Strive’s Flagship U.S. Energy Fund DRLL Exceeds $100 Million Within First Week of Launch

Strive delivers a new shareholder mandate to U.S. energy companies to focus on excellence over politics

Strive Asset Management announced that its first exchange-traded fund (ETF) exceeded $100 million in assets under management (AUM) and over $160 million in traded volume in its first full week of launch, representing the largest non-seeded^[1] ETF launch in 2022. The fund, 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.

“This represents an important milestone and it's just the first step of our journey,” said Vivek Ramaswamy, executive chairman of Strive Asset Management. “Our goal is to unlock the potential of the U.S. energy sector by mandating companies to focus on excellence, including through greater oil and gas production, instead of social agendas imposed by large ESG-linked asset managers."

Matt Cole, head of products & investments at Strive Asset Management added, “We believe our message and mandates to US companies are already resonating with Americans. Unlike typical ETF launches where you see a small number of high dollar trades, the success of DRLL has been driven by smaller dollar trades.”

DRLL had an average trade size of $4,055 per trade, compared to an average trade size of $5.7 million for other 2022 ETF launches that generated over $100 million in assets under management in their first week.

Strive exceeded the trading volume of BlackRock’s passively managed U.S. energy index fund, IYE, over the past week and aims to exceed the AUM of IYE by the end of 2023.

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 correlation^[2] 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.

IMPORTANT INFORMATION

DRLL is compared to the IYE because it is the most similar Energy Exchange Traded fund based on index holding overlap. DRLL’s holdings overlap with IYE on 90.23% of holdings. The remaining 9.77% is 9 stocks of the 44 stocks in the IYE (AM, CHPT, DTM, ENPH, EVA, FSLR, NFE, PLUG, TPL.)

Solactive AG ("Solactive") is the licensor of The Solactive United States Energy Regulated Capped Index (the "Index"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Index.

Solactive United States Energy Regulated Capped Index (the "Index"), which measures the performance of the energy sector of the U.S. equity market as defined by Solactive AG (the "Index Provider" or "Solactive"). The Index includes large, and mid capitalization companies. The Index is a subset of a float-adjusted capitalization weighted index of equity securities comprising the 1,000 largest companies from the US stock market.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 872-270-5406 or visit our website at www.strivefunds.com. Read the prospectus or summary prospectus carefully before investing.

Investments involve risk. Principal loss is possible. Energy Sector Risk. The market value of securities in the energy sector may decline for many reasons, including, among others, changes in energy prices, energy supply and demand, government regulations and energy conservation efforts. Non-Diversification Risk. Because the Fund is non-diversified, it may be more sensitive to economic, business, political or other changes affecting individual issuers or investments than a diversified fund, which may result in greater fluctuation in the value of the Fund’s Shares and greater risk of loss. Index Calculation Risk. The Index relies on various sources of information to assess the criteria of issuers included in the Index, including fundamental information that may be based on assumptions and estimates. New Fund Risk. The Fund is a recently organized management investment company with limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision. In addition to the risks outlined IYE has the following Principal risks: Cybersecurity Risk, Dividend-Paying Stock Risk, Close-Out Risk for Qualified Financial Contracts, and Illiquid Investments Risk. Please see fund prospectus for a complete list of risks associated with investing.

ESG investing is defined as utilizing environmental, social, and governance (ESG) criteria as a set of standards for a company’s operations that socially conscious investors use to screen potential investments.

Quasar Distributors, LLC.

^[1] A seed investment into an ETF is defined by a day where the average trade size was greater than $1,000,000 in the first week of trading. For reference, in July 2022 the average trade size of S&P 500 indexed ETFs (SPY, VOO, and IVV) was $57,654 and $9,893 for Energy Sector ETFs (XLE, VDE, and IYE).

^[2] Correlation time period: 6/30/22-7/29/22

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