After managing a multi-cap, multi-factor, faith-based, separate account composite for over 10 years, Wallick Institutional of Wallick Investments, LLC has launched the WI Fidelis Multi-Cap Multi-Factor Index.
It is now licensed and replicated by Inspire Investing, the world’s largest provider of biblically responsible ETFs, for the Inspire Fidelis Multi-factor ETF (FDLS) now trading on the New York Stock Exchange.
WI Fidelis Multi-Cap Multi-Factor Index performance as reported by Solactive.com for April 1, 2022 to August 30, 2022 was -6.12 per cent. As a general reference, the S&P 500 Index performance as reported by S&P Dow Jones Indices for April 1, 2022 to August 30, 2022 was -12.01 per cent.
The firm writes that integrating Inspire Investing’s revolutionary faith-based impact scores with a multi-factor-based methodology for equity selection, this WI Fidelis Index provides investors with a benchmark meeting certified Biblically Responsible Investing (BRI) standards that also incorporates factor-based equity selection, which is a selection strategy lauded by numerous professional white papers (www.WIFidelisIndex.com/research). The WI Fidelis Index is structured to be the new standard for benchmarking diversified faith-based investments, the firm says.
This Index tracks the performance of the 100 stocks which rank the highest within their market cap and sector based on WI Fidelis Index’s factor-based methodology. This methodology is designed to provide access to high quality companies (based on 16 sub-factors including a positive faith-based social impact score) with market caps greater than USD250 million that also have value (based on eight sub-factors including low volatility and higher dividend yield) and momentum (based on seven sub-factors including positive earnings per share trend) characteristics. WI Fidelis Index securities are equally weighted with rebalance and reconstitution occurring quarterly.
“This Index’s ‘multi-dimensional diversification benefits’ make it an ideal Index to benchmark diversified factor-based equity performance,” says Dan Wallick, CIO, Wallick Investments.
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