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TXS: Investing in Texas Just Got Easier

The Texas Capital Texas Equity Index ETF is a diversified equity holding that seeks to capitalize on the macroeconomic trends of companies located in Texas' favorable business climate.

TXS: Investing in Texas Just Got Easier

The Texas Capital Texas Equity Index ETF is a diversified equity holding that seeks to capitalize on the macroeconomic trends of companies located in Texas' favorable business climate.

TXS: Diversification and Opportunity

Ed Rosenberg, Head of ETF & Funds Management, shares the why, what and how of our flagship ETF, the Texas Capital Texas Equity Index ETF.

TXS: Diversification and Opportunity

Ed Rosenberg, Head of ETF & Funds Management, shares the why, what and how of our flagship ETF, the Texas Capital Texas Equity Index ETF.

Houston Building

TXS: Investing in Texas just got easier.

The Texas Equity Index ETF is a diversified equity holding that seeks to capitalize on the macroeconomic trends of companies located in Texas’s favorable business climate.

TXS: Diversification and opportunity

Ed Rosenberg, Head of ETF and Funds Management, shares the why, what and how of our flagship ETF, the Texas Capital Texas Equity Index ETF.

    Fund Details

    iNCEPTION dATEEXCHANGETICKERcUSIPtYPEeXPENSE RATIOBENCHMARK
    July 12, 2023

    NYSE Arca

    TXS

    88224A102

    US EQUITY | PASSIVE ETF

    0.49%

    Syntax Midcap 800

     

    INTRADAY NAV TICKER Fund Net Assets Shares outstanding Distribution Yield1 30 Day SEC Yield2

    TXS.IV

    <etf_totalNetAssets>

    <etf_sharesOutstanding> <etf_analytic_distributionrate> <etf_analytic_thirtydaysecyield>
    INTRADAY NAV TICKER Fund Net Assets Shares outstanding Distribution Yield1 30 Day SEC Yield2

    TXS.IV

    <etf_totalNetAssets>

    <etf_sharesOutstanding> <etf_analytic_distributionrate> <etf_analytic_thirtydaysecyield>

    1The ratio of all the distributions a fund paid in the past 12 months divided by the current share price of the fund.

    2A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund's expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.

    Fund Objective

    The Texas Capital Texas Equity Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Texas Capital Texas Equity Index. The Texas Capital Texas Equity Index is comprised of publicly listed companies headquartered in the state of Texas. The index is designed to reflect the performance of a diversified group of companies having a material impact on the Texas economy. The Index is a rules-based, quantitative strategy that seeks to generate long-term total returns.

    Fund Rationale

    We believe companies headquartered in Texas are situated to enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. The strong business environment in the state of Texas is demonstrated by, among other things, its infrastructure spending and resources, relatively low cost of conducting business, export data, and third-party rankings and recognitions. In addition, the Texas economy is large and diverse. By seeking to replicate the Index, the fund offers a cost-effective opportunity to invest directly in companies that benefit from the superior economic environment in Texas.

    Macroeconomic Trends. Captures and capitalizes on the macroeconomic trends of companies located in Texas’ favorable business climate

    Industry Diversification. Investment weighting determined by GDP-based sector weights and market capitalization-based company weights

    Core Holding.
    Enables investors to gain exposure to one of the world’s largest economies by GDP 

    Fund Rationale

    We believe companies headquartered in Texas are situated to enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. The strong business environment in the state of Texas is demonstrated by, among other things, its infrastructure spending and resources, relatively low cost of conducting business, export data, and third-party rankings and recognitions. In addition, the Texas economy is large and diverse. By seeking to replicate the Index, the fund offers a cost-effective opportunity to invest directly in companies that benefit from the superior economic environment in Texas.

    Macroeconomic Trends. Captures and capitalizes on the macroeconomic trends of companies located in Texas’s favorable business climate

    Industry Diversification. Investment weighting determined by GDP-based sector weights and market capitalization-based company weights

    Core Holding. Enables investors to gain exposure to one of the world’s largest economies by GDP 

    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 844.822.3837.

    Daily Statistics

    Navclosing pricepremium/discount30-day median bid/ask spread
    <etf_naV_NoLoad/>

    <etf_marketPrice/>

    <etf_premiumDiscount/>

    bps

     

    Historical Premium/Discount

    Term YTD Q1 2023 Q2 2023 Q3 2023 Q4 2023
    Days at premium

    <etf_2023_daysatpremium>

    <etf_2023q1_daysatpremium> <etf_2023q2_daysatpremium> <etf_2023q3_daysatpremium> <etf_2023q4_daysatpremium>
    Days at discount <etf_2023_daysatdiscount> <etf_2023q1_daysatdiscount> <etf_2023q2_daysatdiscount> <etf_2023q3_daysatdiscount> <etf_2023q4_daysatdiscount>

    1The ratio of all the distributions a fund paid in the past 12 months divided by the current share price of the fund.

    2A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund's expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.

