Performance and holdings discussed were as of January 18, 2018, and are no guarantee of future results. Current holdings and standardized performance are available at the Fund Summary page.
The Politically Responsible Investing® strategy is an innovative strategy developed by Point Bridge Capital that allows individuals to invest in companies that support their Republican political ideology. Money matters in politics, affecting elections and the creation of policy in Washington. Corporations continue to take political stances and actions that ignore the political beliefs and shared values of millions of Americans. The left is using corporate America to silence conservatives and promote their agenda. While some people have boycotted companies with whom they disagree, they remain invested in these companies in their mutual funds and stock portfolios. We have created the MAGA ETF as a solution to these issues. The Point Bridge GOP Stock Tracker ETF, also known as the MAGA ETF (ticker: MAGA), incorporates our Politically Responsible Investing® strategy to go beyond product protest and persist in an ever-changing political and financial climate. Investing in the MAGA ETF allows people to invest in companies that align with their Republican political beliefs.
The MAGA ETF is an Exchange-Traded Fund (ETF) that is designed to track the Point Bridge GOP Stock Tracker Index (“MAGA Index”), an equal-weight custom index. The MAGA Index selects the top 150 companies from the S&P 500 Index whose employees and political action committees (PACs) are highly supportive of Republican candidates. Using a rules-based methodology, the 150 companies are selected based on the political contributions of the company PACs and employees during the previous two election cycles. The MAGA Index is rebalanced every quarter, and it is reconstituted each June following an election. The Index is the first in the Politically Responsible Investing® series from Point Bridge Capital.
Point Bridge Capital is an SEC-registered investment advisor based in Fort Worth, Texas, serving as the fund advisor for the ETF. Point Bridge Capital was established in 2013 by Hal Lambert and manages assets for high-net-worth clients.
YTD Performance through 9/30/2019: Market 17.83% NAV 17.37%
1 Year Performance through 9/30/2019: Market -1.44% NAV -1.36%
Since Inception Performance through 9/30/2019: Market 5.93% NAV 5.88%
Performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than performance data quoted. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than original cost. Total annual operating expenses are 0.72%. For most recent month-end performance, click here
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.
Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.