2ndVote Society Defended ETF
EGIS
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Nov 17, 2020
- CIK
- 0001811168
- Similar Companies
- Business
- 2ndVote Society Defended ETF (EGIS) is an actively managed exchange-traded fund that primarily invests in equity securities of large- and mid-capitalization U.S. companies meeting proprietary 2nd Amendment and border security social criteria. The fund employs a fundamental security analysis and a proprietary social scoring system from 2nd Vote, Inc., evaluating companies' direct and indirect corporate donations, lobbying activities, stated policies, and sponsorships; companies scoring below 3 on either the 2nd Amendment score or Border Security score are excluded from the initial universe of U.S. firms with market capitalizations greater than $2 billion. It targets long-term total return through a concentrated portfolio of 30-40 holdings, with sector allocations including electronic technology, finance, health technology, and energy minerals; the fund was distributed by Foreside Financial Services, LLC, and sub-advised by Laffer Tengler Investments, Inc. Launched on November 18, 2020, as a series of 2nd Vote Funds, a Delaware statutory trust organized on April 14, 2020, and headquartered at 462 Sandcastle Rd., Franklin, Tennessee, EGIS operated in the U.S. equity market focusing on socially conservative themes aligned with Second Amendment rights and border security advocacy. The fund catered to investors seeking alignment with conservative values, excluding firms supporting gun control or opposing firearms-related policies. In a major operational change, the Board of Trustees of 2nd Vote Funds approved the liquidation and closure of EGIS on August 1, 2023, due to limited asset growth opportunities and ongoing operational costs, as recommended by adviser 2ndVote Advisers, LLC; trading ceased on Cboe BZX Exchange on August 3, 2023, with final cash distributions to shareholders by August 14, 2023. Prior to closure, the fund managed approximately $30.3 million in assets, with its sub-adviser liquidating the portfolio, resulting in increased cash holdings and deviation from its investment objective during the wind-down period. No recent partnerships, funding rounds, acquisitions, or new product launches were identified for EGIS following its inception, and the fund is no longer active.