Onefund is a fintech platform that allows investors to track the S&P 500® Index while providing them with the ability to customize their proxy voting preferences through its Index Voting Choice feature. This addresses the issue of concentrated voting power in index funds, enabling individual investors to have a say in corporate governance aligned with their values.
Funding
Funding not disclosed
Founders
Product
Problem
Individual investors in S&P 500 index funds lack the ability to directly influence corporate governance decisions made by fund managers. The voting power is concentrated in the hands of a few large institutions, potentially misaligning with the values and preferences of the underlying investors.
Solution
Onefund offers an S&P 500 index fund, identified by the ticker symbol INDEX, that incorporates an "Index Voting Choice" feature, empowering investors to customize their proxy voting preferences. Through a partnership with iconik, shareholders can select from preset voting profiles aligned with various values, such as ESG+, Conservative, or Catholic Values, or create their own customized voting profiles. This allows investors to express their opinions on key corporate governance matters and influence how their shares are voted, addressing the issue of concentrated voting power in traditional index funds.
Target Audience
The primary target audience is retail investors seeking S&P 500 index fund exposure with the added benefit of aligning their investments with their values through customized proxy voting.
Features
- S&P 500 index fund (Ticker Symbol: INDEX)
- Index Voting Choice feature enabling investors to customize proxy voting
- Partnership with iconik for user-friendly voting profile creation and management
- Pre-set voting profiles: ESG+, Conservative, Catholic Values, Shareholder Protections, and Board-Aligned
- Transparent access to fund's full voting record (Form N-PX filings) with the SEC