Core Equity Investment with “Real Impact” as
Fees and All Profits from Managing the Fund Donated to Folds of
Honor Charity in Support of Military Families
RiverNorth Capital Management, LLC and TrueMark Investments, LLC
today announced the launch of the RiverNorth Volition America
Patriot ETF (NYSE: FLDZ). The innovative Fund is designed to do
double-duty as a US-focused core equity portfolio and as a support
to a tremendous charitable organization. The majority of advisory
fees and all profits from managing the Fund will be donated to
Folds of Honor, a nonprofit organization that provides the families
of fallen and disabled service members with educational
scholarships.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211231005106/en/
The new Fund was listed for investing and trading on the NYSE on
January 3, 2022, under the ticker symbol FLDZ.
“It’s gratifying to see the investment community rally around
the cause to assist military families in need,” said Lieutenant
Colonel Dan Rooney, Folds of Honor Founder and CEO. “Since founding
Folds of Honor in 2007, I have been deeply moved by how our
partners have embraced the Folds mission to leave no family behind.
We welcome the attention and committed financial support that FLDZ
will bring to our families.”
“After learning about Folds of Honor and meeting Lieutenant
Colonel Dan Rooney, I knew that we had to find an innovative and
powerful way for RiverNorth and investors of every size to support
its mission,” said Patrick Galley, CEO & CIO of RiverNorth, and
Portfolio Manager to FLDZ. “As an investment firm that focuses on
opportunistic investment strategies, what better opportunity is
there than to support this incredible organization. At its heart,
the Fund is designed to be a core equity portfolio allocation that
truly invests in America and makes a beneficial impact for the
families of our fallen and disabled soldiers. Additionally, our
partnership with the Volition America brand seamlessly aligns with
the Fund’s commitment to choose America and give investors the
power of choice to invest in America.”
RiverNorth, an investment management firm with more than $5
billion in assets under management, serves as the Fund’s
Sub-Adviser with day-to-day portfolio management
responsibility.
“We’re proud to offer an investment vehicle that is designed to
embrace patriotic values and seek equity exposure,” said Michael
Loukas, CEO at TrueMark Investments, Advisor to FLDZ overseeing
day-to-day operations. “FLDZ delivers real impact from the first
dollar invested through its donations to Folds of Honor and so the
long-term success of our shareholders is directly tied to
multiplying the contributions for military families over time.”
John Sapiente, CEO of Volition America, stated, “The FLDZ fund’s
mission to invest in great American companies that embrace our
country is at the core of the brands that we partner with. Volition
America’s ability to give back to those that protect our country,
have a love of patriotism, and embrace our freedom of choice is
what this is all about.”
Folds of Honor is a 501(C)(3) nonprofit organization, rated
4-star by Charity Navigator and platinum by GuideStar, that
provides educational scholarships to the families of military men
and women who have fallen or been disabled while on active duty in
the United States armed forces. Since 2007, Folds of Honor has a
cumulative average ratio of 90% of every dollar raised going to
their scholarship program and has awarded 36,000 educational
scholarships to date.
FLDZ Fund Management
The Fund will be managed by an experienced investment team led
by RiverNorth’s Mr. Galley and Joseph Bailey and including TrueMark
Principal and Chief Investment Officer Jordan Waldrep.
The actively managed FLDZ seeks capital growth through a
diversified portfolio of US-based, US publicly listed companies
with over $5 billion in market capitalization that are tied to the
economy of the US. A key differentiator is that companies selected
for the portfolio must generate at least 90% of their revenues in
the United States.
FLDZ’s expense ratio is 0.70%. The majority of the Fund expense
ratio and all of the profit from managing the Fund will be donated
to Folds of Honor. RiverNorth will be covering all operating costs
from dollar one in order to ensure these goals are met.
About Folds of Honor
Folds of Honor is a 501(C)(3) nonprofit organization that
provides educational scholarships to families of military men and
women who have fallen or been disabled in combat while serving in
the United States armed forces. Our educational scholarships
support private education tuition and tutoring for children in
grades K-12, as well as higher education tuition assistance for
spouses and dependents. Founded in 2007 by Lieutenant Colonel Dan
Rooney, an F-16 fighter pilot in the Oklahoma Air National Guard
who served three tours of duty in Iraq, Folds of Honor is proud to
have awarded more than 36,000 scholarships in all 50 states, as
well as Guam, Puerto Rico and the Virgin Islands, including more
than 6,500 in 2021-2022 alone. For more information or to donate in
support of a Folds of Honor scholarship, visit
www.foldsofhonor.org.
About RiverNorth Capital Management, LLC
RiverNorth Capital Management, LLC is an investment management
firm founded in 2000. With $5.8 billion1 in assets under management
as of November 30, 2021, RiverNorth specializes in opportunistic
investment strategies in niche markets where the potential to
exploit inefficiencies is greatest. RiverNorth is an institutional
investment manager to registered funds, private funds and
separately managed accounts.
1.
Includes assets attributable to leverage and investments in
affiliated funds.
About TrueMark Investments
At TrueMark, we serve investors with ETFs that seek to deliver
true exposure to thematic, modern economy asset classes,
strategies, and industries. We pair investment expertise with
industry knowledge and experience, partnering with 3rd parties we
believe are specialized, highly qualified industry experts to power
investment management decisions, all at a price comparable to
passive management.
About Volition America
Since its inception, the VOLITION AMERICA brand has been a
growing, ongoing movement of real American Patriotism with a
defined purpose of supporting those who protect our freedom of
choice. Our ideals and patriotic expression transcend cultures,
gender, race, age and/or political beliefs. Throughout our great
country, VOLITION AMERICA unites people profoundly, passionately
and authentically through strategic brand collaborations that share
our patriotic values. Volition America is committed to supporting
the children and spouses of fallen American heroes, by donating a
percentage of all proceeds to the Folds of Honor Foundation. For
more information, please visit www.volitionamerica.com.
New Fund Risk. The Fund is a recently organized
investment company with no operating history. As a result,
prospective investors have no track record or history on which to
base their investment decision.
Equity Market Risk. The equity securities held in the
Fund’s portfolio may experience sudden, unpredictable drops in
value or long periods of decline in value. This may occur because
of factors that affect securities markets generally or factors
affecting specific issuers, industries, sectors or companies in
which the Fund invests. Common stocks are generally exposed to
greater risk than other types of securities, such as preferred
stocks and debt obligations, because common stockholders generally
have inferior rights to receive payment from issuers.
Distributor: Foreside Fund Services, LLC.
Before investing, carefully consider the TrueShares ETFs
investment objectives, risks, charges and expenses. Specific
information about TrueShares is contained in the prospectus and a
summary prospectus, copies of which may be obtained by visiting
www.true-shares.com. Read the prospectus carefully before you
invest.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211231005106/en/
RiverNorth – Matthew Yemma (myemma@peaksstrategies.com,
909-633-9396)
TrueMark – Catherine Frick (cfrick@arrocomm.com,
925-324-0241)
Listed Funds Tru (NYSE:FLDZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Listed Funds Tru (NYSE:FLDZ)
Historical Stock Chart
From Jul 2023 to Jul 2024