A right-wing mutual fund contributed to the mounting fallout on the retailer's pride merchandising plans, with Target Corp. The American Conservative Values ​​ETF announced on Thursday that it has divested of its holdings in the retail giant and added the company to its "refusal to buy" list, citing the company's "Walled" agenda. Ticker Security Last Change % TGT Target Corp. 140.78 -2.35 -1.64 % "Target Corp.'s growing pandering of the Wake LGBT agenda has backfired, and the management team's inept response to the crisis of their own production has hurt their brand significantly across the political spectrum," the ACVF said. We believe. His actions cast any doubt on the company's hostility to conservative values." Target stocks amid Pride Trade Controversy Target faces backlash from both the left and the right after lurking in the depths of culture wars. The company was criticized by conservatives for its displays of LGBTQ products in preparation for Pride Month in June, and angered liberals by replacing and removing certain LGBTQ items to subvert customer "anger", as reported by Fox News Digital. Nordstrom cuts more than 300 jobs at San Francisco Store Closures Report The company held emergency meetings to avoid the "Bud Light Situation", citing the backlash of conservatives over the iconic beer brand's partnership with transgender influencer Dylan Mulvaney, but some investors fear it may be too late. Ticker Security Last Change % Bud Anheuser -Busch Inbev 56.86 -0.75 -1.30 % ACVF CEO and co-founder William Flaig told Fox Business that Target is not a significant holding in the ETF, with 0.28% of assets slightly more than 0.18% in the S&P 500. The fund boycotted a total of 34 companies, including Disney, Facebook Parent Meta, BlackRock and Google. Get Fox Business on the go by clicking here "The danger of companies playing politics is an obvious risk to their shareholders, one of which is easily mitigated," Flaig said. "In addition to boycotting the worst offenders, we recently submitted two shareholder recommendations to raise awareness and highlight this risk to boards and shareholders." Gotopnews.com