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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.67

$175 M

1.00%

$0.18

0.89%

Vitals

YTD Return

3.7%

1 yr return

13.8%

3 Yr Avg Return

2.3%

5 Yr Avg Return

N/A

Net Assets

$175 M

Holdings in Top 10

27.2%

52 WEEK LOW AND HIGH

$17.7
$14.60
$17.75

Expenses

OPERATING FEES

Expense Ratio 0.89%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.67

$175 M

1.00%

$0.18

0.89%

JSTC - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Adasina Social Justice All Cap Global ETF
  • Fund Family Name
    N/A
  • Inception Date
    Dec 08, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Venuto

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objectives by investing the Fund’s assets in a portfolio of global companies whose business practices are aligned with the social justice investment criteria of Robasciotti & Associates, Inc., doing business as Adasina Social Capital (“Adasina” or the “Sub-Adviser”). Adasina seeks to invest the Fund’s assets to achieve returns similar to those of the Adasina Social Justice Index (the “Index”), a data-driven index that is owned and maintained by Adasina, administered by EQM Indexes LLC (“EQM”), a VettaFi Company, and calculated and published by an independent calculation agent. The Fund’s portfolio is expected to consist of all or a representative sample of the securities in the Index.

The Fund is actively managed, and Adasina generally expects to use a “replication” strategy to achieve its investment objectives, meaning it will invest in all of the Index’s component securities. However, the Fund may use a “representative sampling” strategy instead. In doing so, the Fund’s assets will typically be allocated towards a selected group of securities within the Index that is expected to mirror the Index’s overall performance. This approach will only be utilized by Adasina when deemed to be the most advantageous option for the Fund. In addition, if based on new information released since the last reconstitution Adasina determines that a security should be added or removed from the Index at the next reconstitution, the Fund may purchase a security not currently in the Index or sell a security that is currently in the Index. Under stable market conditions, the Fund will invest in at least three countries (one of which may be the United States) and at least 40% of its total assets at the time of purchase in non-U.S. companies. The Fund may engage in active trading of portfolio securities to maintain alignment with its social justice investment strategy which may result in higher portfolio turnover.

Adasina Social Justice Index

The Index is composed of equity securities of companies that possess characteristics that Adasina believes meet the investment criteria for investors concerned with social justice. The Index universe begins with approximately 9,000 publicly-traded U.S. and non-U.S. securities, excluding real estate investment trust (“REIT”) securities. Non-U.S. companies will be U.S. exchange-traded American Depositary Receipts (“ADRs”), if available, provided their liquidity is comparable to locally traded shares. Companies are screened for exclusion from the Index based on Adasina’s social justice investment criteria. To determine these criteria, Adasina works closely with social justice organizations to build new and identify existing data sets that represent the issues most directly affecting their communities and uses this community-sourced data to establish the standards regarding social justice criteria considered in the Index. Index criteria and considerations fall into the following five categories:

