AVOS GLOBAL EQUITIES ETF

For investors who want global equity exposure that adapts, rather than simply tracking an index

Methodology

The AVOS Global Equities ETF is an actively managed investment strategy. It is designed to identify investment opportunities with attractive returns through a differentiated approach to both diversification and country level regional rotation. The AVOS approach rejects market cap weights as an optimal starting point for investors, which may give it much more regional balance than commonly used global indices. The regional rotation that comes next combines proprietary valuation assessments with views on shorter term market influences such as the macro cycle, capital flows, and fiscal and monetary policy. Implementation begins with daily, systematic updating of attractiveness scores across 40 countries, which flow to the portfolio managers for confirmation (or adjustment if there are unusual factors at play that aren’t being captured by the trading systems e.g., geopolitical factors, natural disasters)

Why Purchase AVOS Global Equities ETF?

For investors who prefer global exposure to regionally concentrated exposures, Avos Capital Management believes that market cap-weighed approaches are sub-optimal; they too often leave investors holding maximum sized positions in stocks when they are at their most expensive and minimum allocations to cheap companies after they have already fallen out of favor.

This is the opposite of what an investor would want to do if they believed that one of the most important determinants of long-term returns is how much you pay for an asset. Furthermore, the strategy underlying this ETF’s active management was designed by a team of senior investors with several decades of combined experience at the global macro hedge fund, Bridgewater Associates. Avos seek to convert what they believe is a competitive advantage across the disciplines of portfolio construction, global macro analysis, and risk management into superior long term returns for any investors wanting to allocate to global stocks.

Fund Documents

Current Nav and Market Price

Field Previous Day Close 1-Day Change ($) 1-Day Change (%)
NAV $26.76 $-0.17 -0.61%
Market Price $26.76 $-0.15 -0.57%
Premium / Discount 0%

Month-End Performance

Quarter-End Performance

Fund Ticker Type YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year Since Inception As of Date Inception Date
AVOS MKT -4.21 -0.81 8.47 6.86 09/30/2026 03/05/2026
AVOS NAV -4.18 -0.75 8.81 6.87 09/30/2026 03/05/2026

The performance data quoted represents past performance and is no guarantee of future results. 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. Current performance may be lower or higher than the performance data quoted. The Fund is new and therefore does not have a performance history for a full calendar year as most recent quarter end. 

Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. YTD is year-to-date and ITD is inception-to-date.

NAV return represents the closing price of the underlying securities.

Historical Premium/Discount

The Premium/Discount shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. 

Completed Calendar Quarters of the year

Year Quarter Days Traded at Premium Days Traded at Discount
2026 3 35 21
2026 2 33 27
2026 1 17 1

Most Recent Completed Calendar Year

Days Traded at Premium Days Traded at Discount

Fund Distribution

Ex Date Record Date Payable Date Income Short Term Capital Gain Long Term Capital Gain Total Capital Gain Total Distribution

