The Supreme Court struck down the 1984 Chevron Deference doctrine. The ruling will put an end to the unbelievably out-of-control bureaucratic regime in DC and put billions of dollars back into the private sector. It’s the knife in the heart for the deep state. Within this decade, we should see government shrink for the first time.

Click here for Hal Lambert’s latest opinion column in The Hill.

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.

President Trump has irreversibly changed the future of China. He is in the process of creating a new world order with regard to trade. We will look back 10 years from now on 2019 and refer to China as BTC (Before Trump China) and ATC (After Trump China). BTC was the world where China operated as it wished with no repercussions. ATC is the new world where companies will likely be forced to pick a side and trade with either the U.S. or China.

Even if a trade deal is ultimately reached, companies know it is unlikely to be honored by the Chinese. That risk is real and must be managed. New tariffs from a broken deal could destroy profit margins overnight because the added tariff costs would make the products uncompetitive. Companies and countries that want to trade with the U.S. will likely begin a dramatic turn away from China. Companies such as vacuum maker Bissell are already looking for other countries outside of China to invest and manufacture products for sale in the United States. This trade shift will accelerate the long decline in China’s manufacturing base that has driven its massive exports.

Since entering the World Trade Organization in 2001, China has grown its economy to become the world’s second largest behind the United States. Its economy surpassed France in 2005, the U.K. in 2006, Germany in 2007, and Japan in 2010.

China is not hiding its intent to be the world’s sole superpower. The Made in China 2025 plan lays out China’s goals to become the dominant producer in artificial intelligence, genomics, robotics, and aerospace, just to name a few. It has used and will continue to use any means necessary to achieve this goal, including tariffs, government subsidies, and a massive amount of intellectual property theft. China continually violates its agreements with the WTO — with few real consequences.

The world knows China has been a predatory trading partner. It is time other countries publicly unite with President Trump, no matter their political animosity toward him. There is a new sheriff in town, and he has started the irreversible cascade of companies leaving China. After Trump China (ATC) should benefit the United States and many other countries as companies relocate manufacturing not just to other Southeast Asian countries, but also to Mexico, Central America, and the United States. China just got too greedy.

Hal Lambert is the former national finance chairman for Sen. Ted Cruz. He is also the founder of Point Bridge Capital, which launched the first-ever Republican stock index: MAGA. He is a frequent guest on Fox News, CNBC, and Fox Business. Learn more at Point Bridge Capital and follow Hal on Twitter at @MAGAINDEX

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.

Chinese nationals have been attending American universities in burgeoning numbers over the last decade. There are more than 360,000 of these students now enrolled in U.S. colleges, up fivefold since 2006. As a reference point, the total is equal to the population of Anaheim, Calif., the 55th largest city in the country. Many of these Chinese nationals are taking away highly prized, limited seats from American students at our top universities.

National security advisers in the Trump administration have become increasingly concerned with the threat of Chinese students studying here. Fearing that they are committing acts of espionage and cybertheft, the administration restricted the visas of Chinese graduate students involved in scientific and technological research to one year (from five). The administration is also considering additional procedures to vet students before they arrive in the United States.

In 2000, one in 10 Chinese students returned home after their studies here; today, eight in 10 do so. The Chinese Communist government has become much more involved with international students’ activities since President Xi’s rise to power in 2012. In December 2017, Xi urged these students to adopt the attitude of “studying abroad to serve the country.”

Chinese Student Groups Are Often Puppets of Their Government

Students are now heavily encouraged to create overseas party branches when studying abroad. These branches are reported to be “responsible for promoting party and government policies.” They want students to avoid the influence of ideologies perceived to be harmful and they even ask students to report on each other’s behaviors and beliefs.

The Chinese Students and Scholars Association and the Confucius Institute are two organizations on American college campuses where the Chinese government is pushing its ideas under the guise of multiculturalism. Both groups have grown to dozens of chapters across the country.

CSSA groups regularly accept funds from local Chinese consulates, raising concerns about the extent of Beijing’s reach. The CSSA has worked with consulates to create large student welcomes for Xi Jinping during his U.S. state visits. The consulate collects the students’ contact information to text them about events and pays them for attending.

More than 100 universities allow Confucius Institute chapters on their campuses. The schools receive funding for Chinese language and culture classes. In return, the Chinese government controls the curricula and message. These programs are run by a branch of the Chinese Ministry of Education known as Hanban.

