Courtney Rosenberger
Portfolio Manager

OETV Interview with Courtney Rosenberger 10/06/2022

Strategas Asset Management Portfolio Manager Courtney Rosenberger appeared on OETV with Mehdi Sunderji to talk all things midterms, including the impact of midterm elections on market trends and investment implications to keep in mind as well as how those ideas coincide with the Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. For fund holdings click herehttp://strategasetfs.com/sagp  Holdings are subject to change.

Jerry Hendricks
Portfolio Manager

OETV Interview with Jerry Hendricks 09/29/2022

Strategas Asset Management Portfolio Manager Jerry Hendricks sits down with Open Exchange TV’s Scott Duxbury to discuss ETF tax efficiencies, how taxes are managed when an ETF needs to be rebalanced and how it relates to the Strategas Global Policy Opportunities ETF (NYSE: SAGP) and Strategas Macro Thematic Opportunities ETF (NYSE: SAMT)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. For fund holdings and performance, click here http://strategasetfs.com/sagp  http://strategasetfs.com/samt. Holdings are subject to change.

Investment comparisons are for illustrative purposes only and not meant to be all-inclusive. To better understand the similarities and differences between investments, including investment objectives, risks, fees, and expenses, it is important to read the products' prospectuses.

ETFs and mutual funds each hold baskets of securities. ETFs trade on exchanges intraday at market price, which may be greater or less than net asset value. ETFs shares are not individually redeemed from the fund. Transactions in shares of ETFs result in brokerage commissions and generate tax consequences. Mutual funds are accessed directly from the fund company or through a select broker, pricing generally occurs once a day, and investors buy or redeem shares at the end-of-day net asset value, less any applicable fees. Some mutual funds may charge sales loads or redemption fees.

Mutual funds and ETFs are obliged to distribute portfolio gains to shareholders. Trading shares of ETFs will also generate tax consequences and transaction expenses. This material is not intended to be tax advice. The tax consequences of distributions may vary by individual taxpayer. Please consult your tax professional or financial adviser for more information with regard to your specific situation.

Diversification and asset allocation may not protect against market risk.

Nicholas Bohnsack
Chief Executive Officer

TD Ameritrade Interview with Nicholas Bohnsack 09/19/2022

Strategas Asset Management CEO and Portfolio Manager Nicholas Bohnsack was on TD Ameritrade’s “Market on Close” to talk market weakness, expectations of the Federal Reserve's monetary policy and how the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) is positioned to potentially benefit

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. For fund holdings and performance, click here http://strategasetfs.com/samt. Holdings are subject to change.

Nicholas Bohnsack
Chief Executive Officer

NYSE's ETF Rundown featuring Nicholas Bohnsack 09/15/2022

Strategas Asset Management CEO and Portfolio Manager Nicholas Bohnsack was featured on NYSE's ETF Rundown to discuss the Strategas brand, thematic investing, his take on the markets and how the Strategas Macro Thematic Opportunities ETF (NYSE:SAMT) and Strategas Global Policy Opportunities (NYSE:SAGP) is positioned to potentially benefit

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. http://strategasetfs.com/samt  http://strategasetfs.com/sagp Holdings are subject to change.

Nicholas Bohnsack
Chief Executive Officer

NYSE's The Exchange featuring Nicholas Bohnsack 08/11/2022

Strategas Asset Management CEO and Portfolio Manager Nicholas Bohnsack was featured on NYSE's, The Exchange with Doug Yones to discuss his take on the current market dynamics, his thoughts on macroeconomic factors such as inflation and thus how the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) is positioned to benefit

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. Holdings are subject to change.

Nicholas Bohnsack
Chief Executive Officer

TD Ameritrade Interview with Nicholas Bohnsack 07/27/2022

Strategas Asset Management CEO and Portfolio Manager Nicholas Bohnsack was featured on Morning Trade Live with Oliver Renick to discuss the market upheaval, the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) and his thoughts on investing in the second half of 2022

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. For fund holdings and performance, click here http://strategasetfs.com/samt. Holdings are subject to change.

