It is a passive ETF that invests in large-cap developed-market stocks outside the US, selecting companies that meet its own faith-based values criteria. It filters out companies that conflict with biblical values and diversifies across large-cap international stocks.

It suits investors who prioritize faith-based values screening while seeking diversified exposure to developed-market stocks outside the US.

It is an ETF managed by Inspire using a passive (index-tracking) approach.

Focusing on large-cap developed-market stocks outside the US, the ETF builds its index by selecting companies that meet its own faith-based values criteria. It excludes companies whose businesses conflict with biblical values and spreads its holdings across large-cap international stocks in many countries and industries, seeking values-based international exposure.

• Faith-based values screening
• Diversification across large-cap developed-market stocks outside the US

Assets under management (AUM) stand at $565.4M, and the total expense ratio is 0.61% per year.

Compared with general international equity ETFs such as FNDF and GSIE, the main points of comparison are the values-based screening criteria and the makeup of holdings.

International stocks move differently depending on global risk appetite, the strength of the dollar and economic conditions in each country. Because of its exclusion criteria, values-based screening can lead to a sector composition that differs from the broad market index. With a large international weighting, exchange rate fluctuations also affect performance.

Fund flows into international stocks diverge with global risk appetite and currency trends, and money sometimes shifts into related product groups when interest in values-based screening rises. It is also worth noting that performance varies with economic conditions and currency variables in each country.

Faith-based values screening and international diversification are its strengths, while tracking differences from exclusion criteria, currency exposure and regional economic risk are considerations.

For broad developed-market exposure without values criteria, direct substitutes include EFA and VEA, and for investing in developed markets at a lower fee, products such as IEFA are also worth comparing. The three products shown in the table, FNDF, GSIE and IGF, focus on international fundamental and factor equities and on global infrastructure respectively, so their screening criteria and exposures differ. What sets this ETF apart is that it selects large-cap international stocks using faith-based values criteria.

Here are the points to review before investing in WWJD. Values-based screening is the main appeal, but tracking difference, currency exposure and regional economic risk should be checked in advance. It is also worth comparing it with broad developed-market products.

Tracking differences from exclusion criteria, exchange rate movements and economic slowdowns in individual countries are the main short-term performance variables, and values-based screening can make sector composition differ from the broad market index. With a large international weighting, currency swings also affect returns.

It is a suitable candidate for investors who prioritize faith-based values screening while seeking to invest in developed-market stocks outside the US. If you want broad international exposure without values criteria, consider products such as EFA or VEA, and if you want faith-based values screening, compare this product alongside them before choosing.