Emerge EMPWR Sustainable Select Growth Equity ETF
EMGC
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- Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing at least 80% of its net assets in equity securities of U.S. issuers meeting proprietary environmental, social, and governance (ESG) criteria. The fund targets growth stocks across various market capitalizations, including large, mid, and small caps, selected through a bottom-up research process utilizing discounted cash flow valuation models, independent third-party ESG data providers, and assessments of earnings quality, revenue growth, and cash flow profitability; it emphasizes issuers with potential for earnings or revenue expansion and high dividend capacity while screening out firms involved in certain controversial activities. Holdings are concentrated in sectors such as technology services, health technology, electronic technology, and retail trade, with top positions historically including Apple Inc., Microsoft Corp., NVIDIA Corp., and others like CACI International Inc. and Merit Medical Systems Inc.. Launched on September 8, 2022, EMGC operates within the broad equity segment with a focus on U.S. total market growth stocks and blended development levels; it is advised by Emerge Capital Management, Inc., headquartered in Buffalo, New York, with sub-advisory input from managers such as Grace Capital. The fund lists on the BATS exchange (ticker: EMGC), employs a net expense ratio of 0.95% following a fee waiver, and maintains a non-diversified portfolio typically holding around 32 securities, with approximately 45% of assets in its top 10 holdings.. In a significant operational change, EMGC faced liquidation proceedings announced in June 2023 by Emerge ETF Trust, with shares ceasing to trade on Cboe BZX after market close on July 7, 2023, followed by delisting and mandatory redemption of remaining shares on or about July 14, 2023, due to low assets under management and trading volume. Despite the official delisting, residual share listings persist on platforms like BATS with nominal outstanding shares of 20,000, zero average daily volume, and assets under management reported at $0 as of late 2024, alongside a stagnant price around $25.67. No recent partnerships, funding rounds, acquisitions, new product launches, or strategic expansions for EMGC or its sponsor have been identified within the last 1-2 years..