Inspire Investing Announces Altum Gold Certification of Underlying Fidelis 100 Index for Inspire Fidelis Multi Factor ETF (NYSE: FDLS)

Rhea-AI Summary

Inspire Investing (NYSE: FDLS) announced on May 5, 2026 that the Fidelis 100 Index, the benchmark for the Inspire Fidelis Multi Factor ETF, received Gold certification from Altum Faithful Investing. The certification affirms alignment with the Social Doctrine of the Catholic Church while retaining a rules-based, 100-stock equal-weighted multi-factor methodology.

Altum's rating is an independent opinion and may differ from other faith-based evaluators; the index was developed by Wallick Investments and underlies FDLS.

Positive

• Altum Gold certification of the Fidelis 100 Index on May 5, 2026
• Index aligns with the Social Doctrine of the Catholic Church
• FDLS uses a 100-stock equal-weighted, rules-based multi-factor methodology
• Index developed by Wallick Investments and serves as FDLS benchmark

Negative

• Certification reflects Altum's independent methodology and may differ from other faith-based evaluators
• Third-party certification is an opinion and does not guarantee investment performance

News Market Reaction – FDLS

+1.03%

+1.03% Session close to close

In the May 5 session, FDLS gained 1.03%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Altum Gold certification of the Fidelis 100 Index that underlies FDLS, ...

Analysis

This announcement highlights Altum Gold certification of the Fidelis 100 Index that underlies FDLS, reinforcing alignment with Catholic social doctrine while preserving a rules-based, quantitative, multi-factor process. Recent history features a 5‑Star Morningstar Rating and AUM above $190 million, underscoring growing recognition. Investors may monitor how assets, performance versus peers, and adherence to the 100-stock equal-weighted methodology evolve as faith-based and impact-focused demand develops.

Key Figures

Current price: $40.71 52-week range: $28.14–$41.07 Index constituents: 100 stocks +5 more

8 metrics

Current price $40.71 FDLS pre-news trading level

52-week range $28.14–$41.07 FDLS 52-week low and high

Index constituents 100 stocks Equal-weighted Fidelis 100 Index methodology

FDLS AUM $190 million Assets under management as of 04/29/2026

Morningstar rating 5-Star 3-year risk-adjusted performance for FDLS

Peer universe size 580 funds US Small-Cap Blend category comparison set

Expense ratio 0.09% Inspire 500 ETF expense

Inspire 500 AUM $679.5 million AUM as of 03/25/2026

Historical Context

3 past events · Latest: Apr 29 (Positive)

Pattern 3 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 29	Performance rating news	Positive	+1.7%	FDLS receives 5-Star Morningstar Rating and reports over $190M in AUM.
Apr 22	ETF performance update	Positive	+0.1%	Inspire 500 ETF marks two-year anniversary with low expense and outperformance.
Mar 25	Values certification	Positive	-1.5%	Altum awards Gold certification to Fidelis 100 Index replicated by FDLS.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent faith- and rating-related headlines have usually seen modest positive reactions, with one prior Altum certification headline showing a slightly negative move.

Recent Company History

Over the past few months, FDLS-related news has focused on values alignment and performance recognition. On 03/25/2026, the Fidelis 100 Index received Altum Gold certification, tracking FDLS’s faith-based, rules-driven methodology, and the fund dipped -1.51%. On 04/29/2026, FDLS earned a 5‑Star Morningstar Rating with over $190 million AUM, and the price rose 1.68%. Together, these events frame today’s Altum Gold certification acknowledgment as part of an ongoing validation narrative for the strategy.

Key Terms

etf, multi-factor, equal-weighted, aum, +1 more

5 terms

etf financial

"Inspire Fidelis Multi Factor ETF (NYSE: FDLS), has received Gold certification..."

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

View in glossary

multi-factor financial

"Inspire Fidelis Multi Factor ETF combines:Catholic values alignment..."

Multi-factor describes an investment approach or model that looks at several different characteristics of stocks or bonds—such as price levels, recent performance, company size, or profit quality—at the same time to decide what to buy or sell. It matters to investors because combining factors is like using a multi-point checklist instead of a single rule: it spreads risk, can smooth returns across market swings, and helps explain why some investments perform differently than others.

equal-weighted financial

"100-stock equal-weighted methodologyThis combination positions FDLS as a differentiated solution..."

An equal-weighted portfolio or index assigns the same dollar weight to each holding so every company contributes equally to performance, unlike market-cap indexes that let larger firms dominate. For investors this matters because it spreads risk more evenly and typically increases exposure to smaller companies and regular rebalancing, which can boost returns or costs compared with cap-weighted approaches; think of it as a team where each player gets the same playing time instead of favoring the star.

aum financial

"FDLS has over $190 million AUM as of 4/29/2026 and replicates..."

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

morningstar rating financial

"announced the Inspire Fidelis Multi-Factor ETF (FDLS) received a 5‑Star Morningstar Rating..."