The Confucius Institute actively undermines freedom of speech and religion on campus. The group worked to prevent the Dalai Lama from speaking at North Carolina State University, and it has censored ideas that the Chinese government considers taboo, such as the history of Tibet, the Tiananmen Square Massacre, and Falun Gong.

Li Changchun, a former member of China’s Politburo, openly admitted that the institute chapters are an attempt to censor and control the message on college campuses. “It has made an important contribution toward improving our soft power. The ‘Confucius’ brand has a natural attractiveness. Using the excuse of teaching Chinese language, everything looks reasonable and logical,” Changchun said.

While university officials largely have accepted these groups as part of campus, U.S. officials are finally taking notice. Congressmen such as Christopher H. Smith of New Jersey are bringing long-awaited attention to this issue. “They [the campus groups] are nests of influence, reconnaissance,” he wrote. “They keep tabs on Chinese students, and those who attend their classes are getting a Pollyannaish take on what China is about today.”

Sen. Ted Cruz sponsored language in the 2019 National Defense Authorization Act requiring U.S. universities to get a Pentagon waiver if they want to keep both Pentagon-funded programs and Chinese government-funded language programs. President Trump signed the bill into law in August. The University of South Florida, University of Michigan, and the University of Rhode Island all shuttered their Confucius Institute chapters in the past month.

Applicant Fraud, Shady Agents, and Revenue-Obsessed Universities

Chinese middle-class and upper-class families in growing numbers are pushing their children to attend prestigious American universities, going to extreme measures to get them accepted. Even as U.S. colleges accept these students in large numbers, universities have not proven themselves capable of vetting students properly, calling into question the integrity of the application process.

Cheating on standardized tests like the SAT in Asia is ubiquitous, and test results frequently are thrown out. Cheating has taken all forms: having substitute test takers for the student, buying the test in advance, posting the answers online, and taking advantage of large testing halls to share answers with neighbors.

In 2016, the Justice Department indicted 15 Chinese involved in a cheating ring. The students paid up to $6,000 to have substitutes take the SAT in Pennsylvania with a fake passport. Chinese students could face expulsion or jail time for cheating on their own nation’s entrance exam but face no punishment for doing the same on a foreign standardized test.

Many Chinese families pay thousands of dollars to agents who serve as the bridge between students and the university they hope to attend. Some agents provide legitimate services to applicants, including video interviews and tutoring, while others offer to write essays, provide fake recommendations, or even fill out the entire application. These students arrive on campuses unprepared and incapable of understanding the material, and yet they take thousands of spots at top universities, squeezing out qualified American students.

In 2016, Dipont Education Management Group, a Shanghai-based education company, paid out thousands of dollars in cash and benefits to admissions officers at top American universities. Dipont admitted to allegations that it had a special relationship with 20 schools, including Vanderbilt University, Tulane University, and the University of Virginia. Admissions officers were flown to Shanghai to provide exclusive sessions for Dipont clients about the admissions process for their respective schools. Schools rationalized the scandal by saying that they needed to recruit Chinese students willing to pay expensive international tuition. From 2008 to 2012, the amount of money spent by Chinese students on American university tuition was nearly $7 billion.

The importance of Chinese money is so great that the University of Illinois took out a $60 million insurance policy to protect itself from a drop of 20 percent or more in revenue from Chinese students in a 12-month period. And who pays the insurance premium? The tuition of other students. While universities care deeply about losing revenue, many have ignored the potential risks of accepting so many Chinese students.

The Trump administration and Congress see the risks and have begun to act. However, it is also an issue of fairness to U.S. students.

Available slots at top colleges are few. Many of these schools are accepting less than 10 percent of American applicants. Should Chinese nationals with academic credentials that cannot be vetted, and a Chinese government that wants its students to maintain their Communist Party allegiance, take thousands of seats away from highly vetted and well qualified American students at schools like MIT, Harvard, Stanford, and Columbia?

With trade negotiations heating up, the Trump administration should take an additional look at how many visas are permitted and the vetting process of students.

Hal Lambert is the founder of Point Bridge Capital, which launched the first-ever Republican stock index: MAGA. He is a frequent guest on Fox News, CNBC, and Fox Business. Learn more at Point Bridge Capital and follow Hal on Twitter at @MAGAINDEX

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.

