Bill is the Managing Partner and Portfolio Manager for Stance Capital, LLC, sub-advisor to the Hennessy Stance ESG ETF.  He has managed the ETF since its inception in 2021 as well as the Stance ESG Large Cap Core SMA since 2014.

Prior to founding Stance in 2014, he co-founded and served as Portfolio Manager at Empirical Asset Management.  Bill also founded Ze-gen, a venture and private equity back renewable energy company, where he served as CEO.

Bill received a B.A. from Connecticut College, is a board member of Ceres, and guest lectured at Columbia, Harvard, HBS, MIT, Sloan, and Vanderbilt.  

Information about the Hennessy Stance ESG ETF (the “Fund”), a semi-transparent actively managed exchange-traded fund ("ETF") with a Portfolio Reference Basket structure:

The Fund is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. The Fund will not. This may create additional risks for your investment. For example:

• You may have to pay more money to trade the Fund’s shares. The Fund will provide less information to traders, who tend to charge more for trades when they have less information.
• The price you pay to buy Fund shares on an exchange may not match the value of the Fund’s portfolio. The same is true when you sell shares. These price differences may be greater for the Fund compared to other ETFs because it provides less information to traders.
• These additional risks may be even greater in bad or uncertain market conditions.
• The Fund will publish on its website each day a “Portfolio Reference Basket” designed to help trading in shares of the Fund. While the Portfolio Reference Basket includes all the names of the Fund’s holdings, it is not the Fund’s actual portfolio.

The differences between the Fund and other ETFs may also have advantages. By keeping certain information about the Fund portfolio secret, the Fund may face less risk that other traders can predict or copy its investment strategy. This may improve the Fund’s performance. If other traders are able to copy or predict the Fund’s investment strategy, however, this may hurt the Fund’s performance.

For additional information regarding the unique attributes and risks of the Fund, see the Prospectus and SAI.