    Performance

    Performance as of <etf_performDate></etf_performDate> (%)
    Term1 Day1 Mo.3 Mo6 Mo1 Yr.QTD (Current)YTDSince Inception
    NAV<etf_oneDay_NoLoad></etf_oneDay_NoLoad><etf_oneMonth_NoLoad></etf_oneMonth_NoLoad><etf_threeMonth_NoLoad></etf_threeMonth_NoLoad><etf_sixMonth_NoLoad></etf_sixMonth_NoLoad><etf_oneYear_NoLoad></etf_oneYear_NoLoad><etf_quarterEndToDate_NoLoad></etf_quarterEndToDate_NoLoad><etf_yearToDate_NoLoad></etf_yearToDate_NoLoad><etf_sinceInception_NoLoad></etf_sinceInception_NoLoad>
    Closing Market Price<etf_marketOneDay></etf_marketOneDay><etf_marketOneMonth></etf_marketOneMonth><etf_marketThreeMonth></etf_marketThreeMonth><etf_marketSixMonth></etf_marketSixMonth><etf_market_Year></etf_market_Year><etf_marketQuarterEndToDate></etf_marketQuarterEndToDate><etf_marketYearToDate></etf_marketYearToDate><etf_marketinception></etf_marketinception>
    Texas Capital Texas Equity Index 
    (Underlying Index)
    <etf_oneDay_SYTXSXG></etf_oneDay_SYTXSXG><etf_oneMonth_SYTXSXG></etf_oneMonth_SYTXSXG><etf_threeMonth_SYTXSXG></etf_threeMonth_SYTXSXG><etf_sixMonth_SYTXSXG></etf_sixMonth_SYTXSXG><etf_oneYear_SYTXSXG></etf_oneYear_SYTXSXG><etf_quarterEndToDate_SYTXSXG></etf_quarterEndToDate_SYTXSXG><etf_yearToDate_SYTXSXG></etf_yearToDate_SYTXSXG><etf_sinceInception_Ann_SYTXSXG/></etf_sinceInception_Ann_SYTXSXG>
    Syntax Midcap 800<etf_oneDay_SY800G></etf_oneDay_SY800G><etf_oneMonth_SY800G></etf_oneMonth_SY800G><etf_threeMonth_SY800G></etf_threeMonth_SY800G><etf_sixMonth_SY800G></etf_sixMonth_SY800G><etf_oneYear_SY800G></etf_oneYear_SY800G><etf_quarterEndToDate_SY800G></etf_quarterEndToDate_SY800G><etf_yearToDate_SY800G></etf_yearToDate_SY800G><etf_sinceInception_Ann_SY800G></etf_sinceInception_Ann_SY800G>

     

    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. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 844.822.3837.

    The Syntax US MidCap 800 Index (SY800) measures the float-adjusted market capitalization-weighted performance of the 201st- through 1000th-largest and sufficiently liquid publicly traded entities in the United States as defined according to Syntax’s proprietary country classification methodology, which considers regulatory filings, currencies of accounting and distribution, and use of tax havens.

    Quarter-End Performance as of December 29, 2023 (%)
    TermQTR1 Yr.Since Inception
    NAV10.74 6.18
    Closing Market Price10.28 6.14
    Texas Capital Texas
    Equity Index (Underlying Index)
    10.8519.026.43
    syntax midcap 80012.6016.334.91

    Fund Management

    Investment Adviser: Texas Capital Bank Private Wealth Advisors
    Administrator and Fund Accountant: Ultimus Fund Solutions, LLC.
    Distributor: Northern Lights Distributors, LLC

    Portfolio Manager: J. Steven Orr, Chief Investment Officer
    Mr. Orr is responsible for the strategy, construction, and performance of client portfolios and trusts. With over 30 years of portfolio management experience, Steven joined Texas Capital Bank in 2013 from Communities Foundation of Texas, where he had managed investments and helped raise the Foundation’s performance to among the highest in their peer groups of universities and foundations. Prior to his work at Communities Foundation, he successfully ran insurance and arbitrage portfolios for Associates First Capital totaling $4 billion, as well as mutual fund bond and insurance and portfolios at Caterpillar, Inc. Steven earned his Bachelor of Arts in Economics and a minor and Math from the University of Texas at Austin, a Master in Business from Texas State, and a Juris Doctorate from St. Mary’s School of Law. He is an attorney and a CFA® and CMT® Charter holder.


    Top 10 Holdings

    Portfolio Holdings as of <etf_performDate/>
    descriptionIndustrySharesPortfolio Weight (%)
    <etf_securityDescription_1/><ETF_industry_1/><ETF_sharesHeldOfSecurity_1/>
     
