Truth Social America First ETF (MAGA)

On our trading desk, we've been tracking the structural shift following Yorkville America Equities' acquisition and reorganization of the Point Bridge America First ETF into the Truth Social Funds suite, effective June 12, 2026. Trading under the ticker MAGA on NYSE Arca with a 0.72% expense ratio, the fund maintains its rules-based index-tracking framework focusing on U.S. large and mid-cap companies designed to avoid politically-left activism and social agendas. While the platform expansion brings visibility under the Truth Social umbrella alongside sister funds like YALL and TSRS, clients should weigh its thematic conviction against standard market benchmarks.

Looking at the performance data as of July 31, 2026, MAGA's trailing metrics show an annual 1-year NAV return of 12.7% and a 3-year annualized return of 12.9%, trailing the broader Mid-Cap Value category averages over similar horizons. Portfolio turnover sits at a moderate 40%, notably lower than the category average of 72%. Top ten holdings comprise a modest 8.84% of total assets, featuring names like Devon Energy, Illumina, Dollar Tree, and Heico Corp, pointing toward a highly diversified basket rather than concentrated tech exposure.

From a quantitative perspective during our fund evaluation interviews, analysts must account for the structural grade pressure observed recently. MAGA received an 'F' grade for its July 2026 monthly return of 1.1% compared to the Mid-Cap Value category average of 3.5%, as well as an 'F' for the last quarter and trailing 1-year periods. Despite these relative short-term underperformances against traditional value indices, the index methodology continues to prioritize domestic economic strength, energy security, and defense alignment as outlined in the fund's broader prospectus.