STRIVE ANNOUNCES THE LAUNCH OF MID-CAP ETF (NYSE: STXM)

Rhea-AI Summary

Strive Asset Management announces the launch of the Strive Mid-Cap ETF (STXM) to provide investors access to the middle 400 corporations by market cap of the Bloomberg US 1500 Index. STXM aims to maximize shareholder value with proxy voting and shareholder engagement.

Market Research Analyst

The introduction of the Strive Mid-Cap ETF (STXM) by Strive Asset Management is a strategic move to capture a segment of the market that can offer diversified growth potential. Mid-cap companies, typically valued between $2 billion and $10 billion, are often in a 'sweet spot' of growth, being more established than small caps but more agile than large caps. This new offering could attract investors looking for a balance of stability and growth potential.

Furthermore, the consolidation of Strive's ETFs on the NYSE floor earlier this year can be seen as an endeavor to enhance liquidity and tighten bid/ask spreads, which is favorable for investors. The Strive Pooled Employer Plan (Strive PEP) and tax-loss harvesting SMAs indicate a broadening of services, which may increase Strive's competitive edge in the asset management industry.

Financial Analyst

Strive's proxy voting and shareholder engagement strategy is significant to investors who are increasingly concerned with corporate governance. By advocating for companies to prioritize maximizing shareholder value, Strive is positioning itself as a proactive player in influencing company policies. This could potentially lead to better performance of the companies within the STXM fund, thereby enhancing investor returns.

Investors should monitor the performance of STXM in comparison to other mid-cap funds and the broader market to evaluate the effectiveness of Strive's engagement approach. The company's expansion plans and the success of its 2023 strategies will be critical in assessing Strive's future growth trajectory and its impact on shareholder value.

COLUMBUS, Ohio, April 11, 2024 /PRNewswire/ -- Today, Strive Asset Management ("Strive"), a leading provider of shareholder-focused investment solutions, announced the launch of its twelfth fund, the Strive Mid-Cap ETF (NYSE: STXM), which offers Strive investors access to the middle 400 corporations by market cap of the Bloomberg US 1500 Index.

STXM joins the Strive 500 ETF (STRV) and Strive Small-Cap ETF (STXK) to complete the company's market cap series and provide investors access to the entire Bloomberg US 1500 Index. STXM will also deliver to investors Strive's proxy voting and shareholder engagement, which aims to unlock value for investors by advocating that companies focus on maximizing value over all other considerations.

"Like all our products, Strive's new mid-cap fund, STXM, is strictly focused on maximizing shareholder value," said Matt Cole, Strive CEO and CIO. "This is an exciting time at Strive. We look forward to building on our successes from 2023 with a major expansion announcement in the coming months, which serves as a testament to the extraordinary demand for pro-capitalism and pro-meritocracy financial services."

Earlier this year, the company became the first ETF issuer to consolidate their entire portfolio on the NYSE floor, a premium service that improves the bid/ask spreads of ETFs. Strive also announced a new retirement plan for businesses small to large, the Strive Pooled Employer Plan (Strive PEP), and launched tax-loss harvesting separately managed accounts (SMAs).

Investors can learn more about STXM at www.strivefunds.com/STXM.

About Strive
Strive is an Ohio-based asset management firm whose mission is to maximize shareholder value by leading companies to focus on excellence. The firm competes directly with the world's largest asset managers by offering funds that allow investors to maintain exposure to key asset classes with Strive's pro-shareholder approach. Learn more at strive.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.

Important Risks

An investment in the Fund involves risk. There is no assurance that the Fund will achieve its investment objective. An investor may lose money by investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any government agency.

Additional risks for STXM can be found here.

The Strive ETFs are distributed by Quasar Distributors, LLC.

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SOURCE Strive Enterprises, Inc.

FAQ

What is the ticker symbol for the Strive Mid-Cap ETF?

The ticker symbol for the Strive Mid-Cap ETF is STXM.

What does the Strive Mid-Cap ETF offer investors access to?

The Strive Mid-Cap ETF offers investors access to the middle 400 corporations by market cap of the Bloomberg US 1500 Index.

What services does Strive provide along with the STXM fund?

Strive provides proxy voting and shareholder engagement services along with the STXM fund to advocate for maximizing shareholder value.

Who is the CEO and CIO of Strive Asset Management?

Matt Cole is the CEO and CIO of Strive Asset Management.

What major expansion announcement is Strive planning in the coming months?

Strive is planning a major expansion announcement in the coming months, reflecting the demand for pro-capitalism and pro-meritocracy financial services.