Under normal operating conditions, this fund commits a minimum of 80% of its total assets to the securities included in its underlying benchmark index. This index is composed of U.S.-listed stocks and American Depositary Receipts (ADRs), with company weightings determined by their free-float market capitalization. A key criterion for inclusion is that these companies primarily conduct business within specific sectors or sub-sectors—referred to as "Orphaned Sectors"—which are frequently ignored, excluded, or shunned by mutual funds and exchange-traded funds that prioritize Environmental, Social, and Governance (ESG) factors and are regulated under the 1940 Act. Additionally, this fund operates as a non-diversified investment vehicle.

Exxon Mobil Corp

Chevron Corp

Philip Morris International Inc

RTX Corporation

Nextera Energy Inc

Lockheed Martin Corporation

Diageo PLC ADR

British American Tobacco p.l.c.

Anheuser Busch Inbev NV ADR

Altria Group

Consumer Defensive

Utilities

Energy

Industrials

Consumer Cyclical

Technology

Tidal ETF Trust - ESG Orphans ETF

ORFN Holdings & Sector Breakdown