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Truth Social God Bless America ETF in registration
This is just a reorganization of the God Bless America etf, Y'ALL. It's being moved from Tidal Trust I to Truth Social Funds trust. (One can guess whose fingers are all over the latter, but I'm not researching it.)
The fund's investment policy seems designed for show: watch what companies say, not what they do.
The Sub-Adviser considers a political statement unrelated to a company’s business if there is no meaningful nexus between the statement and the company’s primary business activity (e.g., companies that issue press releases in response to U.S. Supreme Court rulings that do not directly relate to a company’s primary business activity). In evaluating a company’s political activity, the Sub-Adviser will not consider a company’s internal policies regarding employee relations nor its political or charitable donation practices.
That explains how Costco could still be one its top ten holdings (4.5%).
Costco has held firm. When a right-wing advocacy group demanded an end to the company’s DEI policies, more than 98 percent of shareholders voted against the proposal.
The fund has already been around since Oct 10, 2022. While the investment adviser is changing from Tidal Investments LLC to Yorkville America Equities LLC, the main task of the investment adviser is to select and oversee the day-to-day subadviser. That was, and remains, Curran Financial Partners. Likewise, the actual managers (Messrs. Curran, Venuto, and Ragauss) survive the reorganization.
As the predecessor fund (i.e. the fund being reorganized) has been around for over three years, I don't see much reason why the fund should not continue to exist for at least another three. Well, there is the fact that while it got off to a good start (1st percentile in 2023, 3rd percentile in 2024), it has floundered a bit in the current administration (68th percentile in 2025 and 79th percentile YTD). But in terms of raw numbers, it hasn't underperformed by much in those years.
"Nobody has ever launched an ETF like this. People are lining up to buy it, saying 'Sir, this is amazing, how did your team come up with such spiritual brilliance and investing jenius?'" [accordion hands]
I'm not quite clear on what you mean by an ETF "like this". If you mean a fund that screens not on what a company does but what it says (even if it does the opposite), then I agree that AFAIK there aren't other funds like this.
If you mean funds that inject politics in a fundamental way into security selection, then there's also NANC (Nancy) and GOP (Republican) that track Congressional trades, and DEMZ and MAGA that screen based on actual support (not just talk) that companies give to democratic and republican politicians respectively.
There are also the five Truth Social ETFs that were actually launched by Truth Social rather than acquired. Those were launched a month ago.
Still, it is fun to laugh at the idea of a fund that screens based on a company's PR statements. Regardless of whether one agrees or disagrees with the bias of the screen.
I'm not quite clear on what you mean by an ETF "like this". If you mean a fund that screens not on what a company does but what it says (even if it does the opposite), then I agree that AFAIK there aren't other funds like this.
If you mean funds that inject politics in a fundamental way into security selection, then there's also NANC (Nancy) and GOP (Republican) that track Congressional trades, and DEMZ and MAGA that screen based on actual support (not just talk) that companies give to democratic and republican politicians respectively.
There are also the five Truth Social ETFs that were actually launched by Truth Social rather than acquired. Those were launched a month ago.
Still, it is fun to laugh at the idea of a fund that screens based on a company's PR statements. Regardless of whether one agrees or disagrees with the bias of the screen.
Boy you read waaaay too deeply into that! I was parodying Dear Leader's tendency to use lies and especially hyperbole when promoting something. "Nobody's ever seen it before....." is his constant rhetorical boast, which *I* usually take to mean "he's never seen it before...."
Sorry, I've got my head in too many statements and tax forms right now (friends and family as well as my own). Totally missed what I should have seen as an obvious parody.
Sorry, I've got my head in too many statements and tax forms right now (friends and family as well as my own). Totally missed what I should have seen as an obvious parody.
I hear ya, same. If there's one thing that should've been DOGE'd it's the tax code and tax policy. It's insanity....
its clearly marketing, as the etf itself should be analyzed as any other (high fee closet indexer, etc...)
by the way, some groups pay trump marketing rights, and some have paid trump to remove previous marketing rights (most notably in trump-named residential real estate) in order to salvage baseline value. and grift always taking the better of ego, trump took their money in all cases.
many here will recall the wave of anti-ESG funds. that's right, funds that can\will filter out companies on the basis of good governance. enough said.
Comments
The fund's investment policy seems designed for show: watch what companies say, not what they do. That explains how Costco could still be one its top ten holdings (4.5%). https://www.upstateamerican.com/p/how-costco-reveals-trumpisms-vulnerability
Just what I've been waiting for !!!
As the predecessor fund (i.e. the fund being reorganized) has been around for over three years, I don't see much reason why the fund should not continue to exist for at least another three. Well, there is the fact that while it got off to a good start (1st percentile in 2023, 3rd percentile in 2024), it has floundered a bit in the current administration (68th percentile in 2025 and 79th percentile YTD). But in terms of raw numbers, it hasn't underperformed by much in those years.
If you mean funds that inject politics in a fundamental way into security selection, then there's also NANC (Nancy) and GOP (Republican) that track Congressional trades, and DEMZ and MAGA that screen based on actual support (not just talk) that companies give to democratic and republican politicians respectively.
There are also the five Truth Social ETFs that were actually launched by Truth Social rather than acquired. Those were launched a month ago.
Still, it is fun to laugh at the idea of a fund that screens based on a company's PR statements. Regardless of whether one agrees or disagrees with the bias of the screen.
https://patriotdepot.com/collections/trump-collection
That doesn't sound, like, divisive or (per @Sven) fleecing the flock or anything !
its clearly marketing, as the etf itself should be analyzed as any other (high fee closet indexer, etc...)
by the way, some groups pay trump marketing rights, and some have paid trump to remove previous marketing rights (most notably in trump-named residential real estate) in order to salvage baseline value.
and grift always taking the better of ego, trump took their money in all cases.
many here will recall the wave of anti-ESG funds.
that's right, funds that can\will filter out companies on the basis of good governance.
enough said.