FDLS: Biblical Values ETF With High Fees And Turnover

(6min)

Summary

  • 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.
  • Finally, we can wonder if it is ethical to charge a so high expense ratio for an ETF promoting ethical values.
  • Quantitative Risk & Value members get exclusive access to our real-world portfolio. See all our investments here »

Justice religion and money

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FDLS strategy

Inspire Fidelis Multi Factor ETF (NYSEARCA:FDLS) was launched on 8/23/2022 and tracks the WI Fidelis Multi-Cap, Multi-Factor Index. It has a portfolio of 100 stocks, a 30-day SEC yield of 2.11% and a net expense ratio

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This article was written by

Fred Piard profile picture
15.85K Followers

Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010.

Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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