Hennessy Sustainable ETF
STNC
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Novato CA United States of America 94945
- IPO Date
- Mar 16, 2021
- CIK
- 0000831114
- Website
- hennessyetfs.com
- Similar Companies
- Business
- Hennessy Sustainable ETF (STNC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in exchange-traded equity securities of U.S. large-capitalization issuers meeting sustainability standards, primarily from the Russell 1000 Index and S&P 500 Index. The fund employs a rules-based sustainability screening process evaluating key performance indicators such as energy productivity, carbon intensity, water dependence, waste profile, governance factors including innovation capacity, pension liabilities, CEO-to-worker pay ratios, safety performance, employee turnover, leadership diversity, tax payments, and sustainability-linked bonuses; companies primarily engaged in weapons, tobacco, or thermal coal are excluded. It integrates machine learning and artificial intelligence models to select issuers likely to outperform on absolute and risk-adjusted returns over the next quarter, followed by portfolio optimization to minimize tail risk and enhance diversification, with quarterly rebalancing, high active share versus the S&P 500 Index (88%), and elevated portfolio turnover (362%); the fund offers annual distributions, a net expense ratio of 0.85%, and zero exposure to tobacco production, guns and ammunition, and fossil fuel extraction relative to benchmarks. Hennessy Advisors, Inc., founded in 1989 and headquartered in Novato, California, with additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; Austin and Dallas, Texas, serves as the investment adviser to the Hennessy Funds Trust, which issues STNC and oversees approximately $4.2 billion in assets across 17 ETFs and mutual funds spanning domestic equity, multi-asset, sector, and specialty categories; Stance Capital, LLC, an independent employee-owned sub-adviser based in Boston, Massachusetts, determines sustainability standards and manages portfolio construction. The fund, with inception on March 15, 2021, trades on the Nasdaq with net assets of about $95 million as of December 2025, a 30-day median bid-ask spread of 0.34%, dividend yield of 0.89%, and median portfolio characteristics including price/earnings of 24.43x, price/book of 2.98x, and market cap of $71.8 billion; sector allocations feature consumer discretionary (22.2%), financials (15.7%), health care (14.2%), industrials (12.8%), and information technology (13.7%), with top holdings such as Delta Air Lines Inc. (3.6%), Advanced Micro Devices Inc. (3.5%), and Cardinal Health Inc. (3.5%). In December 2022, Hennessy Advisors acquired the Stance Equity ESG Large Cap Core ETF from Stance Capital, launching it as the Hennessy Stance ESG ETF (STNC) under their 11th strategic asset purchase; in November 2023 and 2024, Hennessy acquired the CCM Small/Mid-Cap Impact Value Fund and CCM Core Impact Equity Fund, respectively, merging both into STNC to bolster its sustainable equity strategy. Effective May 12, 2025, the fund transitioned from a semi-transparent to a fully transparent ETF structure and changed its name from Hennessy Stance ESG ETF to Hennessy Sustainable ETF, retaining the STNC ticker and Nasdaq listing while continuing sub-advisory by Stance Capital. These enhancements reflect Hennessy's ongoing expansion in ESG and sustainable investment products through targeted acquisitions and structural innovations.