Subversive Congressional Democrats Trading ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About NANC
TheFund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investingprimarily in equity securities of publicly-traded companies that sitting Democratic members of the U.S. Congress and/or theirfamily members (i.e., a spouse and/or any dependent children) also have reported to have invested in through public disclosurefilings made by such Congresspersons pursuant to the Stop Trading on Congressional Knowledge Act of 2012, as amended (“STOCKAct”). Membersof Congress are permitted to actively trade stocks, options and other financial assets, including securities of companies thatmay be affected by the outcomes of legislative and executive meetings in which those members of the U.S. Congress participated.Congresspeople (members of the U.S. Senate and the U.S. House of Representatives) are then required to report transactions madeby them and/or their immediate family members on STOCK Act filings, known as Periodic Transaction Reports (“PTRs”).PTRs are filed with either the Senate Office of Public Records or the Clerk of the House of Representatives and made availableonline pursuant to the Ethics in Government Act of 1978, as amended (“EIGA”). PTRs are due within 30 days from whena Congressperson or their family member becomes aware of a transaction, but no later than 45 days from the date of the transaction. TheFund will focus on the equity securities purchased or sold by members of Congress who are registered members of the DemocraticParty and their family members. The Fund will not consider investments by any U.S. Congressperson who is not registered as a memberof the Democratic Party (e.g., a U.S. Congressperson who is registered as an Independent but who may caucus as a member of theDemocratic Party). TheAdviser will obtain and use information derived by a third-party data provider (the “Data Provider”) from PTRs filedby Democratic U.S. Congresspeople on their own behalf and on behalf of their family members (hereinafter referred to collectivelyas “Democratic U.S. Congresspeople”). See the discussion of the Fund’s data provider in the section of the Fund’sProspectus titled “Data Provider.” The Adviser will use the data provided by the Data Provider to determine whichequity securities of publicly traded companies, and how much of each equity security, to select for the Fund. The Fund will typicallybuy or sell a security when a position is reported as being bought or sold by Democratic U.S. Congresspeople. The Fund will baseits purchases and sales of equity securities of publicly traded companies on trades reported in the PTRs by Democratic U.S. Congresspeoplewhile in office. Because PTRs report a range of transaction values, the Adviser will adjust the relative composition of the Fund’sportfolio based on the midpoint of these ranges. Tomanage the Fund’s portfolio, the Adviser will obtain and use information derived by the Data Provider from PTRs filed byDemocratic U.S. Congresspeople for the past 3 years. Purchases made during that time will be netted against any sales of the samesecurity when managing the Fund’s portfolio of equity securities. As the investment thesis of the Fund is to track the tradingactivity of Democratic U.S. Congresspeople while in office, equity securities acquired by Democratic U.S. Congresspeople priorto his or her swearing in (or the 3-year lookback period) are not considered when managing the Fund’s portfolio. To theextent a Democratic U.S. Congressperson sells equity securities that were acquired prior to his or her swearing in, the Adviserwill not adjust the Fund’s portfolio. Undernormal circumstances, the Fund will invest in a portfolio of between 100 to 200 holdings. However, the number and size of positionsheld by the Fund will vary based on the number of positions traded by Democratic U.S. Congresspeople. Individual holdings willbe weighted based on the level of reported trading in a security by Democratic U.S. Congresspeople. Securities with large purchases,recurring purchases and purchases from multiple Democratic U.S. Congresspeople will be overweighted. Securities with small purchases,recent sales and one-off trades by Democratic U.S. Congresspeople will be excluded or underweighted. The Adviser may exclude positionsthat are traded by Democratic U.S. Congresspeople at its discretion. Considerations for excluding a security include, but arenot limited to, limited liquidity of such security and pending corporate actions that may impact such security. Whenmultiple PTRs are made available on the same day by different Democratic U.S. Congresspeople, trades of the same equity securitieswill be netted for purposes of adjusting the Fund’s portfolio. Trades reported in an individual PTR as bought and sold areexcluded. The Fund will also exclude transactions in the securities underlying of any reported options contract trades. In additionto equity securities, the Fund will also transact in sector specific mutual funds and ETFs reported to have been traded on PTRs,but will exclude broad-based mutual fund and ETF trades. The Adviser may also refrain from making de minimis trades (small tradesthat represent less than 1% of the overall portfolio traded by Democratic U.S. Congresspeople), as such trades will likely havelittle to no economic impact on the Fund’s performance. Inan effort to achieve its goals, the Fund may engage in active and frequent trading. The Fund is deemed to be non-diversified underthe 1940 Act, which means that it may invest a greater percentage of its assets in the securities of a single issuer or a smallernumber of issuers than if it was a diversified fund.
NANC News
- Unusual Whales Subversive Democratic Trading ETF (BATS:NANC) Short Interest Up 84.1% in July
- Top Trump official invests over $15,000 in ETF that tracks Democratic lawmaker trading
- (NANC) Volatility Zones as Tactical Triggers
- Price-Driven Insight from (NANC) for Rule-Based Strategy
- (NANC) Price Dynamics and Execution-Aware Positioning
- Unusual Whales Subversive Democratic Trading ETF (BATS:NANC) Short Interest Down 53.4% in May
- Unusual Whales Subversive Democratic Trading ETF (BATS:NANC) Short Interest Update
- NANC Traders Beat the Crowd by 33 Points and the Difference Keeps Growing
Data for NANC is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.