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The fund is an actively managed diversified large-cap core ETF that dodges investing in companies that are most "hostile" to conservative values.
By Rony Abboud
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According to the weekly Trackinsight ETF Trendometer, the American Conservative Values ETF or ACVF has taken the internet by storm. ACVF is an actively managed diversified large-cap core ETF that dodges investing in companies that are most "hostile" to conservative values. The fund is advised by Ridgeline Research LLC and has Commonwealth Fund Services as administrator.
As of October 31st, 2021, the fund has a 31.2% exposure to Information Technology, followed by Healthcare (13.8%), Financials (11.8%), Consumer Discretionary (10.6%) and Industrials (8.5%).
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Its 389 holdings include Microsoft (7.5%), Nvidia (2.6%), Tesla (2.5%), Adobe (2.3%), Berkshire Hathaway (2.2%) and The Home Depot (2.0%). ACVF boycotts represent approximately 27% of the S&P 500, avoiding companies like Apple, Amazon.com, Alphabet, Meta Platforms (formerly Facebook), JPMorgan Chase, Johnson & Johnson and Bank of America, to name a few.
Since inception on October 29th, 2020, the fund has attracted $30 million of flows and grew to $33.5 million in assets under management. In terms of performance, the ACVF has a slight edge over the S&P 500, generating +26.55% in returns this year vs. the S&P500's +25.3%.
The fund trades on the NYSE Arca and charges an expense ratio of 0.75%.
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