American Conservative Values ETF

American Conservative Values ETF (ACVF) is an actively managed fund from Ridgeline Research. It owns large US companies after screening out those its adviser sees as hostile to conservative political values. The portfolio looks a lot like the broad market, with NVIDIA and Microsoft as its largest holdings as of July 31, 2026. Its 0.75% expense ratio is far above the 0.11% average of similar funds.

• Over the year to Oct 27, 2026, ACVF returned +11.1%, 9th of 9 among similar funds.
• Its 5-year annualized return was +11.1%.
• Its worst full calendar year was 2022 (-15.7%); its best was 2023 (+23.8%).
• The deepest fall in its price history was 24.4% (Dec 29, 2021 to Oct 12, 2022), recovered by Dec 11, 2023.

As of Jul 31, 2026, the fund held 391 securities; the ten largest made up 28.13% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $19K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +4.79%, +1.03%, -1.11%.

ACVF does not track an index. The adviser, Ridgeline Research, starts by treating every public company as acceptable. It then uses negative screening, which means removing companies from consideration, to drop those it judges hostile to conservative values. Reasons include a poor reputation among conservative investors, business moves that alienate conservative customers or employees, or heavy support for causes the prospectus calls liberal, such as diversity, equity and inclusion (DEI) programs, carbon-emissions policies and groups like Planned Parenthood. Sources include Federal Election Commission contribution records, executives' political letters, lobbying and polling. The adviser has wide discretion in making these calls.

At least 80% of net assets goes into US stocks that pass the screen. These are mostly large companies, which the adviser generally defines as worth more than $4.0 billion. The fund aims to hold 200 to 500 stocks across all sectors. It also limits how far it strays from benchmarks weighted by company size, such as the S&P 500 and Russell 1000. As of July 31, 2026, it held 391 stocks. The 10 largest made up 28% of assets, and technology was the biggest sector at about 35%.

Excluded companies are posted daily on the fund's website. The prospectus permits frequent trading, but reported turnover was a low 6.37%. As of July 31, 2026, the fund held no derivatives, and it uses no leverage or options.

• ACVF charges 0.75% a year, versus an average of 0.11% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).

It holds 391 large US stocks with market-like risk, so it could serve as the main US stock holding for investors who want a conservative-values screen.

ACVF's track record is short. Its price history begins in February 2021, so it missed the 2008 crisis and the 2020 COVID crash. In the 2022 bear market it fell 24.2%. Its deepest drop was 24.4%, from December 2021 to October 2022, and it did not recover until December 2023, 14 months after the low. Its worst calendar year was 2022, at −15.7%. Anyone who had to sell shares for spending during that stretch would have sold at a loss. Income is small: the yield was 0.49% as of October 27, 2026, paid quarterly. Cost is the main drag. Under the SEC's standard $10,000 example, fees come to $77 after one year and $930 after 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.