ETF Evaluator:
Truth Social America First ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Value Over the Last Year
| 45.0% | VictoryShares Free Cash Flow ETF (VFLO) |
| 39.1% | Bushido Capital US SMID Cap Equity ETF (RNIN) |
| 38.8% | Bushido Capital US Equity ETF (SMRI) |
| 37.8% | ProShares Equities for Rising Rates ETF (EQRR) |
| 37.4% | Vanguard US Multifactor ETF (VFMF) |
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Risk
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ETF Details
Truth Social America First ETF Overview
Truth Social America First ETF (MAGA) is a passively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Point Bridge Capital launched the ETF in 2017.
The investment seeks to track the performance, before fees and expenses, of the Point Bridge America First Index.
Under normal circumstances, at least 80% of the fund’s net assets will be invested in the securities of U.S. companies. The index uses an objective, rules-based methodology to track the performance of U.S. companies whose employees and political action committees (“PACs”) are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency (“Candidates”) and party-affiliated federal committees or groups that are subject to federal campaign contribution limits.
About Truth Social America First ETF (MAGA)
There are 2 members of the management team with an average tenure of 6.94 years: Rafael Zayas (2020) and Austin Wen (2018). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Point Bridge America First TR USD index with a weighting of 100%. Truth Social America First ETF has 152 securities in its portfolio. The top 10 holdings constitute 8.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Truth Social America First ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Truth Social America First ETF has 1.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.1% There is 1.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Truth Social America First ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $31 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MAGA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Truth Social America First ETF expense ratio is above average compared to funds in the Mid-Cap Value category. Truth Social America First ETF has an expense ratio of 0.72%, which is 54% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Truth Social America First ETF has a portfolio turnover rate of 40%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 72% for the Mid-Cap Value category.
Recently, in the month of July 2026, Truth Social America First ETF returned 1.1%, which earned it a grade of F, as the Mid-Cap Value category had an average return of 3.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Truth Social America First ETF has a trailing yield of 1.46%, which is below the 2.05% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Truth Social America First ETF Grades
Year to date, the ETF has returned 10.1%, 5.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 12.7% over the past year (grade of F), 12.9% over the past three years (grade of D) and 10.8% per year over the past five years (grade of C).
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MAGA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MAGA Return (NAV) | 1.1% | 1.9% | 12.7% | 12.9% | 10.8% | na |
| MAGA Return (Price) | 1.0% | 3.7% | 12.7% | 12.9% | 10.8% | na |
| NAV +/- Price Return | 0.063% | -1.814% | -0.018% | -0.036% | -0.009% | na |
| Mid-Cap Value Avg | 3.5% | 6.1% | 23.5% | 13.9% | 10.2% | 10.8% |
| MAGA Grade (NAV) | F | F | F | D | C | na |
| +/- Category (NAV) | -2.4% | -4.3% | -10.8% | -1.0% | 0.6% | na |
| MAGA Tax-Cost Ratio | na | na | 0.6% | 0.6% | 0.5% | na |
MAGA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MAGA Return (NAV) | 10.1% | 10.2% | 14.7% | 10.4% | -0.9% | 33.5% | 5.8% | 25.7% | -14.4% | na | na |
| MAGA Return (Price) | 10.1% | 10.3% | 14.7% | 10.4% | -1.0% | 33.6% | 5.9% | 26.1% | -14.8% | na | na |
| NAV +/- Price Ret | -0.009% | 0.010% | 0.002% | -0.003% | 0.117% | 0.002% | 0.020% | 1.4% | 3.0% | na | na |
| Mid-Cap Value Avg | 15.4% | 10.4% | 12.2% | 12.9% | -5.7% | 31.6% | 0.6% | 25.6% | -10.0% | 15.5% | 20.3% |
| MAGA Grade (NAV) | F | C | B | C | B | B | B | C | F | na | na |
| +/- Category | -5.3% | -0.2% | 2.4% | -2.5% | 4.7% | 1.9% | 5.2% | 0.1% | -4.3% | na | na |
| Risk Measures | |
| Beta: | 0.70 |
| R-Squared: | 46% |
| Standard Deviation: | 13.5% |
| Category Risk Index: | 0.94 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.10 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 31 Mil |
| Share Class Assets: | $ 31 Mil |
| Turnover: | 40.0% |
| Expense Ratio: | 0.72% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.8 years | |||
| Average Tenure: 6.9 years | |||
| Managers (Year): Wen Austin (2018), Zayas Rafael (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 152 |
| % in Top 10 Holdings: | 8.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.6% |
Portfolio Allocation |
|
| Domestic Stock: | 98.1% |
| Foreign Stock: | 1.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Point Bridge Capital |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | September 6, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.72% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.47% |
