Faith Investor Services Launches the 1st Active, Biblically Responsible, Risk-Managed ETF

Rhea-AI Summary

Faith Investor Services has launched the FIS Biblically Responsible Risk Managed ETF, the first active ETF that combines biblical values with risk management, listed on the New York Stock Exchange under the ticker PRAY. This strategy aims to align investments with Christian morals while providing exposure to the global stock market. Managed by Capital Insight Partners, the ETF employs ethical screening to exclude companies involved in controversial sectors. This marks FIS's second ETF offering, following the Knights of Columbus Global Belief ETF (KOCG) launched in July 2021.

Positive

• Launch of the first active biblically responsible ETF, enhancing investment options for faith-driven investors.
• Risk management approach allows adjustment of exposure to cash instruments during market volatility.
• Ethical screening process aligns investments with Christian values, excluding companies in controversial sectors.

Negative

• Limited operating history for the new ETF could present risks for investors.
• Active management may lead to underperformance compared to benchmarks.

Innovative faith-based ETF issuer continues commitment to developing unique investment vehicles for religious investors

DALLAS--(BUSINESS WIRE)-- Faith Investor Services, LLC, (“FIS”) and Capital Insight Partners, LLC, (“CIP”) are pleased to announce the launch of the FIS Biblically Responsible Risk Managed ETF, the first-ever active, biblically responsible, risk-managed exchange-traded fund. This ETF is listed on the New York Stock Exchange (Ticker: PRAY). In order to help mitigate overall volatility, PRAY has the ability to adjust its exposure to short-term cash instruments as market conditions warrant. CIP serves as the sub-adviser, with a team of four seasoned portfolio managers who understand the importance of aligning investments with faith-driven values.

“While biblically responsible investing has existed for decades, there has not been a truly active strategy that offered built-in risk mitigation until now,” says FIS CEO Mike Skillman. “This is critical in order to give Christians a way to invest without having to compromise their faith or take unnecessary risk. Through PRAY, our investors can know they’re making a financial decision in alignment with their Christian morals, while potentially navigating turbulent market environments.”

Biblically responsible investing (“BRI”) refers to a faith-driven investment strategy that seeks to invest in companies whose values and actions align with those of Christianity. PRAY is actively managed by CIP’s team of experienced portfolio managers, both in seeking sound investments and adherence to biblical values. PRAY provides all-cap, global stock market exposure.

Before an investment is added to the portfolio, CIP conducts ethical screening as well as quantitative and qualitative analysis to ensure that the company’s business practices do not conflict with Christian values. The active screening process omits companies that profit from abortion, as well as those that produce weapons of mass destruction, adult entertainment, gambling software, and alcohol and tobacco products. CIP is led by Steve Nelson, CFA, a devoted Christian and portfolio manager with 35 years of investment experience.

“Capital Insight Partners is humbled to serve clients with a strong interest in faith-based investing,” says Nelson. “The launch of this risk-managed ETF takes our capabilities further and introduces a new investment vehicle to the broad Christian community. We feel companies that serve the greater good are more likely to prosper and grow sustainably over the long term. CIP believes in the efficacy of biblically responsible investing, so we’re grateful for this opportunity to work with a firm like Faith Investor Services that adheres to the same ethical principles.”

PRAY will be FIS’ second faith-based ETF offering. Their first, the FIS Knights of Columbus Global Belief ETF (NYSE: KOCG), launched in July 2021 and is sub-advised by the Knights of Columbus Asset Advisors (KoCAA). KOCG is managed in accordance with the investment guidelines set by the United States Conference of Catholic Bishops.

To learn more, visit www.faithinvestorservices.com.

About Faith Investor Services

Faith Investor Services, LLC, is an exchange-traded fund provider dedicated to delivering pure-play, faith-based ETFs that offer investors access to investments that align with their religious beliefs.

About Capital Insight Partners

Capital Insight Partners, LLC, of Scottsdale, Arizona, is a global multi-asset-class portfolio manager serving high-net-worth families, corporate retirement plans and institutions. CIP also serves as a separately managed account (SMA) institutional manager for other financial advisors and their clients. More information is available at www.cipinvest.com.

Carefully consider investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the PRAY or KOCG Prospectus available at www.faithinvestorservices.com. Read all materials carefully before investing.

Investing in ETFs involves risk and there’s no guarantee of principal. There is no guarantee the Funds’ investment strategies will be successful and you can lose money on your investment in the Funds. Shares may trade at a premium or discount to their NAV in the secondary market. The Funds is new and has limited operating history to judge.

Market Risk. The prices of securities held in an ETF may decline in response to certain events taking place around the world, including those directly involving the companies whose securities are owned; conditions affecting the general economy; overall market changes; local, regional, or global political, social or economic instability; and currency, interest rate and commodity price fluctuations. Foreign and Emerging Markets Risks. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid, and more volatile than securities markets in more developed markets. Active Management Risk. ETFs that are actively managed make investment decisions based on investment views of the adviser. There is no guarantee that the investment views will produce the desired results or expected returns, which may cause an ETF to fail to meet the stated investment objective or to underperform the benchmark index or funds with similar investment objectives and strategies. Catholic/Christian Values Investing Risk. ETFs that consider values in the investment process may choose not to purchase, or may sell, otherwise profitable investments in companies. This means that the values-based ETFs may underperform other similar funds that do not consider the stated values when making investment decisions.

The investment adviser, FIS and the sub-adviser, CIP, have limited experience managing a registered fund, so there is no long-term track record against which an investor may judge their ability to achieve the intended investment objectives.

ETFs are distributed by Foreside Fund Services, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220208005159/en/

Media:

Trevor Davis, Gregory FCA for Faith Investor Services

443-248-0359

trevor@gregoryfca.com

Source: Faith Investor Services

FAQ

What is the FIS Biblically Responsible Risk Managed ETF?

It is the first active ETF that combines biblical values with risk management strategies, listed under the ticker PRAY.

When was the FIS Biblically Responsible ETF launched?

The ETF was launched recently as part of Faith Investor Services' commitment to faith-based investing.

How does the ETF manage risk?

It adjusts exposure to short-term cash instruments based on market conditions to mitigate overall volatility.

What ethical considerations does the ETF apply?

The ETF excludes companies involved in abortion, weapons production, adult entertainment, gambling, and tobacco.

What is the performance history of the Knights of Columbus Global Belief ETF (KOCG)?

KOCG was launched in July 2021 and adheres to investment guidelines set by the U.S. Conference of Catholic Bishops.