Federal Reserve Chairman Jerome Powell just handed President Trump and the American people an early Christmas gift, softening his tone on further interest rate hikes in an economic speech Wednesday. The Dow Jones Industrial Average rallied 617 points in response. This message is markedly different from the one Powell gave only a month ago, when all indications were for multiple rate increases in 2019.

For months, the president has been publicly calling for the Fed to stop raising rates, and his instincts are already proving to be correct. The inflation data do not support rate increases. Interest-rate-sensitive sectors such as housing and automobiles have slowed, and GDP growth is slowing as well. The continuation of hawkish Fed policy runs a real risk of hurting the U.S. economy.

However, there is more going on here than meets the eye. Trump is playing chess when others are playing checkers. We need to look beyond the public comments from the president regarding the Fed. Trump needs the Fed to support his pressure on China by not killing the strong economic growth in the U.S, especially with the G-20 meeting this weekend between Trump and the Chinese general secretary. Powell’s newfound dovish outlook just gave Trump added leverage going into that meeting.

But the Fed is only one economic lever. In January, Trump could enact additional tariffs against China, and he wants an insurance policy on his trade battle. He also wants lower oil prices. He has been “jawboning” – his own word for lower prices — now for months and has publicly pressured the Saudis not to cut production. He exempted other countries from the sanctions against Iran in an effort to avoid a spike in prices.

Trump’s push to lower prices is one example of the unorthodox steps he has been willing to take to gain the upper hand in trade negotiations. I have spoken to several U.S. oil executives regarding the recent drop in oil prices. They profess to have no idea why Trump has been pushing for cheaper oil prices, and quite frankly, they are irate. One of his top supporters has not been able to get a return call from the administration. If anyone thinks Trump is in the pocket of Big Oil, his current tactics do not support that theory.

Meanwhile, the president’s adversaries in the media – who would normally cheer lower oil prices as a victory for the middle class – have taken to sniping about his effort. As a sign of frustration with this hard-to-peg chief executive, The Washington Post began its analysis of this fascinating story this way: “Lower oil prices are good for America, but they aren’t always good for the Trump-supporting parts of America.” The New York Times and CNN took similar tacks.

In truth, Trump’s moves have been working. Oil has dropped from $75 to just over $50 per barrel in less than two months. Lower interest rates and $50 oil prices give our economy all we need to offset any tariffs should we have a protracted trade war with China. Contrary to CNN’s assertion that the administration is pursuing a “Saudi first” policy, President Trump is putting America first once again – while showing that he’s one step ahead of his critics, and even some of his friends.

Hal Lambert is the founder of Point Bridge Capital, which launched the first-ever Republican stock index: MAGA. He is a frequent guest on Fox News, CNBC, and Fox Business. Learn more at Point Bridge Capital and follow Hal on Twitter at @MAGAINDEX

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.

Starbucks Founder Howard Schultz announced Monday that he will step down as Executive Chairman of the company he founded 36 years ago. During his tenure, Starbucks has shown itself to be very left politically. Schultz is now setting himself up to run for president in 2020, and that could be trouble for President Trump.

In his national television interviews this morning, Schultz presented himself as a moderate. He is concerned about the deficit, education, and our “standing in the world.” Using very coy responses, he would not confirm or deny a presidential run. However, he is a mega-wealthy political activist, is now writing a book, and plans to pursue public service, which are telltale signs of someone who plans to run for President in 2020 – as an independent!

The Democratic Party has moved toward socialism and likely will nominate a far-left candidate in the mode of Bernie Sanders or Elizabeth Warren as their nominee. Based on his new “moderate” statements, Schultz is clearly not running for that nomination. And as a longtime Democrat already talking negatively about the tax cuts, he is not running as a Republican either.

An independent candidacy as an extremely wealthy self-funded “mainstream” businessman could become a real problem for President Trump, which I think is Schultz’s goal. He is looking to syphon off just enough votes in places like Pennsylvania, Michigan, and Florida to swing those states to the Democrats. The mainstream media will be pumping his candidacy as the alternative to Trump from the moment Schultz announces, hoping for this exact outcome. I think President Trump’s team should take the possibility of Schultz running seriously and begin to plan for this type of independent candidate – a wealthy Democrat plant pretending to be the “voice of reason” in 2020.

Hal Lambert is the founder of Point Bridge Capital which recently launched the first politically based ETF. Learn more at www.pointbridgecapital.com and follow Hal on Twitter @MAGAINDEX

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.

