Texas Capital Texas Equity Index ETF

Frequently Asked Questions About TXS

What does TXS invest in?

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.

What is the expense ratio of TXS?

Texas Capital Texas Equity Index ETF (TXS) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TXS?

Texas Capital Texas Equity Index ETF (TXS) manages $33.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TXS actively managed or an index fund?

TXS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TXS launched?

Texas Capital Texas Equity Index ETF (TXS) launched in July 2023 and is managed by Texas Capital.

How has TXS performed?

TXS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.