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Launched

Inspire Fidelis Multi Factor ETF

FDLSNYSE ArcaInspireD

$40.84−0.39 (−0.93%)

As of Nov 2, 2026, 3:59 PM ET

D29/ 100

Rank 93 of 99 in US Multifactor

D29/100Rank 93 of 99inUS Multifactor
Intraday session: down, 79 prints from 41.22 to 40.84. Range 40.84 to 41.59. Use the arrow keys to read each point.41.0041.4041.6010 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$259M
1Y total return
+20.0%
Yield · Last 12 months
0.85%
Holdings
102
Avg volume · 30D
30.5K sh
52W range
low $33.37high $44.01
Launched

The ETF.net FDLS Grade

Based on 5 of 6 pillars

D

Score 29 out of 100

Category
US Multifactor⁠
Rank
93 of 99
Six-pillar profile for FDLS. Scores out of 100: Cost 7, Risk 41, Mission not scored, Tradability 32, Holdings 70, Durability 39. Strongest: Holdings (70). Weakest: Cost (7). Based on 5 of 6 pillars.

Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 91 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 59 of 99

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D32 out of 100
    Rank 73 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 28 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 74 of 99

Our read on FDLS

ETF.net Research

In short

DA multi-cap, multi-factor index fund from a boutique shop, priced at 0.66% a year. Launched in 2022, it fishes across the whole size ladder rather than parking in mega-caps like most factor funds do.

Stated mandate

The Fund seeks its investment objective through a policy requiring, under normal market conditions, that at least 80% of net assets be invested directly or indirectly in specified investments.

Why people hold it

  • Charges 0.66% a year, meaningfully below the median for the funds it's graded against. Modest pricing for a rules-based factor blend from a small issuer.
  • Rules first. It tracks the WI Fidelis Multi-Cap, Multi-Factor Index, so what lands in the portfolio comes from a published rulebook rather than a manager's hunch.
  • Multi-cap by design: small and mid caps sit beside large caps, a wider net than the large-cap-only factor funds that dominate the shelf.
  • Despite the small nameplate, it grades out in the upper tier of its peer group, with the portfolio itself among the sturdier pieces of the picture.

Worth knowing

  • Thinly traded. Spreads can widen, and the price on a market order can sit further from the fund's underlying value than it would on a heavily traded ETF.
  • Assets are in the small-fund range. Smaller funds run with less cushion and carry more closure or merger risk than the giants.
  • It gets graded next to options-income strategies, but the mandate here is plain equity factor exposure: no options premium, no capped upside. Payouts come quarterly.

FDLS Performance

Launched Aug 23, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
FDLS$11,998
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FDLS $11,998. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDLS. Periods over one year show the average yearly return.
PeriodFDLS
Year to date+16.1%
1 month+0.1%
3 months−2.4%
1 year+20.0%
3 yearsper year+21.8%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDLS
YearReturn barFDLS
2026 YTD+16.1%
2025+22.4%
2024+7.4%
2023+20.7%
2022−1.7%

History from Aug 24, 2022

FDLS in the news

FDLS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.85%Last 12 months
Payout per share
$0.35Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 17 payments from 2022 to 2026 YTD. Sep 23, 2022 $0.02; Dec 14, 2022 $0.06; Mar 27, 2023 $0.05; Jun 23, 2023 $0.08; Sep 22, 2023 $0.03; Dec 14, 2023 $0.12; Mar 27, 2024 $0.07; Jun 25, 2024 $0.08; Sep 25, 2024 $0.08; Dec 16, 2024 $1.91; Mar 27, 2025 $0.05; Jun 26, 2025 $0.10; Sep 26, 2025 $0.06; Dec 17, 2025 $0.10; Mar 27, 2026 $0.09; Jun 26, 2026 $0.09; Sep 25, 2026 $0.07. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Oct 1, 2026$0.07
Jun 26, 2026Jul 1, 2026$0.09
Mar 27, 2026Apr 1, 2026$0.09
Dec 17, 2025Dec 24, 2025$0.10
Sep 26, 2025Oct 1, 2025$0.06
Jun 26, 2025Jul 1, 2025$0.10
Mar 27, 2025Apr 1, 2025$0.05
Dec 16, 2024Dec 23, 2024$1.91
Sep 25, 2024Oct 2, 2024$0.08
Jun 25, 2024Jul 2, 2024$0.08
Mar 27, 2024Apr 2, 2024$0.07
Dec 14, 2023Dec 20, 2023$0.12

See all 17 payments⁠

$10,000 in FDLS 3 years ago paid $1,078 in dividends.⁠

FDLS Risk

Risk pillarC41 out of 100Rank 59 of 99 in US Multifactor
How much the fund’s monthly returns vary, scaled to a year.
16.4%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.02
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.3%
50 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FDLS Cost

Compare FDLS and VYM

Overpaying vs VYM, tied cheapest in US Multifactor

$12,047

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDLS 0.66%

    $12,896

  • VYM 0.04% Tied cheapest

    $849

$10,000
30 years

Cost over time

  • FDLS 0.66%
  • VYM 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FDLS $12,896VYM $849

Year by year

YearFDLSVYMOverpaying
10$1,180$73$1,107
20$4,504$288$4,216
30$12,896$849$12,047

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