This is an actively managed equity ETF that does not track a specific index. Instead, the management team directly selects stocks that pass biblical value criteria. Most of its net assets are allocated to companies that meet biblically responsible investing standards.

It suits long-term investors who want U.S. and global equity exposure that reflects faith- and values-based screening.

It is an ETF run with an active management approach by FIS Trust.

The management team selects domestic and international common stocks and depositary receipts that meet Christian value criteria, pursuing long-term capital growth together with income. Apart from cash-equivalent assets, most of the portfolio is invested in stocks that have passed the value criteria.

• Stock screening based on biblical values
• Active selection at the management team's discretion

Assets under management (AUM) stand at $74.7M, and the total expense ratio is 0.69% per year.

Compared with BIBL and BLES in the same faith-based category, the structural difference is its actively managed selection approach.

Performance depends on the movements of the individual stocks held and on the management team's selections, and its returns relative to the broad market show volatility that varies over time. Because of faith-based screening, some sector weightings may differ from the market.

Inflows are driven by demand for values-based investing, and the faith- and values-themed ETF category is relatively small compared with broad core ETFs. Fund flows are affected by both market conditions and investor interest in the theme.

Values-based screening and active selection are its strengths, while the higher fees typical of active management and its relatively small size are factors to consider.

The three funds shown together in the table, FWD, INFL, and FEOE, share the same active management approach but cover different themes such as innovation, inflation, and international stocks, so their fees and strategic focus differ. By contrast, the direct comparisons with the same faith-based purpose are BIBL and BLES, two products from the Inspire family, which apply biblical screening on an index basis. You can also look at WWJD, which emphasizes dividends, and RISN, which offers bond exposure.

Here are the points to review before investing in PRAY. Since this is a faith-based active product, it is wise to check the screening criteria, management approach, costs, size and liquidity, and currency exposure in advance.

Active selection and value screening may cause performance to diverge from the market, and as a thematic ETF, its size and liquidity may be more limited than those of core ETFs. The results of individual stock selection are reflected directly in performance.

This is an active ETF suited to long-term investors who want to reflect faith and value criteria in their investments. If you prefer index-based faith products, consider the BIBL and BLES family; if you want active selection, you can consider this product.