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