FIS Bright Portfolios Focused Equity ETF

FIS Bright Portfolios Focused Equity ETF (BRIF) is an actively managed fund. It holds about 40 to 60 large, mostly US companies, picked through a Christian values screen and a research process its sub-adviser, Bright Portfolios, calls the Common Good Process. Compared with funds that own similar stocks, it stands out for that faith-based screen and a concentrated, tech-heavy portfolio led by NVIDIA and Broadcom. Its 0.66% expense ratio is above the 0.56% average of those funds.

• Over the year to Oct 27, 2026, BRIF returned +24.8%, 3rd of 9 among similar funds.
• Its worst full calendar year was 2025 (+20.1%); its best was 2025 (+20.1%).
• The deepest fall in its price history was 17.2% (Feb 13, 2025 to Apr 8, 2025), recovered by Jun 12, 2025.

As of Jun 30, 2026, the fund held 46 securities; the ten largest made up 42.62% of assets, and 4.49% sat in cash and money-market holdings.

By sector

• Over the three months to Jun 30, 2026, investors added a net $14.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +10.63%, +8.45%, +3.38%.

BRIF does not track an index. Its sub-adviser, Bright Portfolios, LLC, picks the stocks, and the fund is issued by Faith Investor Services LLC. At least 80% of assets go into stocks, mainly of large companies. Every candidate goes through three steps in a fixed order. The first is a values screen. It removes any company that earns revenue from activities the sub-adviser considers at odds with its values, such as those that destroy human life, exploit addiction or financial desperation, or treat people or essential common goods as commodities. There is no minimum threshold, so any revenue from an excluded activity rules a company out. The sub-adviser sets the list of excluded activities and can change it without a shareholder vote.

Next, the sub-adviser scores how each company treats its employees, customers, supply chain, communities and the environment. A low score doesn't rule a company out, but it makes selection less likely. Last, in-house models rate business quality, valuation and earnings momentum (whether profit estimates are rising or falling). Fundamental research then decides whether the manager has enough conviction to buy.

As of June 30, 2026, the fund held 46 stocks, and the top ten made up 42.6% of assets. No single industry may exceed 25%. Stocks can be sold after sharp price swings, weak results compared with peers, or for risk control. The fund can hold up to 10% in cash (4.5% as of June 30, 2026). It uses no leverage, options or derivatives.

• BRIF charges 0.66% a year, versus an average of 0.56% for the similar funds below (7th of 9, cheapest first).
• Of that, 0.65% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $67 in the first year and $822 over 10 years (assuming a 5% annual return).

It is a concentrated, tech-heavy, values-screened stock portfolio with less than two years of history, so it fits better as a smaller sleeve beside broader holdings than as the core of a portfolio.

BRIF could add a values-screened slice of large-company stocks to a portfolio built mainly on broader funds. It launched on December 20, 2024, so it did not exist during the 2008 crisis, the 2020 COVID crash or the 2022 bear market. Its only full calendar year, 2025, returned 19.93%. Its deepest drop was 17.2%, from February 13 to April 8, 2025, and it recovered in about two months, by June 12, 2025. A longer slump could hurt more, especially with about 36% in technology stocks, and that matters for anyone who may need to sell shares in a bad year. Income is small: the yield was 0.42% as of October 27, 2026, paid once a year. In the SEC's standard example, $10,000 would cost about $67 in fees in year one and $822 over 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.