Stance In The News

Information about the Hennessy Stance ESG ETF (the “Fund”), a semi-transparent actively managed exchange-traded fund (“ETF”) with a Portfolio Reference Basket structure:

The Fund is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. The Fund will not. This may create additional risks for your investment. For example:

  • You may have to pay more money to trade the Fund’s shares. The Fund will provide less information to traders, who tend to charge more for trades when they have less information.

  • The price you pay to buy Fund shares on an exchange may not match the value of the fund’s portfolio. The same is true when you sell shares. These price differences may be greater for the Fund compared to other ETFs because it provides less information to traders.

  • These additional risks may be even greater in bad or uncertain market conditions.

  • The Fund will publish on its website each day a “Portfolio Reference Basket” designed to help trading in shares of the Fund. While the Portfolio Reference Basket includes all the names of the Fund’s holdings, it is not the Fund’s actual portfolio.

  • The differences between the Fund and other ETFs may also have advantages. By keeping certain information about the Fund portfolio secret, the Fund may face less risk that other traders can predict or copy its investment strategy. This may improve the Fund’s performance. If other traders are able to copy or predict the Fund’s investment strategy, however, this may hurt the Fund’s performance.

For additional information regarding the unique attributes and risks of the Fund, see the Prospectus and SAI.

Bloomberg Businessweek: Jobs Revision

August 2024
Bill Davis joins Tim Stenovec and Katie Greifeld to discuss the high concentration risk of the S&P 500 and the movement away from mega cap names.

What's Behind the Signals of Market Rotation, Schwab Network

August 2024
Bill Davis joins Nicole Petallides on Schwab Network to discuss what's behind the signals of market rotation.

Beware OverValued Magnificent 7 As Volatility Heats Up, Investment News

August 2024
Bill Davis joins InvestmentNews anchor Gregg Greenberg to discuss his cautious outlook for stocks, especially the Magnificent 7.



Yahoo Finance

yahoo Finance's Good Buy or Good Bye

August 2024
Bill Davis joins Julie Hyman on Yahoo Finance's Good Buy or Good Bye to discuss Tesla and Freeport McMoRan.


AI, ESG, and The Investment Revolution, Ep. 17 of Viewpoints by Hennessy

May 2024
Bill Davis joins Jay Colter from Hennessy Funds to discuss his insight on the current market environment.


Sustainable Investing in Tumultuous Times: A Deep Dive With Bill Davis from Stance Capital

May 2024
Bill Davis joins Elysabeth Alfano on the Upside & Impact: Investing for Change podcast to discuss sustainable investing in tumultuous times.



Ep 19: Harnessing unique data to develop competitive advantages with Bill Davis, Founder & Portfolio Manager at Stance Capital

December 2023
Bill Davis joins Gabe Rissman on this episode to share his experience of consistently leveraging unique datasets to power positive impact as well as discuss how he builds portfolios that allow for values alignment without sacrifices and why ESG investing is going through the pimply teenager stage of life.

INVESTING RESPONSIBLY - OUR CONVERSATION WITH STANCE CAPITAL

November 2023
Founding Partner of Stance Capital, Bill Davis, member of Climate Action 100+ and a signatory of the UN Principles for Responsible Investment is sharing his experiences of what investors need to see to be comfortable investing capital into certain markets.

MoneyLife With Chuck Jaffe – “Market Call With Kyle Balkissoon”

AUGUST 2023
Kyle Balkissoon, Hennessy Stance ESG ETF Portfolio Manager, discusses the components of Hennessy's quantitative approach, stressing that a company they consider must first be aligned with their values and be poised to outperform, as well as apply an optimization in an attempt to reduce portfolio level tail risk and mitigate downside losses.

Bloomberg Radio – Bill Davis Interviewed: “ESG and ETFs”

AUGUST 2023
Bill Davis, Hennessy Stance ESG ETF Portfolio Manager, believes ESG considerations in investing are here to stay and that there are risks that are existential to investor performance, such as those around climate.

TD Ameritrade Network - "Hennessy Stance ESG ETF (STNC) Holdings Highlight"

AUGUST 2023
Kyle Balkissoon, Portfolio Manager of the Hennessy Stance ESG ETF, believes there are two macro trends to watch – increased workplace productivity due to the AI wave, and a normalizing yield curve.

