At a glance
PTL charges 0.09% a year, below the 0.23% average of the 8 funds most like it (the 2nd cheapest of 9). It has $843.2M in assets, the 6th largest of that group; it paid 0.93% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +8.3% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds. Its ten largest positions make up 29.1% of the fund, out of 484 in all.
The short version
Inspire 500 ETF (PTL) is an index fund that tracks the Inspire 500 Index. The index holds large US companies that pass Inspire Investing's screen for alignment with biblical values. Its 0.09% expense ratio is well below the 0.23% average of similar funds. Two things set it apart from a plain large-company fund: the screen leaves out whole categories of companies, and Broadcom alone made up about 12.9% of assets as of May 31, 2026.
Price history
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PTL +8.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| PTL official prospectus, to Dec 31, 2025 | — | +17.57% | — | — | — | +14.22% |
| Inspire 500 Index index, same period | — | +17.69% | — | — | — | +14.34% |
| S&P 500 Index index, same period | — | +17.88% | — | — | — | +18.10% |
| PTL price data to Oct 27, 2026 | +10.8% | +8.3% | — | — | — | +14.2% |
- Over the year to Oct 27, 2026, PTL returned +8.3%, 9th of 9 among similar funds.
- Its worst full calendar year was 2025 (+17.9%); its best was 2025 (+17.9%).
- The deepest fall in its price history was 19.7% (Feb 18, 2025 to Apr 8, 2025), recovered by Jun 24, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +10.8% | — |
| 2025 | +17.9% | +17.57% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.7900 | |
| 2025 | $3.1000 |
What's inside
As of May 31, 2026, the fund held 484 securities; the ten largest made up 29.14% of assets.
| Holding | Weight | |
|---|---|---|
| BROADCOM INC | 12.91% | |
| EXXON MOBIL CORP | 3.55% | |
| CATERPILLAR INC | 2.14% | |
| HOME DEPOT INC (THE) | 1.92% | |
| PALANTIR TECHNOLOGIES INC | 1.86% | |
| QUALCOMM INC | 1.53% | |
| GE VERNOVA INC | 1.51% | |
| LINDE PLC | 1.37% | |
| KLA CORP | 1.25% | |
| ARISTA NETWORKS INC | 1.12% | |
| NEXTERA ENERGY INC | 0.97% | |
| AMPHENOL CORP | 0.95% | |
| APPLOVIN CORP | 0.92% | |
| SANDISK CORP | 0.90% | |
| WESTERN DIGITAL CORP | 0.84% |
By country
United States 95.29%Ireland 2.05%Cayman Islands 0.51%Curaçao 0.5%Singapore 0.32%By asset type
Stocks 99.58%By sector
Sectors of the companies held, for the 63.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of May 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to May 31, 2026, investors added a net $74.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -4.45%, +10.90%, +2.85%.
How it works
The fund aims to match the Inspire 500 Index before fees. It generally keeps at least 80% of its assets in the index's stocks. Inspire Investing, LLC is both the fund's adviser and the index provider, so the same firm writes the index rules and runs the fund. The starting pool is US large companies, which Inspire defines as the largest 10% of the US stock market.
Inspire gives each company an Inspire Impact Score™. This is its own rating of how well a company fits biblical values and how much good it does for customers, communities, workers and the world. Companies found to break listed rules get negative scores and are left out. The rules cover alcohol, gambling, cannabis, labor or sexual exploitation, abortion-related drugs, services and activism, in vitro fertilization, embryonic stem cells, and an above-average rating on a national LGBT advocacy group's corporate survey. Inspire admits it cannot track every action a company takes, and scores may lag new information. Other investors may draw these lines in different places.
As of May 31, 2026, the result was 484 stocks, about 95% of them US companies, with no derivatives. The weights are far from equal. Broadcom was 12.9% of assets and Exxon Mobil 3.5%, and the top ten holdings together made up 29.1%. Portfolio turnover, the share of holdings replaced over a year, was 30%.
What it really costs
- PTL charges 0.09% a year, versus an average of 0.23% for the similar funds below (2nd of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $9 in the first year and $115 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| PTL | $9 | $29 | $51 | $115 |
In a retirement portfolio
It is a low-cost, 484-stock fund of large US companies that could anchor the stock portion of a portfolio for investors who want a biblical values screen.
