A Fort Worth money manager is betting GOP-minded investors are willing to put their money behind their political leanings.

Hal Lambert, founder and managing director of Point Bridge Capital, appeared Friday on business news network CNBC to explain why he launched a new exchange-traded fund that invests in Republican-friendly companies.

Lambert, the former Texas GOP finance chair who led Sen. Ted Cruz's presidential fundraising efforts, said he created the fund by screening the S&P 500 for the financial contributions of company political action committees and employees.

From that, he came up with an index of 150 "Republican supporting" companies whose employees and PACs gave the most to GOP candidates. Lambert's ETF began trading Thursday under the ticker MAGA — or Making America Great Again.

"If you look at what's going on right now, the companies are becoming more political than ever," he told CNBC. "They're giving more money than ever."

Lambert cited ESPN, Target and Starbucks as examples of companies that he thinks became too political and suffered as a result. "These companies are coming out and doing things politically that I don't think are in the interest of the shareholders," he said.

The fund's 150 companies are listed on Lambert's website, investpolitically.com. North Texas-based companies include AT&T, Comerica, Dr Pepper Snapple Group, Exxon Mobil and Fluor.

In a separate interview with The Daily Caller, Lambert said the top five Republican contributors in the past two election cycles were AT&T, Exxon, Marathon Petroleum, Home Depot and Altria. "All of those stocks will be in the ETF," Lambert told the conservative news site.

He identified the top five Democratic contributors as Alphabet (Google), Time Warner, Walt Disney, Apple and Dish Network. Time Warner is planning to merge with AT&T in a $108.7 billion deal that's expected to win regulatory approval before the end of the year.