Fund Holdings

TICKER NAME CUSIP PRICE SHARES Market Value ($mm) % OF NET ASSETS EFFECTIVE_DATE
ADBE Adobe Inc 00724F101 258.62 1,273 0.33 0.29 10/27/2026
ALL Allstate Corp/The 020002101 255.95 1,167 0.30 0.26 10/27/2026
GOOGL Alphabet Inc 02079K305 316.80 7,625 2.42 2.10 10/27/2026
MO Altria Group Inc 02209S103 73.62 5,678 0.42 0.36 10/27/2026
AMZN Amazon.com Inc 023135106 249.09 6,774 1.69 1.47 10/27/2026
BA/ LN BAE Systems PLC 20.12 3,575 0.10 0.08 10/27/2026
BATS LN British American Tobacco PLC 45.10 2,764 0.17 0.14 10/27/2026
AMT AMERICAN TOWER CORP 03027X100 188.28 1,755 0.33 0.29 10/27/2026
COR Cencora Inc 03073E105 330.00 963 0.32 0.28 10/27/2026
AMGN Amgen Inc 031162100 444.63 1,313 0.58 0.51 10/27/2026
ADI Analog Devices Inc 032654105 407.93 948 0.39 0.34 10/27/2026
AAPL Apple Inc 037833100 343.91 9,050 3.11 2.71 10/27/2026
APP AppLovin Corp 03831W108 260.74 1,076 0.28 0.24 10/27/2026
STAN LN Standard Chartered PLC 20.10 3,453 0.09 0.08 10/27/2026
HSBA LN HSBC Holdings PLC 13.65 14,721 0.27 0.23 10/27/2026
BAC Bank of America Corp 060505104 50.52 12,091 0.61 0.53 10/27/2026
BNY Bank of New York Mellon Corp/The 064058100 147.18 2,228 0.33 0.29 10/27/2026
B Barrick Mining Corp 06849F108 38.24 7,162 0.27 0.24 10/27/2026
RIO LN Rio Tinto PLC 62.43 1,329 0.11 0.10 10/27/2026
BRK/B Berkshire Hathaway Inc 084670702 548.56 2,791 1.53 1.33 10/27/2026
LLOY LN Lloyds Banking Group PLC 1.03 79,278 0.11 0.09 10/27/2026
BKNG Booking Holdings Inc 09857L108 153.14 1,915 0.29 0.26 10/27/2026
AZN LN AstraZeneca PLC 128.54 1,517 0.26 0.23 10/27/2026
BR Broadridge Financial Solutions Inc 11133T103 181.09 1,302 0.24 0.21 10/27/2026
BRO Brown & Brown Inc 115236101 71.08 3,480 0.25 0.22 10/27/2026
CBOE Cboe Global Markets Inc 12503M108 335.25 810 0.27 0.24 10/27/2026
CDW CDW Corp/DE 12514G108 163.23 1,569 0.26 0.22 10/27/2026
CME CME Group Inc 12572Q105 308.06 1,143 0.35 0.31 10/27/2026
CVS CVS Health Corp 126650100 92.53 4,335 0.40 0.35 10/27/2026
CASY Casey's General Stores Inc 147528103 703.93 355 0.25 0.22 10/27/2026
CAT Caterpillar Inc 149123101 692.13 1,296 0.90 0.78 10/27/2026
CHTR Charter Communications Inc 16119P108 102.18 2,302 0.24 0.20 10/27/2026
CTSH Cognizant Technology Solutions Corp 192446102 69.34 4,203 0.29 0.25 10/27/2026
CMCSA Comcast Corp 20030N101 22.05 12,710 0.28 0.24 10/27/2026
AEM CN Agnico Eagle Mines Ltd 246.48 1,564 0.27 0.24 10/27/2026
COP ConocoPhillips 20825C104 151.37 3,128 0.47 0.41 10/27/2026
CEG Constellation Energy Corp 21037T109 252.48 1,343 0.34 0.30 10/27/2026
DAL Delta Air Lines Inc 247361702 79.16 3,538 0.28 0.24 10/27/2026
DIS Walt Disney Co/The 254687106 110.40 3,156 0.35 0.30 10/27/2026