Dan Clifton
Portfolio Manager

OETV Interview with Dan Clifton 07/21/2022

Strategas Asset Management Portfolio Manager Dan Clifton appeared on OETV with Scott Duxbury to discuss the changing policy landscape, its investment implications and the Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. For fund holdings click here http://strategasetfs.com/sagp. Holdings are subject to change.

Jason Trennert
Chief Investment Officer

The ETF Edge Show with Jason Trennert 07/19/2022

Strategas Asset Management Chief Investment Officer Jason Trennert appeared on ETF Edge with Bob Pisani to discuss the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) and his thoughts on investing in the second half of 2022

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. For fund holdings and performance, click here http://strategasetfs.com/samt.

Courtney Rosenberger
Portfolio Manager

ETF.com Podcast with Courtney Rosenberger 07/08/2022

Strategas Asset Management Portfolio Manager Courtney Rosenberger appeared on ETF.com's "Working Lunch" podcast with Heather Bell, to discuss the Strategas Macro Thematic Opportunities ETF (NYSE) and the Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. For fund holdings click here http://strategasetfs.com/samt http://strategasetfs.com/sagp Holdings are subject to change.

Nicholas Bohnsack
Chief Executive Officer

Gravity Exists Podcast with Nicholas Bohnsack 07/06/2022

Strategas Asset Management CEO and Portfolio Manager Nicholas Bohnsack was featured in Gravity Exist's "Wednesday Lunch" podcast, to discuss the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) and the Strategas Global Policy Opportunities ETF (NYSE: SAGP)

The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. For fund holdings click here http://strategasetfs.com/samt http://strategasetfs.com/sagp Holdings are subject to change.

Jason Trennert
Chief Investment Officer

OETV Interview with Jason Trennert 06/21/2022

Strategas Asset Management Chief Investment Officer Jason Trennert appeared on OETV with Scott Duxbury to discuss the volatility within markets and discuss the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) and Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. For fund holdings click here http://strategasetfs.com/samt http://strategasetfs.com/sagp. Holdings are subject to change.

Ryan Grabinski
Portfolio Manager

OETV Interview with Ryan Grabinski 06/13/2022

Strategas Asset Management  Portfolio Manager Ryan Grabinski appeared on OETV with Scott Duxbury to answer investor questions on the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. For fund holdings click here  http://strategasetfs.com/samt . Holdings are subject to change.

Nicholas Bohnsack
Chief Executive Officer

ETF Prime Podcast with Nicholas Bohnsack 06/02/2022

Strategas Asset Management CEO and Portfolio Manager Nicholas Bohnsack was featured in The ETF Store's "ETF Prime" podcast to discuss the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT) and the Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. Diversification does not ensure a profit or guarantee against a loss. For fund holdings click here http://strategasetfs.com/samt http://strategasetfs.com/sagp . Holdings are subject to change.

Courtney Rosenberger
Portfolio Manager

OETV Interview with Courtney Rosenberger 05/24/2022

Strategas Asset Management  Portfolio Manager Courtney Rosenberger appeared on OETV with Scott Duxbury to discuss trends and themes within lobbying efforts of the individual companies incorporated into the Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information. For fund holdings click herehttp://strategasetfs.com/sagp  Holdings are subject to change.

Jason Trennert
Chief Investment Officer

One on One with Jason Trennert 05/13/2022

Strategas Securities’ Rob Lapolla sits down with Strategas Asset Management Portfolio Manager Jason Trennert to discuss the latest macro themes and positioning within the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information.

Jerry Hendricks
Portfolio Manager

OETV Interview with Jerry Hendricks 05/06/2022

Strategas Asset Management Portfolio Manager Jerry Hendricks sits down with Open Exchange TV’s Mehdi Sunderji to discuss our process and newest theme within the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT)

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The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Holdings are subject to change. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. This research is provided for educational purposes only. Strategas claims no responsibility for its accuracy or the reliability of the data provided. This information is not intended to provide legal and/or tax advice. Please consult your financial advisor for further information.

Jason Trennert
Chief Investment Officer

Barron’s Interview with Jason Trennert 05/04/2022

He Talks to Taxi Drivers and Bartenders for Research. Here Are His Stock Picks.


