XVOL
The Acruence Active Hedge U.S. Equity ETF
Fund Summary
The Acruence Active Hedge U.S. Equity ETF (XVOL) is an actively-managed exchange-traded fund (ETF) that seeks capital appreciation with reduced volatility as compared to a universe of U.S. Large Cap equites.
Acruence invests in companies that pay dividends and companies we believe are positioned for growth. The portfolio is rebalanced to represent what we believe is a strategic blend. Additionally we seek to reduce volatility by purchasing options contracts on the VIX (Cboe Volatility Index). Acruence uses a proprietary, volatility-based algorithm to determine the number of VIX options contracts to purchase, as well as the strike price(s) and expiration date(s) of the options
Fund Information
| Inception Date | 04/21/2021 |
| Ticker | XVOL |
| Primary Exchange | Cboe BZX Exchange, Inc |
| CUSIP | 886364744 |
| Expense Ratio | 0.83% |
| 30 Day SEC Yield As of 02/28/2026* | 0.32% |
*The 30-Day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and does not reflect waivers in effect.
Fund Data and Pricing
| Net Assets | $2.19m |
| NAV | $21.87 |
| Shares Outstanding | 100,000 |
| Premium/Discount Percentage | -0.02% |
| Closing Price | $21.86 |
| Median 30 Day Spread* | 0.67% |
*30 Day Median 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.
Performance
Inception Date: 04/21/2021
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | Since Inception (Cumulative) | Since Inception (Annualized) |
|---|---|---|---|---|---|---|---|---|
| XVOL MKT | 3.49 | 4.09 | 8.33 | 5.14 | 14.91 | 13.19 | 32 | 5.88 |
| XVOL NAV | 3.57 | 4.19 | 8.37 | 5.29 | 14.78 | 13.2 | 32.1 | 5.9 |
| SPTR2 | -0.76 | 0.74 | 7.12 | 0.68 | 16.99 | 21.8 | 76.95 | 12.47 |
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | Since Inception (Cumulative) | Since Inception (Annualized) |
|---|---|---|---|---|---|---|---|---|
| XVOL MKT | -1 | -0.34 | 6.35 | 9.52 | 9.52 | 12.17 | 25.55 | 4.97 |
| XVOL NAV | -1.04 | -0.43 | 6.18 | 9.5 | 9.5 | 12.12 | 25.46 | 4.95 |
| SPTR2 | 0.06 | 2.66 | 11 | 17.88 | 17.88 | 23.01 | 75.76 | 12.76 |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (833) 653-6400.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
Performance Returns (Month-End & Quarter-End)
Inception Date: 04/21/2021
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (833) 653-6400.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
Performance Returns (Calendar Year)
|
YTD 2023
Inception Date 04/21/2021 |
||||||||
| Market Price | 6.09% | |||||||
| Fund NAV | 6.25% | |||||||
Performance Returns Calendar Year
|
YTD 2023
Inception Date 04/21/2021 |
||||||||
| Market Price | 6.09% | |||||||
| Fund NAV | 6.25% | |||||||
Distribution Detail
| Fund Name | Ex-Date | Record Date | Payable Date | Amount |
| XVOL | 12/29/2021 | 12/30/2021 | 12/31/2021 | $0.0650 |
| XVOL | 12/23/2022 | 12/27/2022 | 12/28/2022 | $0.4929 |
| XVOL | 12/27/2023 | 12/28/2023 | 12/29/2023 | $0.2000 |
Top 10 Holdings
Holdings subject to change.
