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.
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.
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 03/28/2024 |
---|---|
Ticker | OALC |
Primary Exchange | NYSE Arca |
CUSIP | 90470L527 |
Inception Date | 11/15/2021 |
Net Assets | $102,850,745.13 |
Shares Outstanding | 3,775,000.00 |
Gross Expense Ratio | 0.88% |
Distribution Frequency | Annually |
Fund Price | As of 03/28/2024 |
---|---|
NAV | $27.30 |
Market Price | $27.36 |
30-day Median Bid/Ask Spread | 0.11% |
Premium Discount | $0.11 |
Historical Premium/Discount
Year 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
---|---|---|---|---|---|
Days at premium | 103 | 5 | 42 | 28 | 29 |
Days at discount | 109 | 48 | 10 | 14 | 15 |
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.
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.
Chubb Limited
In 2020, 22 separate billion-dollar weather and climate disasters occurred, causing over $95B in damages.
Cisco Systems
Approximately 28 million people worldwide live in forced labor conditions.
Hologic, Inc.
Hispanic women are 30% more likely to die from cervical cancer than non-Hispanic white women.
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.
Top 10 Holdings as of 03/28/2024 | Weight |
---|---|
MICROSOFT CORP | 7.35% |
NVIDIA CORP | 4.98% |
AMAZON.COM INC | 3.85% |
ALPHABET INC-A | 2.21% |
ALPHABET INC-C | 1.91% |
BROADCOM INC | 1.89% |
BERKSHIRE HATH-B | 1.88% |
SEMPRA | 1.85% |
ABBOTT LABS | 1.84% |
CISCO SYSTEMS | 1.78% |
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.
17683067-NLD-12/11/2023