Academy Asset Management to Celebrate the VETZ ETF and Veterans Day at the New York Stock Exchange

Rhea-AI Summary

Academy Asset Management (NYSE Arca: VETZ) celebrates corporate investors in the Academy Veteran Impact ETF, with State Farm and Virtu Financial among the founding investors. VETZ is the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. The fund aims to support veterans and their families by providing lower borrowing costs and donating a portion of the management fee to veteran and military-related charities through the Bob Woodruff Foundation.

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• VETZ is the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses, which could attract investors looking to support veterans and their families.

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• None.

NEW YORK--(BUSINESS WIRE)-- Academy Asset Management, an SEC registered investment adviser, certified Disabled Veteran Business Enterprise (DVBE), and Service Disabled Veteran Owned Business (SDVOB), is pleased to celebrate the founding cohort of corporate investors in the Academy Veteran Impact ETF (NYSE Arca: VETZ). In honor of the Veterans Day holiday, the leadership of Academy Asset Management will join representatives from these corporations in ringing the closing bell at the New York Stock Exchange on Wednesday, November 8, 2023.

Academy Asset Management serves as the fund’s sub-adviser, is Veteran owned and operated, and is committed to providing opportunities for veterans. The firm is honored to announce State Farm and Virtu Financial, and other large corporations as founding investors in VETZ, which is particularly meaningful as we approach Veterans Day. Not only will VETZ impact veterans through lending, but it will also enable Academy Asset Management to support the firm’s mission to mentor, hire, and train veterans for careers in financial services.

“We couldn’t be more grateful for the strong support that these corporate investors have shown to the veteran community by supporting VETZ,” stated Academy’s Chairman and CEO Chance Mims. “As a firm completely owned and led by veterans, we know firsthand the many financial challenges that active-duty service members and veterans face.”

VETZ is the first publicly traded ETF to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. At least 80% of the underlying assets will consist of loans to veterans or their families. Investing in these loans helps facilitate the flow of capital to veterans, resulting in lower borrowing costs for them and their families. In addition, a portion of the management fee will be donated to veteran and military-related charities through the Bob Woodruff Foundation.

“The Bob Woodruff Foundation is proud to partner with Academy Asset Management. As a veteran owned and operated investment adviser, Academy Asset Management understands the challenges veterans face, and, like the Foundation, also works to address those challenges,” shared Anne Marie Dougherty, CEO of the Bob Woodruff Foundation. “I know that our organizations’ shared commitment to supporting those who stood for us – our veterans—will lead to even greater impact.”

“Every subsequent investment into the Veteran Impact ETF will make it easier for the next generation of veterans to invest in their families and businesses,” stated Academy Asset Management’s CIO Seth Rosenthal.

Before the Closing Bell Ceremony, Academy will be hosting a Geopolitical Round Table for invited guests, with members of Academy’s Geopolitical Intelligence Group on hand to discuss the most pressing developments from around the world and their potential impact on markets.

“We look forward to sharing the expertise of our Geopolitical Intelligence Group with our clients and partners, especially in these times of trouble around the globe,” stated Phil McConkey, President of Academy Securities.

About Academy Asset Management

Academy Asset Management is a preeminent disabled veteran-owned SEC registered investment adviser focused on fixed-income funds and separately managed accounts. Leadership and staff have had intensive military training prior to entering and gaining in-depth financial services experience in global capital markets. We are mission driven with a high ethical code, a solid sense of accountability and strive for excellence in the pursuit of our clients’ success. Academy Asset Management is our nation’s first post-9/11 disabled veteran owned institutional asset manager. The firm has offices in New York and Chicago. Information about Academy Asset Management is available at www.academyassetmanagement.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 (866) 631-0504 or visit our website at www.academyassetmanagement.com. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk. Principal loss is possible.

Agency Small Business Loan & MBS Risk. There is uncertainty as to the current status of many obligations of Fannie Mae or Freddie Mac and other agencies that are placed under conservatorship of the U.S. Government. Fixed income Securities Risk. Typically, the value of fixed income securities changes inversely with prevailing interest rates. Non-Agency MBS Risk. Non-agency MBS are subject to heightened risks as compared to agency MBS, including that non-agency MBS are not subject to the same underwriting requirements for the underlying mortgages that are applicable to those MBS that have a government or government-sponsored entity guarantee. Prepayment Risk and Extension Risk. Many issuers have a right to prepay their fixed income securities. Repurchase Agreement Risk. Repurchase agreements may be viewed as loans made by the Fund that are collateralized by the securities subject to repurchase. TBA Transactions Risk. The Fund may enter into TBA transactions for MBS. New Fund Risk. As a new fund, there can be no assurance that the Fund will grow or maintain an economically viable size.

Distributed by Foreside Fund Services, LLC. Foreside is not related to Academy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231108446791/en/

Academy Securities

Michael Boyd, 646-736-3995

Chief Compliance Officer

mboyd@academyalpha.com

Source: Academy Asset Management

FAQ

What is the ticker symbol of the Academy Veteran Impact ETF?

The ticker symbol is VETZ on NYSE Arca.

What is the main focus of the ETF's investments?

The main focus is to primarily invest in loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses.

Which corporations are founding investors in VETZ?

State Farm and Virtu Financial, along with other large corporations, are founding investors in VETZ.

What is the purpose of donating a portion of the management fee?

The purpose is to donate to veteran and military-related charities through the Bob Woodruff Foundation.