MutualFundWire.com: An ETF That Tracks Political Contributions Turns Three

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Thursday, November 9, 2023

An ETF That Tracks Political Contributions Turns Three

The team at a Charleston-area firm is celebrating a key milestone for their politics-focused fund.

Jason T. Britton
Reflection Asset Management, LLC / Reflection Analytics
President, Chief Investment Officer / CEO

Last week, Brian Potts, co-founder and chair of Goods Unite Us, Inc., confirmed that the Democratic Large Cap Core ETF (DEMZ on the Nasdaq) has reached its third birthday. The passively-managed fund debuted on November 2, 2020, i.e. election day (five days after the launch of an actively managed ETF on the other side of the political spectrum).

Having a three-year track record can be critical for fund distribution, as many screening processes by default exclude funds that don't have a track that's at least that long.

DEMC, a series of the Advisors' Inner Circle Fund III, comes with an expense ratio of 45 basis points. As of yesterday, it had more than $25 million in AUM.

Mount Pleasant, South Carolina-based Reflection Asset Management, LLC serves as DEMZ's investment advisor and index provider, and Exchange Traded Concepts, LLC (ETC) serves as subadvisor. Jason Britton, CEO of Reflection, serves as PM.

The fund is designed to track the Reflection's Democratic Large Cap Core Index. It draws on third party political contribution data compiled by Goods Unite Us.

"This milestone is a testament to our commitment to providing superior data solutions that can be used to power strong financial results for investors," Potts states. "We are excited to continue on this journey."

DEMZ's other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; Ernst & Young LLP as independent accounting firm; Morgan, Lewis & Bockius LLP as counsel; and SEI Investments Distribution Co. as distributor.

Printed from: MFWire.com/story.asp?s=66670

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