Subversive Mental Health ETF

Cboe: SANE

Listed December 23, 2022

The Subversive Mental Health ETF (Ticker: SANE) is an actively managed fund that seeks to achieve its investment objective of long term capital appreciation by investing in a portfolio of publicly listed equity securities of companies that intersect at least one area of mental health, including, but not limited to, metabolic devices, fitness, sleep, nutrition, and the companies that invest in such companies.

We aim to also identify mental health companies working on new tools, treatments, and medications designed to help address the global toll of untreated or ongoing mental health issues, including major depressive disorder (MDD). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of mental health companies.

In selecting investments for the Fund, we will apply a top-down approach, utilizing primarily quantitative factors, focusing on mental health companies that are cash flow positive. However, we may also consider qualitative factors with a view toward growth and earning potential. In the selection process, we will give greater weight to mental health companies whose primary business models and growth prospects are dedicated to mental health and fitness.

When determining the companies eligible to be considered mental health companies, we also take into consideration that metabolic health is mental health. Metabolic disorders are estimated to impact as much as 40% of the American population, with similar trends appearing globally. Accordingly, SANE intends to invest in companies that promote and intersect metabolic health.

In addition, we will include in the universe of mental health companies those companies that provide mental health solutions, from devices to pharmaceuticals. We will consider for inclusion in the Funds portfolio companies that provide lower cost or small-scale solutions from medical devices to software applications, as well as large-scale pharmaceutical interventions aimed at addressing depression and pain
management, and long-term solutions to both. 

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About Subversive ETFs

Subversive Capital Advisor LLC is a recently established investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Leveraging our team’s track record in both the private and public sectors, we aim to bring all investors our institutional knowledge and network to help drive meaningful value for their portfolios. The firm’s investment strategies primarily focus on different mission-driven emerging sectors that we believe will shape the economy of the future. The companies we invest in are bold, daring, and uninhibited enough not to let the world as it exists today limit their imagination for opportunities of the future.