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OTAX

The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.New York Stock Exchange

Optimal Tax Managed Equity ETF

Active Equity · Optimal Tax · Inception 2026-08-25 · SEC filings

$50.28−0.34 (−0.66%)

As of Sep 23, 2026, 2:02 PM EDT

History starts Aug 25, 2026.History starts Aug 25, 2026.History starts Aug 25, 2026.History starts Aug 25, 2026.
Intraday session: down, 4 prints from 50.62 to 50.28. Range 50.18 to 50.62. Use the arrow keys to read each point.$50.20$50.40$50.50$50.6010 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$72M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$50.60
52W range
low $49.39high $51.21

OTAX Holdings

As of Sep 20, 2026, 9:22 AM
Asset class
Stocks
Holdings
—
Top-10 weight
43%
Largest holding
RECS8.6%

Geography

  • United States93.96%
  • Taiwan (Province of China)3.54%
  • Ireland0.84%
  • Canada0.53%
  • United Kingdom0.42%
  • Luxembourg0.14%
  • Panama0.14%
  • Brazil0.13%
  • Other countries (5)0.30%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RECSColumbia Research Enhanced Core ETF8.62%135,030$6M1
002RSPInvesco S&P 500 Equal Weight ETF7.52%25,137$5M13
003NVDANVIDIA Corp5.14%16,344$4M828
004AAPLApple Inc4.70%9,874$3M707
005MSFTMicrosoft Corp3.71%5,302$3M792
006VOOVanguard S&P 500 ETF3.29%3,313$2M57
007TSMTaiwan Semiconductor Manufacturing Co Ltd3.20%5,199$2M268
008AMZNAmazon.com Inc2.54%7,063$2M720
009SNOWSnowflake Inc2.42%5,152$2M321
010PANWPalo Alto Networks Inc2.26%4,389$2M486
011AVGOBroadcom Inc2.09%4,143$1M732
012GOOGLAlphabet Inc2.03%4,099$1M704
013—First American Government Obligations Fund 12/01/20311.92%1,353,193$1M625
014DELLDell Technologies Inc1.83%2,274$1M427
015MRKMerck & Co Inc1.76%8,468$1M506

Showing 1–15 of 208 holdings

OTAX Performance

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

OTAX$10,228
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,236
Sep 15, 2026 to Sep 22, 2026. OTAX $10,228. SPY $10,236. Use the arrow keys to read each point.$9,933$10,097$10,261Sep 15Sep 18Sep 22

Sep 15, 2026 – Sep 22, 2026

Returns run to the last market 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 OTAX. Periods over one year show the average yearly return.
PeriodOTAX
Year to dateFund launched this year—
1 monthFund is under 1 month old—
3 monthsFund is under 3 months old—
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

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 OTAX
YearReturn barOTAX
2026 YTD+1.3%

Since listing, Aug 25, 2026

OTAX in the news

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

OTAX 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 Aug 2026. No distributions yet.

OTAX Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Aug 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 Aug 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 Aug 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.
0.00
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.

OTAX Cost

Expense ratio0.58%
  • The middle half of US Active Quality funds
  • Median 0.58%

8 of the 17 US Active Quality funds charge less.

OTAX costs $58.00 a year on $10,000. The median US Active Quality fund costs $58.00.