Tidal ETF Services Announces the Launch of the Constrained Capital ESG Orphans ETF (ticker: ORFN)
08 Juni 2022 - 4:00PM
Tidal ETF Services, a leading provider of ETF structuring, launch,
and growth services, in partnership with Constrained Capital LLC
(“Constrained Capital”), today announced the launch of the
Constrained Capital ESG Orphans ETF (ticker: ORFN), listed NYSE.
Constrained Capital is an ETF sponsor specializing in
opportunistic investments that it believes to have high-expected
return securities for better risk-adjusted returns. ORFN is an
index fund, and the first of its kind to invest exclusively in the
exclusions of Environmental, Social, and Governance ("ESG") (i.e.,
"the Orphans").
ORFN seeks to track the performance of the Constrained Capital
ESG Orphans Index (“the Index”), before fees and expenses, while
providing an alternative to traditional equity investments, in this
case those specifically designed to capture of the excluded and
orphaned sector of the ESG investment process. ORFN will invest
all, or substantially all, of its assets in the components
securities that make up the Index. The Index is comprised of US
equity securities of publicly traded mid- and large-cap US-listed
companies that are ESG Orphans (exclusions) defined by the
Index.
“The explosion in the ESG investing movement over the past
decade has yielded what I believe to be a generational opportunity
in a contrarian, reversion theme, for opportunistically inclined,
critical thinking investors,” said Mark Neuman, CFA, and creator of
the Index. “The strategy is designed for all types of investors
looking for a timely and alternative portfolio allocation.” For
more information, visit esgorphans.com.
“We’re honored to work with a best-in-class partner like
Constrained Capital, who saw a unique opportunity to bring to
market a product which is contrarian in nature,” said Gavin
Filmore, Head of Product at Tidal. “As a platform for innovative
ETFs, we pride ourselves in partnering with issuers and index
providers who view markets from a unique vantage point, Constrained
Capital is a great example of just that.”
ABOUT TIDAL ETF SERVICESFormed by ETF industry
pioneers and thought leaders, Tidal ETF Services LLC sets out to
revolutionize the way ETFs have historically been developed,
launched, marketed, and sold. With a focus on growing AUM, Tidal
offers a comprehensive suite of services, proprietary tools, and
methodologies designed to bring lasting ideas to market. Tidal is
an advocate for ETF innovation. The firm is on a mission to provide
issuers with the intelligence and tools needed to efficiently and
to effectively launch ETFs and to optimize growth potential in a
highly competitive space. For more information, visit
tidaletfservices.com.
IMPORTANT INFORMATIONBefore investing
you should carefully consider the Fund’s investment objectives,
risks, charges and expenses. This and other information is in the
prospectus. A prospectus may be obtained by calling (800) 794-1485
or visiting www.constrainedcapitaletfs.com. Please read the
prospectus carefully before you invest.
Fund Risks: An investment in the Fund is subject to risk
including the possible loss of principal. The Fund is new with a
limited operating history to evaluate.
ETF shares may be bought and sold in the secondary market at
market prices. The market price normally should approximate the
Fund’s net asset value per share (NAV), but the market price
sometimes may be higher or lower than the NAV.
The Fund is non-diversified and may be concentrated in certain
industries or sectors to the extent the Index is concentrated. In
adverse events, the value of fund shares may rise and fall more
than if invested in a broader range of industries. The Fund and the
Index may differ from each other (known as tracking error) due to
fund operating expenses and portfolio transaction costs not
incurred by the Index. In addition, the Fund may not be fully
invested in the securities of the Index at all times or may hold
securities not included in the Index.
The Index is comprised of stocks whose primary business is in a
sector or sub-sector (each, an “Orphaned Sector”) that is commonly
“orphaned”, discarded, or excluded by Environmental, Social, and
Governance (“ESG”) criteria. Companies in these sectors such as,
Alcohol, Tobacco, Fossil Fuel, Weapons, Nuclear Energy and Gambling
are particularly vulnerable to potential obsolescence due to
technological advances and global competition. A company’s
profitability may also be affected by pricing pressure, government
regulation, environmental factors and unpredictable changes in
consumer demand.
The fund is distributed by Foreside Fund Services.
Contact:Gavin Filmoregfilmore@torosoinv.com
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