To generate investment research, market strategist Jason De Sena Trennert relies on quantitative analysis and shoe-leather reporting. “I spend a lot of time just talking to people,” says the chairman of Strategas, an investment-strategy, economic, and policy-research firm. “I talk to taxi drivers, bartenders, coat-check clerks, local businessmen — anyone — to figure out what’s happening. It’s an extremely important part of the way we do our research.”

Trennert fell in love with financial markets during his first job, at Smith Barney in 1988. “It was an exciting time,” he says. “If you’re a news junkie, following the financial markets is one of the more intellectually stimulating jobs you can have because everything, especially on the macro side, becomes important. Everything that you see on the nightly news has an investment implication.”

In 2006, Trennert co-founded Strategas. Today, the firm has clients in 45 states and 25 countries. He spoke with Barron’s from his office in New York about what he sees as the greatest risk to the U.S. economy, why he is skeptical about investing in China and environmental, social, and corporate governance, or ESG, investing, and why he’s excited about the firm’s two exchange-traded funds. An edited version of the conversation follows.

Barron’s: What do you see as the greatest risk to the economy and markets this year?

Jason De Sena Trennert: It’s not only inflation, which hasn’t peaked yet, but also the Federal Reserve fighting inflation and not having the ability to be patient. The risk is that the Fed will tighten much more aggressively and more than the market anticipates, which will include not only increases in the federal-funds rate but a decline in the size of the Fed’s balance sheet.

What should the Fed do?

They should continue to tighten until inflationary expectations get close to their target of 2.5%, regardless of what that means for the financial markets. What I’m afraid of is that the “Fed put” — the expectation that the Fed will bail out the stock market anytime there’s a problem — will re-emerge. If the market is down 20%, they could say, “Ah, just kidding.”

In December 2020, you wrote that inflation is the investment question for the next decade. Good call!

There are three reasons why inflation is likely to be sticky. First, at least in the U.S., we’re at full employment currently, and there are still 11 million job openings. So, at a time when headline inflation is going up, wage inflation is virtually certain. Second, rents are likely to be up very meaningfully. Rents generally follow housing prices, and housing prices were up 18% last year. Third, our environmental policies are going to keep the price of oil and gas and the prices of industrial metals higher longer than many people had expected.

Why do you think that will happen?

The Biden administration and the ESG movement have made it more difficult for domestic producers of oil and gas to drill. This is a departure from the attitude of the federal government during the Trump administration. As a result, the world is short American oil at a time when, due to the reopening of the economy after COVID and the war in Ukraine, we need it. There has also been a decision to go all-in on electric vehicles, which are highly dependent on extractive materials such as copper, lithium, and manganese.

How will inflation play out in the midterm elections?

Whether one thinks it’s fair or not, the party in power gets blamed for inflation. History is pretty clear on that issue. In this case, I believe it isn’t unfair to hold the Biden administration or the Democrats accountable for the fact that there’s higher inflation, at least as it relates to energy prices. It seems to me that the Democrats are likely to pay a price in November if the price of oil and gas stays as high as it is. There are other issues, but from an economic perspective, that will probably be the most significant issue.

What is the risk of a recession in the U.S. this year?

A recession in the U.S. in 2022 is unlikely because of how tight the labor markets are and the amount of personal and corporate savings in the system. Having said that, the chances of recession in 2023 are at least 1 in 3, and growing.

And in Europe?

It’s almost certain that they’ll have a recession that will start this year. Europe, unfortunately, is pretty close to recession even in the best of times because of demographics and lower productivity. They’re never really growing at more than 1% or 2%, even when things are booming. The hit that commodities will have on those economies is going to be significant.

You’re skeptical about ESG investing. Why?

Mainly, there was no cost to ESG investments over the past 10 years. Given my outlook, it is unlikely that will be true in the future. The costs associated with ESG investing will be more concrete. Some people may view that as an acceptable trade-off, ethically or morally, or what have you. But I’m not sure everyone has that luxury, particularly pension plans, endowments, foundations, and other fiduciaries that have to produce a certain level of income or return. It may not be as easy to ignore the performance of energy companies and basic-materials companies as it was in the past.

