BLES
Inspire Global Hope ETF
The Inspire Global Hope Large Cap ETF follows an equal-weighted index of 400 large-cap stocks selected for their alignment with biblical values and positive impact on the world according to various ESG screens.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
110.0 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Lights |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 27, 2017 |
| Assets (mns) | $110 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| REGAL BELOIT CORP | 0.5 % |
| WESTERN ALLIANCE BANCORP | 0.3 % |
| DR HORTON INC | 0.3 % |
| FIRST CITIZENS BCSHS -CL A | 0.3 % |
| POOL CORP | 0.3 % |
| EVERCORE PARTNERS INC-CL A | 0.3 % |
| BUILDERS FIRSTSOURCE INC | 0.3 % |
| ANGLO PLATINUM LTD | 0.3 % |
| ENPHASE ENERGY INC | 0.3 % |
| SGS SA | 0.3 % |
Constituent Breakdown
| Number of holdings | 416 |
| Herfindahl-Hirschman Index | 25 |
| Wgt avg mkt cap (mns) | $34,332 |
| Large cap (>$10bn) | 89.8% |
| Mid cap ($2-10bn) | 9.9% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 91.0% |
| Emerging mkts. | 9.0% |
Country Exposure
 |
UNITED STATES | 49.4 % |
 |
CANADA | 4.1 % |
 |
JAPAN | 3.9 % |
 |
AUSTRALIA | 3.6 % |
 |
SWITZERLAND | 3.5 % |
 |
GERMANY | 3.0 % |
 |
HONG KONG | 2.7 % |
 |
BRITAIN | 2.5 % |
 |
ITALY | 2.3 % |
 |
FRANCE | 2.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.6% | 27.5% | 16.1% | 2.9% | 9.6% | -- | 8.8% | Volatility | 13.4% | 13.7% | 14.8% | 17.5% | 21.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 86% |
| MSCI EAFE | 1.00 | 93% |
| MSCI Emg Mkts | 0.81 | 59% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $78,560 |
Technical Indicators
| Recent close | $39.27 |
| 30d moving avg. | $39.03 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BLES |
Expenses vs. BLES |
ALTAR Score™ vs. BLES |
|---|---|---|---|---|
| WWJD | Inspire International ETF | 48.6% | +19 bp | +1.0% |
| PTL | Inspire 500 ETF | 34.1% | -52 bp | -0.8% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 32.6% | -52 bp | -0.7% |
| TPLC | Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund | 31.5% | -9 bp | -1.3% |
| TPLE | Timothy Plan Us Large/Mid Cap Core Enhanced ETF | 31.5% | -3 bp | -1.4% |
| SIZE | iShares MSCI USA Size Factor ETF | 29.1% | -46 bp | -0.9% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 28.9% | -52 bp | -0.7% |
| RSP | Invesco S&P 500 Equal Weight ETF | 28.6% | -41 bp | -0.4% |
| TPIF | Timothy Plan International ETF | 27.9% | +1 bp | +0.5% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 27.2% | -26 bp | -0.8% |
Risk and Returns: BLES vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BLES
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
BLES
6.3%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. BLES's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places BLES in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BLESSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| BLES (61 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLES | 61.0 | 23.6 | 84.6 |
| Peer Avg. | 43.3 | 22.0 | 65.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .