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AVRY

GradeDChicago Board Options Exchange

Avory Foundational ETF

Active Equity · Avory · Inception 2026-01-21 · SEC filings

$25.14−0.18 (−0.71%)

As of Sep 23, 2026, 12:45 PM EDT

History starts Jan 22, 2026.History starts Jan 22, 2026.
Intraday session: down, 7 prints from 25.32 to 25.14. Range 24.95 to 25.28. Use the arrow keys to read each point.$25.00$25.20$25.3010 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$68M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$25.39
52W range
low $20.39high $26.72

The ETF.net AVRY Grade

D

25/ 100

Rank 114 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for AVRY. Scores out of 100: Cost 24, Risk 5, Mission not scored, Tradability 42, Holdings 32, Durability 38. Strongest: Tradability (42). Weakest: Risk (5). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 25 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 24
    Category rank96/127 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 5
    Category rank124/126 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank79/127 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 32
    Category rank107/124 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 38
    Category rank102/127 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AVRY

ETF.net Research

DMost "core" equity funds own hundreds of stocks. AVRY owns a couple dozen, chosen without a benchmark or a cash rule by a Miami boutique that runs concentrated portfolios. Core in intent, high-conviction in construction.

Stated mandate

The Fund aims for long-term capital appreciation.

Why people hold it

  1. 01Genuinely active, not index-shaped: the manager targets roughly 20 to 30 companies, with no benchmark to hug and no cash constraint, and publishes holdings daily.finance.yahoo.com
  2. 02Non-diversified on purpose. It concentrates in US-listed companies above $500 million in market value, with room for ADRs and foreign names when the case is there.sec.gov
  3. 03Runs on EA Series Trust (ETF Architect), the white-label platform that gives a boutique stock-picker institutional custody, compliance and creation plumbing.sec.gov
  4. 04The mandate is long-term capital appreciation, so the payoff is meant to come from share prices rather than a distribution stream.

Worth knowing

  1. 01Costs 0.89% a year, above the 0.65% median for active US equity funds and multiples of what the top-graded names in the group charge (DFAU 0.12%, AVLC 0.15%, DFAC 0.17%).
  2. 02Launched in 2026 under a single named manager, so there is no long live track record, and the fund is still small and lightly traded.aaii.com
  3. 03Concentration cuts both ways: with a couple dozen positions and no index guardrails, one company's move moves the fund far more than in a broad core product.finance.yahoo.comsec.gov

AVRY Holdings

As of Sep 20, 2026, 10:16 AM
Asset class
Stocks
Holdings
—
Top-10 weight
60%
Largest holding
OKTA9.1%

Sectors

  • Technology47.1%
  • Consumer Discr.20.0%
  • Communication10.2%
  • Industrials9.1%
  • Financials7.6%
  • Health Care4.4%
  • Utilities1.5%

Geography

  • United States95.62%
  • Israel4.38%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001OKTAOkta Inc9.09%32,975$6M245
002SQBlock Inc7.53%65,245$5M165
003ZMZoom Communications Inc6.53%48,612$4M251
004PAYCPaycom Software Inc6.26%18,285$4M184
005AMZNAmazon.com Inc5.53%14,438$4M720
006METAMeta Platforms Inc5.47%5,448$4M683
007ABNBAirbnb Inc5.40%21,478$4M405
008—First American Government Obligations Fund 12/01/20315.10%3,374,234$3M625
009BXBlackstone Inc5.07%26,838$3M299
010OMCLOmnicell Inc4.31%88,335$3M132
011YOUClear Secure Inc4.14%71,885$3M178
012ZZillow Group Inc3.60%79,775$2M116
013FWRGFirst Watch Restaurant Group Inc3.39%220,184$2M60
014CRMSalesforce Inc2.72%7,571$2M457
015SBUXStarbucks Corp2.72%18,743$2M353

Showing 1–15 of 26 holdings

AVRY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AVRY$11,066
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. AVRY $11,066. SPY $10,415. Use the arrow keys to read each point.$9,649$10,692$11,735Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AVRY. Periods over one year show the average yearly return.
PeriodAVRY
Year to dateFund launched this year—
1 month−1.3%
3 months+10.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AVRY
YearReturn barAVRY
2026 YTD−1.4%

History from Jan 22, 2026

AVRY in the news

ETF.net Research hasn’t filed on AVRY yet — coverage lands here as it’s written.

AVRY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

AVRY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.08
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AVRY Cost

Expense ratio0.89%
  • The middle half of US Active Equity funds
  • Median 0.70%

92 of the 124 US Active Equity funds charge less.

AVRY costs $89.00 a year on $10,000. The median US Active Equity fund costs $70.00.