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Launched · SEC filings

Avory Foundational ETF

AVRYCboeF

$26.01+0.17 (+0.65%)

As of Oct 13, 2026, 3:40 PM

F23/ 100

Rank 119 of 127 in US Active Equity

F23/100Rank 119 of 127inUS Active Equity
Intraday session: up, 8 prints from 25.84 to 26.01. Range 25.84 to 26.03. Use the arrow keys to read each point.25.9025.9510 AM12 PM2 PM4 PM
Expense ratio
0.89%
Fund size
$71M
1Y total return
—
Yield · Last 12 months
—
Holdings
26
Avg volume · 30D
0M sh
NAV per share
$25.85
52W range
low $20.39high $26.72
Launched
Filings
SEC EDGAR

The ETF.net AVRY Grade

Based on 5 of 6 pillars

F

Score 23 out of 100

Category
US Active Equity⁠
Rank
119 of 127
Six-pillar profile for AVRY. Scores out of 100: Cost 25, Risk 4, Mission not scored, Tradability 27, Holdings 39, Durability 37. Strongest: Holdings (39). Weakest: Risk (4). Based on 5 of 6 pillars.

Score 23 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D25 out of 100
    Rank 95 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F4 out of 100
    Rank 124 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 106 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 95 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 100 of 127

Our read on AVRY

ETF.net Research

FMost "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 Oct 13, 2026
Asset class
Stocks
Holdings
26
Top-10 weight
62%
Largest holding
OKTA11.1%

Sectors

  • Technology50.1%
  • Consumer Discretionary19.7%
  • Communication11.9%
  • Financials7.4%
  • Health Care4.8%
  • Industrials4.6%
  • Utilities1.6%

Geography

  • United States95.87%
  • Israel4.13%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001OKTAOkta Inc11.09%33,713$8M260
002SQBlock Inc7.29%66,709$5M110
003ZMZoom Communications Inc6.88%49,704$5M253
004PAYCPaycom Software Inc6.14%18,693$4M191
005METAMeta Platforms Inc5.66%5,568$4M704
006AMZNAmazon.com Inc5.48%14,762$4M736
007ABNBAirbnb Inc5.15%21,958$4M405
008—First American Government Obligations Fund 12/01/20314.90%3,461,388$3M529
009OMCLOmnicell Inc4.59%90,321$3M131
010YOUClear Secure Inc4.52%73,499$3M171
011BXBlackstone Inc4.45%27,438$3M296
012FWRGFirst Watch Restaurant Group Inc3.50%225,134$2M58
013ZZillow Group Inc3.36%81,569$2M114
014CSCOCisco Systems Inc2.59%15,428$2M592
015CRMSalesforce Inc2.51%7,739$2M462

Showing 1–15 of 26 holdings

AVRY Performance

Launched Jan 21, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
AVRY$10,402
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. AVRY $10,402. SPY $10,332. Use the arrow keys to read each point.$9,368$10,070$10,773Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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+2.4%
3 months+4.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+0.6%

History from Jan 22, 2026

AVRY in the news

Filtered to AVRY · US Active Equity

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 Oct 12, 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.
1.14
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 123 US Active Equity funds charge less.

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

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