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HIS

GradeCNASDAQ Global Market

Humilis US Focused Opportunities ETF

Active Equity · Humilis · Inception 2026-05-18

$26.28−0.19 (−0.73%)

As of Sep 23, 2026, 3:07 PM EDT

History starts May 19, 2026.History starts May 19, 2026.History starts May 19, 2026.
Intraday session: down, 32 prints from 26.47 to 26.28. Range 26.22 to 26.43. Use the arrow keys to read each point.$26.20$26.4010 AM12 PM2 PM4 PM
Expense ratio
0.54%
Fund size
$51M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$26.49
52W range
low $24.40high $26.74

The ETF.net HIS Grade

C

40/ 100

Rank 84 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for HIS. Scores out of 100: Cost 65, Risk 83, Mission not scored, Tradability 62, Holdings 50, Durability 20. Strongest: Risk (83). Weakest: Durability (20). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned63This cap took−23Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank46/127 · top 36%

  • 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.
    AScore 83
    Category rank6/126 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 62
    Category rank40/127 · top 31%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank78/124 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 20
    Category rank123/127 · bottom quartile

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

Our read on HIS

ETF.net Research

CA 2026 arrival from a boutique shop: active large-cap US stock picking that pairs top-down macro reads with bottom-up research, and no index to hug. Priced more like an index fund than a stock picker.

Stated mandate

The Fund seeks long-term capital appreciation through active management.

Why people hold it

  1. 01Cost is the headline. The fee sits below what the typical active US equity fund charges, so less of whatever the strategy produces gets skimmed on the way to you.
  2. 02Genuinely active: no benchmark to track. The sub-adviser builds the portfolio from the roughly 500 largest US companies, combining top-down discipline with bottom-up fundamental research.etfarchitect.com
  3. 03Clear lane. At least 80% of net assets stay in US companies under normal conditions, inside a standard 1940 Act ETF wrapper. A domestic equity sleeve, not a global wanderer.etfarchitect.com

Worth knowing

  1. 01It launched in 2026, so there is no long record to judge and the risk picture rests on a short history.
  2. 02A small fund that trades lightly, so wider bid-ask spreads come with the territory versus entrenched peers like DFAU or AVLC.
  3. 03The mandate is capital appreciation, not income. Against active US equity peers it lands in the lower half today, driven by scale and tenure rather than cost.

HIS Holdings

As of Sep 20, 2026, 10:09 AM
Asset class
Stocks
Holdings
—
Top-10 weight
52%
Largest holding
AAPL8.7%

Geography

  • United States97.20%
  • Canada1.61%
  • Sweden1.19%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLApple Inc8.66%12,900$4M707
002NVDANVIDIA Corp7.51%16,902$4M828
003MSFTMicrosoft Corp7.01%7,104$4M792
004GOOGLAlphabet Inc5.77%8,256$3M704
005AMZNAmazon.com Inc5.16%10,176$3M720
006AMDAdvanced Micro Devices Inc4.95%4,430$2M618
007PANWPalo Alto Networks Inc4.18%5,760$2M486
008UNHUnitedHealth Group Inc3.33%4,416$2M474
009AVGOBroadcom Inc3.01%4,224$2M732
010GILDGilead Sciences Inc2.59%8,640$1M482
011GSGoldman Sachs Group Inc/The2.53%1,344$1M399
012COSTCostco Wholesale Corp2.40%1,344$1M465
013DALDelta Air Lines Inc2.08%13,056$1M339
014BACBank of America Corp2.02%17,520$1M440
015JPMJPMORGAN CHASE & CO.2.01%2,880$1M478

Showing 1–15 of 49 holdings

HIS Performance

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

HIS$10,589
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. HIS $10,589. SPY $10,415. Use the arrow keys to read each point.$9,714$10,222$10,730Jun 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 HIS. Periods over one year show the average yearly return.
PeriodHIS
Year to dateFund launched this year—
1 month+1.2%
3 months+5.9%
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 HIS
YearReturn barHIS
2026 YTD+6.6%

History from May 19, 2026

HIS in the news

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

HIS 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 May 2026. No distributions yet.

HIS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 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 May 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 May 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.
0.94
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.

HIS Cost

Expense ratio0.54%
  • The middle half of US Active Equity funds
  • Median 0.70%

42 of the 124 US Active Equity funds charge less.

HIS costs $54.00 a year on $10,000. The median US Active Equity fund costs $70.00.