, while awarding positive points to companies exhibiting "best in class" performance in areas such as social impact, labor practices, political action and environmental stewardship.
BIBL offers a net expense of 0.35%, which is contractually reduced by Inspire from the gross expense of 0.48% to keep fees lower for investors at a minimum through March 31, 2022, at which point the fee waiver can be renewed. BIBL seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire 100 Index.
To learn more about the Inspire 100 ETF (NYSE:BIBL), including performance and prospectus, please visit www.inspireETF.com.
About Inspire Investing
Inspire Investing is a leading provider of biblically responsible, faith-based ESG investments and creator of the globally recognized Inspire Impact Score™ which is used by investors around the world to measure the biblical alignment of their investments according to Biblically Responsible Investing (BRI) principles.
Inspire ranked #3 in the "Top 50 fastest growing RIA firms" by FA Magazine two years in a row (2020 & 2021 report) and was recognized in The Financial Times "Americas' Fastest Growing Companies 2021". Inspire's Discretionary Assets Under Management (AUM) has grown another 41% so far this year, bringing total assets to $1.8 billion as of October 31, 2021.
Inspire also donates 50% or more of their own net corporate profits to support impactful ministry projects around the globe through its Give50 Program. Most recently Inspire completed a 3-year village transformation effort in the coffee farming mountains of Guatemala to transform the lives of the those living in that impoverished community. Thanks to investors, advisors and institutions using Inspire products, the village now has a church building, a clean water well, improved education facilities and a fully functional medical clinic. To learn more about the Give50 program, please visit www.inspireinvesting.com/impact.
Visit www.inspireinvesting.com/to learn more about Inspire's biblically responsible investment products and inspiring impact projects.
Media contact:
Daniel Mastrolonardo
(208) 994-0495
inspire@inspireinvesting.com
Investment advisory services offered through Inspire Investing, LLC, a Registered Investment Advisor with the SEC.
3Environmental criteria considers how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company's leadership, executive pay, audits, internal controls, and shareholder rights.
Important Risk Information: Inspire, the adviser, provides the index for the Inspire Funds to track. The indexes use software that analyzes publicly available data relating to the primary business activities, products and services, philanthropy, legal activities, policies and practices when assigning Inspire Impact Scores to a company. The securities with the highest Inspire Impact Scores are included in the Indexes and are equally weighted. As the Fund may not fully replicate the Index, it is subject to the risk that investment management strategy may not produce the intended results.
Securities in the Index or in the Fund's portfolio may underperform in comparison to the general securities markets or other asset classes. The Fund may focus its investments in securities of a particular industry to the extent the Index does. This may cause the Fund's net asset value to fluctuate more than that of a fund that does not focus in a particular industry. Fluctuations in the value of equity securities held by the Fund will cause the net asset value ("NAV") of the Fund to fluctuate.
The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology. Tracking error may occur because of imperfect correlation between the Fund's holdings of portfolio securities and those in the Index. The Fund's use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.
There is no guarantee that the Funds will achieve their objective, generate positive returns, or avoid losses. Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, visit www.inspireinvesting.com. Read it carefully. The Inspire ETFs are distributed by Foreside Financial Services LLC., Member FINRA.
Inspire and Foreside Financial Services LLC are not affiliated.
SOURCE: Inspire Investing
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