PTL could add broad US large-company stock exposure that reflects Inspire's values screen. It costs 0.09% a year, or $115 over 10 years on $10,000 in the SEC's standard example. Its record is short. The fund launched March 25, 2024, so it has no history through the 2008, 2020 or 2022 downturns. Its deepest drop was 19.7%, from February 18 to April 8, 2025, and it recovered by June 24, 2025, about 2.5 months later. Anyone who sold shares for spending money during that stretch would have sold at lower prices. The yield was 0.93% as of October 27, 2026, paid quarterly, so it offers little income. Broadcom's 12.9% weight ties results closely to one company. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a 484-stock fund of large US companies screened for biblical values, at a 0.09% expense ratio.
- Long-term holders who can sit through stock-market swings, like the 19.7% drop in early 2025, and don't need much income.
- People who agree with Inspire's exclusion list and are comfortable with Inspire both building the index and managing the fund.
Look elsewhere if
- Investors who want to closely match the S&P 500. PTL returned 14.22% a year since inception through December 31, 2025, versus 18.1% for the S&P 500.
- Retirees who need meaningful income. The trailing yield was 0.93% as of October 27, 2026, paid quarterly.
- Anyone uneasy with single-stock risk or short track records. Broadcom was 12.9% of assets as of May 31, 2026, and the fund launched in 2024.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| PTL this fund | — | 0.09% | $843.2M | +8.3% | — |
| IWR iShares Russell Midcap ETF | 40% | 0.19% | $56.98B | +16.6% | +19.3% |
| IMCB iShares Morningstar Mid-Cap ETF | 39% | 0.04% | $1.66B | +18.7% | +22.2% |
| TPLC Timothy Plan US Large/Mid Cap Core ETF | 36% | 0.52% | $304.3M | +10.3% | +16.8% |
| JHMM John Hancock Multifactor Mid Cap ETF | 35% | 0.42% | $5.81B | +13.2% | +19.7% |
| AVMC Avantis U.S. Mid Cap Equity ETF | 34% | 0.18% | $495.9M | +13.5% | — |
| GSEW Goldman Sachs Equal Weight U.S. Large Cap E… | 34% | 0.09% | $2.08B | +13.5% | +21.4% |
| IWS iShares Russell Mid-Cap Value ETF | 33% | 0.23% | $15.65B | +25.6% | +20.7% |
Questions investors ask
What is PTL's expense ratio?
PTL charges 0.09% a year, according to its prospectus filed March 26, 2026. That is below the 0.23% average for similar funds and ranks second-lowest of nine. In the SEC's standard example, a $10,000 investment earning 5% a year would cost about $9 after one year, $51 after five years and $115 after ten. iShares Morningstar Mid-Cap ETF (IMCB) costs less at 0.04%. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) costs the same 0.09%.
What companies does the Inspire 500 ETF exclude?
The fund leaves out companies that Inspire finds break its biblical values rules. The list covers alcohol producers, gambling, cannabis, labor or sexual exploitation, and abortion-related drugs, services and activism. It also covers in vitro fertilization, embryonic stem cells, and companies with an above-average rating on a national LGBT advocacy group's corporate survey. Inspire says it cannot see every action a company takes and that others may judge these lines differently.
Does PTL pay dividends?
Yes. PTL pays dividends quarterly. Over the 12 months through October 27, 2026, it paid $2.55 per share, a yield of 0.93%. That is a small amount of income, because the fund owns mostly large companies and does not aim to collect high dividends. Investors who need steady cash from their holdings may find the payout too low to matter much on its own.
Has PTL done better than the S&P 500?
No, not so far. From its launch through December 31, 2025, PTL returned 14.22% a year on average, compared with 18.1% for the S&P 500. In 2025 alone it returned 17.57%, against 17.88% for the S&P 500. The fund stayed close to its own Inspire 500 Index (14.34% a year since inception), so most of the gap comes from the index's screen and weights. Its one-year price return was 8.3% as of October 27, 2026.
PTL vs IWR: what's the difference?
They share about 40% of their holdings, the most overlap among the funds we compared, but they differ in focus and cost. As its name says, iShares Russell Midcap ETF (IWR) targets midsize companies. PTL picks from the largest 10% of the US market and applies a biblical values screen. IWR charges 0.19% versus PTL's 0.09%. IWR is much bigger, with about $57 billion in assets as of June 30, 2026. Its one-year return was 17.2% as of October 30, 2026, compared with PTL's 8.3% as of October 27.