Core Viewpoint - The T. Rowe Price Blue Chip Growth ETF (TCHP) aims for long-term capital growth through a concentrated portfolio of large- and mid-cap US blue-chip growth companies [1] Investment Strategy - The fund invests at least 80% of net assets in established US issuers classified as large-cap and growth by major index providers [1] - The strategy employs bottom-up fundamental research focusing on durable competitive advantages, sustainable earnings growth, seasoned management, and strong balance sheets [1] - Portfolio construction follows a high-conviction, non-diversified approach, allowing for significant issuer and sector exposures in growing industries [1] Security Selection and Management - Positions are adjusted by trimming or selling as fundamentals weaken, valuations become excessive, or better risk-adjusted opportunities arise [1] - The fund maintains a consistent large-cap growth profile and strong underlying liquidity [1]

Core Viewpoint - FIS Knights of Columbus Global Belief ETF (KOCG) aims to provide long-term capital growth through an actively managed global equity portfolio that adheres to U.S. Catholic investment guidelines [1] Investment Strategy - The strategy focuses on financial attractiveness and mission consistency, investing in businesses with sound profitability, prudent capital allocation, and durable competitive positions while excluding activities that do not align with policy guidelines [1] - The fund typically emphasizes quality and cash-flow resilience, with potential underweights in sectors limited by values screens [1] Portfolio Characteristics - KOCG offers country and currency diversification, which introduces additional sources of return and risk [1] - The fund serves as a values-aligned global equity sleeve or as an active satellite to complement broader global beta for investors prioritizing stewardship alongside returns [1] Market Conditions - Favorable market conditions include improving earnings visibility, contained inflation, and stable to declining real yields [1] - Adverse conditions may arise during periods of narrow mega-cap leadership, abrupt factor reversals, or spikes in the U.S. dollar [1] Fund-Specific Risks - The combination of active security selection and exclusions may lead to concentrated exposures, increasing tracking error and capacity considerations if assets scale [1]

Core Viewpoint - Firsthand Technology Value Fund, Inc. reported its financial results for the quarter ended June 30, 2025, highlighting a decrease in net assets and investment performance challenges [1][5]. Financial Summary - As of June 30, 2025, the Fund's net assets were approximately $0.7 million, or $0.11 per share, down from approximately $0.8 million, or $0.12 per share as of March 31, 2025 [2]. - The Fund's portfolio included public and private securities valued at approximately $0.7 million, or $0.10 per share, with about $0.07 per share in cash and cash equivalents [2]. - Total assets were reported at $1.17 million, with total liabilities of $0.42 million, resulting in net assets of $0.75 million [3]. Investment Performance - For the quarter, the Fund reported total investment income of approximately $171 thousand, but after fees and expenses, it faced a net investment loss of approximately $63 thousand [5]. - The Fund experienced net realized and unrealized losses on investments of approximately $27 thousand for the quarter [5]. Portfolio Management - The Valuation Committee adjusted the fair values of private companies in the portfolio, considering various factors such as performance, recent transactions, and market multiples [4]. - The Fund continued to manage its portfolio prudently, collaborating with portfolio companies to enhance performance and identify potential exit opportunities [6]. Company Overview - Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund focused on technology and cleantech investments, aiming for long-term capital growth [7][8].