Newday Sustainable Development Equity ETF
SDGS
New York Stock Exchange Arca- -
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
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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
- Sep 13, 2022
- Similar Companies
- Business
- Newday Sustainable Development Equity ETF (SDGS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of sustainable development companies aligned with one or more of the seventeen United Nations Sustainable Development Goals. Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in such securities; it combines proprietary sustainability assessments with fundamental research to select and weight global portfolio holdings across blended development levels and regions. The fund offers exposure to companies making material, measurable positive impacts on sustainable development themes, including environmental health, social governance, and ESG principles; it is non-diversified and categorized under thematic strategy equity ETFs. Launched on September 12, 2022, and traded on NYSE Arca, SDGS is issued by Toroso Investments, LLC, with Newday Impact serving as investment sub-adviser; the fund is headquartered in San Francisco, California, through Newday Impact, founded in 2017 as an impact-only asset manager dedicated to values-oriented portfolios. Newday Impact, based at 500 Washington St Ste 325, oversees management with a team including key personnel from Toroso, focusing on authentic impact investing backed by relationships with over 50 mission-aligned nonprofits via its Causeway platform. In a significant recent development, the fund announced its closure and liquidation in February 2023 due to inability to attract sufficient assets under management, which stood at approximately $1.48 million; this operational change ended trading and distributions, reflecting challenges in scaling amid low average daily volume and market capitalization. Newday Impact has since pursued strategic expansions, including a January 2025 partnership appointing Jason Britton, founder of Reflection Asset Management, as Chief Investment Officer and board member to enhance its Newday Impact One Platform with proprietary offerings. The firm continues global operations through impact-focused ETFs and portfolios, directing portions of revenues—such as 10% originally earmarked for SDGS—to youth skills programs with UNICEF's Generation Unlimited and advancing ocean sustainability via partnerships like the World Ocean Council.