“Pick the target, freeze it, personalize it, and polarize it.” Rule 13, Saul Alinsky’s Rules for Radicals

As the owner of ESPN, Disney is singlehandedly the most responsible corporation for the divisiveness in sports today. Disney seems to be directly following Saul Alinsky’s manual of political warfare, Rules for Radicals. In political warfare, Alinsky recommends adopting a symbol the community can unite behind. Former NFL quarterback, Colin Kaepernick, used kneeling during the national anthem as the symbol. And over the next year, as if directly from the manual, ESPN and Kaepernick seemingly worked in tandem implementing other Alinsky rules.

Rule 10: “The major premise for tactics is the development of operations that will maintain a constant pressure upon the opposition.” It is this unceasing pressure that results in the reactions from the opposition that are essential for the success of the campaign.

The ESPN analysts have covered “courageous” Kaepernick’s kneeling during the national anthem for over a year.

Rule 11: “If you push a negative hard enough, it will push through and become a positive.” Violence from the other side can win the public to your side because the public sympathizes with the underdog.

After a year of claiming free speech, many on the left now embrace kneeling during the anthem as a positive expression of free speech.

And culminating in the ultimate objective, Rule 13:

Rule 13. “Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions.

The original targets of the national anthem protests were police and “racist society.” However, those targets were too broad according to Rule 13. ESPN analyst Jemele Hill helped turn the target to President Trump when she called him a “white supremacist.” After President Trump called out ESPN for her comments and ultimately the NFL for disrespecting the national anthem, Alinsky’s Rule 13 was fully activated against President Trump. A battle has taken shape and as Rush Limbaugh said, “the once-great NFL was reduced to a tool of the left.”

I hope the public will remember how the once-beloved Disney took us down this path. As one of the top Democrat donors in the country, Disney has a political agenda, and they are implementing it at the expense of ESPN and their company’s stock price as viewers turn off ESPN. But more importantly, they are supporting the left’s agenda at the expense of the great pastime that used to bring us all together – sports.

Learn more at www.investpolitically.com

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.

ESPN deserves much of the blame for the national anthem protests at NFL games. Most people do not realize that Disney, the parent company (owner) of ESPN, is the third largest contributor to Democrats, behind only Google and Time Warner in the S&P 500 Index. Being a top Democrat donor might explain why Disney has infused football with left-wing, anti-American politics. The politicization of other sports is beginning, as ESPN pushes an open alt left stance on issues of race, causing a political divide that has polarized sports fans largely uninterested in politics. For over a year, ESPN has pumped dozens of stories praising Kaepernick’s “courage” for kneeling during the national anthem and continually praised his free speech rights. However, just last year, they were not concerned about free speech when they fired commentator Curt Schilling for a personal Facebook post ESPN did not like. This year, they chose not to fire journalist Jemele Hill after she called President Trump “a white supremacist” and a “bigot.” What was the difference in the two employees? One is conservative, and the other one is liberal.

Sports fans have been exercising their “free speech” by turning off ESPN. According to Nielsen and Outkick the Coverage, ESPN has lost 200,000 viewers so far in September, while other sports networks like Fox Sports 1 and NBCSN have gained 549,000 and 149,000 viewers, respectively. Disney’s stock is down over 5% this year, and ESPN is a big reason for the decline. As sports fans make their decision to turn off ESPN, they should examine if their mutual funds or other investments own Disney stock and other far-left companies. Companies are hurting their own share price to advance a political agenda.

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Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Index composition is heavily dependent on quantitative models and data supplied by third parties. Where such models and data are incorrect or incomplete, the composition of the Index will reflect such errors and likewise the Fund’s portfolio. Because the methodology of the Index selects securities of issuers for non-financial reasons, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. The Fund is not actively managed and therefore would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Real Estate investments are subject to changes in economic conditions, credit risk, and interest rate fluctuations.

Shares are bought and sold at market price (closing price), not net asset value (NAV), and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 pm ET when NAV is typically calculated. Brokerage commissions will reduce returns.

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Point Bridge Capital, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as the sub-advisor to the fund. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Point Bridge Capital, LLC or Vident Investment Advisory, LLC. TD Ameritrade, Edward Jones, E*Trade, Fidelity, and Charles Schwab are not affiliated with Point Bridge Capital, LLC, Vident Investment Advisory, LLC, or Foreside Fund Services, LLC.