DASH DoorDash Inc 25809K105 168.44 1,494 0.25 0.22 10/27/2026
DOV Dover Corp 260003108 202.51 1,410 0.29 0.25 10/27/2026
EBAY eBay Inc 278642103 118.62 2,179 0.26 0.23 10/27/2026
ECHO EchoStar Corp 278768106 89.26 2,738 0.24 0.21 10/27/2026
TD CN Toronto-Dominion Bank/The 175.76 6,471 0.81 0.71 10/27/2026
EXPE Expedia Group Inc 30212P303 283.97 886 0.25 0.22 10/27/2026
EXPD Expeditors International of Washington Inc 302130109 196.43 1,418 0.28 0.24 10/27/2026
XOM ExxonMobil Holdings Corp 30233Q108 184.54 5,662 1.04 0.91 10/27/2026
FDS FactSet Research Systems Inc 303075105 323.39 770 0.25 0.22 10/27/2026
FICO Fair Isaac Corp 303250104 708.07 351 0.25 0.22 10/27/2026
FFIV F5 Inc 315616102 461.60 560 0.26 0.23 10/27/2026
FIS Fidelity National Information Services Inc 31620M106 36.87 7,725 0.28 0.25 10/27/2026
FITB Fifth Third Bancorp 316773100 53.10 5,058 0.27 0.23 10/27/2026
FGXXX First American Government Obligations Fund 12/01/2031 31846V336 100.00 271,650 0.27 0.24 10/27/2026
FTV Fortive Corp 34959J108 60.78 4,375 0.27 0.23 10/27/2026
FOXA Fox Corp 35137L105 65.33 3,897 0.25 0.22 10/27/2026
FCX Freeport-McMoRan Inc 35671D857 65.16 4,255 0.28 0.24 10/27/2026
GEHC GE HealthCare Technologies Inc 36266G107 71.98 4,053 0.29 0.25 10/27/2026
IT Gartner Inc 366651107 231.03 1,278 0.30 0.26 10/27/2026
GEV GE Vernova Inc 36828A101 854.62 803 0.69 0.60 10/27/2026
GD General Dynamics Corp 369550108 357.04 1,210 0.43 0.38 10/27/2026
GFI Gold Fields Ltd 38059T106 35.20 7,913 0.28 0.24 10/27/2026
GS Goldman Sachs Group Inc/The 38141G104 893.28 581 0.52 0.45 10/27/2026
HPQ HP Inc 40434L105 34.09 8,946 0.30 0.27 10/27/2026
HD Home Depot Inc/The 437076102 319.38 1,702 0.54 0.47 10/27/2026
HNR1 GR Hannover Rueck SE 280.80 528 0.17 0.14 10/27/2026
INTU Intuit Inc 461202103 339.89 974 0.33 0.29 10/27/2026
DHL GR DHL Group 58.54 3,416 0.22 0.19 10/27/2026
EWO ISHARES INC MSCI AUSTRIA INV 464286202 39.02 3,738 0.15 0.13 10/27/2026
EWZ iShares MSCI Brazil ETF 464286400 34.15 94,818 3.24 2.82 10/27/2026
THD iShares MSCI Thailand ETF 464286624 71.71 3,292 0.24 0.21 10/27/2026
ECH iShares MSCI Chile ETF 464286640 35.56 3,128 0.11 0.10 10/27/2026
TUR iShares MSCI Turkey ETF 464286715 30.82 9,056 0.28 0.24 10/27/2026
EWD ISHARES INC MSCI SWEDEN 464286756 50.57 34,438 1.74 1.52 10/27/2026
EWP ISHARES INC MSCI SPAIN 464286764 57.24 4,774 0.27 0.24 10/27/2026
EZA ISHARES INC MSCI SOUTH AFRICA 464286780 63.49 4,098 0.26 0.23 10/27/2026
EWN ISHARES INC MSCI NETHERLANDS 464286814 63.91 2,305 0.15 0.13 10/27/2026
EIDO iShares MSCI Indonesia ETF 46429B309 10.52 100,008 1.05 0.92 10/27/2026
