Strive’s Flagship U.S. Energy Fund DRLL Exceeds $230 Million in AUM and $320 Million in Traded Volume Within 2 Weeks of Launch

COLUMBUS, Ohio--(BUSINESS WIRE)--Strive Asset Management announced that its first exchange-traded fund (ETF), the U.S. Energy ETF (NYSE Arca), has exceeded $238 million in assets under management and over $320 million in traded volume in its first two full weeks of launch, continuing to represent the largest non-seeded ETF launch in 2022. DRLL is a passively managed U.S. energy index fund that delivers a new "post-ESG" shareholder mandate to U.S. energy companies through shareholder engagement and proxy voting.

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Strive also announced that DRLL is now officially available on 25 different brokerage platforms, including recent additions such as Stifel, Raymond James, and Oppenheimer, along with Fidelity, Schwab, E-Trade, and others.“Everyday citizens are delivering a powerful message to American energy companies: It’s time to drill, frack, and do whatever else is necessary to succeed without apologizing for it,” said Vivek Ramaswamy, executive chairman of Strive Asset Management. “We hope to unlock the potential of the U.S. energy sector by mandating U.S. energy companies to focus exclusively on excellence over social agendas imposed by ESG-linked asset managers."

Jeff Nye, head of distribution and wealth management at Strive, added, “Broker-dealers told us they added DRLL to their platform because financial professionals and individual investors alike demanded it. Our mission is to represent the everyday citizen, and it’s gratifying to hear that our message is resonating with them.”

Over its first two weeks, DRLL’s average trade size was $4,137 per trade, compared to an average trade size of $364,000 for other 2022 ETF launches that have generated over $200 million in assets under management in their first two weeks. Strive has also received over 211,000 visits to its websites since DRLL launched on August 9, 2022.

About DRLL

The Strive U.S. Energy ETF (DRLL) seeks to track the total return performance, before fees and expenses, of a subset of the Solactive GBS United States 1000 Index (the “Index”) composed of U.S.-listed equities in the energy sector. The Solactive index exhibits 99.7% historical correlation4 with BlackRock’s U.S. Energy Index. The Index is represented by securities of companies in the energy industry or sector (oil, coal, and natural gas companies, as well as companies that produce renewable or alternative energy such as hydrogen, nuclear, solar, and wind power).

Investors can learn more at www.strivefunds.com.

About Strive Asset Management

Strive is an Ohio-based asset management firm whose mission is to restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics. Strive will compete directly with the world’s largest asset managers by launching funds that advance Excellence Capitalism in boardrooms across corporate America. The company was co-founded by Vivek Ramaswamy and Anson Frericks in 2022.

Learn more at www.strive.com.