Strive Launches Strive 500 ETF (NYSE: STRV), Mandating the Top 500 U.S. Companies to Focus on Excellence Over Politics
20 Septiembre 2022 - 6:10AM
Business Wire
Strive believes that pro-fiduciary shareholder
engagement can positively impact corporate performance
Strive sends shareholder letters to Disney and
Apple in first act of corporate engagement on behalf of STRV
investors
Strive delivers a new mandate to corporate
America: hiring should be based on merit, not social agendas
Strive Asset Management (“Strive”) launches its second index
fund, the Strive 500 ETF (NYSE: STRV, expense ratio: 0.0545%),
which seeks to track the returns of the Solactive GBS United States
500 Index. STRV provides diversified large-cap exposure to
established U.S. corporations at a competitive rate.
Strive, through its approach to proxy voting and shareholder
engagement, aims to unlock value for investors by mandating
companies to focus on maximizing value over all other agendas.
Strive believes that pro-fiduciary shareholder engagement can
positively impact the risk-return profile of a corporation for
investors. Strive’s priority is to serve its clients’ financial
interests without regard to social or political objectives.
“Our message to America’s largest companies is simple: focus on
your mission, not someone else’s social agenda. Hire talent based
on merit over other social factors. We hope to drive positive
change through our shareholder engagement,” said Vivek Ramaswamy,
executive chairman and co-founder of Strive.
Strive sent shareholder letters to Disney and Apple, two of the
world’s largest companies. This follows Strive’s September 6th
shareholder letter to the board of directors of Chevron. These
three companies are included in the holdings of the Strive 500 ETF,
and all three letters are available on www.strive.com.
The Solactive GBS United States 500 Index highlights the largest
500 companies in the U.S. stock market and is based on the
Solactive Global Benchmark Series. Constituents are selected based
on company market capitalization and weighted by free-float market
capitalization. The index is calculated based on price return in
USD and is reconstituted quarterly. The benchmark does not pursue
any environmental, social, governance (ESG) objectives, nor does it
align with the objectives of the Paris Agreement. Investors can
learn more at www.strivefunds.com/strv.
About Strive Asset Management
Strive is an Ohio-based asset management firm whose mission is
to restore the voices of everyday citizens in the American economy
by leading companies to focus on excellence over politics. Strive
will compete directly with the world’s largest asset managers by
launching funds that advance “Excellence Capitalism” in boardrooms
across corporate America. The company was co-founded by Vivek
Ramaswamy and Anson Frericks in 2022. Learn more at
www.strive.com.
IMPORTANT INFORMATION
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call 855-427-7360 or visit our website at
www.strivefunds.com. Read the prospectus or summary
prospectus carefully before investing.
Investments involve risk. Principal loss is possible. Large
Capitalization Companies Risk. Large-capitalization companies
may trail the returns of the overall stock market.
Large-capitalization stocks tend to go through cycles of doing
better – or worse – than the stock market in general. Equity
Investing Risk. An investment in the Fund involves risks
similar to those of investing in any fund holding equity
securities, such as market fluctuations, changes in interest rates
and perceived trends in stock prices. The values of equity
securities could decline generally or could underperform other
investments. Index Calculation Risk. The Index relies on
various sources of information to assess the criteria of issuers
included in the Index, including fundamental information that may
be based on assumptions and estimates. New Fund Risk. The
Fund is a recently organized management investment company with
limited operating history. As a result, prospective investors have
a limited track record or history on which to base their investment
decision.
Strive Asset Management, LLC is the sub-adviser for the Fund,
and has been given the responsibility to vote proxies related to
the securities held by the Fund, pursuant to its Proxy Voting
Policies and Procedures (Proxy Policy). Information about the
delegation of voting responsibility and Strive’s Proxy Policy can
be found in the Fund’s Statement of Additional Information,
here.
Holdings are subject to change. STRV’s current holdings can be
found here.
ESG investing is defined as utilizing environmental, social, and
governance (ESG) criteria as a set of standards for a company’s
operations that socially conscious investors use to screen
potential investments.
The Strive ETFs are distributed by Quasar Distributors, LLC.
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Media PR for Strive strive@gregoryfca.com
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