EPHE iShares MSCI Philippines ETF 46429B408 22.30 5,568 0.12 0.11 10/27/2026
EDEN iShares MSCI Denmark ETF 46429B523 113.36 9,966 1.13 0.98 10/27/2026
EPOL iShares MSCI Poland ETF 46429B606 43.59 23,282 1.01 0.88 10/27/2026
MCHI iShares MSCI China ETF 46429B671 49.12 64,713 3.18 2.77 10/27/2026
EWS iShares MSCI Singapore ETF 46434G780 30.97 20,822 0.64 0.56 10/27/2026
EWM iShares MSCI Malaysia ETF 46434G814 26.59 59,059 1.57 1.37 10/27/2026
EWI iShares MSCI Italy ETF 46434G830 55.41 4,546 0.25 0.22 10/27/2026
KSA iShares MSCI Saudi Arabia ETF 46434V423 34.00 14,152 0.48 0.42 10/27/2026
MRK GR Merck KGaA 143.60 1,273 0.20 0.18 10/27/2026
JNJ Johnson & Johnson 478160104 266.30 4,371 1.16 1.01 10/27/2026
KLAC KLA CORP 482480100 149.21 2,419 0.36 0.31 10/27/2026
SAP GR SAP SE 212.25 2,505 0.59 0.52 10/27/2026
EOAN GR E.ON SE 18.47 10,355 0.21 0.19 10/27/2026
LHX L3Harris Technologies Inc 502431109 260.23 1,267 0.33 0.29 10/27/2026
BAYN GR Bayer AG 45.56 3,565 0.18 0.16 10/27/2026
BAS GR BASF SE 52.24 2,762 0.16 0.14 10/27/2026
HOT GR HOCHTIEF AG 371.00 363 0.15 0.13 10/27/2026
ALV GR Allianz SE 431.20 792 0.38 0.33 10/27/2026
LDOS Leidos Holdings Inc 525327102 139.86 2,177 0.30 0.27 10/27/2026
RHM GR Rheinmetall AG 1,034.20 157 0.18 0.16 10/27/2026
MBG GR Mercedes-Benz Group AG 41.37 4,020 0.19 0.16 10/27/2026
MSCI MSCI Inc 55354G100 617.67 482 0.30 0.26 10/27/2026
NEM GR Nemetschek SE 74.30 2,553 0.21 0.18 10/27/2026
MRSH Marsh & McLennan Cos Inc 571748102 194.72 1,656 0.32 0.28 10/27/2026
MAR Marriott International Inc/MD 571903202 394.75 805 0.32 0.28 10/27/2026
SIE GR Siemens AG 261.40 1,556 0.45 0.40 10/27/2026
DBK GR Deutsche Bank AG 28.71 6,234 0.20 0.17 10/27/2026
BMW GR Bayerische Motoren Werke AG 57.74 2,694 0.17 0.15 10/27/2026
MCK McKesson Corp 58155Q103 992.87 405 0.40 0.35 10/27/2026
DTE GR Deutsche Telekom AG 24.98 8,859 0.25 0.22 10/27/2026
SRT3 GR Sartorius AG 289.50 471 0.15 0.13 10/27/2026
MSFT Microsoft Corp 594918104 532.60 4,729 2.52 2.19 10/27/2026
FMG AU Fortescue Ltd 14.58 11,985 0.12 0.11 10/27/2026
ASX AU ASX Ltd 65.59 2,356 0.11 0.09 10/27/2026
BHP AU BHP Group Ltd 55.62 9,501 0.37 0.32 10/27/2026
CPU AU Computershare Ltd 43.10 3,943 0.12 0.10 10/27/2026
CSL AU CSL Ltd 195.14 1,270 0.17 0.15 10/27/2026
REA AU REA Group Ltd 165.91 1,048 0.12 0.11 10/27/2026
MSI Motorola Solutions Inc 620076307 485.62 602 0.29 0.25 10/27/2026
CBA AU Commonwealth Bank of Australia 163.20 3,953 0.45 0.39 10/27/2026
ALL AU Aristocrat Leisure Ltd 63.60 2,627 0.12 0.10 10/27/2026
388 HK Hong Kong Exchanges & Clearing Ltd 372.40 4,662 0.22 0.19 10/27/2026
8306 JP Mitsubishi UFJ Financial Group Inc 3,304.00 18,135 0.38 0.33 10/27/2026
