ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Sovereign’s Fund Invests in “Most Spiritually Integrated” Companies
News
Share

Sovereign’s Fund Invests in "Most Spiritually Integrated" Companies

James ComtoisOct 03, 2023
2023-10-03

Sovereign’s Capital has launched an active ETF targeting companies deemed the issuer considers to be “the most spiritually integrated firms.” The Sovereign’s Capital Flourish Fund (NYSE Arca: SOVF), the firm’s debut ETF, begins trading on the New York Stock Exchange.

SOVF invests in “companies with faith-driven CEOs who develop exceptional corporate cultures that seek outperformance and enable employees to flourish.” It’s comprised of U.S. companies of all market caps and industries, and a mix of value and growth companies.

See more: With PRAY, Faith Investor Services Targets Investments Aligned With Christian Values

Investing in Attractive Corporate Cultures

“It is our belief that an attractive culture creates a long-term competitive advantage for a company,” according to Sovereign’s Capital. “We believe biblical values lead to strong cultures, which attract and retain talented employees. This, we believe, will contribute toward outperformance versus peer companies over the mid-to-long term.”

SOVF holds a diversified portfolio of 80-100 publicly traded companies determined by the firm’s proprietary ranking methodology. The fund ranks companies by six categories: CEO spiritual integration, HR benefits & policies, chaplaincy, vision/mission/values, employee resource groups, and products & services. In each of the six categories, Sovereign’s Capital assigns a score from 0 to 10 then weights each category. The scores roll up to an overall score that informs the firm’s front-end criteria for stock selection.

The fund’s managers also perform fundamental analysis. They consider such variables as business quality, return on invested capital, balance sheet integrity, market expectations, cyclicality, and risk/reward.

When assessing potential constituents, the fund’s managers consider whether a company’s culture is focused on “servant leadership” and/or treating others the way they want to be treated. They also look for companies with significantly above market HR benefits for their employees. The fund also prioritizes companies with on-staff counselors to support employees through hardships.

SOVF carries an expense ratio of 0.75%.

For more news, information, and analysis, visit VettaFi | ETFDB.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Dec 08

S&P 500 Snapshot: New 2023 High

Dec 08

Treasury Yields Snapshot: December 8, 2023

Dec 08

A Pause That Refreshes?

Dec 08

This Week in ETFs: New Issuer Debuts Thematic Funds

Dec 08

Identifying Some Market Risks

Dec 08

Sitting Down With Fidelity Investments' Quant Head, Neil Constable

Dec 08

Tax-Loss Harvesting to Enhance US Large-Cap Growth Exposure

Dec 08

The Advisor's Guide to Investments in Carbon Markets

Dec 08

VettaFi Voices On: The Outlook for 2024

Dec 08

Lean on Active Bond ETFs as Fed Threads Needle

QQQ

Invesco QQQ Trust Series I

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

SCHD

Schwab US Dividend Equity ETF...

IYW

iShares U.S. Technology ETF

VUG

Vanguard Growth ETF

IVV

iShares Core S&P 500 ETF


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X