Trump Media & Technology Group Corp. launched five Truth Social ETFs Tuesday. The launch marks the company’s entry into the exchange-traded fund market. The products screen out companies based on specific corporate policies, according to a company press release.
According to fund prospectuses filed with the Securities and Exchange Commission, the funds use screening methodology from the 1792 Exchange, a nonprofit organization. The methodology excludes companies violating five of six specific corporate activity criteria.
Specifically, the screening excludes companies with diversity hiring quotas, participation in LGBTQ+ equality indexes, and employee benefits covering abortion or transgender-related medical care, according to the prospectus. Companies can also be excluded for funding racial-justice or environmental-justice organizations, or for terminating business relationships based on political or religious beliefs.
The five funds began trading on the New York Stock Exchange under the Truth.Fi fintech brand. They include the Truth Social American Security & Defense ETF (TSSD), the Truth Social American Next Frontiers ETF (TSNF), the Truth Social American Icons ETF (TSIC), the Truth Social American Energy Security ETF (TSES), and the Truth Social American Red State REITs ETF (TSRS), according to the press release.
Each fund tracks an index comprising securities focused on different sectors of the American economy, according to the release. The funds use index tracking with criteria-based selection spanning industries including defense, technology, energy, and real estate.
Screening Methodology
The 1792 Exchange evaluates companies across the six corporate policy criteria. Companies are excluded if they violate five of the six, according to the prospectuses. The criteria specifically examine participation in the Corporate Equality Index survey administered by the Human Rights Campaign. They also assess policies on diversity quotas, employee benefits, and corporate funding decisions.
However, if the organization has not collected information on a specific criterion for a company, the methodology treats the company as having no disqualifying information on that criterion, according to the prospectuses. As a result, companies for which certain criteria are not covered remain eligible for inclusion in the indexes.
Yorkville America Equities serves as investment adviser to the funds, with Tuttle Capital Management as sub-adviser. Trump Media operates Truth Social and the Truth+ streaming platform.
Each fund carries a management fee of 0.65%, with total annual operating expenses of 0.65%, according to the prospectuses.
Looking ahead, the company plans to launch additional ETFs in 2026, including digital asset-based funds, the press release stated.
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