BOISE,
Idaho, June 17, 2024 /PRNewswire/ -- Inspire
Investing is proud to announce that the Inspire Momentum ETF (NYSE:
GLRY) has been awarded a 5-star Overall Morningstar RatingÔ as of
5/31/24. Morningstar's rating system evaluates funds based on their
risk-adjusted returns relative to similar funds. According to
Morningstar, ETFs whose risk-adjusted returns fall within the top
10% relative to category peers receive a 5-star rating.
"We are thrilled to receive this prestigious rating from
Morningstar," said Robert Netzly,
CEO of Inspire Investing. "This 5-star rating is a testament to the
strength of our investment strategy and our dedication to managing
a fund that aligns with the values of our investors."
GLRY received a 5-star Morningstar Rating for the 3-year period
out of 552 small growth funds as of 5/31/24. This rating lists
GLRY's overall performance as "High" and overall risk as "Below
Average" for the same time period.
About GLRY
The Inspire Momentum ETF, part of Inspire Investing's suite of
biblically responsible ETFs, is actively managed and seeks to
maximize growth and outperform the broader U.S. mid-cap stock
market results. GLRY first applies the Inspire Impact
Score™ methodology to find companies that align
with biblical values, then selects those that demonstrate positive
momentum in their stock performance.
For more information about the Inspire Momentum ETF (GLRY) and
other faith-based investment options offered by Inspire Investing,
please visit www.inspireetf.com/glry.
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.
Past performance does not guarantee future results.
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.
© 2024 Morningstar, Inc. All rights reserved. The information
contained herein: (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; and (3) is
not warranted to be accurate, complete, or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information.
Morningstar Rating: The Morningstar Rating™ for funds, or
"star rating", is calculated for managed products (including mutual
funds, variable annuity and variable life subaccounts,
exchange-traded funds, closed- end funds, and separate accounts)
with at least a three-year history. Exchange-traded funds and
open-ended mutual funds are considered a single population for
comparative purposes. It is calculated based on a Morningstar
Risk-Adjusted Return measure that accounts for variation in a
managed product's monthly excess performance, placing more emphasis
on downward variations and rewarding consistent performance. The
Morningstar Rating does not include any adjustment for sales loads.
The top 10% of products in each product category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the
next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The
Overall Morningstar Rating for a managed product is derived from a
weighted average of the performance figures associated with its
three-, five-, and 10-year (if applicable) Morningstar Rating
metrics. The weights are: 100% three-year rating for 36-59 months
of total returns, 60% five-year rating/40% three-year rating for
60-119 months of total returns, and 50% 10-year rating/30%
five-year rating/20% three-year rating for 120 or more months of
total returns.
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SOURCE Inspire Investing