September 19, 2024

Inspire Investing Statement on SEC Settlement

Inspire Investing is pleased to have resolved the U.S. Securities and Exchange Commission’s (SEC) inquiry into our historical screening policies and procedures. In recent years, the SEC has investigated a significant number of investment firms offering screened investments, including secular firms with ESG or similar strategies, as well as faith-based firms. As a prominent provider of faith-based investing solutions, Inspire Investing was included in this process with a non-public fact-finding inquiry beginning in September 2022. We are pleased with the resolution of this matter and offer the following statements regarding the process.

  • We are thankful to have resolved this matter, which relates to certain historic processes, procedures, and marketing practices. We are grateful to receive guidance from the SEC on what it considers important regarding modern faith-based investment screening. We have full confidence that the enhancements we have made and will continue to make to our processes and procedures put us and our clients on solid ground in the current regulatory landscape.
  • The SEC Order takes no issue with the conservative, biblical values Inspire applies to screening categories. Inspire remains committed to providing unapologetically biblical investment screening on issues of critical importance to faith-based investors around the world, including abortion and LGBT activism.
  • The SEC Order raises no issues with our financial condition or the performance of our funds. The weaknesses identified by the SEC were in relation to the definitions and disclosure being provided in fund prospectuses and other materials matching the details of our previous data set, collection processes and procedures in use at the time, which the firm has already taken steps to address prior to the Order.
  • We are pleased that the SEC recognized our cooperation in the investigation and our remediation efforts. We continue our ongoing commitment to enhance and refine the Inspire Impact Score methodology to provide a potently biblical tool for guiding faith-based investment decisions now and into the future.
  • We have learned many lessons from the ever-evolving regulatory environment and are fully committed to continuing to improve.
  • We are grateful to our investors for their continued trust in our offerings and passion to help expand the biblically responsible investing movement to see every Christian investing for the glory of God!

For more information, contact:

Molly Blakeman, Senior Marketing Specialist

(208) 994-0495

molly.blakeman@inspireinvesting.com

Important Risk Information

Advisory services are offered through Inspire Investing, LLC, a Registered Investment Adviser with the SEC. All expressions of opinion are subject to change without notice and are provided for informational purposes only. Nothing in this article should be construed as an offer, solicitation, recommendation, or endorsement of any particular security, strategy, or investment product. Investing involves risk, including the potential loss of principal. Please consult your financial advisor before making any investment decision. Inspire Investing integrates biblical principles into its investment philosophy through a Biblically Responsible Investing (BRI) approach. This value-based methodology reflects Inspire's interpretation of Scripture and may not align with the views or beliefs of all investors.
Certain statements may include forward-looking information based on current beliefs, expectations, and assumptions. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Inspire undertakes no obligation to update or revise any forward-looking statements.
Inspire Investing, LLC serves as the investment adviser to certain proprietary ETFs used in Inspire portfolios. Inspire receives management fees from these ETFs, creating a potential conflict of interest. Inspire seeks to mitigate this conflict through policies and procedures that ensure recommendations are made in clients' best interests and consistent with their unique goals and risk profiles. Additional details can be found in Inspire's Form ADV Part 2A.

Inspire Investing entered into a settlement with the SEC related to certain historical disclosures and fund documentation procedures involving faith-based screening practices. The firm cooperated fully and has since implemented substantial enhancements to its processes. For full details, see the SEC Order.

Approval Code:
86aadpkx5

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