| Name | CUSIP | Shares | Price | Market Value | Weightings ▲ |
|---|---|---|---|---|---|
| KLA CORP | 482480100 | 26 | $1382.58 | $35,947.08 | 2.19% |
| Targa Resources Corp | 87612G101 | 135 | $248.09 | $33,492.15 | 2.04% |
| Corning Inc | 219350105 | 260 | $128.55 | $33,423.0 | 2.04% |
| Keysight Technologies Inc | 49338L103 | 123 | $269.41 | $33,137.43 | 2.02% |
| Newmont Corp | 651639106 | 284 | $103.12 | $29,286.08 | 1.79% |
| Royal Caribbean Cruises Ltd | V7780T103 | 110 | $261.37 | $28,750.7 | 1.75% |
| Regeneron Pharmaceuticals Inc | 75886F107 | 38 | $749.29 | $28,473.02 | 1.74% |
| NXP Semiconductors NV | N6596X109 | 143 | $187.39 | $26,796.77 | 1.63% |
| Howmet Aerospace Inc | 443201108 | 118 | $222.99 | $26,312.82 | 1.60% |
| Caterpillar Inc | 149123101 | 39 | $667.43 | $26,029.77 | 1.59% |
| Cadence Design Systems Inc | 127387108 | 93 | $270.88 | $25,191.84 | 1.54% |
| Vertex Pharmaceuticals Inc | 92532F100 | 57 | $443.16 | $25,260.12 | 1.54% |
| eBay Inc | 278642103 | 279 | $88.01 | $24,554.79 | 1.50% |
| IDEXX Laboratories Inc | 45168D104 | 43 | $557.09 | $23,954.87 | 1.46% |
| Eli Lilly & Co | 532457108 | 27 | $886.63 | $23,939.01 | 1.46% |
| Deere & Co | 244199105 | 43 | $553.88 | $23,816.84 | 1.45% |
| Hershey Co/The | 427866108 | 111 | $213.55 | $23,704.05 | 1.45% |
| Netflix Inc | 64110L106 | 254 | $92.97 | $23,614.38 | 1.44% |
| Airbnb Inc | 009066101 | 189 | $123.1 | $23,265.9 | 1.42% |
| Uber Technologies Inc | 90353T100 | 331 | $69.91 | $23,140.21 | 1.41% |
| Bristol-Myers Squibb Co | 110122108 | 384 | $59.73 | $22,936.32 | 1.40% |
| Parker-Hannifin Corp | 701094104 | 26 | $861.48 | $22,398.48 | 1.37% |
| United Rentals Inc | 911363109 | 31 | $713.86 | $22,129.66 | 1.35% |
| Palo Alto Networks Inc | 697435105 | 141 | $154.35 | $21,763.35 | 1.33% |
| Williams Cos Inc/The | 969457100 | 301 | $72.47 | $21,813.47 | 1.33% |
| Amazon.com Inc | 023135106 | 108 | $200.95 | $21,702.6 | 1.32% |
| Merck & Co Inc | 58933Y105 | 184 | $118.1 | $21,730.4 | 1.32% |
| Meta Platforms Inc | 30303M102 | 40 | $536.38 | $21,455.2 | 1.31% |
| Electronic Arts Inc | 285512109 | 106 | $202.57 | $21,472.42 | 1.31% |
| Cummins Inc | 231021106 | 42 | $511.7 | $21,491.4 | 1.31% |
| Gilead Sciences Inc | 375558103 | 157 | $136.34 | $21,405.38 | 1.31% |
| Ross Stores Inc | 778296103 | 103 | $208.79 | $21,505.37 | 1.31% |
| NextEra Energy Inc | 65339F101 | 232 | $92.05 | $21,355.6 | 1.30% |
| Amgen Inc | 031162100 | 61 | $349.0 | $21,289.0 | 1.30% |
| Johnson Controls International plc | G51502105 | 168 | $126.58 | $21,265.44 | 1.30% |
| Amphenol Corp | 032095101 | 177 | $119.15 | $21,089.55 | 1.29% |
| Las Vegas Sands Corp | 517834107 | 405 | $51.62 | $20,906.1 | 1.27% |
| Rockwell Automation Inc | 773903109 | 59 | $348.51 | $20,562.09 | 1.25% |
| QUALCOMM Inc | 747525103 | 159 | $127.07 | $20,204.13 | 1.23% |
| Trane Technologies PLC | G8994E103 | 50 | $403.93 | $20,196.5 | 1.23% |
| Alphabet Inc | 02079K305 | 73 | $273.5 | $19,965.5 | 1.22% |
| Intuitive Surgical Inc | 46120E602 | 44 | $452.775 | $19,922.1 | 1.21% |
| Alphabet Inc | 02079K107 | 72 | $273.14 | $19,666.08 | 1.20% |
| GE HealthCare Technologies Inc | 36266G107 | 286 | $68.77 | $19,668.22 | 1.20% |
| Apple Inc | 037833100 | 80 | $246.63 | $19,730.4 | 1.20% |
| GE AEROSPACE | 369604301 | 72 | $273.25 | $19,674.0 | 1.20% |
| IQVIA Holdings Inc | 46266C105 | 116 | $166.16 | $19,274.56 | 1.18% |
| VIX US 04/15/26 C45 | VIX 260415C00045000 | 195 | $0.995 | $19,402.5 | 1.18% |
| Fastenal Co | 311900104 | 427 | $45.12 | $19,266.24 | 1.17% |
| Verizon Communications Inc | 92343V104 | 371 | $50.3 | $18,661.3 | 1.14% |
| ResMed Inc | 761152107 | 82 | $220.03 | $18,042.46 | 1.10% |
| AT&T Inc | 00206R102 | 628 | $28.78 | $18,073.84 | 1.10% |
| TE Connectivity PLC | G87052109 | 90 | $198.64 | $17,877.6 | 1.09% |
| 3M Co | 88579Y101 | 125 | $142.52 | $17,815.0 | 1.09% |
| CRH PLC | G25508105 | 174 | $101.91 | $17,732.34 | 1.08% |
| Agilent Technologies Inc | 00846U101 | 157 | $111.755 | $17,545.54 | 1.07% |
| Thermo Fisher Scientific Inc | 883556102 | 36 | $480.05 | $17,281.8 | 1.05% |
| International Business Machines Corp | 459200101 | 71 | $237.25 | $16,844.75 | 1.03% |
| Monster Beverage Corp | 61174X109 | 234 | $71.32 | $16,688.88 | 1.02% |
| Cisco Systems Inc | 17275R102 | 211 | $77.04 | $16,255.44 | 0.99% |
| Edwards Lifesciences Corp | 28176E108 | 204 | $79.5 | $16,218.0 | 0.99% |
| Vulcan Materials Co | 929160109 | 61 | $266.94 | $16,283.34 | 0.99% |
