The investment seeks to track the total return performance, before fees and expenses, of the Democratic Large Cap Core Index. The index is a subset of the S&P 500® Index designed to provide exposure to large capitalization companies that make political contributions to Democratic Party candidates and political action committees above a certain threshold. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of companies included in the index.
IPO Year: n/a
Exchange: NASDAQ
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Loews Corp (NYSE:L) reported first-quarter FY24 net income of $457 million, up 22% Y/Y. EPS of $2.05 was higher than the year-ago figure of $1.61. Revenues were $4.23 billion, higher than $3.78 billion a year ago. CNA Financial Corp (NYSE:CNA) revenue contribution increased to $3.44 billion from $3.15 billion a year ago, and net income rose to $310 million from $268 million a year ago. CNA’s net income benefited from higher net investment income and favorable net prior-year loss reserve development. Boardwalk Pipelines segment’s revenues rose to $517 million from $397 million in the year-ago quarter, and net income rose to $121 million from $86 million the prior year. Broadwa