Bloomberg Podcast, The Tape, “ETF Strategies in the second half”

JULY 2023
Hennessy Funds Stance Cap ETF Co-Portfolio Manager, Kyle Balkissoon, relies on the concept of “explainable ESG,” to thoroughly screen each company to show investors know why a company is or isn’t in the portfolio. He believes companies with “prudent use of capital,” and showing stable consistent growth are well positioned for outperformance.

Bloomberg Radio – “Drive To The Close With Bill Davis”

APRIL 2023
Recognizing there are many valid approaches to ESG, Bill Davis, Portfolio Manager of Hennessy Stance ESG ETF, describes the fund as actively managed and free of fossils, weapons, and tobacco. He invests at the intersection of good ESG and good fundamentals across the economy.

TD Ameritrade - "What The Kroger & Albertson's Merger Means For Grocery Stocks"

MARCH 2023
Kyle Balkissoon, Porfolio Manager of the Hennessy Stance ESG Large Cap ETF, believes Kroger has good growth prospects regardless of its potential merger with Albertson's. He likes it as a stock that is likely to retain market position and absorb inflation better than some others.

Climate Progress at Caterpillar After Shareholder Engagement

MARCH 2023
Read As You Sow's press release for information on Caterpillar Inc's environmental progress to meet shareholder expectations and input from Bill Davis.

BILL DAVIS DRIVE TO CLOSE (AUDIO)

MARCH 2023
Listen to Portfolio Manager Bill Davis discuss the markets with Carol Massar and Madison Mills on Bloomberg Radio.

Bill Davis talks esg on fintech.tv

MARCH 2023
Portfolio manager, Bill Davis, talks with Jeff Gitterman on ETF Rundown to discuss STNC, ESG investing and its future, greenwashing, and more. Check out the full interview on Fintech.tv.

Bill Davis’ op-ed for investment news

MARCH 2023
“There’s too much complacency when it comes to ESG, driven by the fact that it’s much easier to simply accept a score and move on. And this to me is a far bigger issue than greenwashing.” Bill Davis tackles how greenwashing is masking a deeper problem within ESG investing.

ESG Decoded Podcast

MARCH 2023
Managing director, Bill Davis, talks ESG investing with Kaitlyn Allen on the ESG decoded podcast. Topics include the genesis of ESG data, portfolio construction, and more.

New york stock exchange

MARCH 2023
Founder and Managing Director Bill Davis joins Douglas Yones host of NYSE’s The Exchange live from the trading floor to discuss Stance Capital’s unique approach to ESG investing.

NASDAq

MARCH 2023
NASDAQ’s TradeTalks and Founder and Managing Director, Bill Davis discuss trends in ESG investing and incorporating Carbon Reduction in Portfolio Construction.

etf.com

MARCH 2023
ETF Custom Baskets A Game Changer (July 23, 2021)

NASDAQ

MARCH 2023
Actively-Managed ESG ETFs Offer Diversification for Investors (June 11, 2021)

New York Stock Exchange

MARCH 2023
Stance Capital Virtually Rings The Opening Bell (May 11, 2021)

Stance Debuts With Active ESG ETF

MARCH 2023
Stance Capital rolled out an actively managed ESG ETF that it had run as a separately managed account since 2014. The Stance Equity ESG Large Cap Core ETF (STNC) selects its holdings from the large-cap U.S. equity space as represented by the Russell 1000 and S&P 500 indexes. (March 17, 2021)

Stance Capital Announces Large-Cap Core ESG ETF

MARCH 2023
Stance Capital, a pioneer in quantitative ESG investing and research, is proud to announce the launch of the Stance Equity ESG Large Cap Core ETF (NYSE: STNC). The fund will be a series of The RBB Fund Inc. and will use Blue Tractor’s Shielded Alpha® ETF wrapper. (March 16, 2021)

Information about the Hennessy Stance ESG ETF (the “Fund”), a semi-transparent actively managed exchange-traded fund (“ETF”) with a Portfolio Reference Basket structure:

The Fund is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. The Fund will not. This may create additional risks for your investment. For example:

  • You may have to pay more money to trade the Fund’s shares. The Fund will provide less information to traders, who tend to charge more for trades when they have less information.

  • The price you pay to buy Fund shares on an exchange may not match the value of the fund’s portfolio. The same is true when you sell shares. These price differences may be greater for the Fund compared to other ETFs because it provides less information to traders.

  • These additional risks may be even greater in bad or uncertain market conditions.