| Autodesk Inc | 052769106 | 69 | $235.68 | $16,261.92 | 0.99% |
| AMETEK Inc | 031100100 | 78 | $208.37 | $16,252.86 | 0.99% |
| Cintas Corp | 172908105 | 94 | $168.66 | $15,854.04 | 0.97% |
| Johnson & Johnson | 478160104 | 65 | $242.49 | $15,761.85 | 0.96% |
| American Electric Power Co Inc | 025537101 | 120 | $131.12 | $15,734.4 | 0.96% |
| Martin Marietta Materials Inc | 573284106 | 27 | $573.57 | $15,486.39 | 0.94% |
| Intuit Inc | 461202103 | 36 | $429.03 | $15,445.08 | 0.94% |
| Linde PLC | G54950103 | 31 | $499.26 | $15,477.06 | 0.94% |
| Waste Management Inc | 94106L109 | 62 | $229.96 | $14,257.52 | 0.87% |
| Ecolab Inc | 278865100 | 54 | $262.49 | $14,174.46 | 0.86% |
| Republic Services Inc | 760759100 | 63 | $221.68 | $13,965.84 | 0.85% |
| Southern Co/The | 842587107 | 142 | $96.93 | $13,764.06 | 0.84% |
| TJX Cos Inc/The | 872540109 | 87 | $155.79 | $13,553.73 | 0.83% |
| S&P Global Inc | 78409V104 | 32 | $417.59 | $13,362.88 | 0.81% |
| Coca-Cola Co/The | 191216100 | 171 | $76.27 | $13,042.17 | 0.80% |
| Cognizant Technology Solutions Corp | 192446102 | 215 | $61.06 | $13,127.9 | 0.80% |
| Microsoft Corp | 594918104 | 36 | $358.96 | $12,922.56 | 0.79% |
| Abbott Laboratories | 002824100 | 123 | $101.88 | $12,531.24 | 0.76% |
| Boston Scientific Corp | 101137107 | 168 | $62.93 | $10,572.24 | 0.64% |
| First American Government Obligations Fund 12/01/2031 | 31846V336 | 8,324 | $100.0 | $8,324.3 | 0.51% |
| VIX US 04/15/26 C70 | VIX 260415C00070000 | -195 | $0.315 | $-6,142.5 | -0.37% |
| Cash & Other | Cash&Other | -6,355 | $1.0 | $-6,354.6 | -0.39% |
How to Purchase our ETF
The Acruence Active Hedge U.S. Equity ETF (XVOL) is available through various channels including via phone (833) 653-6400, broker-dealers, investment advisers, and other financial services firms, including:
The Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.
In the News
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Investments involve risk including the possible loss of principal. There is no guarantee the investment objective will be successful.
Options can be volatile and have a large impact on the performance of the Fund. There is a risk of loss of all or part of the cash paid (premium) for purchasing options and the value of the option may be lost if not exercised at or prior to expiration. One of the primary drivers of the value of a VIX Option is movement in the spot value of the VIX Index, which is a measure of implied volatility of S&P 500 options. Therefore, changing market expectations of future volatility will lead to changes in the market value of VIX Options. Because implied volatilities often rise during periods of market stress, the VIX Index is often negatively correlated to equity markets.
The Fund may actively and frequently trade all or a significant portion of the securities in its portfolio which may increase the Fund’s expenses and also cause adverse tax consequences. The Fund is actively-managed and may not meet its investment objective based on the Sub-Adviser’s success or failure to implement investment strategies for the Fund.The fund is classified as non-diversified. Because it is non-diversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund’s share price than if it were diversified. The Fund is a recently organized management investment company with no operating history.
The S&P 500® Index is composed of 500 selected common stocks most of which are listed on the New York Stock Exchange. It is not an investment product available for purchase. The Chicago Board Options Exchange (“CBOE”) Volatility Index (The “VIX” Index) estimates the expected level of volatility in the U.S. stock market, as reflected by the S&P 500, forward-looking over 30 days. It is not possible to invest directly in an Index.
You should consider the fund’s investment objectives, risks, and charges and expenses carefully before you invest. The fund’s prospectus or summary prospectus, which can be obtained by calling 1-833-653-6400, contains this and other information about the fund, and should be read carefully before investing.
The fund is distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Acruence Capital, LLC.
8111 Preston Rd. Suite 500
Dallas, TX 75225
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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Advisory services offered through Acruence Capital, LLC, Registered Investment Adviser