OALC

OALC

OneAscent Large Cap Core ETF

OneAscent Large Cap Core ETF (OALC) seeks capital appreciation by investing in a broad group of large-cap U.S. companies similar to the S&P 500 after applying the OneAscent Elevate screening process.

Key Uniques:

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Diversified Core U.S. Equity Exposure
OALC is constructed to be a core holding for equity portfolios by providing diversified access to U.S. large cap companies.

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Index-Based Portfolio
OALC seeks to provide index-like returns by investing in a portfolio optimized to perform similar to the S&P 500.

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Values-Aligned for Kingdom Impact
OALC uses a proprietary screening process to elevate companies that align with faith-based principles and positively impact the world.

Fund Details As of 07/25/2024
Ticker OALC
Primary Exchange NYSE Arca
CUSIP 90470L527
Inception Date 11/15/2021
Net Assets $109,481,850.34
Shares Outstanding 3,975,000.00
Gross Expense Ratio 0.86%
Net Expense Ratio 0.49%
Distribution Frequency Annually

Historical Premium/Discount

Fund Price As of 07/25/2024
NAV $27.54
Market Price $27.56
30-day Median Bid/Ask Spread 0.14%
Premium Discount $0.02
The Fund's advisor has contractually agreed to waive its management fee and/ or reimburse the Fund's other expenses in order to limit total operating expenses to .49% through December 31, 2025

Investment Process

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The investable universe is defined as U.S. Companies with a market capitalization greater than $5 billion at the time of initial purchase.

Performance

As of 6/30/2024

Trailing Returns

  3 Month YTD 1 Year Since Inception
OneAscent Large Cap Core ETF (Price) 2.12% 11.99% 22.09% 4.64%
OneAscent Large Cap Core ETF (NAV) 2.27% 11.95% 22.25% 4.64%
S&P 500 Index 4.28% 15.29% 24.56% 7.74%

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 redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance current to the most recent month end, please call 1-800-222-8274.

The total fund operating expense is 0.86%.

Source: Morningstar Direct.

Elevate Stories

When a company elevates every single person and every square inch, they create stories worth sharing.
Below are examples from this fund.

NVIDIA Corp.

Nearly half of U.S. women do not qualify for FMLA.

Birth mothers employed at NVIDIA are entitled to at least 22 weeks of fully paid leave, while non-birth parents may take up to 12 weeks of fully paid leave. This kind of policy is proven to create stronger families while increasing employee retention and satisfaction.

Learn More

Cisco Systems

Approximately 28 million people worldwide live in forced labor conditions.

Embedded in Cisco's due diligence system is a dedication to human rights. Cisco requires suppliers to comply with a regulated code of conduct in order to do business with them.

Learn More

Home Depot, Inc.

More than 1.6 billion people rely on forests for their livelihoods, yet the world lost 9.1 million acres of primary tropical forest in 2023.

While they have long required third-party certification to avoid deforestation in endangered forests, after a 2023 supply chain audit, Home Depot will now require certification of at least 88% of its total wood sourcing by 2026.

Learn More

Costco Wholesale

The retail industry's median tenure for an employee is barely more than two years.

Costco’s employee benefits include programs to encourage college attendance, internships for warehouse employees to work in corporate offices, and Supervisor in Training that allows warehouse employees to further their management prospects. Seventy-five percent of Costco warehouse managers started in hourly positions.

Learn More

Hologic, Inc.

Hispanic women are 30% more likely to die from cervical cancer than non-Hispanic white women.

Hologic's ThinPrep Pap test remains the top cervical cancer screening choice in the US, while their Global Women's Health Index survey addresses women's health coverage gaps, and Project Health Equity helps provide lifesaving products to underserved communities.

Learn More

Allocation as of 07/25/2024

TECHNOLOGY 34.35

HEALTH CARE 11.4

COMMUNICATIONS 10.73

CONSUMER DISCRETIONARY 9.94

FINANCIALS 9.44

INDUSTRIALS 7.63

CONSUMER STAPLES 6.75

ENERGY 3.47

UTILITIES 2.61

MATERIALS 1.69

REAL ESTATE 1.3

BANKS SAVINGS-DEPOSIT ACCOUNT 0.67

CURRENCY 0.02

Top 10 Holdings as of 07/25/2024 Weight
MICROSOFT CORP 7.24%
NVIDIA CORP 6.23%
AMAZON.COM INC 3.75%
ALPHABET INC-A 2.17%
ALPHABET INC-C 2.10%
BERKSHIRE HATH-B 1.92%
JPMORGAN CHASE 1.70%
BROADCOM INC 1.68%
TESLA INC 1.45%
VISA INC-CLASS A 1.44%
View all holdings (csv)

As a percent of net assets. Portfolio Holdings are subject to change and should not be considered investment advice. Current and future portfolio holdings are subject to risk.

Documents

Summary Prospectus

Prospectus

SAI

Semi-Annual Report

Annual Report

Fact Sheet

Quarterly Holdings

Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 1-800-222-8274 or clicking the link above. The fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with OneAscent Investment Solutions, LLC.

Important Risk Information:
Exchange-traded funds involve risk including the possible loss of principal. Past performance does not guarantee future results.

The Adviser invests in equity securities only if they meet both the Fund's investment and values-based screening requirements, and as such, the returns may be lower than if the Adviser made decisions based solely on investment considerations.

Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion.

The Fund faces numerous market trading risks, including the potential lack of an active market for Fund sharers, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption process of the Fund. These factors may lead to the Fund's shares trading at a premium or discount to NAV.

Additional risks are included in the Fund prospectus.