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:
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.
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.
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 09/7/2024 |
---|---|
Ticker | OASC |
Primary Exchange | NYSE |
CUSIP | 90470L295 |
Inception Date | 6/13/2024 |
Net Assets | $10,253,838.91 |
Shares Outstanding | 375,000.00 |
Gross Expense Ratio | 0.82% |
Net Expense Ratio | 0.64% |
Distribution Frequency | Annually |
Fund Price | As of 09/7/2024 |
---|---|
NAV | $26.10 |
Market Price | $27.37 |
30-day Median Bid/Ask Spread | 0.29% |
Premium Discount | $0.03 |
Historical Premium/Discount
Year 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
---|---|---|---|---|---|
Days at premium | 0 | - | 7 | 31 | - |
Days at discount | 0 | - | 2 | 10 | - |
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.
Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market.
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.
Performance
As of 6/30/2024
Trailing Returns
Since Inception | |
OneAscent Small Cap Core ETF (Price) | -0.04% |
OneAscent Small Cap Core ETF (NAV) | -0.08% |
S&P SmallCap 600 TR USD | -0.58% |
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 0.82%.
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.
Meritage Homes Corp.
On average, Americans pay nearly $430 per month for home utilities, which is approximately 10% of a typical household’s income.
Since 2009, Meritage has delivered more than 100,000 energy-efficient homes. These builds have saved $605.6 million in cumulative homeowner utility bills, or approximately $6,000 per household.
Merit Medical
Nearly 1.8 million Americans will require a coronary balloon and stent placement procedure in 2024.
Merit’s basixSKY Inflation Device widens restricted or blocked coronary and peripheral arteries. It is simple to use, highly responsive, and enables one-handed preparation through innovative rotational torque and handle revolution design.
Progress Software Corp.
75% of executives credit their success to mentors, yet many mentorship structures are narrow and restrictive.
Progress Software elevates its employees through its corporate Mentorship Program. In 2023, 42% of Progress’s C-suite leaders personally participated as individual mentors of employees within the company.
Heartland Express, Inc.
Medium and heavy-duty trucks account for nearly one-fourth of all transportation air pollution in the United States.
Heartland Express trains its drivers to minimize idling, adopts technologies to reduce drag and improve drive performance, and utilizes driver comfort systems powered by solar energy gathered while the truck drives during the day. It has received the SmartWay Excellence Award for sustainability seven times since 2012.
Frontdoor, Inc.
Homeowners report renovation projects cost an average of $19,000 more than the original quote and take an average of 40 days longer than expected.
Frontdoor provides quality and budget-friendly home repair experts. Through a $25 per year subscription service, Frontdoor customers can connect with an Expert via video call in minutes—resulting in expedient diagnosis of a need and recommended list of local and vetted professionals.
Top 10 Holdings as of 09/7/2024 | Weight |
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US DOLLARS | 3.41% |
MUELLER INDS | 1.16% |
ENSIGN GROUP INC | 1.10% |
MERITAGE HOMES C | 1.08% |
SPX TECHNOLOGIES | 0.99% |
VF CORP | 0.92% |
S & T BANCORP | 0.90% |
UNIFIRST CORP/MA | 0.87% |
MERIT MEDICAL | 0.86% |
SPS COMMERCE INC | 0.85% |
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 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.
The S&P SmallCap 600® seeks to measure the small-cap segment of the U.S. equity market. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.