The folks at a $198-million-AUM (as of yesterday) ESG shop in Texas and a Washington, D.C.-based non-profit are celebrating
their joint ETF's wood anniversary.
| Ethan Powell|
Founder and President
August 24 was the fifth birthday of the Impact Shares YWCA Women's Empowerment ETF
(WOMN on the NYSE Arca
), and to celebrate the YWCA USA
and Impact Shares teams rang the NYSE's closing bell that day. The passively managed fund is one of Impact Shares' three funds and is a series of Impact Shares Trust I
. Dallas-based Impact Shares is a seven-year-old
, non-profit ETF issuer that specializes
in teaming up with nonprofits to create bespoke indexes and ETFs, and WOMN's anniversary comes about a month after the anniversary of Impact Shares' flagship
WOMN's inception date
was August 24, 2018. As of yesterday, the fund had $40.467 million in AUM. It comes with an expense ratio of 75 basis points.
serves as WOMN's index provider, and the fund is designed to track the Morningstar Women's Empowerment Index
. Impact Shares, Corp. is the fund's investment advisor, and Impact Shares president Ethan Powell
has PMed the fund since inception. YWCA is the partner non-profit to the fund.
"WOMN continues to successfully illustrate the investor demand for mission-driven, value-aligned products," Powell states, praising YWCA's "unwavering commitment" to Impact Shares' "mission to drive social change through financial investments."
, CEO of YWCA USA, describes the ETF as "yet another way that YWCA demonstrates [its] commitment to gender equity and [its] innovative approach to realizing that ideal in America."
"We are proud of our strong partnership with Impact Shares in the pursuit of a more equitable future for women," Mitchell states. "We're excited that investors are seeing the tremendous potential to support companies that are promoting gender equity and empowering women."
WOMN's other service providers include: Bank of New York Mellon
as custodian, dividend disbursing agent, and transfer agent; Ernst & Young LLP
as independent accounting firm; SEI Investments Distribution Co.
as distributor; and SEI Investments Global Funds Services as administrator.
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