What is your view about investing in China?

For the long-term investor, China is uninvestible. That’s largely because there are questions about what an investor really owns in buying stock in a Chinese company. There is the VIE [variable interest entity] structure, which means you don’t have a claim on real assets. In a period in which people are likely to be taking less risk, fewer people are going to feel comfortable with that structure.

Which market sectors do you favor?

We’re overweight energy and basic materials and certain industry groups within financials and industrials. There is underinvestment in energy and materials. Given the likely demand in the next several years, companies in those sectors are going to benefit dramatically. Within the financials, we tend to favor regional banks, as opposed to the big money-center banks. As long as the yield curve stays positive, [regionals are] a pure play on higher long-term interest rates.

Within industrials, we like aerospace and defense and infrastructure companies.

In January, the firm launched two ETFs. Tell us about them.

These ETFs give individual investors a way to access our research by investing alongside us in the themes that we think are most important. The Strategas Macro Thematic Opportunities fund [ticker: SAMT] is different from other thematic funds because we pick four themes and rotate them based on events. We are actively managing the themes, whereas most thematic funds just pick one theme and stick with it.

What are the four themes?

Higher inflation, quantitative tightening, cyclical defensives, and the end of globalization. In the inflation basket, we did a lot of data scrubbing to find companies that we thought had pricing power. I’ll give you two examples: Cheniere Energy [LNG] and Nucor [NUE]. In quantitative tightening, these are companies that we would describe as self-funding, or that don’t have to increase their capital spending and aren’t affected by long-term interest rates. Archer-Daniels-Midland [ADM] and Baker Hughes [BKR] are two examples. In cyclical defensives, we own Johnson & Johnson [JNJ] and Waste Management [WM]. And in the end-of-globalization bucket, Deere [DE] and Maxar Technologies [MAXR].

Sounds like you’re in the same camp as BlackRock CEO Larry Fink, who sees an end to globalization.

Sadly, I think globalization is dead. I say sadly because it’s better for mankind. It makes the economy more efficient and lifts more people out of poverty. Unfortunately, the general assumption that greater economic ties and greater trade would lead to more adoption of Western values has, in retrospect, been misguided. I don’t think there’s much evidence to suggest that either China or Russia has become more Western.

What is your second ETF?

Strategas Global Policy Opportunities [SAGP] invests across the capitalization spectrum and the globe, identifying companies with the possibility of mispriced earnings due to public-policy changes. The ETF has performed well during the recent geopolitical and inflation volatility by focusing on several themes, such as increased defense and cyberspending. General Dynamics [GD] and Elbit Systems [ESLT] are two defense companies that can benefit in this area. A second is a focus on energy and mining, such as Cameco [CCJ] and Century Aluminum [CENX].

Healthcare is also a big theme of the fund, particularly in small- and mid-caps, where we continue to see merger-and-acquisition activity. UnitedHealth [UNH] recently announced the purchase of LHC Group [LHCG], a holding of the ETF. Lantheus Holdings [LNTH] and Pacira Biosciences [PCRX] have been strong leaders this year among our healthcare holdings.

Is anyone else doing this?

I don’t think so. But as the size of government gets larger and as the shadow of government over the economy gets longer, knowing how to maneuver the levers of Washington or foreign capitals becomes important.

Thanks, Jason.


By Lauren Foster   Barron's Interview  April 14, 2022 3:00 am

Holdings are subject to change. The linked article represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular

Dan Clifton
Portfolio Manager

OETV Interview with Dan Clifton 04/26/2022

Strategas Asset Management Portfolio Manager Dan Clifton appeared on OETV with Scott Duxbury to discuss how increasing policy uncertainty among businesses, the shifting geopolitical outlook, and the 2022 midterm elections is incorporated into Strategas Global Policy Opportunities ETF (NYSE: SAGP)

