Subversive Mental Health ETF
SANE
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 23, 2022
- Similar Companies
- Business
- Subversive Mental Health ETF (SANE) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in publicly listed equity securities of companies intersecting mental health areas, including metabolic devices, fitness, sleep, nutrition, pharmaceuticals for depression, Alzheimer's, and related disorders; health technology comprising 64% of holdings, consumer non-durables at 18%, health services, electronic technology, and miscellaneous sectors; with a portfolio of approximately 28 holdings diversified across large-cap (48%), mid-cap (33%), small-cap (10%), and micro-cap stocks from the United States (68%), Japan, Germany, Denmark, the United Kingdom, and Switzerland. The ETF targets mental health companies with at least 50% of assets or revenues tied to products and services for treating, preventing, or diagnosing long-term disorders such as major depressive disorder and metabolic syndrome-linked conditions like Parkinson's, including pure plays in brain health therapeutics and broader pharmaceutical firms. Launched on December 23, 2022, by Subversive Capital Advisor LLC, a New York-based registered investment adviser founded in 2013 and headquartered at 217 Centre Street, Suite 122, New York, NY, the fund carries a 0.75% expense ratio and trades on the Cboe BZX Exchange. Geographically, it provides global exposure primarily to North America, Asia Pacific, and Europe, serving investors interested in thematic healthcare innovation amid rising mental health awareness. In a major recent development, Subversive Capital Advisor announced the closure and liquidation of SANE, with trading ceasing on March 27, 2024, and final distributions to shareholders promptly after March 28, 2024, reflecting strategic portfolio rationalization amid low assets under management; the issuer has since shifted focus to other thematic ETFs like the Unusual Whales Subversive Democratic ETF (NANC) and Republican ETF (KRUZ), launched via a 2023 partnership with Unusual Whales.