Inspire Fidelis Multi Factor ETF
FDLS
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3597 E. Monarch Sky Lane, Suite 330 Meridian ID United States of America 83646
- IPO Date
- Aug 24, 2022
- Website
- inspireetf.com
- Similar Companies
- Business
- Inspire Fidelis Multi Factor ETF (FDLS) is an exchange-traded fund that seeks to replicate, before fees and expenses, the performance of the WI Fidelis Multi-Cap Multi-Factor Index, providing investors with exposure to a diversified portfolio of approximately 100 high-quality, biblically aligned companies exhibiting strong value, momentum, and quality characteristics; the fund generally invests at least 80% of its total assets in securities meeting multi-factor criteria, including companies with market capitalizations of at least $250 million, comprising a minimum 40% allocation to large-cap stocks and up to 60% in small- or mid-cap stocks, while applying sector and industry diversification rules. FDLS employs Inspire Investing LLC's proprietary Inspire Impact Score methodology, which integrates a faith-based screening process to select companies deemed blessings to their customers, communities, workforce, and society, alongside traditional factor-based scoring for quality (profitability, financial stability, growth), value (price-to-value ratios, dividends, volatility), and momentum (price strength, EPS revisions); the fund targets the mid-cap blend segment with global equity exposure, primarily U.S. stocks (approximately 86-87%), supplemented by non-U.S. holdings (around 13%). Launched on August 23, 2022, and domiciled in the United States as part of Northern Lights Fund Trust IV, FDLS is managed by Inspire Investing LLC, headquartered in Boise, Idaho, with a net expense ratio of 0.85% and assets under management surpassing $100 million as of August 2025. In recent developments, FDLS celebrated its three-year anniversary in August 2025, achieving a 4-star Morningstar rating for the three-year period as of August 31, 2025 (out of 381 mid-cap blend funds), followed by an upgrade to a prestigious 5-star Overall Morningstar Rating for the three-year period ending November 30, 2025 (top decile out of 582 small blend funds), underscoring its competitive risk-adjusted performance in the faith-based investing space. The ETF operates within Inspire Investing's broader platform of nine faith-aligned ETFs managing over $2.1 billion in assets as of June 30, 2025, with the firm recognized multiple times by FA Magazine, The Financial Times, and Inc. 5000 for rapid growth; no major acquisitions, partnerships, or structural changes specific to FDLS have been reported in the last 1-2 years, though Inspire continues expanding its biblically responsible investing offerings through the Give50 Program, donating at least 50% of net corporate profits from management fees to global ministries.