Inspire's newest faith-based ETF passes $100M AUM in 11 days

Rhea-AI Summary

Inspire Investing's latest faith-based ETF, the Inspire 500 ETF (NYSE: PTL), has quickly gained traction by surpassing $100M in assets under management (AUM) in just 11 days. With a competitive 0.09% expense ratio, the fund offers access to U.S. large-cap, biblically screened companies at a remarkably low cost. CEO Robert Netzly attributes the fund's rapid growth to the demand for lower-cost faith-based investment options and the exclusion of the 'Magnificent 7' companies from all of Inspire's funds.

BOISE, Idaho, April 24, 2024 /PRNewswire/ -- Inspire Investing, the world's largest provider of faith-based ETFs, recently launched the lowest cost faith-based U.S. large cap ETF available, the Inspire 500 ETF (NYSE: PTL), which reached $100M AUM in just 11 days, from March 25 to April 4, 2024.

PTL offers a 0.09% expense ratio, giving faith-based investors access to U.S. large cap, biblically screened companies at the lowest price point available.

Robert Netzly, CEO of Inspire, believes that this competitive rate is spurring the fast growth of this fund. "Both advisors and their clients have been asking for lower costs when it comes to faith-based investing, and PTL not only provides this but also avoids the problematic 'Magnificent 7' since they are screened out of all our funds. These factors, I believe, have led to one of the fastest growing funds we've ever launched," says Netzly.

About the Inspire 500 ETF (NYSE: PTL)

PTL was launched on March 25, 2024, and is constructed to be a core holding for equity portfolio allocations by providing exposure to the 500 largest United States companies (by market cap) with biblical values alignment determined by Inspire Impact Scores of zero or higher, and has no exposure to the "Magnificent 7." With an expense ratio of just 0.09% and a passive, market cap weighted index construction, PTL seeks to provide low cost, efficient equity exposure to investors.

About Inspire Investing

Inspire Investing is the world's largest provider of faith-based ETFs and creator of the globally recognized Inspire Impact Score™, which investors worldwide use to measure the alignment of their investments according to Biblically Responsible Investing (BRI) principles.

Inspire has gained recognition by FA Magazine seven times since 2017, making the Top 50 Fastest Growing Firms list three times in a row. Inspire was recognized in The Financial Times' "Americas' Fastest Growing Companies" three of the last four years and the Inc. 5000 list of fastest-growing private companies in America four years running.

Inspire also donates 50% or more of its net corporate profits to support impactful ministry projects around the globe through its Give50 Program. Most recently, Inspire completed a 3-year village transformation project in the coffee farming mountains of Guatemala. Thanks to investors, advisors, and institutions using Inspire products, the village 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/give50.

Visit www.inspireetf.com to learn more about Inspire's faith-based ETFs.

Investment advisory services offered through Inspire Investing, LLC, a Registered Investment Advisor with the SEC.

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 or summary prospectus which contains this and other information, visit www.inspireetf.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.

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SOURCE Inspire Investing

FAQ

What is the ticker symbol for Inspire Investing's newest faith-based ETF?

The ticker symbol for Inspire Investing's newest faith-based ETF is PTL.

How long did it take for the Inspire 500 ETF to reach $100M in AUM?

The Inspire 500 ETF reached $100M in assets under management in just 11 days.

What is the expense ratio of the Inspire 500 ETF?

The Inspire 500 ETF has an expense ratio of 0.09%.

Why has the Inspire 500 ETF experienced fast growth according to CEO Robert Netzly?

CEO Robert Netzly attributes the fast growth of the Inspire 500 ETF to the demand for lower costs in faith-based investing and the exclusion of the 'Magnificent 7' companies from all of Inspire's funds.