Subversive Files ETF Tracking Congressional Stock Trades

Subversive Capital Advisor has filed for the actively managed Subversive Bi-Partisan Congressional Trading ETF (PLCY), which would invest primarily in stocks reported as traded by sitting members of Congress and their family members through STOCK Act disclosures. The fund would use up to three years of Periodic Transaction Reports to build a portfolio typically holding 75 to 150 securities, buying or selling positions as congressional trades are disclosed. Holdings would be weighted based on factors including transaction size, recurring purchases and activity across multiple lawmakers, with greater weight potentially given to stocks purchased by members of more than one political party. PLCY may also hold sector-specific ETFs and mutual funds reported in congressional trades, while excluding broad-based funds and securities underlying reported options trades.