WASHINGTON, DC / ACCESSWIRE / October 3, 2024 / Yesterday, the American Conservative Values ETF (ACVF), a fund designed for politically conservative investors, announced that it has divested its holdings of and initiated a "Refuse to Buy" rating on Paramount Global (PARA), the parent of CBS.
After a comprehensive review of our continued investment, ACVF's management team has decided to divest its holding of Paramount Global (PARA). The portfolio managers of ACVF found CBS News' debate moderators to have significant bias during Wednesdays Vice Presidential debate. Similarly to ABC (Disney-DIS) and CNN (Warner Bros. Discovery-WBD), the moderators of the previous Presidential debate, the questions were geared to favor democrats and the moderators fact checked JD Vance while allowing Tim Walz to run unchecked.
"We feel strongly that the left-wing media are complicit in election interference," said Tom Carter, co-founder of ACVF. "We have added Paramount to our long-standing boycotts of Disney and Warner Bros."
"We are accustomed to the propaganda that has long been a part of the liberal media's business model," stated CEO and co-founder William Flaig. "They have crossed the line and have a thumb on the scale."
"Many politically conservative investors are shocked to learn that their current ETF and mutual fund investments own these liberal media companies as well as many other companies that are eagerly working to destroy conservative values. We must hold companies accountable for their actions. We need to vote with our wallets and deny them access to the capital they need," stated Carter. He further added that "we do not want to give such companies our hard-earned investment dollars, and neither should you."
The proceeds from this divestiture will be used to purchase AT&T. AT&T has been removed from our boycott list as a result of their announced divestiture of Direct TV, ending their media foray.
ACVF, launched in October 2020, aims to provide investors with an alternative to traditional large-cap funds by avoiding companies that, in the view of its' managers, actively promote progressive political agendas at the potential expense of shareholder value. The 37 companies that ACVF currently excludes from the portfolio represent 28% of the S&P 500.
The funds' managers emphasize their focus on companies they believe prioritize meritocracy and shareholder value. "We aim to avoid investing in companies that we perceive as putting political agendas ahead of financial performance," Flaig stated.
For more information about ACVF (Ticker:ACVF), including its investment approach and full list of holdings, please visit InvestConservative.com
About American Conservative Values ETF (ACVF)
ACVF is an exchange-traded fund designed to reflect conservative political values in its investment strategy. ACVF is based on the conviction that politically active companies may negatively impact their shareholder returns, as well as support issues and causes which conflict with conservative political ideals, beliefs and values.
Key Points:
As of October 2nd 2024, the fund holds 0.00% of Disney, Warner Bros. Discovery and Paramount Global
The 37 companies currently excluded from the portfolio represent 28% of the S&P 500.
The fund's holdings are subject to change. For current holdings, please visit https://acvetfs.com/fund/etf-fund/#holdings
Note: The S&P 500® is a broad-based unmanaged index, which is widely recognized as representative of the equity market in general.
To schedule an interview with Mr. Flaig or Mr. Carter, please contact:
wflaig@ridgelineresearch.com 301-685-7121
tcarter@ridgelineresearch.com 301-685-7122
For current holdings, fund factsheet, and more information, please visit www.acvetfs.com
Important Information
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus and summary prospectus, which may be obtained by visiting ACVETFS.com. Read the prospectus and summary prospectus carefully before investing.
An investment in the Fund is subject to risks, including the possible loss of the principal amount invested. Overall stock market risks may affect the value of individual securities in which the Fund invests. The Fund is actively managed, and the adviser's investment decisions impact the Fund's performance. The Fund and adviser are new, and the ETF has only recently commenced operations. This Fund may not be suitable for all investors.
The equity securities in which the Fund invests will generally be those of companies with large market capitalizations. Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns. Unlike typical exchange-traded funds, there are no indexes that the Fund attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager. There is no assurance that the investment process will consistently lead to successful investing. The Fund is new and has a limited operating history.
The ACVF Fund is distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Ridgeline Research, LLC, the Fund's Investment Adviser.
The Fund is structured as an ETF and as a result, is subject to special risks. Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 p.m. Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.
SOURCE: American Conservative Values ETF
View the original press release on accesswire.com
