OALC

OALC

OneAscent Large Cap Core ETF

OneAscent Large Cap Core ETF (OALC) seeks capital appreciation by investing in large-capitalization stocks of U.S. companies that we believe have above-average growth potential and make a positive impact on the world.

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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Disciplined, Fundamental Process
OALC utilizes a disciplined and systematic process for identifying what we believe to be the most attractive companies relative to their industry peers.

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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 02/28/2024
Ticker OALC
Primary Exchange NYSE Arca
CUSIP 90470L527
Inception Date 11/15/2021
Net Assets $92,648,811.87
Shares Outstanding 3,525,000.00
Gross Expense Ratio 0.82%
Distribution Frequency Annually
Fund Price As of 02/28/2024
NAV $26.28
Market Price $26.29
30-day Median Bid/Ask Spread 0.15%
Premium Discount $0.01

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 12/31/2023

Trailing Returns

  3 Month YTD 1 Year Since Inception
OneAscent Large Cap Core ETF (Price) 11.24% 21.98% 21.98% 0.27%
OneAscent Large Cap Core ETF (NAV) 11.34% 22.09% 22.09% 0.29%
S&P 500 Index 11.69% 26.29% 26.29% 2.53%

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.

Adobe Inc.

Fifty-four percent of U.S. adults read below a 6th grade level.

Adobe partners with experts in higher education, technology, and nonprofits to improve the readability of the 2.5 trillion PDFs in the world today. This effort can improve reading comprehension by up to 239 words per minute.

Learn More

Chubb Limited

In 2020, 22 separate billion-dollar weather and climate disasters occurred, causing over $95B in damages.

Partnering with the Bren School of Environmental Science & Management at UC Santa Barbara, Chubb is actively researching the risk of wildfires in critically susceptible regions in order to draw conclusions for mitigation techniques and adaptation strategies.

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

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

Chevron

Diesel consumption accounts for 10% of total U.S. energy-related carbon emissions.

Chevron’s commitment to produce 100,000 barrels of renewable fuels per day by 2030, the company’s acquisition of Renewable Energy Group in 2022 makes projects like renewable diesel possible. Chevron maintains that product diversification is critical for their business future as producer competition increases and energy demands and policies shift.

Learn More

Allocation as of 02/28/2024

TECHNOLOGY 40.5

HEALTH CARE 13.87

FINANCIALS 12.06

BANKS SAVINGS-DEPOSIT ACCOUNT 7.5

CONSUMER DISCRETIONARY 5.9

CONSUMER STAPLES 4.27

INDUSTRIALS 3.81

ENERGY 3.44

UTILITIES 3.42

COMMUNICATIONS 2.05

MATERIALS 1.34

REAL ESTATE 0.98

CURRENCY 0.88

Top 10 Holdings as of 02/28/2024 Weight
BBH SWEEP VEHICLE 7.50%
MICROSOFT CORP 5.03%
MOLINA HEALTHCAR 4.53%
NVIDIA CORP 4.45%
WR BERKLEY CORP 4.15%
GARTNER INC 3.97%
CHUBB LTD 3.79%
ABBOTT LABS 3.74%
ADOBE INC 3.43%
HOLOGIC INC 3.07%
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

Quarterly Commentary

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.

17683067-NLD-12/11/2023