Racial Justice The Racial Justice criteria aim to uproot systems that reinforce, perpetuate, and exacerbate racial inequities. Adasina evaluates companies to determine whether they participate in, or benefit from, those unjust systems. This includes companies that Adasina has determined: are involved in the ownership, operation, management, labor sourcing, funding, and service of prisons and immigrant detention centers; provide or facilitate money bail services; participate in citizen and immigrant surveillance; operate for-profit colleges; are involved in state violence and human rights violations as a result of military occupations; fail to support Indigenous Peoples’ rights; fail to support local communities’ rights; make contributions to political campaigns that oppose civil and voting rights legislation; or do not implement diversity policies or programs to increase workforce diversity.
Gender Justice The Gender Justice criteria aim to ensure safe and fair opportunities for all people, regardless of their gender identity. Adasina evaluates companies to determine whether their policies and practices support gender equity and LGBTQ+ equality. This includes companies that support restricting reproductive rights, maintain policies that enable serial sexual harassment, fail to offer equal and fair employment opportunities to women and members of the LGBTQ+ community, or lack equitable gender representation in leadership.
Economic Justice The Economic Justice criteria aim to create a fair and equitable financial future for all people and communities. Adasina evaluates companies to determine whether they deal fairly with the public and their employees. This includes companies that pay subminimum wages to employees or excessive executive wages; fail to ensure the elimination of forced labor and child labor in their supply chains; maintain poor working conditions, fail to ensure adequate worker protections and rights; or provide predatory financial products and services.
Climate Justice The Climate Justice criteria aim to advance the goals of environmental sustainability in partnership with social justice movements. Adasina evaluates companies to determine whether they significantly contribute to climate change, lack environmentally sustainable practices, or negatively impact air and water quality. This includes companies that: are involved in fossil fuel production, refining, and extraction; fund the fossil fuel industry; engage in the most harmful aspects of extractive agriculture; engage in excessive energy usage; significantly contribute to deforestation; fail to effectively manage carbon emissions; engage in mining; fail to effectively manage waste; or generate significant air pollution or other environmental hazards, which Adasina has determined disproportionately impacts economically disadvantaged communities and people of color.
Movement Aligned The Movement Aligned criteria takes direction from a variety of causes that advance social equity and the welfare of people and the planet. The Index seeks to exclude companies that Adasina has determined negatively impact animal welfare and human safety, as well as companies that lack adequate corporate accountability. This includes companies that Adasina has determined: have poor animal welfare practices; produce or sell fur and leather products; engage in non-medical animal testing; produce, distribute, or derive substantial revenue from tobacco products; provide significant financial support to socially conservative institutions; fail to maintain adequate protections for customer data and security; have poor accounting, management, or other corporate governance practices; or produce products with a substantially negative social impact, including the manufacture or sale of weapons or firearms.

The Index comprises common stocks of domestic and foreign issuers, including those in emerging and developing markets. Index constituents may be large-, mid-, or small-capitalization companies. Additionally, companies included in the Index must be exchange-listed and must meet certain minimum liquidity requirements.

Securities in the Index are optimization weighted based on market-capitalization. The Index is rebalanced and reconstituted semi-annually, effective on the last trading day of November and May. As of November 30, 2023, the Index was composed of 650 constituents, representing investments in 37 countries.

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JSTC - Performance

Return Ranking - Trailing

Period JSTC Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -35.6% 29.2% 45.30%
1 Yr 13.8% 17.3% 252.4% N/A
3 Yr 2.3%* -3.5% 34.6% N/A
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period JSTC Return Category Return Low Category Return High Rank in Category (%)
2023 14.4% -24.3% 957.1% N/A
2022 -18.3% -38.3% 47.1% N/A
2021 18.1% -54.2% 0.6% N/A
2020 N/A -76.0% 54.1% N/A
2019 N/A -26.1% 47.8% N/A

Total Return Ranking - Trailing

Period JSTC Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -35.6% 29.2% 30.09%
1 Yr 13.8% 11.4% 252.4% N/A
3 Yr 2.3%* -3.5% 34.6% N/A
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period JSTC Return Category Return Low Category Return High Rank in Category (%)
2023 15.7% -24.3% 957.1% N/A
2022 -17.6% -33.1% 47.1% N/A
2021 19.3% -44.4% 1.8% N/A
2020 N/A -6.5% 54.1% N/A
2019 N/A -14.4% 47.8% N/A

JSTC - Holdings

Concentration Analysis

JSTC Category Low Category High JSTC % Rank
Net Assets 175 M 199 K 133 B 82.13%
Number of Holdings 651 1 9075 4.19%
Net Assets in Top 10 45.5 M -18 M 37.6 B 92.84%
Weighting of Top 10 27.20% 9.1% 100.0% 99.54%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 10.85%
  2. Mastercard Inc 2.24%
  3. Hydro One Ltd 2.15%
  4. Visa Inc 2.09%
  5. Roper Technologies Inc 1.74%
  6. Automatic Data Processing Inc 1.71%
  7. Aflac Inc 1.67%
  8. NetApp Inc 1.63%
  9. Graco Inc 1.58%
  10. Danaher Corp 1.53%

Asset Allocation

Weighting Return Low Return High JSTC % Rank
Stocks
99.46% 61.84% 125.47% 19.60%
Cash
11.03% -174.70% 23.12% 77.75%
Preferred Stocks
0.00% -0.01% 5.28% 67.29%
Other
0.00% -13.98% 19.14% 21.04%
Convertible Bonds
0.00% 0.00% 4.46% 63.55%
Bonds
0.00% -1.50% 161.67% 64.87%