NTAP NetApp Inc 64110D104 222.08 1,351 0.30 0.26 10/27/2026
NFLX Netflix Inc 64110L106 63.90 6,047 0.39 0.34 10/27/2026
6501 JP Hitachi Ltd 5,533.00 9,192 0.32 0.28 10/27/2026
NEM Newmont Corp 651639106 110.39 2,502 0.28 0.24 10/27/2026
NWS News Corp 65249B208 33.47 7,323 0.25 0.21 10/27/2026
NEE NextEra Energy Inc 65339F101 82.04 6,088 0.50 0.43 10/27/2026
SUN AU Suncorp Group Ltd 20.00 8,367 0.12 0.10 10/27/2026
8411 JP Mizuho Financial Group Inc 7,429.00 4,552 0.21 0.19 10/27/2026
8058 JP Mitsubishi Corp 4,910.00 7,035 0.22 0.19 10/27/2026
NAB AU National Australia Bank Ltd 41.00 9,331 0.27 0.23 10/27/2026
NST AU Northern Star Resources Ltd 24.83 16,883 0.29 0.26 10/27/2026
SOL AU Washington H Soul Pattinson & Co Ltd 45.94 3,256 0.10 0.09 10/27/2026
ORCL Oracle Corp 68389X105 126.06 3,851 0.49 0.42 10/27/2026
8035 JT Tokyo Electron Ltd 9,110.00 4,200 0.24 0.21 10/27/2026
7203 JP Toyota Motor Corp 3,117.00 20,778 0.41 0.36 10/27/2026
PTC PTC Inc 69370C100 194.25 1,443 0.28 0.24 10/27/2026
WES AU Wesfarmers Ltd 79.03 2,925 0.16 0.14 10/27/2026
WOW AU Woolworths Group Ltd 40.88 4,395 0.13 0.11 10/27/2026
PH Parker-Hannifin Corp 701094104 904.43 501 0.45 0.39 10/27/2026
DB1 GR Deutsche Boerse AG 314.30 606 0.21 0.19 10/27/2026
NOVN SW Novartis AG 127.48 1,897 0.29 0.25 10/27/2026
ABBN SW ABB Ltd 69.68 1,488 0.13 0.11 10/27/2026
PEP PepsiCo Inc 713448108 135.46 3,700 0.50 0.44 10/27/2026
PM Philip Morris International Inc 718172109 201.87 3,434 0.69 0.60 10/27/2026
QCOM QUALCOMM Inc 747525103 179.60 2,094 0.38 0.33 10/27/2026
O Realty Income Corp 756109104 57.16 5,025 0.29 0.25 10/27/2026
RMD ResMed Inc 761152107 253.20 1,184 0.30 0.26 10/27/2026
ROP Roper Technologies Inc 776696106 441.65 734 0.32 0.28 10/27/2026
ROST Ross Stores Inc 778296103 234.11 1,276 0.30 0.26 10/27/2026
SBAC SBA Communications Corp 78410G104 185.92 1,315 0.24 0.21 10/27/2026
SNDK Sandisk Corp 80004C200 1,255.58 278 0.35 0.30 10/27/2026
SO Southern Co/The 842587107 92.57 4,115 0.38 0.33 10/27/2026
SYK Stryker Corp 863667101 306.13 1,374 0.42 0.37 10/27/2026
TGT Target Corp 87612E106 148.53 1,885 0.28 0.24 10/27/2026
TDY Teledyne Technologies Inc 879360105 645.47 446 0.29 0.25 10/27/2026
TER Teradyne Inc 880770102 309.00 871 0.27 0.23 10/27/2026
TYL Tyler Technologies Inc 902252105 386.38 749 0.29 0.25 10/27/2026
UNH UnitedHealth Group Inc 91324P102 410.70 1,851 0.76 0.66 10/27/2026
VLO Valero Energy Corp 91913Y100 426.76 929 0.40 0.35 10/27/2026
VEA VANGUARD FTSE DEVELOPED ETF 921943858 69.33 261,469 18.13 15.78 10/27/2026
VWO Vanguard FTSE Emerging Markets ETF 922042858 56.50 277,417 15.67 13.65 10/27/2026
