If You Invested in JLens 500 Jewish Advocacy U.S. ETF (TOV)

The JLens 500 Jewish Advocacy U.S. ETF (NYSE: TOV) is an exchange-traded fund created to align investment exposure to large U.S. public companies with Jewish values and organized shareholder advocacy. According to JLens and ADL (the Anti-Defamation League), the fund is designed to empower investors to combat antisemitism and hate, support Israel, and promote the Jewish value of Tikkun Olam (repairing the world) through activity as a shareholder.

TOV is sponsored by JLens, a 501(c)(3) nonprofit and Registered Investment Advisor that is affiliated with ADL. JLens describes itself as an organization that helps investors align capital with Jewish values and advocates for Jewish communal priorities in the corporate arena. The fund’s investment adviser is Empowered Funds, LLC, which does business as ETF Architect, and JLens serves as sub-adviser or sponsor as described in the fund’s disclosures. The fund is distributed through entities identified in its public communications, including Quasar Distributors, LLC and Pine Advisors LLC in different contexts.

The TOV ETF tracks the JLens 500 Jewish Advocacy U.S. Index. This index is described as providing exposure to the 500 largest U.S. public companies by market capitalization. The index methodology considers JLens’ Jewish Value Pillars and may exclude companies that JLens has identified as being in conflict with those pillars. The remaining companies are then evaluated using Jewish values scorecards. The fund is described as not being actively managed; instead, it seeks to follow the index, with changes in holdings generally driven by index rebalancing or compliance with investment limitations.

According to JLens and ADL communications, the fund aims to deliver performance that is comparable to other U.S. large-cap index funds while also amplifying a Jewish voice in the corporate arena. JLens states that it uses information from its screening and scoring process to advocate for Jewish communal interests through engagement with company management and boards of directors, proxy voting, and other forms of shareholder advocacy. Public statements highlight efforts related to corporate policies toward Israel, responses to antisemitism, and human rights–related shareholder proposals.

The ticker symbol “TOV” is described as the Hebrew word for “good,” reflecting the fund’s focus on values-based investing. Communications about the fund emphasize that it is a faith-based ETF and that it is intended as an additional tool for investors and Jewish communal organizations who wish to respond to antisemitism, hate, and campaigns such as the Boycott, Divestment and Sanctions (BDS) movement through shareholder engagement rather than divestment.

Fund materials highlight several categories of investment risk. These include large-capitalization companies risk, where large-cap stocks may underperform the broader equity market or may not respond quickly to new competitive challenges. They also describe Jewish values investing risk and responsible investing criteria risk, noting that the index may exclude otherwise profitable investments due to alignment with Jewish Value Pillars, and that using responsible investing considerations can cause performance to differ from funds that do not apply such criteria. The fund is also described as a relatively new fund, which means prospective investors have limited operating history on which to base an investment decision.

JLens communications also describe a broader Jewish Investor Network composed of Jewish institutions representing significant communal capital, and note that several Jewish organizations and the ADL Foundation committed seed capital to launch the fund. JLens and ADL emphasize that their staff do not receive direct or indirect compensation for referrals or purchases of TOV or other investment products, and that fund-related communications are informational and not securities offers. All public materials stress that investing involves risk and that principal loss is possible, and they direct prospective investors to the fund’s prospectus and statement of additional information for details on objectives, risks, charges, and expenses.

Overall, the JLens 500 Jewish Advocacy U.S. ETF (TOV) is presented as a values-driven, index-tracking U.S. large-cap ETF that integrates Jewish communal priorities into index construction and shareholder advocacy, while seeking performance characteristics similar to other large-cap index funds.