Business Description We provide services to individuals, high-net-worth individuals, institutions and Registered Investment Companies concerning mutual funds, fixed income securities, real estate funds, insurance products including annuities, equities, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds and non-U.S. securities. As a registered investment adviser, we are held to the highest standard of client care - a fiduciary standard. As a fiduciary, we always put our client's interests first and must fully disclose any potential conflict of interest. We do not hold customer funds or securities.
Description of the Advisory Firm Inspire Investing, LLC is a registered investment adviser primarily based in Meridian, Idaho. We are organized as a limited liability company ("LLC") under the laws of the state of Delaware. We have been providing investment advisory services since 2015. We are directly owned by Inspire Impact Group, LLC. The principal owner of Inspire Impact Group, LLC is Robert Netzly. Assets Under Management As of December 31, 2023, we provide continuous management services for $2,562,233,803 in client assets on a discretionary basis.
Types of Advisory Services Adviser to Registered Investment Company Inspire Investing, LLC (hereinafter "Inspire") is an investment adviser to their proprietary series of Exchange Traded Funds ("ETFs"). Inspire's ETFs are passively managed, index based, biblically responsible funds. Inspire is the advisor to the funds and provides investment advice, biblical investment screening, portfolio management and marketing services to the funds. Inspire will recommend one or more of these ETFs to its clients when Inspire deems it suitable and appropriate. Since Inspire receives compensation for managing the ETFs, this presents a conflict of interest since inspire has a financial incentive to recommend the ETFs to its clients based on such compensation rather than the client's best interests. However, as a fiduciary, Inspire has an obligation to only recommend investments that are appropriate for clients and to only act in the clients' best interest. For a complete listing and details of all Inspire ETFs, please refer to www.inspireETF.com. See the Fees and Compensation section (Item 5) below for additional information. Biblically Responsible Investing Inspire integrates Biblically Responsible Investing (BRI) standards in all of the advice it provides. Inspire uses their proprietary Inspire Impact Score™ methodology to seek out investments in companies that are aligned with biblical values and avoid investments in companies which profit from or support practices at odds with biblical values. Inspire uses an affiliated screening technology called Inspire Insight (www.inspireinsight.com) to ensure that investments in which it puts client money are consistent with the biblically responsible investing strategy described here.
Separately Managed Account (SMA)Services Inspire offers ongoing Separately Managed Account services based on the individual goals, objectives, time horizon, and risk tolerance of each client. Inspire ascertains risk tolerance and investment objectives for each client, taking into consideration the client's current situation (income, tax levels, savings, debt, etc.) and then recommends and manages a portfolio that matches each client's specific situation. Separately Managed Account services include, but are not limited to, the following: 4
•Biblically Responsible Investment Screening
•Inspire Impact Score Analysis
•Asset Allocation •Asset Selection
•Risk Tolerance •Regular Portfolio Monitoring Inspire evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. Inspire will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented with a Risk Tolerance Questionnaire, which is given to each client.
Inspire seeks to make investment recommendations in accordance with the fiduciary duties owed to its accounts and without consideration of Inspire's economic, investment or other financial interests. To meet its fiduciary obligations, Inspire attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, Inspire's policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is Inspire's policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent among its clients on a fair and equitable basis over time.
Portfolio Model Provider (PMP) Services We offer Portfolio Model Provider services to unaffiliated registered investment advisers (RIA) and turnkey asset management platforms (TAMP). As part of these services, we will provide model portfolios, which the representatives of these advisers, or other advisors using these platforms, may select for their clients. When providing PMP services, Inspire is not providing investment advice, does not place trades or otherwise service individual client accounts and is not considered a fiduciary on those client accounts. Inspire will not directly manage these individual client accounts. Those unaffiliated representatives will be responsible for selecting the appropriate model for their clients. See the Fees and Compensation section (Item 5), the Other Financial Industry Activities and Affiliations section (Item 10) and the Client Referrals and Other Compensation section (Item 14) below for additional disclosures.
Sub-Advisory

Services to Registered Investment Advisers We offer sub-advisory services to affiliated and unaffiliated third-party money managers (the "Primary Investment Adviser"). As part of these services, we may provide model portfolios, which the Primary Investment Adviser selects for their clients, or we may customize a portfolio for specific clients at the direction of the Primary Investment Adviser. When providing Sub-Advisory services, Inspire is being compensated for portfolio management and trading services and does not assist with account opening, client service or other account servicing issues. The Primary Investment Adviser will be responsible for selecting the appropriate model for its clients. See the Fees and Compensation section (Item 5) below for additional information on this program.
Financial Planning Financial plans and financial planning may include, but are not limited to: investment planning; life insurance; tax concerns; retirement planning; college planning; and debt/credit planning.
5 Services Limited to Specific Types of Investments Inspire generally limits its investment advice to mutual funds, fixed income securities, real estate funds, ADRs, insurance products including annuities, equities, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds and non-U.S. securities. Inspire may use other securities as well to help diversify a portfolio when applicable.
Client Tailored Services and Client Imposed Restrictions Inspire offers tailored programs for each individual client. This will include an interview session to get to know the client's specific needs and requirements as well as a plan that will be executed by Inspire on behalf of the client. Inspire may use "model portfolios" together with a specific set of recommendations for each client based on their personal restrictions, needs, and targets. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent Inspire from properly servicing the client account, or if the restrictions would require Inspire to deviate from its standard suite of services, Inspire reserves the right to end the relationship.
Pension Consulting Services We offer pension consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, education services to plan participants, investment performance monitoring, and/or ongoing consulting. These pension consulting services will generally be non-discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational seminars to plan participants on such topics as:
•Diversification
•Asset allocation
•Risk tolerance
•Time horizon Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of pension consulting services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written notice to the other party in accordance with the terms of the agreement for services. The pension consulting fees will be prorated for the quarter in which the termination notice is given and any unearned fees will be refunded to the client.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you.
6 When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. In contrast, we receive less, or no, compensation if assets remain in the current plan or are rolled over to another Company's plan in which you may participate.
Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and other administrative fees. Inspire does not participate in any wrap fee programs.