Strive U.S. Semiconductor ETF retains its Morningstar Medalist Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.  

 The strategy's investment process inspires confidence and earns an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant overweight position in liquidity exposure and volatility exposure compared with category peers. High liquidity exposure is attributed to stocks with a high trading volume, lending managers more flexibility. And high volatility exposure is rooted in stocks that have a higher standard deviation of returns. The team managing this passive strategy earns a Below Average People Pillar rating. The strategy's parent organization doesn't stand out, earning the firm an Average Parent Pillar rating. It has displayed a handful of investor-friendly attributes including overall attractive fees and continuity among portfolio managers.

Analyst Rating

NVIDIA

Advanced Micro Devices

Micron Technology

Texas Instruments

Broadcom

Applied Materials

Lam Research

Analog Devices

Intel

KLA-Tencor

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. Strive U.S. Semiconductor ETF earns an Above Average Process Pillar rating. The most significant contributor to the rating is that this fund tracks an index. Historical data, such as Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The firm's five-year retention rate of 100% also contributes to the process. Lastly, the process is limited by the experience of the management team, which averages one year at this fund.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to track the total return performance, before fees and expenses, of the Solactive United States Semiconductors 30 Capped Index composed of U.S.-listed equities in the semiconductor sector.  The index is a subset of a float-adjusted capitalization weighted index of equity securities covering approximately the largest 99% of the free-float market capitalization in the U.S. stock market stock market. Under normal circumstances, and at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in U.S. semiconductor companies. It is non-diversified. 

 The portfolio is overweight in technology by 21.1 percentage points in terms of assets compared with the category average, and its basic materials allocation is similar to the category. The sectors with low exposure compared to category peers are communication services and consumer cyclical, underweight the average by 9.4 and 4.4 percentage points of assets, respectively. The portfolio is composed of 32 holdings and is quite concentrated. More concretely, 62.2% of the strategy's assets are housed within the top 10 holdings, compared to the typical peer's 52.3%. And finally, in terms of portfolio turnover, looking at year-over-year movements, 10% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.

Above Average

Process

Strive Asset Management’s team receives a Below Average People Pillar rating. The team benefits from the firm's five-year retention rate of 100%. However, the rating is held back by the experience of the management team, which averages one year at this fund. The number of months that the management team has been running this vehicle together also holds the rating back. Since this is a newly incepted product, more time is needed to monitor the team's capability at executing the strategy.

Below Average

People

Since its inception only one year ago, Strive Asset Management has demonstrated that it can be trusted as much as the next asset manager. As a result, it has an Average Parent Pillar rating. Strive Asset Management currently oversees 12 vehicles, with a total of $1.26 billion under management and a roster of six portfolio managers.   

 The below-average fees of Strive Asset Management's open-end and exchange-traded funds display a commitment to maximizing investor returns. The average net expense ratio for its funds ranks within the lowest quintile of peer asset managers.  

 To maintain an Average rating, Strive Asset Management will be expected to maintain a consistent track record of positive investor experience.

Average

Parent

Strive US Semiconductor ETF

SHOC tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market.

SHOC tracks an index that provides exposure to 30 semiconductor companies in the US equity market. The fund selects and weights securities based on market cap, adjusted to take into account their revenue exposure to the sector.

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HAVERTOWN, Pa. , Jan. 9, 2023 /PRNewswire/ -- (ETF Architect) -- EA Series Trust announces that the following funds will move their primary listings to the New York Stock Exchange: Strive U.S. Energy ETF (NYSE Arca: DRLL), Strive 500 ETF (NYSE Arca: STRV), Strive U.S. Semiconductor ETF (NYSE Arca: SHOC), Strive Emerging Markets Ex-China ETF (NYSE Arca: STXE), Strive FAANG 2.0 ETF (NYSE Arca: FTWO), Strive 1000 Dividend Growth ETF (Nasdaq: STXD), Strive 1000 Growth ETF (Nasdaq: STXG) Strive 1000 Value ETF (Nasdaq: STXV) and Strive Small-Cap ETF (Nasdaq: STXK), collectively, the "Funds".

Nine Strive funds will move primary listing from NYSE Arca, Inc. and NASDAQ Stock Market LLC to New York Stock Exchange

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COLUMBUS, Ohio--(BUSINESS WIRE)--Strive Asset Management (“Strive”) launches its third index fund today, the Strive U.S. Semiconductor ETF (NYSE: SHOC, expense ratio: 0.40%), offering investors the opportunity to gain broad exposure to the U.S. semiconductor sector amid escalating geopolitical risk in Taiwan, the nation responsible for manufacturing 60% of the world's foundry semiconductors. Semiconductors are the essential computing hardware for mobile phones, computers, cars, and even refrige

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