OASC

OASC

OneAscent Small Cap Core ETF

OneAscent Small Cap ETF (OASC) seeks capital appreciation by investing in a broad group of small-cap U.S. companies similar to the S&P Small-Cap 600 Index after applying the OneAscent Elevate screening process.

Key Uniques:

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Diversified Core U.S. Small-Cap Equity Exposure
OASC is constructed to be a core holding for equity portfolios by providing diversified access to U.S. small cap companies.

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Index-Based Portfolio
OASC seeks to provide index-like returns by investing in a portfolio optimized to perform similar to the S&P Small-Cap 600 Index.

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

Fund Details As of 07/19/2024
Ticker OASC
Primary Exchange NYSE
CUSIP 90470L295
Inception Date 6/13/2024
Net Assets $6,639,076.72
Shares Outstanding 250,000.00
Gross Expense Ratio 0.82%
Net Expense Ratio 0.64%
Distribution Frequency Annually
Fund Price As of 07/19/2024
NAV $26.56
Market Price $26.55
30-day Median Bid/Ask Spread 0.22%
Premium Discount $-0.01
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 .64% through December 31, 2025.
Fund NAV represents the closing price of underlying securities.
Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market.
30-Day Median Bid/Ask Spread gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.
Premium Discount is the amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Allocation as of 07/19/2024

FINANCIALS 20.96

CONSUMER DISCRETIONARY 18.34

INDUSTRIALS 13.6

TECHNOLOGY 13.4

MATERIALS 8.32

HEALTH CARE 7.93

REAL ESTATE 4.72

ENERGY 4.46

UTILITIES 3.22

CURRENCY 1.85

CONSUMER STAPLES 1.62

COMMUNICATIONS 1.58

Top 10 Holdings as of 07/19/2024 Weight
US DOLLARS 1.83%
MUELLER INDS 1.09%
MERITAGE HOMES C 1.06%
SPX TECHNOLOGIES 1.01%
ENSIGN GROUP INC 0.98%
SPS COMMERCE INC 0.91%
S & T BANCORP 0.89%
UNIFIRST CORP/MA 0.87%
FIRST HAWAIIA 0.85%
VF CORP 0.84%
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

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 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.

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.

High conviction is a style of active management that is expressed through portfolio construction. Without deploying a consistent high-conviction approach over time, it is hard for any manager to beat the benchmark or passive fund equivalent for their target sector.

The fund contains international securities that may provide the opportunity for greater return but also have special risks associated with foreign investing including fluctuations in currency, government regulation, differences in accounting standards and liquidity.

Securities of companies with small market capitalizations are often more volatile and less liquid than investments in larger companies. Small cap companies may face a greater risk of business failure, which could increase the volatility of the Fund’s portfolio.

The Fund is a new ETF and has a limited history of operations for investors to evaluate.

Additional risks are included in the Fund prospectus.