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EBI

GradeANASDAQ Global Select

Longview Advantage ETF

Active Equity · Longview · Inception 2025-02-26 · SEC filings

$66.33−0.37 (−0.55%)

As of Sep 23, 2026, 2:12 PM EDT

History starts Feb 28, 2025.
Intraday session: down, 14 prints from 66.70 to 66.33. Range 66.24 to 66.72. Use the arrow keys to read each point.$66.20$66.40$66.6010 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$688M
1Y return
+23.1%
Yield · Last 12 months
1.09%
Volume · 30D
0M sh
NAV per share
$66.50
52W range
low $53.16high $68.15

The ETF.net EBI Grade

A

76/ 100

Rank 9 of 127 in US Active Equity⁠

Confidence High

Six-pillar profile for EBI. Scores out of 100: Cost 81, Risk 81, Mission 71, Tradability 59, Holdings 89, Durability 66. Strongest: Holdings (89). Weakest: Tradability (59). Leans toward Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 76 of 100 sits in the A 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.
    AScore 81
    Category rank25/127 · top 20%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 71
    Category rank32/48 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 81
    Category rank9/126 · top 7%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank44/127 · top 35%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 89
    Category rank4/124 · top 3%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank44/127 · top 35%

Graded as of Sep 22, 2026

Our read on EBI

ETF.net Research

AAn evidence-based US stock fund built on the idea that staying small is the edge: valuation timing, a momentum tilt, and no index to hug, priced closer to a plain index fund than to the usual active manager.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed investment approach.

Why people hold it

  1. 01Costs 0.25% a year, a fraction of what the typical actively managed US equity ETF charges. Fees are the one input a fund controls outright.
  2. 02Run by a former DFA portfolio manager. The firm's stated case: a smaller book can trade value and momentum names without pushing prices against itself.longviewresearchpartners.comlongviewresearchpartners.com
  3. 03Launched through a 351 conversion, letting holders of concentrated low-basis stock swap into a diversified portfolio without triggering a tax bill at the door.longviewresearchpartners.com
  4. 04Core-shaped mandate: US common stocks across sectors and sizes, with futures and other derivatives available for equity exposure. Not a thematic sleeve.

Worth knowing

  1. 01Trades lightly next to giant index peers, so limit orders and avoiding the first and last minutes of the session matter more here.
  2. 02Cheaper core options sit in the same peer group, including DFAU at 0.12% and AVLC at 0.15%.
  3. 03Unconstrained and active means the portfolio can look and behave differently from the broad market in either direction, and it leans on one manager's process.longviewresearchpartners.com

EBI Holdings

As of Sep 20, 2026, 8:42 AM
Asset class
Stocks
Holdings
—
Top-10 weight
27%
Largest holding
AAPL5.3%

Geography

  • United States97.07%
  • Bermuda1.13%
  • Ireland1.04%
  • United Kingdom0.47%
  • Switzerland0.15%
  • Monaco0.07%
  • Puerto Rico0.05%
  • Netherlands0.01%
  • Other countries (1)0.01%
The fund’s holdings, weight-ordered — page 1 of 117.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLApple Inc5.26%108,059$36M707
002NVDANVIDIA Corp5.01%156,901$34M828
003MSFTMicrosoft Corp4.73%65,801$32M792
004MUMicron Technology Inc2.90%20,134$20M655
005GOOGLAlphabet Inc2.41%47,450$17M704
006AMZNAmazon.com Inc1.82%49,372$12M720
007AVGOBroadcom Inc1.66%32,026$11M732
008METAMeta Platforms Inc1.33%13,566$9M683
009NEMNewmont Corp0.99%55,136$7M428
010MPCMarathon Petroleum Corp0.96%15,370$7M391
011JPMJPMORGAN CHASE & CO.0.95%18,820$7M478
012COPConocoPhillips0.94%48,873$6M425
013VZVerizon Communications Inc0.93%132,436$6M441
014BRK-BBerkshire Hathaway Inc0.85%11,560$6M359
015GOOGAlphabet Inc0.82%16,225$6M471

Showing 1–15 of 1749 holdings

EBI Performance

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

EBI$12,310
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EBI $12,310. SPY $11,723. Use the arrow keys to read each point.$9,288$11,052$12,816Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 EBI. Periods over one year show the average yearly return.
PeriodEBI
Year to date+18.6%
1 month−1.3%
3 months+3.3%
1 year+23.1%
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 EBI
YearReturn barEBI
2026 YTD+18.6%
2025+14.4%

History from Feb 28, 2025

EBI in the news

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

EBI 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.
1.09%Last 12 months
Payout per share
$0.73Last 12 months
Last payment
$0.37 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Jun 26, 2025 $0.24; Dec 30, 2025 $0.36; Jun 29, 2026 $0.37. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.37
Dec 30, 2025Dec 31, 2025$0.36
Jun 26, 2025Jun 27, 2025$0.24

EBI Risk

How much the fund’s monthly returns vary, scaled to a year.
11.6%
Annualised · 18 months to Aug 2026
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.
1.52
vs 3-month T-bills · 18 months to Aug 2026
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.
−17.1%
18 months · trough Apr 2025
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.
0.79
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.

EBI Cost

Expense ratio0.34%
  • The middle half of US Active Equity funds
  • Median 0.70%

23 of the 124 US Active Equity funds charge less.

EBI costs $34.00 a year on $10,000. The median US Active Equity fund costs $70.00.