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:
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.
Institutional Caliber, 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.
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 09/26/2023 |
---|---|
Ticker | OALC |
Primary Exchange | NYSE Arca |
CUSIP | 90470L527 |
Inception Date | 11/15/2021 |
Net Assets | $36,954,369.31 |
Shares Outstanding | 1,650,000.00 |
Gross Expense Ratio | 0.76% |
Distribution Frequency | Annually |
Fund Price | As of 09/26/2023 |
---|---|
NAV | $22.40 |
Market Price | $22.41 |
30-day Median Bid/Ask Spread | 0.26% |
Premium Discount | $0.01 |
Historical Premium/Discount
Year 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
---|---|---|---|---|---|
Days at premium | 103 | 5 | 42 | 28 | - |
Days at discount | 109 | 48 | 10 | 12 | - |
The Premium/Discount shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). Market price data reflects the official closing price. This data is provided for information purposes only and is not intended for trading purposes. Past performance does not guarantee future results.
Elevate Stories
OneAscent seeks to invest in companies that promote flourishing for all. Below are examples of businesses in this fund that we believe elevate the people and places around them.
Abbott
Diabetes was the direct cause of death for 1.5 million people worldwide in 2019.
Hologic, Inc.
Hispanic women are 30% more likely to die from cervical cancer than non-Hispanic white women.
Cisco Systems
Approximately 28 million people worldwide live in forced labor conditions.
Adobe Inc.
Fifty-four percent of U.S. adults read below a 6th grade level.
Chubb Limited
In 2020, 22 separate billion-dollar weather and climate disasters occurred, causing over $95B in damages.
Top 10 Holdings as of 09/26/2023 | Weight |
---|---|
BBH SWEEP VEHICLE | 7.80% |
MOLINA HEALTHCAR | 4.42% |
CISCO SYSTEMS | 3.79% |
WR BERKLEY CORP | 3.71% |
ADOBE INC | 3.69% |
CHUBB LTD | 3.64% |
BUNGE LTD | 3.59% |
ABBOTT LABS | 3.52% |
GARTNER INC | 3.51% |
HOLOGIC INC | 3.39% |
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.
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.
The Fund is a new ETF and has a limited history of operations for investors to evaluate. The Adviser has not previously managed a mutual fund or an ETF.
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