Yorkville America Equities, the investment adviser that manages Trump Media & Technology Group’s (DJT) suite of Truth Social‑branded exchange‑traded funds, announced that it will acquire the Point Bridge America First ETF. The acquisition adds a new “America First” themed fund to the Truth Social portfolio and brings the ETF’s approximately $32 million in assets under management under DJT’s umbrella.
The move is part of DJT’s broader strategy to grow its fee‑based revenue stream through diversified ETF offerings. By adding the Point Bridge America First ETF, the company expands its lineup of politically focused products and reinforces the “America First” brand that underpins the Truth Social Funds.
Point Bridge Capital will continue to serve as the sub‑adviser for portfolio management, while Tuttle Capital Management will provide trading sub‑advisory services. Vident Asset Management will not continue in that role. The transaction is expected to close in the second quarter of 2026, pending shareholder and regulatory approvals.
DJT’s financial performance has been weak in recent quarters. In the third quarter of 2025, the company reported revenue of $972.90 k and a net loss of $54.81 M, with EBITDA of –$55.8 M and free cash flow of $10.1 M. The company’s FY2024 revenue fell 12.4 % from $4.1 M to $3.6 M, and its operating margin contracted to –5,140.9 % from –386.5 % the prior year. The acquisition is therefore a critical component of DJT’s effort to diversify its revenue base and generate fee income that could offset its core media losses.
“We are thrilled to bring the Point Bridge America First ETF into the Truth Social Funds family,” said Steve Neamtz, president of Yorkville America Equities. “What Hal Lambert and the Point Bridge Capital organization stand for aligns completely with the values and philosophy of the Truth Social Funds. We align with America First.”
“I’m excited to take the Point Bridge America First ETF to the next level with this acquisition by Yorkville and the Truth Social Funds,” said Hal Lambert, founder of Point Bridge Capital. “I launched the ‘MAGA ETF’ in 2017 to give investors the opportunity to invest in U.S.-based America First companies that reflect those values. I’m proud of the success of the MAGA ETF and look forward to this great alignment of values with Yorkville and the Truth Social Funds.”
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