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About Texas Capital Texas Equity Index ETF
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Inception date
Jul 12, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Texas Capital Bank Wealth Management Services, Inc.
Distributor
Northern Lights Distributors LLC
ISIN
US88224A1025
TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Industrial Services
Technology Services
Stocks99.84%
Finance19.59%
Industrial Services15.54%
Technology Services10.18%
Energy Minerals9.86%
Consumer Durables8.12%
Health Services6.95%
Retail Trade6.80%
Distribution Services5.92%
Consumer Services4.96%
Utilities3.15%
Producer Manufacturing1.69%
Miscellaneous1.52%
Electronic Technology1.49%
Communications1.44%
Transportation1.08%
Non-Energy Minerals0.39%
Process Industries0.37%
Commercial Services0.31%
Consumer Non-Durables0.26%
Health Technology0.22%
Bonds, Cash & Other0.16%
Mutual fund0.16%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TXS invests in stocks. The fund's major sectors are Finance, with 19.59% stocks, and Industrial Services, with 15.54% of the basket. The assets are mostly located in the North America region.
TXS top holdings are Tesla, Inc. and Tenet Healthcare Corporation, occupying 5.70% and 4.94% of the portfolio correspondingly.
TXS last dividends amounted to 0.06 USD. The year before, the issuer paid 0.07 USD in dividends, which shows a 4.84% decrease.
TXS assets under management is 33.76 M USD. It's risen 3.96% over the last month.
TXS fund flows account for 3.63 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TXS pays dividends to its holders with the dividend yield of 0.69%. The last dividend (Jun 30, 2025) amounted to 0.06 USD. The dividends are paid annually.
TXS shares are issued by Texas Capital Bancshares, Inc. under the brand Texas Capital. The ETF was launched on Jul 12, 2023, and its management style is Passive.
TXS expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
TXS follows the Texas Capital Texas Equity Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TXS invests in stocks.
TXS price has risen by 2.41% over the last month, and its yearly performance shows a 19.73% increase. See more dynamics on TXS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.83% over the last month, showed a 5.53% increase in three-month performance and has increased by 22.38% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.83% over the last month, showed a 5.53% increase in three-month performance and has increased by 22.38% in a year.
TXS trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.