A Morningstar Rating is a five-star score assigned by the independent research firm Morningstar to mutual funds, exchange-traded funds and, in some cases, stocks, showing how a fund’s past returns compare with similar investments after accounting for how much risk was taken. Think of it like a restaurant star rating based on historical performance versus peers; investors use it as a quick, standardized way to screen and compare funds, though it reflects past outcomes and not guaranteed future results.

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MERIDIAN, Idaho, May 5, 2026 /PRNewswire/ -- Inspire Investing, the world's largest provider of Christian ETFs, today announced that the Fidelis 100 Index, the underlying benchmark for the Inspire Fidelis Multi Factor ETF (NYSE: FDLS), has received Gold certification from Altum Faithful Investing.

The certification confirms that the Fidelis 100 Index is consistent with the principles of the Social Doctrine of the Catholic Church while maintaining its disciplined, rules-based quantitative investment methodology. Certification reflects Altum's independent methodology and opinions, which may differ from those of other faith-based evaluators. The index was developed by Wallick Investments and serves as the benchmark tracked by FDLS, Inspire's faith-based multi-factor ETF.

"This recognition is a powerful validation of what makes FDLS unique in the marketplace," said Robert Netzly, CEO of Inspire Investing. "Investors no longer need to choose between deeply held Catholic values and sophisticated evidence-based portfolio construction. FDLS seeks to deliver both in a simple ETF structure."

The Inspire Fidelis Multi Factor ETF combines:

• Catholic values alignment
• Inspire's proprietary Inspire Impact Score™
• Multi-factor exposure emphasizing quality, value, and momentum
• Rules-based diversification through a 100-stock equal-weighted methodology

This combination positions FDLS as a differentiated solution for financial advisors, institutions, and individual investors seeking long-term equity exposure aligned with faith convictions.

FDLS is part of Inspire's growing lineup of biblically responsible ETF strategies, which collectively serve investors seeking market participation aligned with faith, stewardship, and impact priorities.

About Inspire Investing

Inspire Investing is the world's largest provider of Christian ETFs (as of 12/31/2025), offering a full suite of biblically responsible investment solutions for financial advisors, institutions, and individual investors. Through its proprietary Inspire Impact Score™ methodology, Inspire seeks to identify companies aligned with biblical values while avoiding exposure to companies engaged in activities inconsistent with those principles.

Inspire also donates 50% or more of its net corporate profits from management fees to support impactful ministry projects around the globe through its Give50 Program. Ministries supported by the Give50 Program include Lifewise Academy, PreBorn!, World Help, and International Justice Mission (IJM).

Disclaimers

Investment advisory services offered through Inspire Investing, LLC, a Registered Investment Advisor with the SEC.

Altum Faithful Investing is an independent third-party organization. The Gold certification was awarded in April 2026 based on its proprietary review of the Fidelis 100 Index's alignment with Catholic social doctrine and portfolio construction framework. No guarantee is made that future index composition or fund holdings will continue to satisfy the same criteria. No compensation was provided by Inspire to Altum for this certification.

Information and data referenced in this article may be obtained from third-party sources believed to be reliable but Inspire makes no representation as to their accuracy or completeness. All trademarks and service marks are the property of their respective owners.

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.

Charitable contributions are made at the corporate level and do not directly increase investment returns.

This content is provided for educational and informational purposes only and should not be considered personalized investment advice. Inspire does not provide legal, tax, or accounting advice. Please consult your own advisor regarding your specific situation.

Investing involves risk, including the loss of principal. There is no guarantee that the Funds will achieve their objective, generate positive returns, or avoid losses.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, call 877.658.9473, or visit www.inspireetf.com. Read it carefully.

The Inspire ETFs are distributed by Foreside Financial Services LLC., Member FINRA. 

Inspire and Foreside Financial Services LLC are not affiliated. Copyright © 2025 Inspire. All rights reserved.

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SOURCE Inspire Investing

FAQ

What did Inspire Investing announce about FDLS on May 5, 2026?

Inspire Investing announced that the Fidelis 100 Index underpinning FDLS received Altum Gold certification. According to the company, the certification affirms alignment with the Social Doctrine of the Catholic Church while keeping a rules-based multi-factor index methodology.

What does Altum Gold certification mean for the Fidelis 100 Index and FDLS?

Altum Gold certification indicates faith-alignment according to Altum's criteria. According to the company, it signals that the Fidelis 100 Index is consistent with Catholic social doctrine while maintaining its quantitative, rules-based construction.

How is the Fidelis 100 Index constructed for the Inspire Fidelis Multi Factor ETF (FDLS)?

The Fidelis 100 Index is an equal-weighted, 100-stock index using multi-factor exposure. According to the company, it emphasizes quality, value, and momentum with rules-based diversification and Inspire's proprietary Impact Score.

Who developed the Fidelis 100 Index used by FDLS?

Wallick Investments developed the Fidelis 100 Index, which serves as the benchmark for FDLS. According to the company, Inspire uses that index to deliver faith-aligned, evidence-based portfolio construction in an ETF wrapper.

Will Altum's certification guarantee FDLS investment returns for shareholders?

No, certification denotes faith-alignment under Altum's methodology, not performance guarantees. According to the company, the recognition addresses values alignment while investment returns remain subject to market risks and FDLS's factor exposures.