Replies to post #33960 on LGBTQ Loyalty Holdings Inc (LFAP)

[Snow_lyric]

These are religious people and they hate something like this for obvious reasons.

[BluePineCapital]

I wouldn’t pay any mind to the comments on Yahoo Finance as the demographics that use Yahoo finance leans towards the older generations of investors who are conservative and religiously inclined to oppose anything LGBTQ related.

This ETF is not just a “Gay ETF” but an ETF marketed to ESG conscious investors of the milenial/gen x group. The “Great Wealth Transfer” is imminent. $68 Trillion dollars of wealth is about to be shifted into the hands of social conscious hipsters/climate change activists who are more inclined to invest in companies who are “socially conscious” about the environment and align themselves with the advancement of equality.

Here’s a link that has some great info on what is about to occur:

https://www.google.com/amp/s/www.cnbc.com/amp/2019/10/21/what-the-68-trillion-great-wealth-transfer-means-for-advisors.html

On another note, the ETF will not directly mirror the LGBTQ100 Index 100% as a representative sampling clause was thrown into the filing. The advisors/managers of the fund are able to choose securities that are “representative” to the securities within the underlying LGBTQ100 Index. I have reasons to believe will be heavily weighted in the Technology sector. I suggest reading the N-1A/A in its entirety, a lot of great clues in the filing.

“The Fund will generally hold all of the securities that comprise the Underlying Index in approximate proportion to their respective weightings in the Underlying Index. However, under various circumstances, it may not be possible or practicable to purchase all of those securities in those weightings. In these circumstances, the Fund may purchase a representative sample of securities in the Underlying Index. There also may be instances in which the Fund may choose to underweight or overweight a security in the Underlying Index, purchase securities not in the Underlying Index that it believes are appropriate to substitute for certain securities in the Underlying Index or utilize various combinations of other available investment techniques. The Fund may sell securities that are represented in the Underlying Index in anticipation of their removal from the Underlying Index or purchase securities not represented in the Underlying Index in anticipation of their addition to the Underlying Index. The Fund may also, in order to comply with the tax diversification requirements of the Internal Revenue Code of 1986, as amended (the “Code”), temporarily invest in securities not included in the Underlying Index.”