Key stats
About Texas Capital Texas Small Cap Equity Index ETF
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Inception date
Dec 21, 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
US88224A4094
TXSS provides targeted exposure to the Texas small-cap equity space. 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. The portfolio construction starts with an initial universe of companies from Texas that are listed on the NYSE and/or NASDAQ and have smaller market capitalizations than the 800th largest company in the index universe. Eligible securities that meet the funds minimum market-cap and liquidity requirements are selected for inclusion. Component sectors in the index are weighted based on their industry contributions to Texas GDP, as reported for the private sector, by the US Bureau of Economic Analysis. Companies within each sector are then weighted by market-cap, with a minimum cap of 0.05% and a maximum cap of 10% per constituent. The index reconstitutes and rebalances quarterly.
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
Stocks99.69%
Finance21.63%
Industrial Services10.76%
Distribution Services7.83%
Retail Trade7.37%
Energy Minerals6.77%
Consumer Services6.38%
Health Services6.00%
Process Industries5.54%
Commercial Services5.53%
Technology Services5.41%
Utilities2.83%
Producer Manufacturing2.50%
Non-Energy Minerals2.25%
Consumer Durables2.20%
Electronic Technology2.17%
Health Technology1.57%
Communications1.34%
Transportation0.77%
Consumer Non-Durables0.71%
Miscellaneous0.14%
Bonds, Cash & Other0.31%
Mutual fund0.31%
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
TXSS invests in stocks. The fund's major sectors are Finance, with 21.63% stocks, and Industrial Services, with 10.76% of the basket. The assets are mostly located in the North America region.
TXSS top holdings are Howard Hughes Holdings Inc. and Group 1 Automotive, Inc., occupying 7.82% and 2.91% of the portfolio correspondingly.
TXSS assets under management is 10.80 M USD. It's risen 5.73% over the last month.
TXSS fund flows account for −2.96 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, TXSS pays dividends to its holders with the dividend yield of 0.46%. The last dividend (Dec 31, 2024) amounted to 0.13 USD. The dividends are paid annually.
TXSS shares are issued by Texas Capital Bancshares, Inc. under the brand Texas Capital. The ETF was launched on Dec 21, 2023, and its management style is Passive.
TXSS expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
TXSS follows the Texas Capital Texas Small Cap Equity Index - USD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TXSS invests in stocks.
TXSS price has risen by 4.44% over the last month, and its yearly performance shows a 3.13% increase. See more dynamics on TXSS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.58% over the last month, showed a 13.45% increase in three-month performance and has increased by 4.91% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.58% over the last month, showed a 13.45% increase in three-month performance and has increased by 4.91% in a year.
TXSS trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.