Inspire Global Hope ETF

Inspire Global Hope ETF (BLES) tracks the Inspire Global Hope Index. The index holds about 400 large companies from the US, other developed countries and emerging markets that pass a biblical-values screen. Money is spread thinly: the 10 largest holdings made up just 4.89% of assets as of May 31, 2026. Its 0.60% expense ratio is the highest among the similar funds compared here, which average 0.24%.

• Over the year to Oct 27, 2026, BLES returned +13.1%, 5th of 9 among similar funds.
• Its 5-year annualized return was +7.5%.
• In the 2020 COVID crash it fell 39.5% and regained its old high 7.6 months after the low.
• Its worst full calendar year was 2022 (-16.2%); its best was 2019 (+28.4%).
• The deepest fall in its price history was 40.4% (Jan 17, 2020 to Mar 23, 2020), recovered by Nov 9, 2020.

As of May 31, 2026, the fund held 400 securities; the ten largest made up 4.89% of assets.

• Over the three months to May 31, 2026, investors added a net $9.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -6.38%, +7.22%, +1.67%.

BLES aims to match the performance of the Inspire Global Hope Index before fees, and it generally puts at least 80% of its assets in the index's stocks. Unusually, the fund's own adviser, Inspire Investing, LLC, also builds the index. It starts with large companies worldwide, which Inspire defines as the largest 10% of the global stock market, and that includes emerging markets.

Each company gets an Inspire Impact Score™. This is Inspire's own rating of how well a company aligns with biblical values and how much positive impact it has on the world. Companies found in excluded categories get negative scores and are dropped. Only those scoring zero or higher qualify. The excluded categories include alcohol, gambling, cannabis, abortion-related drugs, services and activism, embryonic stem cell research, in vitro fertilization, exploitation and LGBT activism. The prospectus says the scores reflect Inspire's own view, rely on public and third-party data, and may not pick up new information right away.

As of May 31, 2026, the fund held 400 stocks and no derivatives, with about 49% in US companies. Each holding was small. Bloom Energy, Marvell Technology and Infineon Technologies each made up about 0.5% of assets, and several of the top names were chip makers. Portfolio turnover, a measure of how much of the portfolio is traded in a year, was 29%.

• BLES charges 0.6% a year, versus an average of 0.24% for the similar funds below (9th of 9, cheapest first).
• Of that, 0.3% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $61 in the first year and $750 over 10 years (assuming a 5% annual return).

It holds about 400 large companies around the world, so it could serve as a broad stock holding for investors who want a biblical-values screen.

BLES is still a fund that holds only stocks. It launched in February 2017, so it has no record from 2008. In the 2020 COVID crash it fell 40.4% between January 17 and March 23, 2020, and it took about 7.6 months to recover. In the 2022 bear market it dropped 26.1% and took 17.2 months to recover, until March 2024. Its worst calendar year was 2022, when it lost 16.01%. Someone who has to sell shares during drops like these locks in the losses. The yield was 1.85% as of October 27, 2026, paid quarterly, which is modest income. Costs are high for this kind of fund. Under the SEC's standard example, $10,000 invested costs about $61 in the first year and $750 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.