Unusual Subversive Dticker NANC ETF (NANC)
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NANC Chart
NANC: Political Alpha Hypothesis Meets Structural Flaws
NANC's methodology tracks Democratic Congress trades, but reporting lags and a lack of structural alpha limit its edge. Portfolio composition is similar to the S&P 500, with higher top-10 concentration and vulnerability to idiosyncratic, high-turnover bets. Performance outperformance versus the S&P 500 appears accidental and not driven by political insight; future returns are unpredictable.
NANC: Time Lags Make Good Potential Too Risky
NANC ETF leverages trades by Democratic Congress members but suffers from time lags, making it risky. The ETF has a high expense ratio of 0.74% and a low dividend yield of 0.22%, making it costly compared to SPY. NANC's aggressive asset allocation, with 37.58% in technology and top 10 holdings comprising 47.15% of the portfolio, increases its risk profile.
This Innovative ETF Lets You Follow Democrat Politicians' Trades | NANC ETF
Fund managers sometimes struggle to outperform the S&P 500 Index, and often tout their previous year's record when sometimes exceeding it by 5% or so.
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Unusual Subversive Dticker NANC ETF Profile
| BATS Exchange | US Country |
Overview
The fund is a groundbreaking exchange-traded fund (ETF) that operates with an active management strategy. Distinctly, it targets equity securities of publicly listed companies. What sets this ETF apart is its investment criterion, which is uniquely influenced by the investment choices of current Democratic members of the United States Congress as well as their family members. These investments are public knowledge, revealed through mandated disclosures according to the Stop Trading on Congressional Knowledge Act (STOCK Act). This legislative act requires Congresspersons to publicly disclose their investments, aiming to foster transparency and mitigate conflicts of interest. The fund leverages these disclosures to inform its investment strategy, attempting to capitalize on the foresight and insider knowledge implied by the investment decisions made by these political figures and their families.
Products and Services
- Actively Managed Diversified ETF
This product is the cornerstone offering of the fund, embodying a sophisticated investment vehicle that seeks to provide its investors with a unique market advantage. By focusing on equity securities that have been selected by sitting Democratic members of the United States Congress and/or their families, this ETF harnesses the potential insight and foreknowledge contained within these picks. The active management component implies that the fund's holdings are continuously evaluated and adjusted based on the latest public disclosures, market trends, and investment strategies, aiming to optimize returns for the investors.
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