series-portfolios-trust-unusual-whales-subversive-democratic-trading-etfSeries Portfolios Trust Unusual Whales Subversive Democratic Trading ETF(CBOE:NANC)

NANC aims to copy stock investments of sitting Democratic members of the US Congress, including their families. Under the STOCK Act, Congress members and their families are required to disclose their trading activities through Periodic Transaction Reports (PTRs). The initial portfolio makes use of PTRs for the past three years. Selection and weighting are then informed by buy/sell decisions reported in PTRs while in office. The actively managed fund invests in about 500-600 stocks that could vary based on the number of positions traded. The fund excludes trades reported in individual PTRs as bought and sold, transactions in the securities underlying any reported options contract, and those acquired before the Congressmembers term. NANC may transact in sector-specific funds, as reported on PTRs, but excludes broad-based funds. The fund does not consider investments by Congress members that are registered outside of the Democratic party.