“There were about 150 faith-based mutual funds and ETFs with nearly $97 billion in assets in Morningstar’s database as of the end of April 2026, smaller than 30 entire fund families.”

[COMMENTARY] Ethical and sustainable investing has many of its roots in faith-based investing. Yet, the size of their related markets is significantly different. I’ve often wondered why that is, especially when you consider how large the purported religious affiliations of investors generally are!
Faith-Based Investing Is a Small, But Growing, Niche, by Morningstar, June 4, 2026, USA.