- The Hennessy Stance ESG ETF (STNC) has transitioned to a fully transparent structure, renamed the Hennessy Sustainable ETF.
- The fund will now disclose its holdings daily on the Nasdaq, enhancing transparency for investors.
- The ETF retains its current investment strategy and management team, focusing on sustainability.
Hennessy Advisors has announced a significant transition for its Hennessy Stance ESG ETF (STNC), moving from a semi-transparent structure to a fully transparent one and renaming it the Hennessy Sustainable ETF. This strategic shift, effective today, aims to provide investors with daily visibility into the fund's holdings by disclosing them on the Nasdaq, aligning with a broader industry trend towards greater transparency.
The underlying investment strategy and the management team of the ETF remain unchanged, maintaining the fund's existing sustainability-driven approach. This decision reaffirms Hennessy's commitment to value-based investing and meeting the evolving needs of shareholders, as stated by Teresa Nilsen, President and COO of Hennessy Advisors.
Portfolio Manager Bill Davis highlighted that the transition to a fully transparent structure is a testament to the company's dedication to enhancing transparency and aligning with investor values. The rebranding from "ESG" to "Sustainable" also mirrors a broader shift in responsible investing terminology, distancing from potentially contentious labels while preserving the fund's core philosophy.
