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Launched · SEC filings

The Acquirers Fund

ZIGNYSE ArcaAcquirers FundsF

$41.34+0.22 (+0.54%)

As of Nov 2, 2026, 2:18 PM ET

F21/ 100

Rank 62 of 66 in US Active Value

F21/100Rank 62 of 66inUS Active Value
Intraday session: up, 53 prints from 41.12 to 41.34. Range 41.12 to 41.50. Use the arrow keys to read each point.41.2041.3041.4041.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$33M
1Y total return
+15.2%
Yield · Last 12 months
1.69%
Holdings
31
Avg volume · 30D
1.05K sh
52W range
low $34.66high $41.55
Launched
Filings
SEC EDGAR

The ETF.net ZIG Grade

Based on 5 of 6 pillars

F

Score 21 out of 100

Category
US Active Value⁠
Rank
62 of 66
Six-pillar profile for ZIG. Scores out of 100: Cost 15, Risk 18, Mission not scored, Tradability 23, Holdings 38, Durability 35. Strongest: Holdings (38). Weakest: Cost (15). Based on 5 of 6 pillars.

Score 21 of 100 falls in the F 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.
    F15 out of 100
    Rank 55 of 66

  • 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.
    F18 out of 100
    Rank 60 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 60 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 53 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 54 of 66

Our read on ZIG

ETF.net Research

In short

FTobias Carlisle turned his own valuation metric, the Acquirer's Multiple (enterprise value over operating earnings), into an ETF: roughly 30 US names picked the way a buyer of the whole business would shop, cheap on operating earnings with a clean balance sheet.

Stated mandate

The fund is a U.S. domestic equity ETF pursuing a concentrated deep-value strategy with a mid-cap tilt.

Why people hold it

  • Built on one published metric: the Acquirer's Multiple, enterprise value divided by operating earnings, the math a buyer of the whole company would run.etfstrategy.com
  • Concentrated on purpose. Roughly 30 US names drawn from the largest quarter of the market, so each holding actually matters.aaii.com
  • Deep value with a mid-cap tilt, a different shape from large-cap value peers like AVLV and DFLV.
  • Running the same strategy since its 2019 launch, from the firm founded by the metric's author.etfstrategy.com

Worth knowing

  • At 0.75% a year it costs more than the typical US value fund, and well above index-based peers like AVLV (0.15%) and AVMV (0.20%).
  • One of the smaller, thinner-traded funds in its category, so spreads can be wider than on mainstream value ETFs.
  • Concentration cuts both ways: with about 30 positions one name can swing results, and the fund sits in the lower tier of its value peer group.aaii.com

ZIG Holdings

Holdings pillarD38 out of 100Rank 53 of 66 in US Active Value
Asset class
Stocks
Holdings
31
Top-10 weight
37%
Largest holding
BBWI4.1%

Sectors

  • Consumer Discretionary44.0%
  • Energy22.6%
  • Industrials10.4%
  • Consumer Staples9.9%
  • Financials6.7%
  • Health Care3.4%
  • Materials3.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1BBWIBath & Body Works Inc4.06%58,659$1.34M154
2CROXCrocs Inc3.94%8,615$1.3M163
3HOGHarley-Davidson Inc3.83%40,402$1.26M133
4ULTAUlta Beauty Inc3.73%1,920$1.23M313
5APAAPA Corp3.68%22,955$1.21M297
6HRBH&R Block Inc3.67%23,532$1.21M215
7YUMYum! Brands Inc3.62%7,665$1.19M317
8EOGEOG Resources Inc3.59%7,145$1.18M398
9LPXLouisiana-Pacific Corp3.56%16,006$1.17M134
10MOAltria Group Inc3.53%14,888$1.16M376
11WFRDWeatherford International PLC3.51%12,747$1.16M166
12TJXTJX Cos Inc/The3.47%8,138$1.14M428
13LULULululemon Athletica Inc3.38%10,367$1.11M238
14DPZDomino's Pizza Inc3.34%3,511$1.1M218
15DECKDeckers Outdoor Corp3.29%13,229$1.08M292

Showing 1–15 of 31 holdings

ZIG Performance

Launched May 14, 2019

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.
ZIG$11,520
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ZIG $11,520. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 ZIG. Periods over one year show the average yearly return.
PeriodZIG
Year to date+13.2%
1 month+8.8%
3 months+3.4%
1 year+15.2%
3 yearsper year+13.2%
5 yearsper year+8.6%
10 yearsFund is under 10 years oldper yearNo data

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 ZIG
YearReturn barZIG
2026 YTD+13.2%
2025−2.7%
2024+11.3%
2023+36.7%
2022−17.3%
2021+37.4%
2020−15.7%

ZIG in the news

ZIG 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 30, 2026.
1.69%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.69 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2020–2026

One bar per payment. 6 payments from 2020 to 2026 YTD. Dec 24, 2020 $0.04; Dec 23, 2021 $0.06; Dec 28, 2022 $0.33; Dec 27, 2023 $0.37; Dec 30, 2024 $0.72; Dec 30, 2025 $0.69. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.69
Dec 30, 2024Dec 31, 2024$0.72
Dec 27, 2023Dec 29, 2023$0.37
Dec 28, 2022Dec 30, 2022$0.33
Dec 23, 2021Dec 28, 2021$0.06
Dec 24, 2020Dec 29, 2020$0.04

$10,000 in ZIG 5 years ago paid $743 in dividends.

ZIG Risk

Risk pillarF18 out of 100Rank 60 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
18.2%
Annualised · 36 months to Oct 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.
0.53
vs 3-month T-bills · to Oct 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.
−29.8%
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.
0.78
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.

FMP measures it over up to five years of monthly returns.

ZIG Cost

Compare ZIG and WTV

Overpaying vs WTV, cheapest in US Active Value

$11,962

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ZIG 0.75%

    $14,482

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • ZIG 0.75%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ZIG $14,482WTV $2,520

Year by year

YearZIGWTVOverpaying
10$1,336$220$1,116
20$5,078$859$4,219
30$14,482$2,520$11,962

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