Inspire Investing, the ETFs issuer behind a series of biblically inspired funds, added to its lineup Tuesday with the debut of the Inspire International ESG ETF (NYSEARCA: WWJD). WWJD is the firm’s fifth ETF to debut in two years.
“With an expense ratio of 0.80%, the Inspire International ESG ETF (NYSE: WWJD) is a faith-based ESG (environmental, social and governance) ETF comprised of 150 biblically aligned large-cap companies outside of the United States, as measured by Inspire’s revolutionary Inspire Impact Score methodology, which measures a company’s positive impact on the world. WWJD is equally weighted, rebalanced quarterly, and reconstituted annually, requiring constituents to have a minimum $5B market cap or higher and be domiciled outside the U.S.,” according to a statement issued by California-based Inspire.
The new WWJD is comprised of 80% developed markets companies and 20% emerging markets stocks. The issuer defines large-cap stocks as those with market values greater than $5 billion. WWJD’s portfolio has about 150 equities.
Faith-Based Portfolios
“We select portfolio companies using the Inspire Impact Score methodology, our proprietary process that identifies companies doing amazing things like working to cure cancer, providing clean water solutions and otherwise being a blessing to their communities, customers, workforce and the world, while at the same time avoiding investments in companies involved in immoral activities like abortion, pornography and human trafficking,” according to the issuer.
Other funds in the Inspire lineup include the Inspire 100 ETF (NYSEArca: BIBL). BIBL tracks the performance of the Inspire 100 Index, which is comprised of domestic large-cap equity securities that follow the index provider’s Inspire Impact Score, a proprietary selection process that focuses on security’s alignment with biblical values and the positive impact that company has on the world through various environmental, social and governance criteria.
The firm also has a corporate bond ETF, the Inspire Corporate Bond Impact ETF (NYSE: IBD). Overall, the firm has $460 million in ETF assets under management.
For more information on new fund products, visit our new ETFs category.
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