Strive Asset Management Announces Changes to Strive 2000 ETF

Rhea-AI Summary

Strive Asset Management has announced significant changes to its Strive 2000 ETF (NASDAQ: STXK), effective January 11, 2023. The ETF will be rebranded as the Strive Small-Cap ETF and will shift its investment objective to focus exclusively on tracking small-capitalization companies. Additionally, the benchmark will transition from the Bloomberg US 2000 Index to the Bloomberg US 600 Index, targeting the bottom 600 companies within the broader index. These changes aim to refine the fund's strategy and enhance performance.

Positive

• Rebranding could attract new investors by focusing on small-cap companies.
• Switching to the Bloomberg US 600 Index aligns the fund more closely with smaller-capitalization stocks, potentially enhancing returns.

Negative

• Narrowing the investment focus may limit diversification and risk exposure.
• Small-cap stocks generally trade lower volumes and are subject to higher volatility, posing risks for investors.

HAVERTOWN, Pa., Jan.12, 2023 /PRNewswire/ -- Strive Asset Management, LLC announced two changes to its Strive 2000 ETF (NASDAQ: STXK).

Effective on Wednesday, January 11, 2023, the Strive 2000 ETF will undergo changes to its fund name, fund objective and benchmark.

Current Name	New Name	Current Benchmark	New Benchmark
Strive 2000 ETF	Strive Small-Cap ETF	Bloomberg US 2000 Index	Bloomberg US 600 Index

The current fund objective which seeks to track the total return performance, before fees and expenses, of an index composed of U.S. small- and mid-capitalization companies will change to seeking to track the total return performance, before fees and expenses, of an index composed of U.S. small-capitalization companies.

The benchmark of the Strive Small-Cap ETF will be moving from the Bloomberg US 2000 Index to the Bloomberg US 600 Index, which is a float market-cap-weighted benchmark of the lower 600 in capitalization of the Bloomberg US 1500 Index (B1500).

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About Strive Asset Management

Strive is an Ohio-based asset management firm whose mission is to restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics. Strive will compete directly with the world's largest asset managers by launching funds that advance "Excellence Capitalism" in boardrooms across corporate America. The company was co-founded by Vivek Ramaswamy and Anson Frericks in 2022. Learn more at www.strivefunds.com/.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 855-427-7360 or visit our website at www.strivefunds.com. Read the prospectus or summary prospectus carefully before investing.

Investments involve risk. Principal loss is possible. Small-Capitalization Companies Risk. The securities of small-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large- or mid-capitalization companies. The securities of small-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than large- or mid-capitalization stocks or the stock market as a whole. There is typically less publicly available information concerning smaller-capitalization companies than for larger, more established companies. Mid-Capitalization Companies Risk. The securities of mid- capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of larger-capitalization companies. The securities of mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than larger capitalization stocks or the stock market as a whole. Some mid-capitalization companies have limited product lines, markets, and financial and managerial resources and tend to concentrate on fewer geographical markets relative to larger capitalization companies. Equity Investing Risk. An investment in the Fund involves risks similar to those of investing in any fund holding equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices. The values of equity securities could decline generally or could underperform other investments. Index Calculation Risk. The Index relies on various sources of information to assess the criteria of issuers included in the Index, including fundamental information that may be based on assumptions and estimates. New Fund Risk. The Fund is a recently organized management investment company with limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision.

Bloomberg LP ("Bloomberg") is the licensor of The Bloomberg US 2000 Index and the Bloomberg US 600 Index (each an "Index" and collectively, the "Indices"). The financial instruments that are based on the Indices are not sponsored, endorsed, promoted or sold by Bloomberg in any way and Bloomberg makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Indices; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Indices. Bloomberg reserves the right to change the methods of calculation or publication with respect to the Indices. Bloomberg shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Indices.

The fund is distributed by Quasar Distributors, LLC.

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SOURCE ETF Architect

FAQ

What changes are being made to the Strive 2000 ETF under the stock symbol STXK?

The Strive 2000 ETF will be renamed to Strive Small-Cap ETF, with a new focus on small-cap companies and a change of benchmark to the Bloomberg US 600 Index.

When will the changes to the Strive 2000 ETF take effect?

The changes will take effect on January 11, 2023.

What is the new investment focus of the Strive Small-Cap ETF (STXK)?

The Strive Small-Cap ETF will focus solely on tracking the performance of small-capitalization companies.

How does the change in benchmark affect the Strive Small-Cap ETF?

The ETF will move from tracking the Bloomberg US 2000 Index to the Bloomberg US 600 Index, narrowing its focus to the lower 600 companies in terms of market capitalization.