  • The Fund will publish on its website each day a “Portfolio Reference Basket” designed to help trading in shares of the Fund. While the Portfolio Reference Basket includes all the names of the Fund’s holdings, it is not the Fund’s actual portfolio.

  • The differences between the Fund and other ETFs may also have advantages. By keeping certain information about the Fund portfolio secret, the Fund may face less risk that other traders can predict or copy its investment strategy. This may improve the Fund’s performance. If other traders are able to copy or predict the Fund’s investment strategy, however, this may hurt the Fund’s performance.

For additional information regarding the unique attributes and risks of the Fund, see the Prospectus and SAI.

https://go.hennessyfunds.com/STNC-StatutoryProspectus.pdf

https://go.hennessyfunds.com/STNC-SAI.pdf

https://www.hennessyetfs.com/etfs/stnc-esg-etf

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 1-800-966-4354.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted and can be found here. Neither forward earnings nor earnings growth is a measure of a fund’s future performance. Please click here for performance data.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted and can be found here. Neither forward earnings nor earnings growth is a measure of a fund’s future performance. Please click here for performance data.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

ESG investing risk is the risk stemming from the Environmental, Social, and Governance factors that the Fund applies in selecting securities. The Fund intends to invest in companies with measurable high ESG ratings relative to their sector peers, and screen out particular companies that do not meet its ESG criteria. This may affect the Fund’s exposure to certain companies or industries and cause the Fund to forego certain investment opportunities. The Fund’s returns may be lower than other funds that do not seek to invest in companies based on ESG ratings. The Fund seeks to pursue its investment objective by using proprietary models that incorporate quantitative analysis. There is no guarantee that the Portfolio Managers’ use of these models will result in effective investment decisions for the Fund. From time to time, the Fund may concentrate its investments in one or more industry sectors. The Fund is currently substantially invested in the Consumer Discretionary and Health Care sectors and its performance is therefore tied closely to, and affected by, developments in these industries.

The Portfolio Reference Basket is not expected to represent the actual portfolio of the Fund because the weightings of the securities in the Portfolio Reference Basket generally are different from the weightings of the securities in the actual portfolio.

Guardrail Amount: 10%

The Guardrail Amount is the maximum deviation between the weightings of the specific securities in the Portfolio Reference Basket and the weightings of those specific securities in the Actual Portfolio, as well as between the weighting of the respective cash positions. The Guardrail Amount is intended to ensure that no individual security in the Portfolio Reference Basket will be overweighted or underweighted by more than the publicly disclosed percentage when compared to the actual weighting of each security within the Actual Portfolio as of the beginning of each trading day. The Guardrail Amount is designed to help investors evaluate the risk of tracking error, which is the degree to which the performance of the Portfolio Reference Basket deviates from the performance of the Actual Portfolio.

Although the Portfolio Reference Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund.

The Fund’s bid-ask spreads and premiums/discounts may be larger than those for traditional ETFs due to the lack of transparency, thus making trading in the Fund’s shares more expensive.

Diversification does not eliminate the risk of experiencing investment loss.

Market participants may attempt to reverse engineer the Fund’s trading strategy, which, if successful, could increase opportunities for trading practices that may disadvantage the Fund and its shareholders.

The Fund is subject to certain other risks, including but not limited to, equity securities risk, large-capitalization risk, market risk, active strategy risk, and market trading risk. Investing involves risk, including possible loss of principal. Gains or losses on a single stock may have a greater impact on the Fund. For these and other reasons, there is no guarantee the Fund will achieve its stated objective.

Distribution Rate reflects the investment income per share during the last 12 months divided by the share price at the end of the period, expressed as an annual percentage rate. It is calculated by annualizing the Fund’s most recent distribution. The annualized dividend yield may not reflect the actual yield an investor would receive. Dividend Yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its share price. 30-Day SEC Yield is a standardized yield computed by dividing the net investment income per share earned during the past 30-day period by the share price at the end of the period, expressed as an annual percentage rate. The 30-Day SEC Yield should be regarded as an estimate of the Fund’s rate of recent investment income, and it may not equal the Fund’s actual distribution rate. Past yields are no guarantee of future yields.

Glossary of Terms contains definitions and additional information. https://www.hennessyfunds.com/glossary

Opinions expressed are subject to change at any time, are not guaranteed, and should not be considered investment advice.

The Hennessy Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Hennessy Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Quasar Distributors, LLC, Distributor.