ETF Evaluator:
Inspire Global Hope ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Large-Stock Blend Over the Last Year
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Risk
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Risk
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ETF Details
Inspire Global Hope ETF Overview
Inspire Global Hope ETF (BLES) is a passively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). Inspire launched the ETF in 2017.
The investment seeks to replicate investment results that generally correspond to the performance of the Inspire Global Hope Index.
The fund generally invests at least 80% of its total assets in the component securities of the index. The index provider selects foreign (including emerging markets) and domestic equity securities from a global universe of publicly traded equity securities of large capitalization companies and which have an Inspire Impact Score™ of zero or higher.
About Inspire Global Hope ETF (BLES)
There are 3 members of the management team with an average tenure of 7.73 years: Robert Netzly (2017), Darrell Jayroe (2017) and Tim Schwarzenberger (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Global 1200 PR index with a weighting of 100% and Inspire Global Hope USD index with a weighting of 100%. Inspire Global Hope ETF has 414 securities in its portfolio. The top 10 holdings constitute 3.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Inspire Global Hope ETF is part of the Equity global asset class and is within the International Equity ETF group. Inspire Global Hope ETF has 50.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 48.6% There is 50.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Inspire Global Hope ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $160 million in total assets, which is below the $2 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BLES Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Inspire Global Hope ETF expense ratio is above average compared to funds in the Global Large-Stock Blend category. Inspire Global Hope ETF has an expense ratio of 0.60%, which is 22% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Inspire Global Hope ETF has a portfolio turnover rate of 29%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, Inspire Global Hope ETF returned 2.3%, which earned it a grade of A, as the Global Large-Stock Blend category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Inspire Global Hope ETF has a trailing yield of 1.80%, which is above the 1.66% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Inspire Global Hope ETF Grades
Year to date, the ETF has returned 14.0%, 4.8 percentage points better than the category, which translates into a grade of A. The fund has returned 21.9% over the past year (grade of C), 14.0% over the past three years (grade of D) and 8.1% per year over the past five years (grade of D).
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BLES Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BLES Return (NAV) | 2.3% | 3.9% | 21.9% | 14.0% | 8.1% | na |
| BLES Return (Price) | 1.8% | 3.2% | 22.0% | 13.8% | 8.0% | na |
| NAV +/- Price Return | 0.489% | 0.716% | -0.058% | 0.144% | 0.084% | na |
| Global Large-Stock Blend Avg | 0.0% | 3.1% | 19.1% | 15.1% | 8.5% | 11.5% |
| BLES Grade (NAV) | A | C | C | D | D | na |
| +/- Category (NAV) | 2.3% | 0.8% | 2.8% | -1.2% | -0.4% | na |
| BLES Tax-Cost Ratio | na | na | 0.8% | 0.8% | 1.2% | na |
BLES Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BLES Return (NAV) | 14.0% | 19.0% | 5.9% | 16.4% | -16.0% | 23.4% | 12.9% | 27.9% | -12.2% | na | na |
| BLES Return (Price) | 13.6% | 19.2% | 5.6% | 16.5% | -16.2% | 24.4% | 12.3% | 28.4% | -12.9% | na | na |
| NAV +/- Price Ret | -0.026% | 0.014% | -0.045% | 0.003% | 0.013% | 0.042% | -0.049% | 1.7% | 5.6% | na | na |
| Global Large-Stock Blend Avg | 9.2% | 20.4% | 13.8% | 18.7% | -17.7% | 17.3% | 18.3% | 26.8% | -9.1% | 23.4% | 8.1% |
| BLES Grade (NAV) | A | D | F | D | B | B | D | B | F | na | na |
| +/- Category | 4.8% | -1.4% | -7.9% | -2.3% | 1.7% | 6.2% | -5.4% | 1.1% | -3.1% | na | na |
| Risk Measures | |
| Beta: | 0.91 |
| R-Squared: | 79% |
| Standard Deviation: | 12.9% |
| Category Risk Index: | 0.96 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.05 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.8% |
| Total Assets: | $ 161 Mil |
| Share Class Assets: | $ 161 Mil |
| Turnover: | 29.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | Yes |
| Index Tracked: | S&P Global 1200 PR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.4 years | |||
| Average Tenure: 7.7 years | |||
| Managers (Year): Netzly Robert (2017), Jayroe Darrell (2017), Schwarzenberger Tim (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 414 |
| % in Top 10 Holdings: | 3.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 50.4% |
Portfolio Allocation |
|
| Domestic Stock: | 48.6% |
| Foreign Stock: | 50.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Inspire |
| Phone Number: | 877-658-9473 |
| Website: | |
| Inception Date: | February 27, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
