Financial News
Biblical Inspire 100 ETF (NYSE:BIBL) Breaks $250 Million AUM as Performance Beats S&P 500 Benchmark
BOISE, ID / ACCESSWIRE / July 27, 2021 / The biblically responsible Inspire 100 ETF (NYSE:BIBL) surpassed the $250 million AUM mark on July 2, 2021 as performance continues to outpace the S&P 500 benchmark despite having no exposure to the high-flying "FAANG stocks," referring to the mega-cap technology giants frequently mentioned in the news. Year to date, BIBL's assets under management have already increased 55.2% (as of 7/2/2021).
Since its inception on October 30th, 2017 through June 30, 2021, the Inspire 100 ETF (NYSE:BIBL) delivered annualized returns of 17.44% on market price and 17.40% on the NAV (net asset value), compared to its benchmark S&P 500 return of 17.21% over the same time period. The complete standardized returns table as of the most recent quarter end is below.
"For a biblically screened US large cap fund to keep pace with the S&P 500, despite no exposure to any FAANG stocks, is a testament to the biblically responsible investing industry," said Inspire CEO, Robert Netzly. "With the plethora of academic research, and the performance of BIBL, Wall Street can no longer ignore what the Lord is doing in the financial industry."
PERFORMANCE AS of most recent quarter end (6/30/21) | ||||||
(Returns greater than 1 year are annualized. Data from Bloomberg and ETF Logic.) | 3M | 6 M | 1 YR | 3 YR | YTD | Since INception |
Inspire 100 ETF - NAV1 | 10.06% | 17.69% | 42.35% | 19.02% | 16.79% | 17.40% |
Inspire 100 ETF - Market Price2 | 10.15% | 17.49% | 42.48% | 18.99% | 17.12% | 17.44% |
S&P 500 TR Index | 8.55% | 15.25% | 40.79% | 18.67% | 15.25% | 17.21% |
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, www.inspireetf.com. The S&P 500 is a stock market index comprised of 500 large companies listed on stock exchanges in the United States.
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 BIBL
The Inspire 100 ETF (NYSE: BIBL) is constructed to be a core holding for growth driven portfolios by providing access to one hundred of the most inspiring, biblically aligned U.S. large cap companies, as measured by the Inspire Impact Score methodology, Inspire's revolutionary faith-based ESG (environmental, social and governance)3 scoring system which measures a company's positive impact on the world.
BIBL is market cap weighted with a net expense of 0.35%, which is contractually reduced by Inspire from the gross expense of 0.57% to keep fees lower for investors at a minimum through March 31, 2022, at which point the fee waiver can be renewed.
For more information on the Inspire 100 ETF, visit http://www.inspireetf.com/bibl.
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 is recognized in the 2020 Inc. 5000 list of America's fastest growing private companies and The Financial Times "Americas' Fastest Growing Companies 2021". Inspire's Discretionary Assets Under Management (AUM) has grown another 29% so far this year, bringing total assets to $1.69 billion as of June 30, 2021.
Inspire also donates 50% or more of their own corporate profits to support impactful ministry projects around the globe through its Give50 Program. Most recently Inspire adopted a village in the coffee farming mountains of Guatemala to completely transform the lives of the those living in that impoverished village. Thanks to investors, advisors and institutions using Inspire products, the village now has a church building, a clean water well, and improved education facilities. Up next on the list is a fully functional medical clinic, child sponsorships, and Bible distribution. 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:
Eric Smyth
Media Relations
(831)382-6572
inspire@inspireinvesting.com
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.
Investment advisory services offered through CWM Advisors, LLC dba Inspire, a Registered Investment Advisor with the SEC.
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, call 877.658.9473, or visit www.inspireinvesting.com. Read it carefully. The Inspire ETFs are distributed by Foreside Financial Services LLC., Member FINRA/SIPC.
Inspire and Foreside Financial Services LLC are not affiliated.
SOURCE: Inspire Investing
View source version on accesswire.com:
https://www.accesswire.com/657097/Biblical-Inspire-100-ETF-NYSEBIBL-Breaks-250-Million-AUM-as-Performance-Beats-SP-500-Benchmark
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