A Salute to an ETF ‘HONRing’ U.S. Veterans

The HONOR ETF is a socially responsible fund that tracks U.S. companies supporting veterans. To be included, companies need a military-friendly rating from Victory Media. The fund is equally weighted, holding over 100 large and mid-cap stocks, including Starbucks and GM. With $25 million in assets, its expense ratio is relatively high, but part of its revenue supports charities. Launched in January 2018, it has underperformed the S&P 500 and is rated yellow by Bloomberg Intelligence due to low trading volume and alternative weighting.

What is the expense ratio of the ETF, and how is it justified?

What has been the performance of the ETF compared to the S&P 500 since its inception?