Academy Asset Management Launches the Academy Veteran Impact ETF (NYSE: VETZ)
08 Agosto 2023 - 12:30PM
Business Wire
Academy Asset Management, a SEC registered investment adviser,
certified Disabled Veteran Business Enterprise (DVBE), and Service
Disabled Veteran Owned Business (SDVOB), announced the launch of
the Academy Veteran Impact ETF (NYSE: VETZ), the first publicly
traded ETF to primarily invest in loans to U.S. service members,
military veterans, their survivors, and veteran-owned businesses.
At least 80% of the underlying assets will consist of loans to
veterans or their families. Academy Asset Management serves as the
fund’s sub-adviser, is Veteran owned and operated, and is committed
to opportunities for veterans, primarily through its social mission
to hire, train, and mentor military veterans.
“Supporting our fellow veterans in their financial pursuits is
near and dear to our hearts,” stated Academy’s Chairman and CEO
Chance Mims, “These loans will help a new generation of veterans
purchase homes, build businesses, and improve the quality of life
for them and their families.”
Not only will VETZ impact veterans through lending, but it will
also enable Academy Asset Management to support this mission, while
furthering our effort to mentor, hire, and train veterans for
careers in financial services. Furthermore, a portion of the
management fees will be donated to veteran/military-related
charities. Jane Street Capital will serve as Lead Market Maker to
support the launch and ongoing trading of VETZ.
“We are extremely excited as we unveil this groundbreaking ETF,
poised to make a profound impact on veterans,” stated Academy Asset
Management’s CIO Seth Rosenthal, “This ETF reaches new heights in
our dedication to support those who have served.”
About Academy Asset Management
Academy Asset Management is a preeminent disabled veteran-owned
SEC registered investment adviser focused on fixed-income funds and
separately managed accounts. Leadership and staff have had
intensive military training prior to entering and gaining in-depth
financial services experience in global capital markets. We are
mission driven with a high ethical code, a solid sense of
accountability and strive for excellence in the pursuit of our
clients’ success. Academy Asset Management is our nation’s first
post-9/11 disabled veteran owned institutional asset manager. The
firm has offices in New York and Chicago. Information about Academy
Asset Management is available at
www.academyassetmanagement.com.
Investors should consider the investment objectives, risks,
charges, and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call (866) 631-0504 or visit our website at
www.academyetfs.com. Read the prospectus or summary prospectus
carefully before investing.
Investing involves risk. Principal loss is possible. Agency
Small Business Loan & MBS Risk. There is uncertainty as to
the current status of many obligations of Fannie Mae or Freddie Mac
and other agencies that are placed under conservatorship of the
U.S. Government. Fixed income Securities Risk. Typically,
the value of fixed income securities changes inversely with
prevailing interest rates. Non-Agency MBS Risk. Non-agency
MBS are subject to heightened risks as compared to agency MBS,
including that non-agency MBS are not subject to the same
underwriting requirements for the underlying mortgages that are
applicable to those MBS that have a government or
government-sponsored entity guarantee. Non-Agency MBS Risk.
Non-agency MBS are subject to heightened risks as compared to
agency MBS, including that non-agency MBS are not subject to the
same underwriting requirements for the underlying mortgages that
are applicable to those MBS that have a government or
government-sponsored entity guarantee. Prepayment Risk and
Extension Risk. Many issuers have a right to prepay their fixed
income securities. Repurchase Agreement Risk. Repurchase
agreements may be viewed as loans made by the Fund that are
collateralized by the securities subject to repurchase. TBA
Transactions Risk. The Fund may enter into TBA transactions for
MBS. New Fund Risk. As a new fund, there can be no assurance
that the Fund will grow or maintain an economically viable
size.
Distributed by Foreside Fund Services.
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version on businesswire.com: https://www.businesswire.com/news/home/20230803186989/en/
Academy Securities Michael Boyd, 646-736-3995 Chief Compliance
Officer mboyd@academyalpha.com
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