FDLS: At The Intersection Of Biblical Values And Multifactor Approach, A Hold
The Inspire Fidelis Multi Factor ETF is a passively managed vehicle tracking the WI Fidelis Multi-Cap Multi-Factor Index, offering exposure to 100 equities that are aligned with biblical values. While having a banner 2025, FDLS has nevertheless significantly underperformed IVV and ACWI since its inception in 2022. I appreciate FDLS' notable GARP characteristics and healthy quality, yet issues like its 0.69% expense ratio, 232% turnover, and underperformance since inception stand in the way of the Buy rating.
FDLS: Biblical Values ETF With High Fees And Turnover
The Inspire Fidelis Multi Factor ETF holds a 100-stock portfolio based on biblical values, growth, value and momentum. FDLS is diversified across sectors and holdings, and combines excellent value and growth characteristics. The track record of 28 months is too short to assess the strategy, but for now, it is unremarkable, except for an excessively high turnover.
