If You Invested in Inspire Fidelis Multi Factor ETF (FDLS)

Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund whose mandate is to replicate the Fidelis 100 Index, an equity index managed by Wallick Investments, LLC. According to public disclosures, the Fidelis 100 Index applies a faith-based approach to equity selection combined with a multi-factor investment methodology. The ETF trades under the ticker FDLS and is offered by Inspire Investing, which is described as a provider of faith-based ETFs.

Investment mandate and index relationship

The Inspire Fidelis Multi Factor ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Fidelis 100 Index. Wallick Investments manages the Fidelis 100 Index and integrates the Inspire Impact Score with its methodology. The ETF’s holdings are therefore tied to the securities selected for the Fidelis 100 Index and are intended to follow the same rules-based process used for that index.

For equity selection in the Fidelis 100 Index, Wallick Investments states that it uses an evidence-based multi-factor methodology. This methodology is described as aiming to minimize exposure to companies considered low quality financially and ethically, and to companies viewed as expensive or lacking price or earnings momentum. At the same time, it aims to maximize exposure to companies considered high quality financially and ethically, selling at a discount and showing positive price and earnings momentum. Securities in the Fidelis 100 Index are equally weighted, with rebalance and reconstitution occurring on a quarterly schedule.

Faith-based and factor-based approach

The ETF’s strategy is linked to a faith-based screening process through the Inspire Impact Score, which is incorporated into the Fidelis 100 Index methodology. Wallick Investments describes its broader approach as strategic moral investing, combining faith-based criteria with factor-based analysis. The Fidelis 100 Index is presented as a benchmark for diversified factor-based equity performance that aligns with these principles.

Because the ETF is designed to track the Fidelis 100 Index, its investment profile reflects the index’s combination of faith-based impact scoring and multi-factor selection. The multi-dimensional diversification of the Fidelis 100 Index is highlighted by Wallick Investments as a key feature for benchmarking diversified factor-based equity portfolios.

Role of Inspire Investing and Wallick Investments

The Inspire Fidelis Multi Factor ETF is offered by Inspire Investing. Public information notes that Inspire Investing focuses on faith-based ETFs and that the Inspire Impact Score is used within the Fidelis 100 Index methodology. Wallick Investments, an SEC-registered investment advisory firm, manages the Fidelis 100 Index and licenses it for use by the ETF. Wallick Investments receives a licensing fee associated with assets invested in the FDLS ETF.

Wallick Investments describes itself as a firm focused on strategic moral investing, with strategies available to individuals, institutions, and non-affiliated advisors. Access to these strategies is available either through a direct relationship with Wallick Investments or through the Inspire Fidelis ETF, which has a mandate to replicate the holdings in the Fidelis 100 Index.

Use of the Fidelis 100 Index as a benchmark

The Fidelis 100 Index is presented as an index designed to benchmark diversified faith-based investments using a multi-factor framework. Wallick Investments highlights the index’s performance relative to other recognized indices and notes its use as a standard for diversified factor-based equity performance. The Inspire Fidelis Multi Factor ETF, by seeking to replicate this index, provides a vehicle for investors who want exposure to a strategy that combines faith-based criteria with factor-based equity selection.

Risk and performance considerations

Public communications about the ETF and the Fidelis 100 Index emphasize that past performance is no guarantee of future results. References to historical returns and ratings are accompanied by standard investment disclaimers. Investors are directed in those communications to review the ETF’s prospectus for details on investment objectives, risks, charges, and expenses, and to read the prospectus carefully before investing.

How FDLS is positioned for investors

According to available information, the Inspire Fidelis Multi Factor ETF offers exposure to an index that blends faith-based impact scoring with multi-factor equity selection in a rules-based, equally weighted framework. The ETF’s mandate to replicate the Fidelis 100 Index connects it directly to Wallick Investments’ strategic moral investing philosophy and to Inspire Investing’s faith-based screening approach. This makes FDLS a vehicle for investors seeking an ETF that aligns with a specific faith-based and factor-based methodology as defined by the Fidelis 100 Index guidelines.