A Salute to an ETF ‘HONRing’ U.S. Veterans

The HONOR ETF is a socially responsible fund that tracks U.S. companies supporting veterans. To be included, companies need a military-friendly rating from Victory Media. The fund is equally weighted, holding over 100 large and mid-cap stocks, including Starbucks and GM. With $25 million in assets, its expense ratio is relatively high, but part of its revenue supports charities. Launched in January 2018, it has underperformed the S&P 500 and is rated yellow by Bloomberg Intelligence due to low trading volume and alternative weighting.

What is the primary focus of the Patriotic Employers ETF?

• Supporting renewable energy companies

• Tracking an index of U.S. companies aiding veterans

• Investing in international markets

• Focusing on technology startups

Which organization provides the military-friendly rating for companies included in the ETF?

• Bloomberg Intelligence

• Victory Media

• S&P Global

• Environmental Protection Agency

What is a notable feature of the fund's composition?

• It focuses solely on technology companies

• It invests primarily in international firms

• It is equal-weighted and includes over 100 large and mid-cap companies

• It only includes small-cap companies

What is the expense ratio of the Patriotic Employers ETF?

• 80 basis points

• 65 basis points

• 50 basis points

• 35 basis points

Why does the fund receive a yellow light in the Bloomberg Intelligence traffic light system?

• Because it outperformed the S&P 500

• Due to low trading volume and alternative weighting

• Because of its focus on international markets

• Due to high trading volume