Investment objective & strategy
As of March 13, 2026 · prospectusObjective. The FIS Bright Portfolios Core Bond Fund ETF (the Fund) seeks income generation and capital preservation.
Strategy. The Fund seeks to provide investors with stable income, capital preservation, and long-term risk-adjusted returns through an intermediate-duration bond ladder that invests primarily in high-quality corporate debt issued by companies selected pursuant to the Funds Bright Score methodology which the Bright Portfolios, LLC (the Sub-Adviser) believes contribute to the common good. Under normal circumstances, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes in bonds. The Sub-Adviser uses a laddered structure to create natural reinvestment opportunities, while the Sub-Adviser maintains discretion over duration and sector allocations to adapt to changing economic conditions, yield curve dynamics, and Federal Reserve policy. The Sub-Adviser selects securities that emphasize issuers with financial strength, stable cash flows, and … The Fund seeks to provide investors with stable income, capital preservation, and long-term risk-adjusted returns through an intermediate-duration bond ladder that invests primarily in high-quality corporate debt issued by companies selected pursuant to the Funds Bright Score methodology which the Bright Portfolios, LLC (the Sub-Adviser) believes contribute to the common good. Under normal circumstances, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes in bonds. The Sub-Adviser uses a laddered structure to create natural reinvestment opportunities, while the Sub-Adviser maintains discretion over duration and sector allocations to adapt to changing economic conditions, yield curve dynamics, and Federal Reserve policy. The Sub-Adviser selects securities that emphasize issuers with financial strength, stable cash flows, and a demonstrated positive impact on society, reflecting the Sub-Advisers conviction that investing in the common good enhances portfolio sustainability. Through this approach, the Fund aims to serve as a core fixed income allocation, offering steady income, and alignment with values-driven investing. The debt securities in which the Fund may invest include a mix of government obligations (including U.S., state, and local governments, their agencies and instrumentalities); mortgage- and asset-backed securities; corporate debt securities; repurchase agreements; and other securities (such as U.S. Government Sponsored Enterprises (GSEs)) believed to have debt-like characteristics. The Fund will invest primarily in investment-grade securities. The Sub-Adviser then identifies securities of biblically aligned companies whose products, processes, and priorities align with Christian values and positively impact the world through its Bright Score methodology. The Sub-Adviser strives to construct and maintain a portfolio that avoids investments in companies that manufacture or distribute products or services or otherwise engage in activities that that the Sub-Adviser believes conflict with or are inconsistent with Christian values, such as abortion, embryonic stem cell research/human cloning, human rights violations, pornography, alcohol, tobacco, and/or gambling. The Bright Score methodology utilizes information from third-party research firms when evaluating potential investments. Specifically, the Bright Score methodology refers to one or more lists of companies constructed by third-party research firms containing names of companies that may be of concern to those with Christian values. The Sub-Adviser then conducts its own research on the policies and practices of a company before determining whether it believes the company conflicts with Christian values. The portfolio managers anticipate that the security selection process will identify approximately 30 to 50 companies for inclusion in the Funds portfolio. The Sub-Adviser seeks to identify biblically aligned companies. If, through its screening process, the Sub-Adviser determines that a companys activities conflict with biblically aligned companies, the company will be excluded from consideration for investment by the Fund. The Sub-Adviser also conducts ongoing monitoring of companies held in the Funds portfolio to assess whether they continue to meet the Funds requirements regarding biblically aligned companies. If the Sub-Adviser determines that a portfolio company no longer meets these requirements, the Sub-Adviser will evaluate the position and may seek to sell or otherwise exit the investment within a reasonable period of time, taking into consideration market conditions and the best interests of the Fund and its shareholders. The Fund may engage in active and frequent trading of portfolio securities in implementing its principal investment strategies.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| REVVITY INC | — | $276.40K | 1.06% |
| AVERY DENNISON | — | $275.77K | 1.05% |
| DCP MIDSTREAM OP | — | $275.59K | 1.05% |
| LENNAR CORP | — | $273.52K | 1.04% |
| TRIMBLE INC | — | $273.08K | 1.04% |
| ALLSTATE CORP | — | $272.95K | 1.04% |
| HUNTINGTON BANCS | — | $272.34K | 1.04% |
| GENUINE PARTS CO | — | $272.13K | 1.04% |
| VERISK ANALYTICS | — | $272.06K | 1.04% |
| GENUINE PARTS CO | — | $271.77K | 1.04% |
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD TARGET MATURITY 2036 CORPORATE BOND ETF · VBCJ | 6% | 0.08% |
| GMO Systematic Investment Grade Credit ETF · INVG | 6% | 0.25% |
| First Trust Intermediate Duration Investment Grade Corporate ETF · FIIG | 5% | 0.49% |
Footnotes
- Expense ratio as of March 13, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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