VOXP, the Vox Populi ETF, seeks exposure to a novel estimate of public sentiment: a "voice of the people" collected by inviting the public to express their case-by-case satisfaction, via ratings and polls, with the companies impacting their lives. You can vote here now.
VOXP aims to align public interests and investor interests. With increasing public participation, and transparent and intuitive statistical aggregation, we believe our trading signal can become a fair, reasonable and nearly real-time estimate of public preferences. We believe investments aligned with these estimates may provide long-term capital appreciation and may also incentivize corporations to consider public interests more explicitly.
The Vox Populi ETF is a long-only, diversified equity fund. VOXP has limited active stock positions over and under a market cap-weighted benchmark portfolio of the 450-550 or so largest firms publicly listed on one or more major U.S. national securities exchanges, as determined on the basis of their free float market capitalization (the "Investable Universe"). VOXP is actively rebalanced in accordance with significant fluctuations in our sentiment-based signal.
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Performance data shown represents past performance and is no guarantee of, and not necessarily indicative of future results. Total return and value will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. Returns include changes in share price and reinvestment of dividends and capital gains, if any.
Shares are bought and sold at market price, not net asset value (NAV). Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time. NAV represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day. Your returns may differ if you traded shares at other times.
| Net Asset Value | — |
| Daily Change | — (—) |
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| 30-Day Median Bid/Ask Spread | —% |
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| Fund Inception | 11/4/2022 |
| Ticker | VOXP |
| Net Assets | — |
| Shares Outstanding | — |
| Primary Exchange | CBOE |
| CUSIP | 00770X253 |
| Fund Type | Active |
| Expense Ratio | 0.30% |
| Number of Holdings | — |
| Dividend Frequency | Annual |
| % of Net Assets | Name | Ticker | Identifier | Shares Held | Market Value |
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The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company and can be found towards the top of this web page. Please read carefully before investing.
Investing involves risk including possible loss of principal. The investment strategies, practices and risk analysis used by the Adviser may not produce the desired results. Other risks exist, including New Adviser Risk, Management Risk, Consumer Sentiment Risk, Research Risk, General Market Risk, Equity Securities Risk, High Portfolio Turnover Risk, general ETF Risks, New Fund Risk, and Sector Emphasis Risk, among others. Please see the detailed prospectus here for more details.
The Reverberate App is a web-based utility and currently has limited users. The ability of the App to properly and accurately gauge public sentiment is highly dependent on its ability to attain a high level of regular usage among a broad market segment of the population. If the Adviser (Distribution Cognizant, LLC) is unable to take material active positions due to lack of sufficient data or otherwise, the Fund will likely experience performance similar to the broad large capitalization market in general. In that event, the information provided by the App may not properly reflect sentiment regarding a company, leading the Adviser to take active positions in a company that are inconsistent with broad market sentiment. The investment strategy of relying entirely on general public sentiment as expressed on a web-based user app and social media polls in order to take active positions is novel. The strategy may not work and this may have a significant negative impact on the value of your investment.
The Adviser's strategy is to base its investment decisions on the expressions of sentiment as identified in the Reverberate App and X Polls. As a result, the Fund is subject to the risks, which may be substantial, that negative developments affecting a held company, the economy, or markets in general, may not be apparent to the users of the Reverberate App or poll respondents. Information received from the App or polls may be inaccurate, incomplete, misleading, duplicative or outdated, making the information ineffective for accurately gauging current sentiment. There is a possibility that users have an undisclosed agenda and attempt to manipulate a company's stock price. These potential developments could have a negative impact on the fund's portfolio.
Distributor: Quasar Distributors, LLC.
