New ETF sponsor: Humankind Investments

Humankind US Stock ETF

Index: Humankind US Equity Index
Ticker: N/A
Expense Ratio: N/A

Investment Rationale:

Through its utilization of a “humankind value,” the Index is designed to help investors align their investment portfolios with their values by including companies based on their positive impact on humankind.

Investment Adviser: Humankind Investments, LLC

Founder & CEO: James Katz

Index: Humankind US Equity Index

Index universe: US-domiciled stocks excluding business development companies and private equity companies. Minimum market capitalization: $500M, $1M ADV

Weighting: Humankind value. Individual constituents capped at 4% max.

Number of constituents: 1,000

Index replication: representative sampling

Summary of Index

Index methodology is not fully developed yet. So far: 1,000 US-domiciled listed companies will be selected for the index by an assigned proprietary "Humankind Value". This value calculation is based on:

• Investor Value
• Consumer Value
• Employee Value
• Societal Value

Further adjustments are made according to supply chain relationships and cross-holdings.

Specific Factors Considered

A list of examples of specific factors considered in conjunction with the above four categories of value include: food production and distribution; water and sanitation access; healthcare benefits; greenhouse gas emissions; free digital services; air pollution; tobacco; alcohol production; breastmilk substitute production; firearms manufacturing; consumer data harvesting; discrimination; food addiction; for-profit healthcare; gambling; internet addition; noise pollution; nuclear power generation; opioid production; predatory lending; private prisons; plastic pollution; shelter; slave labor; travel-injuries; war; water pollution; workplace injuries; and adult entertainment.

Preliminary prospectus is here.