    <ETF_netAssetsPercentage_1/>
    <ETF_SECURITYDESCRIPTION_2/><ETF_industry_2/><ETF_sharesHeldOfSecurity_2/><ETF_netAssetsPercentage_2/>
    <ETF_SECURITYDESCRIPTION_3/><ETF_industry_3/><ETF_sharesHeldOfSecurity_3/><ETF_netAssetsPercentage_3/>
    <ETF_SECURITYDESCRIPTION_4/><ETF_industry_4/><ETF_sharesHeldOfSecurity_4/><ETF_netAssetsPercentage_4/>
    <ETF_SECURITYDESCRIPTION_5/><ETF_industry_5/><ETF_sharesHeldOfSecurity_5/><ETF_netAssetsPercentage_5/>
    <ETF_SECURITYDESCRIPTION_6/><ETF_industry_6/><ETF_sharesHeldOfSecurity_6/><ETF_netAssetsPercentage_6/>
    <ETF_SECURITYDESCRIPTION_7/><ETF_industry_7/><ETF_sharesHeldOfSecurity_7/><ETF_netAssetsPercentage_7/>
    <ETF_SECURITYDESCRIPTION_8/><ETF_industry_8/><ETF_sharesHeldOfSecurity_8/><ETF_netAssetsPercentage_8/>
    <ETF_SECURITYDESCRIPTION_9/><ETF_industry_9/><ETF_sharesHeldOfSecurity_9/><ETF_netAssetsPercentage_9/>
    <ETF_SECURITYDESCRIPTION_10/><ETF_industry_10/><ETF_sharesHeldOfSecurity_10/><ETF_netAssetsPercentage_10/>

     

    Download Full Holdings

    Sector Weights

    as of December 29, 2023

    sector weight comparison pie graphs & table

    Source: Syntax and Refinitiv as of December 29, 2023. Index powered using Refinitiv data.


    The Syntax US MidCap 800 Index is the property of Syntax LLC, which calculates and maintains the Index. Syntax® is a registered trademark of Syntax LLC and/or its affiliate. The Texas Capital Texas Equity Index is the property of Texas Capital Bank, which has contracted with Syntax LLC to calculate and maintain the Index. Syntax, Refinitiv, and their affiliates and data providers did not participate in the creation, marketing or distribution of the ETF and have no liability in connection with the ETF nor the information provided herein.

    Texas Capital Texas Equity Index

    Sector Weights as of 9.29.2023

     SectorWeight
     
    Energy21.22%
     
    Consumer Discretionary20.32%
     
    Industrials13.08%
     
    Real Estate12.39%
     
    Information Technology8.95%
     
    Healthcare10.52% 
     
    Financials6.48%
     
    Consumer Staples2.89%
     
    Communication Services1.81%
     
    Utilities1.87%
     
    Materials0.47%

     

    Syntax Midcap 800

    Sector Weights as of 9.29.2023

     SectorWeight
     
    Energy5.24%
     
    Consumer Discretionary11.15%
     
    Industrials15.47%
     
    Real Estate6.82%
     
    Information Technology14.55%
     
    Healthcare11.69%
     
    Financials14.56%
     
    Consumer Staples4.84% 
     
    Communication Services3.33%
     
    Utilities5.73%
     
    Materials6.61%

     

    Investors should carefully consider the investment objectives, risks, and charges of the fund before investing. The prospectus contains this information and other information about the fund, and it should be read carefully before investing. Investors can obtain a copy of the prospectus by calling 844.TCB.ETFS (844.822.3837).

    This website should not be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing on this website is intended to be investment, tax, financial or legal advice. 

    Not a Deposit. Not FDIC Insured. Not Guaranteed by the Bank May Lose Value Not Insured by any Federal Government Agency. 

    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. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 844.TCB.ETFS (844.822.3837). 

    There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund. 

    Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas Capital Bank Private Wealth Advisors (“PWA”), a wholly owned subsidiary of Texas Capital Bank and an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), serves as investment adviser to the Texas Equity Index ETF and is paid a fee for its services. Shares of the Texas Equity Index ETF are not deposits or obligations of, or guaranteed or endorsed by, Texas Capital Bank or its affiliates. The Texas Equity Index ETF is not insured by the FDIC or any other government agency. 

    Past performance is no guarantee of future results. All performance presented prior to the index inception date is back-tested performance. Back-tested performance is not actual performance, but is hypothetical. The inception date of the Syntax US MidCap 800 Index is 13 May 2023. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. However, back-tested data may reflect the application of the index methodology with the benefit of hindsight. No theoretical or back-tested approach can account for all market factors and the impact of decisions that might have been made during the actual operation of an index. Actual returns may differ from, and be lower than, back-tested returns, which are not necessarily predictive of future returns. Charts and graphs are provided for illustrative purposes only.

    The Syntax US MidCap 800 Index is the property of Syntax LLC, which calculates and maintains the Index. Syntax® is a registered trademark of Syntax, LLC and/or its affiliate. 

    Index performance does not represent actual fund or portfolio performance and such performance does not reflect the actual investment experience of any investor. An investor cannot invest directly in an index. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with an investment in a portfolio invested in accordance with an index. None of the Syntax Indices or the benchmark indices portrayed herein charge management fees or incur brokerage expenses, and no such fees or expenses were deducted from the performance shown; provided, however, that the returns of any investment portfolio invested in accordance with such indices would be net of such fees and expenses. Additionally, none of these indices lend securities, and no revenues from securities lending were added to the performance shown. Performance shown is unaudited and subject to revision. This site may include materials and documents containing forward-looking statements which are based on our expectations and projections as of the date made. Past returns are not necessarily predictive of future returns.
     

    The Texas Equity Index ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC, which is not affiliated with Texas Capital Bank Private Wealth Advisors.