Skip to content
etf.net

Launched · SEC filings

Pinnacle Focused Opportunities ETF

FCUSNYSE ArcaD

$42.80−0.10 (−0.24%)

As of Oct 13, 2026, 3:59 PM

D35/ 100

Rank 96 of 127 in US Active Equity

D35/100Rank 96 of 127inUS Active Equity
Intraday session: down, 63 prints from 42.91 to 42.80. Range 42.08 to 42.94. Use the arrow keys to read each point.42.2042.4042.6010 AM12 PM2 PM4 PM
Expense ratio
0.81%
Fund size
$93M
1Y total return
+42.3%
Yield · Last 12 months
3.17%
Holdings
31
Avg volume · 30D
0M sh
NAV per share
$42.22
52W range
low $28.33high $47.49
Launched
Filings
SEC EDGAR

The ETF.net FCUS Grade

Based on 5 of 6 pillars

D

Score 35 out of 100

Category
US Active Equity⁠
Rank
96 of 127
Six-pillar profile for FCUS. Scores out of 100: Cost 32, Risk 16, Mission not scored, Tradability 45, Holdings 52, Durability 44. Strongest: Holdings (52). Weakest: Risk (16). Based on 5 of 6 pillars.

Score 35 of 100 falls in the D 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.
    D32 out of 100
    Rank 86 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.
    F16 out of 100
    Rank 118 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 67 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 72 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C44 out of 100
    Rank 83 of 127

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 Oct 13, 2026
Asset class
Stocks
Holdings
31
Top-10 weight
43%
Largest holding
MRNA4.9%

Sectors

  • Technology72.8%
  • Energy14.8%
  • Health Care10.3%
  • Materials2.1%

Geography

  • United States97.34%
  • Singapore2.66%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MRNAModerna Inc4.92%20,753$5M286
002HPEHewlett Packard Enterprise Co4.69%60,545$4M388
003RBRKRubrik Inc4.48%33,987$4M148
004DELLDell Technologies Inc4.47%7,226$4M443
005CORTCorcept Therapeutics Inc4.38%34,304$4M149
006MXLMaxLinear Inc4.32%42,573$4M129
007SMTCSemtech Corp4.15%21,032$4M178
008ALABAstera Labs Inc3.94%10,924$4M263
009MUMicron Technology Inc3.91%3,601$4M679
010INTCIntel Corp3.58%32,432$3M511
011OKTAOkta Inc3.47%14,197$3M260
012MPCMarathon Petroleum Corp3.46%7,208$3M396
013DINOHF Sinclair Corp3.43%26,844$3M238
014VLOValero Energy Corp3.39%7,404$3M406
015CRWDCrowdstrike Holdings Inc3.28%11,297$3M472

Showing 1–15 of 31 holdings

FCUS Performance

Launched Dec 29, 2022

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.
FCUS$14,226
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FCUS $14,226. SPY $12,044. Use the arrow keys to read each point.$8,765$12,367$15,969Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – 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 FCUS. Periods over one year show the average yearly return.
PeriodFCUS
Year to date+36.7%
1 month+11.3%
3 months+7.4%
1 year+42.3%
3 yearsper year+31.8%
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 FCUS
YearReturn barFCUS
2026 YTD+36.7%
2025+13.7%
2024+30.7%
2023+21.1%

FCUS in the news

Filtered to FCUS · US Active Equity

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 Oct 12, 2026.
3.17%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.
32.3%
Annualised · 36 months to Sep 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.
0.87
vs 3-month T-bills · to Sep 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%
45 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.
1.74
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 123 US Active Equity funds charge less.

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

Other funds in US Active Equity

See others