JLens 500 Jewish Advocacy U.S. ETF (TOV) seeks to track an index of approximately 500 large-cap U.S. companies that align with Jewish values and advocacy priorities. This values-based equity ETF screens for companies supporting Jewish community interests while excluding those with business practices conflicting with Jewish ethical principles.
How It Works
TOV uses a rules-based screening methodology that starts with a broad universe of large-cap U.S. stocks and applies Jewish values-based criteria for inclusion and exclusion. The fund employs positive screening for companies demonstrating support for Jewish communities and Israel, while negatively screening out firms with conflicting business practices. Holdings are weighted by market capitalization and rebalanced quarterly to maintain alignment with screening criteria and index composition.
Key Features
- First ETF specifically designed to align investments with Jewish values and advocacy priorities in U.S. equity markets
- Combines ESG-style screening with Jewish community-focused criteria, creating unique exposure unavailable in traditional broad-market ETFs
- Recently launched fund with 0.00% expense ratio during promotional period, though permanent fee structure not yet established
Risks
- This ETF can lose value if companies fail to meet Jewish values screening criteria, forcing sales regardless of stock performance
- Limited diversification from values-based screening may increase concentration risk and reduce performance during certain market cycles compared to broad indices
- As a new fund with minimal assets, liquidity constraints could result in wider bid-ask spreads and tracking difficulties
Who Should Own This
Best suited for Jewish investors or those supporting Jewish advocacy causes seeking values-aligned U.S. equity exposure with 3+ year time horizons. Medium-to-high risk tolerance required due to concentrated screening approach. Works as satellite holding (5-15% of equity allocation) alongside broader market ETFs for investors prioritizing values alignment over pure performance optimization.