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The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. Please consult your financial advisor for further information. For Standardized Performance click here – (https://strategasetfs.com/sagp). The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Index returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Holdings are subject to change. MSCI ACWI - The MSCI All Country World Index (MSCI ACWI) is an international equity index, which tracks stocks from 23 developed and 24 emerging markets countries. For the graphic at 1:38- SEC Risk Factors, Source: Strategas Securities, Companies 10-K The universe of companies is a representative sample of S&P 500 companies weighted by sector identical to the weightings of the S&P 500. Companies rank the risks to their businesses on their 10-K’s and do so in order. We can see which companies place a higher factor ranking on government policy than other risks including these:1. Systematic risk 2. Financial risk 3. Tax risk 4. Legal risk 5. Government and political risk6. Selection of CompaniesFor the graphic at 2:06 – Source: Yahoo Finance, Performance is of April 12, 2022 For the time period shown, the performance of SAGP was 5.41% (SAGP) -1.41% (ACWI) Left Hand Scale shows the percentage change of the SAGP ETF and MSCI ACWI since the inception of the ETF (1/24/2022). Both are indexed to 100. 100 = 0% change.For the graphic at 3:43 – Defense and Geopolitical Risk Source: https://www.matteoiacoviello.com/gpr.htm Left Hand Scale: S&P 500 Defense stocks relative to the S&P 500. As of April 12, 2022 Right Hand Scale: Federal Reserve Geopolitical Risk Indicator.

Dan Clifton
Portfolio Manager

CNBC Interview with Dan Clifton 04/11/2022

Strategas Asset Management Portfolio Manager Dan Clifton appeared on CNBC’s ‘The Exchange’ with Kelly Evans to discuss recent trends in corporate lobbying and the team incorporates them in the Strategas Global Policy Opportunities ETF (NYSE: SAGP).

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The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. For standard performance and holdings, go to www.strategasetfs.com/sagp.

Nicholas Bohnsack
Chief Executive Officer

OETV Interview with Nicholas Bohnsack 04/10/2022

Strategas Asset Management CEO & Portfolio Manager Nicholas Bohnsack sits down with Open Exchange TV’s Scott Duxbury to discuss macro themes and the current positioning of the Strategas Macro Thematic Opportunities ETF (NYSE: SAMT). 

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Relative Strength Index (RSI) – a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions. Moving Average Convergence Divergence (MACD) – a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Swap Curve – identifies the relationship between swap rates at varying maturities. The linked video represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. For standard performance, please see http://www.strategasetfs.com/samt

Carefully consider each Fund’s investment objectives, risk, and charges and expenses. This and other information can be found in the Fund’s summary or full prospectus which can be obtained by calling 855-457-3637 or by visiting strategasetfs.com. Please read the prospectus carefully before investing.

Strategas Asset Management, LLC serves as the investment advisor for each Fund and Vident Investment Advisory, LLC serves as a sub advisor to each Fund. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Strategas Asset Management, LLC or any of its affiliates.

Both funds may be more heavily invested in particular sectors and may be especially sensitive to factors and economic risks that specifically affect those sectors. These funds may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.

An investment in the Funds involves risk, including possible loss of principal. In addition to the normal risks associated with investing, the Strategas Global Policy Opportunities ETF (SAGP) is subject to lobbying focused investment risk. The advisor’s investment process utilizes lobbying intensity as the primary input when selecting investments for the Fund’s portfolio and does not consider an investment’s traditional financial metrics. The Fund may underperform other funds that select investments utilizing more traditional investment metrics. The Fund may also focus its investments in a particular country or geographic region outside the U.S. and may be more susceptible to economic, political, regulatory or other events or conditions affecting issuers and countries within that country or geographic regions well as risks of increased volatility and lower trading volume. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

In addition to the normal risks associated with investing, the Strategas Macro Thematic Opportunities ETF (SAMT) is subject to macro-thematic trend investing strategy risk. Therefore, the value of the Fund may decline if, among other reasons, macro-thematic trends believed to be beneficial to the Fund do not develop as anticipated or maintain over time, or the securities selected for inclusion in the Fund’s portfolio do not perform as anticipated.

Diversification may not protect against market risk.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.