Strive 500 ETF retains its Morningstar Medalist Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the lowest 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 an overweight 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 reasonable fees and continuity among portfolio managers.

Analyst Rating

Microsoft

Apple

NVIDIA

Amazon

Alphabet

Eli Lilly

Broadcom

JPMorgan Chase & Co

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 500 ETF earns an Above Average Process Pillar rating. The main 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 strengthens 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 Bloomberg U.S. Large Cap Index consist of the 500 most highly capitalized companies.  Under normal circumstances, substantially all of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The Sub-Adviser expects that, over time, the correlation between the fund’s performance and that of the index, before fees and expenses, and will be 95% or higher. 

 The portfolio is overweight in technology by 3.3 percentage points in terms of assets compared with the category average, and its communication services allocation is similar to the category. The sectors with low exposure compared to category peers are industrials and financial services; however, the allocations are similar to the category. The portfolio is composed of 500 holdings and is diversified among those holdings. In its most recent portfolio, 31.5% of the portfolio's assets were concentrated in the top 10 fund holdings, as opposed to the category average's 49.5%. And finally, in terms of portfolio turnover, this fund trades less regularly than the typical peer in its category, which may result in a lower cost to investors.

Above Average

Process

Strive Asset Management’s team earns a Below Average People Pillar rating. The team benefits from the firm's five-year retention rate of 100%. However, the rating is limited 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

Even though Strive Asset Management only has a one-year track record, it has shown to be an industry-standard steward, warranting an Average Parent Pillar rating. Strive Asset Management currently runs 12 vehicles, with a total of $1.36 billion under management and a bench of six portfolio managers.   

 The firm’s economical fees on open-end and exchange-traded funds truly evince a firmwide commitment to minimizing costs and maximizing investors’ returns. The average net expense ratio of the firm’s funds falls within the lowest quintile of firms.  

 To retain an Average rating, Strive Asset Management needs to maintain a consistent track record of positive investor experience.

Average

Parent

Strive 500 ETF

STRV tracks a market cap-weighted index of the 500 largest companies across all sectors in the US equity market.

The Strive 500 ETF (STRV) was launched on 09/15/2022, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.

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HAVERTOWN, Pa. , Jan. 12, 2024 /PRNewswire/ -- (ETF Architect) – Effective on or about Friday, January 26, 2024, the Strive 500 ETF (the "Fund") will undergo a change to it benchmark.

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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

STRV is a passively managed ETF holding 500 of the largest U.S. stocks and has a similar composition as S&P 500 ETFs. The difference is that Strive Asset Management advocates for shareholder and against stakeholder capitalism, implying U.S. corporations are putting politics ahead of profits. My view is shareholder and stakeholder capitalism aren't mutually exclusive. Besides, Strive's combined AUM is less than $1 billion, so the firm's votes won't carry much weight.

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COLUMBUS, Ohio--(BUSINESS WIRE)--Strive Asset Management (“Strive”) launches its second index fund, the Strive 500 ETF (NYSE: STRV, expense ratio: 0.0545%), which seeks to track the returns of the Solactive GBS United States 500 Index. STRV provides diversified large-cap exposure to established U.S. corporations at a competitive rate. Strive, through its approach to proxy voting and shareholder engagement, aims to unlock value for investors by mandating companies to focus on maximizing value ov

News for Strive 500 ETF ETF (STRV)