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FCUS

GradeDNew York Stock Exchange Arca

Pinnacle Focused Opportunities ETF

Active Equity · Pinnacle · Inception 2022-12-28

$41.98−0.13 (−0.31%)

As of Sep 23, 2026, 3:02 PM EDT

History starts Dec 30, 2022.
Intraday session: down, 44 prints from 42.11 to 41.98. Range 41.77 to 42.28. Use the arrow keys to read each point.$41.80$42.2010 AM12 PM2 PM4 PM
Expense ratio
0.81%
Fund size
$89M
1Y return
+35.8%
Yield · Last 12 months
3.23%
Volume · 30D
0M sh
NAV per share
$40.25
52W range
low $28.33high $47.49

The ETF.net FCUS Grade

D

38/ 100

Rank 91 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for FCUS. Scores out of 100: Cost 31, Risk 13, Mission not scored, Tradability 67, Holdings 54, Durability 47. Strongest: Tradability (67). Weakest: Risk (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 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.
    DScore 31
    Category rank88/127 · mid-pack

  • 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 13
    Category rank119/126 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank33/127 · top 26%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 54
    Category rank69/124 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 47
    Category rank78/127 · mid-pack

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

Our read on FCUS

ETF.net Research

DA concentrated bet on one manager's best US stock ideas, with a prospectus-backed escape hatch into Treasuries and cash when the manager wants cover. You pay stock-picker prices for conviction rather than index-hugging.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Runs focused: an active manager's chosen US names rather than a whole-market basket, so stock selection is the product, not the packaging.
  2. 02Built-in defense. The mandate allows Treasuries, cash and bond index ETFs for defensive positioning, a lever fully invested index funds don't pull.
  3. 03Trading since late 2022, so there is a real-money record in real markets behind it rather than a backtest.

Worth knowing

  1. 01Priced like a stock picker: 0.81% a year, against 0.12% for DFAU and 0.15% for AVLC, two of the top-ranked funds in the same peer group.
  2. 02Small and thinly traded, so spreads tend to be wider than in the category's heavyweights and larger orders can push the price around.
  3. 03Focus cuts both ways: fewer names means one stumble lands harder. On our review it sits in the lower half of its active US equity peer group.

FCUS Holdings

As of Sep 20, 2026, 10:14 AM
Asset class
Stocks
Holdings
—
Top-10 weight
43%
Largest holding
DELL5.1%

Sectors

  • Technology62.1%
  • Energy18.1%
  • Communication6.7%
  • Health Care6.6%
  • Industrials4.0%
  • Materials2.4%

Geography

  • United States93.62%
  • Australia3.26%
  • Singapore3.13%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001DELLDell Technologies Inc5.09%7,965$5M427
002MXLMaxLinear Inc4.86%53,282$4M127
003HPEHewlett Packard Enterprise Co4.56%66,644$4M379
004VLOValero Energy Corp4.37%9,391$4M395
005DINOHF Sinclair Corp4.25%32,552$4M232
006MPCMarathon Petroleum Corp4.23%8,837$4M391
007ALABAstera Labs Inc4.12%12,076$4M258
008MUMicron Technology Inc4.03%3,527$4M655
009UUnity Software Inc3.85%82,700$3M136
010CORTCorcept Therapeutics Inc3.70%29,847$3M147
011SNDKSandisk Corp3.39%1,681$3M450
012MRVLMARVELL TECHNOLOGY INC3.30%12,003$3M458
013CRWDCrowdstrike Holdings Inc3.20%11,971$3M454
014INTCIntel Corp3.20%26,150$3M492
015PSXPhillips 663.16%10,271$3M368

Showing 1–15 of 31 holdings

FCUS Performance

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

FCUS$13,580
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. FCUS $13,580. SPY $11,723. Use the arrow keys to read each point.$8,610$12,142$15,674Sep 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 FCUS. Periods over one year show the average yearly return.
PeriodFCUS
Year to date+34.2%
1 month+12.0%
3 months−9.8%
1 year+35.8%
3 years+32.0%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 FCUS
YearReturn barFCUS
2026 YTD+34.2%
2025+13.7%
2024+30.7%
2023+21.1%

FCUS in the news

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

FCUS 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.
3.23%Last 12 months
Payout per share
$1.36Last 12 months
Last payment
$1.36 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 17, 2024 $3.22; Dec 29, 2025 $1.36. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 30, 2025$1.36
Dec 17, 2024Dec 18, 2024$3.22

FCUS Risk

How much the fund’s monthly returns vary, scaled to a year.
31.7%
Annualised · 36 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.
0.68
vs 3-month T-bills · 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.
−39.9%
44 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.
1.80
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.

FCUS Cost

Expense ratio0.81%
  • The middle half of US Active Equity funds
  • Median 0.70%

83 of the 124 US Active Equity funds charge less.

FCUS costs $81.00 a year on $10,000. The median US Active Equity fund costs $70.00.