How the fund works

01  The Strategy

Nancy Pelosi has represented San Francisco in the House of Representatives since 1987 and was Speaker of the House twice, from 2007 to 2011 and from 2019 to 2023, the only woman to hold the office. Her household’s stock trades, like those of every member of Congress, are disclosed by law, and that disclosed book has spent years outrunning the index.

The strategy is to hold what those disclosures say Nancy Pelosi holds, 26 positions worth $155.2M, at the weights on the most recent filing. Nothing is selected, timed or sized by anyone here.

It is not a snapshot either. Every new trade she files is tracked and added: the treasury acquires the positions she opens and stands down from the ones she exits. The full book is simply where the filings stand today.

02  The Tax

Buy

5.00%, withheld at transfer and forwarded in the same transaction.

Sell

5.00%, identical treatment. Exiting still capitalises the book.

Wallet to wallet

Untaxed. The tax applies to pool trades, not to moving your own tokens.

Destination

The treasury address, and only that address. The router holds no setter for the destination, so it cannot be pointed elsewhere after deployment.

Team, marketing, operations

0.00%. There is no allocation and no fee switch.

03  The Treasury

The treasury accrues in ETH and USDC and is deployed in full. There is no discretionary spend, no runway reserve and no market-making allocation, the only outbound path is the purchase of tokenised equity exposure at the filed weights.

Deployment cadence

Daily, or on crossing a size threshold, whichever comes first.

Rebalancing

On each new disclosure. Weights follow the filing; they are not chosen and not optimised.

Custody

Pending, custodian and attestation cadence to be published here before launch.

Reporting

Treasury balance and holdings are readable on-chain. A periodic statement will be published on this page.

Total supply

Fixed at deployment. The contract has no mint function, and redemption only ever reduces it.

Team allocation

None.

Liquidity

Pending, lock duration and proof to be published here before launch.

Network

Robinhood Chain.

Holding $NANCY is not, by itself, ownership of the underlying equities. The claim on them comes from redemption, below.

04  The Redemption

There are two ways out. The normal one is to sell into the pool for ETH at whatever the market pays. The other is redemption: $NANCY can be exchanged for the underlying equities themselves rather than for tokens. A redeeming holder burns their tokens and receives their pro-rata slice of the treasury book, actual shares of AAPL, NVDA, AMZN and the rest, at the weights held on the day, instead of a swap back into ETH.

That is what makes the floor real rather than rhetorical. A token whose treasury buys equities is worth whatever the market says it is worth; a token that can be exchanged for those equities is worth at least what they are worth, because anyone buying below that redeems and keeps the difference. Every taxed trade raises the book, and the book is the redemption value.

What you receive

Your pro-rata share of each position, in the same proportions the treasury holds.

What is burned

The redeemed tokens, permanently. Supply falls; the remaining holders’ share of the book does not.

Minimum

Coming soon.. A floor is needed so a redemption is worth more than the settlement cost of it.

Settlement

Coming soon.. Brokerage, eligibility and timelines to be published here before launch.

05  The Contracts

Nothing is deployed yet. Every address below is pending. The contract address will be posted on this page and on our official account, @pelosi_strategy, and nowhere else. Treat any address circulating elsewhere and claiming to be $NANCY as fraudulent until it appears in one of those two places.

On deployment, each address is published here, verified on the relevant block explorer, and the source is opened. Ownership of the token contract is renounced in the same transaction that enables trading.