Should You Consider Adding JLens 500 Jewish Advocacy U.S. ETF (TOV) to Your Investment Watchlist?

Overview of the JLens 500 Jewish Advocacy U.S. ETF (TOV)

Introduced on February 26, 2025, the JLens 500 Jewish Advocacy U.S. ETF (TOV) is a passively managed fund that aims to capture the performance of large-cap blend stocks within the U.S. equity market.

Managed by Jlens Invest Jewishly, this ETF has accumulated over $209.74 million in assets, positioning it among the mid-sized funds targeting the large-cap blend segment.

Understanding Large Cap Blend ETFs

Large-cap companies are generally valued at more than $10 billion and are recognized for their financial stability and consistent cash flows. These firms typically experience less price fluctuation compared to mid- or small-cap companies.

Blend ETFs invest in a mix of growth and value stocks, offering a balance of characteristics from both investment styles.

Fee Structure

Expense ratios play a crucial role in ETF returns. Over time, funds with lower fees can outperform more expensive alternatives, assuming all other factors are equal.

This ETF charges an annual expense ratio of 0.18%, making it a cost-effective choice in its category.

It also offers a 12-month trailing dividend yield of 0.75%.

Sector Allocation and Major Holdings

ETFs are known for providing diversified exposure, reducing the risk associated with individual stocks. Most ETFs, including this one, are transparent and regularly disclose their holdings.

The largest portion of this ETF’s portfolio—about 33.3%—is invested in the Information Technology sector. Financials and Telecommunications are also significant allocations.

Among individual companies, Nvidia Corp (NVDA) makes up approximately 7.24% of the assets, with Apple Inc (AAPL) and Alphabet Inc (GOOGL) following closely behind.

The top ten holdings collectively represent around 38.21% of the fund’s total assets.

Performance and Diversification

TOV is designed to replicate the performance of the JLENS 500 JEWISH ADVOCACY U.S. INDEX, before fees and expenses. This index tracks large-cap U.S. equities included in the VettaFi US Equity Large-Cap 500 Index, while adhering to JLens’ Jewish value principles.

Year-to-date, the ETF has returned about 0.62%. Over the past year, its price has ranged from $20.87 to $29.27.

With roughly 499 holdings, the fund achieves broad diversification and reduces company-specific risk.

Other Options to Consider

The JLens 500 Jewish Advocacy U.S. ETF holds a Zacks ETF Rank of 3 (Hold), reflecting factors such as expected returns, fees, and momentum. For investors interested in the large-cap blend space, TOV is a solid choice, but there are additional alternatives worth exploring.

For example, the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) both track similar indices. IVV manages $752.07 billion in assets, while VOO oversees $856.47 billion. Both funds have a low expense ratio of 0.03%.

Conclusion

Passively managed ETFs are increasingly favored by both institutional and individual investors due to their low costs, transparency, flexibility, and tax advantages. They are well-suited for those with a long-term investment horizon.