Stock Sector Breakdown

Weighting Return Low Return High JSTC % Rank
Utilities
0.00% 0.00% 29.12% 89.87%
Technology
0.00% 0.00% 49.87% 49.78%
Real Estate
0.00% 0.00% 39.48% 70.70%
Industrials
0.00% 0.00% 44.06% 13.44%
Healthcare
0.00% 0.00% 35.42% 33.37%
Financial Services
0.00% 0.00% 38.42% 4.19%
Energy
0.00% 0.00% 21.15% 87.44%
Communication Services
0.00% 0.00% 57.66% 79.41%
Consumer Defense
0.00% 0.00% 73.28% 68.28%
Consumer Cyclical
0.00% 0.00% 40.94% 59.25%
Basic Materials
0.00% 0.00% 38.60% 66.85%

Stock Geographic Breakdown

Weighting Return Low Return High JSTC % Rank
US
62.43% 0.13% 103.82% 49.34%
Non US
37.03% 0.58% 99.46% 41.74%

JSTC - Expenses

Operational Fees

JSTC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.01% 44.27% N/A
Management Fee 0.89% 0.00% 1.82% 89.39%
12b-1 Fee N/A 0.00% 1.00% 8.43%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

JSTC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JSTC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JSTC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 395.00% N/A

JSTC - Distributions

Dividend Yield Analysis

JSTC Category Low Category High JSTC % Rank
Dividend Yield 1.00% 0.00% 3.26% 63.24%

Dividend Distribution Analysis

JSTC Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

JSTC Category Low Category High JSTC % Rank
Net Income Ratio N/A -4.27% 12.65% N/A

Capital Gain Distribution Analysis

JSTC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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JSTC - Fund Manager Analysis

Managers

Michael Venuto


Start Date

Tenure

Tenure Rank

Dec 08, 2020

1.48

1.5%

Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.

Charles Ragauss


Start Date

Tenure

Tenure Rank

Dec 08, 2020

1.48

1.5%

Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.

Rachel Robasciotti


Start Date

Tenure

Tenure Rank

Dec 08, 2020

1.48

1.5%

Ms. Robasciotti founded Robasciotti & Associates, Inc., doing business as Adasina Social Capital (“Adasina”), a registered investment adviser dedicated to transforming wealth into a tool that supports the well-being of people and the planet, in 2004. In 2018, Ms. Robasciotti launched the firm’s Social Justice Investing strategy, which seeks to integrate issues of racial, gender, economic, and climate justice into investment portfolios. Ms. Robasciotti was a founding member of the Women’s Wealth Initiative, a nationwide group of female wealth managers, through which she serves as a role model and creates pathways for women and people of color to enter the finance industry. Prior to founding Adasina, she obtained her Series 7 (General Securities Representative Examination) and Series 66 (Uniform Combined State Law Examination) licenses. She currently serves as Treasurer of the Board of Directors for Resource Generation and, previously, served on the Board of Directors for Horizons Foundation, the Foundation to End Sexual Violence, and the National Center for Lesbian Rights. Prior to these roles, Ms. Robasciotti studied economics at the University of California, Berkeley.

Maya Philipson


Start Date

Tenure

Tenure Rank

Dec 08, 2020

1.48

1.5%

Ms. Philipson joined Adasina in 2006 after forming a connection with the firm through social justice work. In her current role as a partner at Adasina, Ms. Philipson leads the firm’s business strategy and promotes human and social capital development by mentoring the professional growth of employees. In addition, she advances the firm’s vision of a financial services industry that is aligned with movements for racial, gender, economic, and climate justice. Ms. Philipson is a graduate of Antioch College where she earned her degree in Cultural Studies. Prior to joining Adasina, Ms. Philipson was the Chief Financial Officer of a family real estate limited partnership and a financial advisor at Ameriprise. While there, she obtained the Series 7 (General Securities Representative Examination) and Series 66 (Uniform Combined State Law Examination) licenses.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25