VZ Verizon Communications Inc 92343V104 43.10 7,781 0.34 0.29 10/27/2026
VTRS Viatris Inc 92556V106 18.29 14,426 0.26 0.23 10/27/2026
VICI VICI Properties Inc 925652109 24.02 10,535 0.25 0.22 10/27/2026
V Visa Inc 92826C839 404.16 2,621 1.06 0.92 10/27/2026
VYLR Vylor Inc 92892R108 73.94 4,115 0.30 0.26 10/27/2026
WMT Walmart Inc 931142103 120.29 9,779 1.18 1.02 10/27/2026
WMB Williams Cos Inc/The 969457100 71.75 4,978 0.36 0.31 10/27/2026
GMG AU Goodman Group 25.92 8,780 0.16 0.14 10/27/2026
K CN Kinross Gold Corp 31.41 12,305 0.28 0.24 10/27/2026
MTX GR MTU Aero Engines AG 327.00 357 0.13 0.11 10/27/2026
LSEG LN London Stock Exchange Group PLC 93.40 811 0.10 0.09 10/27/2026
PLS AU PLS Group Ltd 2.84 45,394 0.09 0.08 10/27/2026
MQG AU Macquarie Group Ltd 246.56 1,206 0.21 0.18 10/27/2026
REL LN RELX PLC 29.98 2,675 0.11 0.09 10/27/2026
EVN AU Evolution Mining Ltd 11.57 12,136 0.10 0.09 10/27/2026
1299 HK AIA Group Ltd 70.85 33,933 0.31 0.27 10/27/2026
RR/ LN Rolls-Royce Holdings PLC 12.35 7,855 0.13 0.11 10/27/2026
VNA GR VONOVIA SE 16.58 7,526 0.14 0.12 10/27/2026
CFR SW Cie Financiere Richemont SA 163.10 600 0.12 0.10 10/27/2026
CPG LN Compass Group PLC 34.19 4,178 0.14 0.12 10/27/2026
NG/ LN National Grid PLC 12.23 5,750 0.09 0.08 10/27/2026
TSCO LN Tesco PLC 5.34 11,300 0.08 0.07 10/27/2026
WDS AU Woodside Energy Group Ltd 33.09 8,849 0.21 0.18 10/27/2026
SHEL LN Shell PLC 40.00 8,648 0.46 0.40 10/27/2026
6098 JT Recruit Holdings Co Ltd 19,055.00 2,645 0.32 0.28 10/27/2026
UBSG SW UBS Group AG 38.58 3,683 0.17 0.15 10/27/2026
MPL AU Medibank Pvt Ltd 5.05 31,304 0.11 0.10 10/27/2026
RKT LN Reckitt Benckiser Group PLC 54.84 1,376 0.10 0.09 10/27/2026
LUG CN Lundin Gold Inc 84.91 4,563 0.28 0.24 10/27/2026
ROP SW Roche Holding AG 396.50 714 0.34 0.30 10/27/2026
S32 AU South32 Ltd 4.26 34,008 0.10 0.09 10/27/2026
COL AU Coles Group Ltd 24.18 6,170 0.10 0.09 10/27/2026
AGI CN Alamos Gold Inc 42.35 9,241 0.28 0.24 10/27/2026
CAD CANADIAN DOLLAR 1.00 274 0.00 0.00 10/27/2026
CHF SWISS FRANC 1.00 32,253 0.04 0.03 10/27/2026
Cash&Other Cash & Other 1.00 26,906 0.03 0.02 10/27/2026
AU Anglogold Ashanti Plc G0378L100 85.07 3,191 0.27 0.24 10/27/2026
ACGL Arch Capital Group Ltd G0450A105 102.34 2,542 0.26 0.23 10/27/2026
ACN Accenture PLC G1151C101 247.23 1,453 0.36 0.31 10/27/2026
LIN Linde PLC G54950103 507.56 863 0.44 0.38 10/27/2026
MDT Medtronic PLC G5960L103 94.79 4,373 0.41 0.36 10/27/2026
GRMN Garmin Ltd H2906T109 292.92 1,159 0.34 0.30 10/27/2026
NXPI NXP Semiconductors NV N6596X109 245.83 1,256 0.31 0.27 10/27/2026

Fund holdings are subject to change and are not recommendations to buy or sell any security.