American Conservative Values ETF (NYSE: ACVF) has liquidated its Coca-Cola and Delta Airlines holdings, adding them to its Investing Boycott List.
The Fund’s Management has long held the belief that politically active companies negatively impact their shareholder returns

Washington, April 9th, 2021 — Today the American Conservative Values ETF (NYSE: ACVF) announced it is adding Coca-Cola and Delta Airlines to its investing boycott list over the companies’ decision to publicly denounce the recently passed Georgia election law. Their actions ignited retaliatory efforts by lawmakers and the national adverse publicity resulted in brand damage which can lead to reduced sales and revenues for the companies.

“The CEOs of Coca-Cola and Delta Airlines exercised questionable judgment by inserting their companies into a political issue that could bring significant backlash to their brands which can harm long-term shareholder value,” said Tom Carter president of Ridgeline Research adviser to the American Conservative Values ETF.

Coke and Delta have injected themselves into the debate on the Georgia election law and by doing so hurts their shareholders. It is fine for them to lobby for or against legislation that affects their business but in this case this law does not.

These CEOs are derelict in their duty to the shareholders by wading into this debate. Instead of acting in the best interests of shareholders these CEOs are using their corporate positions as a platform to project their personal agenda.

As of April 8th, the American Conservative Values ETF will no longer invest in Coca-Cola and Delta Airlines and has liquidated its existing positions in these companies. With the additions of Coca-Cola and Delta Airlines, the American Conservative Values ETF is currently boycotting investing in 25 large-cap companies which currently represent approximately 25 percent of the S&P 500 Index’s company weights.

“We created the American Conservative Values ETF for political conservative investors who want to avoid investing in companies that do not align with their political values,” said Carter adding, “I’m proud to offer an alternative to the S&P 500, which currently keeps 25 cents of every invested dollar out of these companies.”

About ACVF
ACVF seeks to boycott ownership of companies which the adviser determines support liberal causes, charities, advocacy groups, campaigns, candidates, PACs, and think tanks. The fund is designed to be a core holding replacement for Large Cap Index ETFs and Mutual Funds. Its portfolio is broadly diversified and seeks to manage active risk to capitalization-weighted benchmarks such as the Russell 1000 and S&P 500.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting Read the prospectus and Summary Prospectus carefully before investing.

An investment in the Fund is subject to risks, including the possible loss of the principal amount invested. Overall stock market risks may affect the value of individual securities in which the Fund invests. The Fund is actively managed, the Adviser’s investment decisions impact the Fund’s performance. The Fund and Adviser are new, the ETF has only recently commenced operations. This Fund may not be suitable for all investors.

The ACVF Fund is distributed by Foreside Fund Services, LLC.

The Fund is structured as an ETF and as a result, is subject to special risks. Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.

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