FIS Bright Portfolios Focused Equity ETF Reorganization Approved by Shareholders

Shareholder Meeting Overview

Earlier today, the special meeting of shareholders of the FIS Bright Portfolios Focused Equity ETF, listed on the NYSE under the symbol BRIF, brought forth significant news concerning the structure of the fund. The meeting focused on an Agreement and Plan of Reorganization, which has received the unanimous support required from the shareholders present.

Proposed Changes and Timeline

Following the approval, the fund is set to undergo a transformation into FIS Trust. This move, sanctioned by the fund's Board of Trustees, underscores a strategic shift designed to enhance the investment structure and provide better service to investors. The reorganization is anticipated to be finalized around February 23, 2026, pending the usual closing conditions that ensure all regulatory standards are met.

One of the noteworthy aspects of this reorganization is that it is expected to be treated as a non-taxable event for shareholders. This classification means that investors will not be liable for any immediate tax implications resulting from the transition. Instead, the changes will be executed based on the relative net asset values of the shares at the time of the transition, ensuring a smooth transition for investor portfolios.

Importance of Shareholder Communication

The communication issued by FIS indicates that this announcement is not an attempt to solicit purchases or sales of the fund’s shares but rather aims to inform shareholders appropriately about the board's decisions. Investors are encouraged to review the details within the future proxy statement/prospectus that the fund will file with the U.S. Securities and Exchange Commission (SEC). This document will contain comprehensive information about voting, and specifics regarding the reorganization.

Expectations Moving Forward

Shareholders and prospective investors are strongly advised to keep abreast of the developments surrounding this significant transition. As the reorganization approaches, reading the final documents that detail the transition will be crucial in understanding how their investments may be affected. Available resources, including the official proxy statement/prospectus, can be found on the SEC's website, allowing investors an opportunity to familiarize themselves with the intricacies of the fund’s new structure.

Advisory Note to Investors

FIS also emphasizes the importance of understanding the investment risks associated with the fund. As with any investment, there is the potential for loss of principal. Therefore, investors should ensure that they critically assess their individual financial situations and objectives before proceeding with investments in BRIF or any newly formed entity like FIS Trust.

The Fund's current performance metrics and additional characteristics can also be reviewed on Faith Investor Services' official website. Investors are encouraged to consult these resources to make informed decisions regarding their investment strategies.

About Faith Investor Services LLC

Based out of Dallas, Texas, Faith Investor Services LLC acts as the investment adviser for the FIS Bright Portfolios Focused Equity ETF. Their commitment to transparency and shareholder value underscores their dedication to the investing community. For further information regarding the fund, prospective investors can call (833) 833-1311 or visit the official website.

As a reminder, the details announced today mark a strategic shift aiming to enhance returns and align closely with investor interests while maintaining regulatory compliance. This transformation aligns with broader industry trends toward more adaptive investment management, providing investors with a proactive structure to navigate evolving market conditions.