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ZIG

GradeFNew York Stock Exchange Arca

The Acquirers Fund

Active Equity · Acquirers Funds · Inception 2019-05-14 · SEC filings

$38.82−0.04 (−0.10%)

As of Sep 23, 2026, 11:34 AM EDT

Intraday session: down, 3 prints from 38.86 to 38.82. Range 38.82 to 38.82. Use the arrow keys to read each point.$38.00$38.50$39.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$31M
1Y return
+4.9%
Yield · Last 12 months
1.78%
Volume · 30D
0M sh
NAV per share
$38.80
52W range
low $34.66high $41.55

The ETF.net ZIG Grade

F

20/ 100

Rank 59 of 66 in US Active Value⁠

Confidence Medium

Six-pillar profile for ZIG. Scores out of 100: Cost 18, Risk 11, Mission not scored, Tradability 11, Holdings 43, Durability 36. Strongest: Holdings (43). Weakest: Tradability (11). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 20 of 100 sits in the F 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.
    FScore 18
    Category rank56/66 · bottom quartile

  • 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 11
    Category rank59/62 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 11
    Category rank63/66 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 43
    Category rank48/66 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 36
    Category rank53/66 · bottom quartile

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

Our read on ZIG

ETF.net Research

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

  1. 01Built 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
  2. 02Concentrated on purpose. Roughly 30 US names drawn from the largest quarter of the market, so each holding actually matters.aaii.com
  3. 03Deep value with a mid-cap tilt, a different shape from large-cap value peers like AVLV and DFLV.
  4. 04Running the same strategy since its 2019 launch, from the firm founded by the metric's author.etfstrategy.com

Worth knowing

  1. 01At 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%).
  2. 02One of the smaller, thinner-traded funds in its category, so spreads can be wider than on mainstream value ETFs.
  3. 03Concentration 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

As of Sep 20, 2026, 9:25 AM
Asset class
Stocks
Holdings
—
Top-10 weight
34%
Largest holding
YUM3.4%

Sectors

  • Consumer Discr.37.4%
  • Energy21.6%
  • Cons. Staples12.6%
  • Industrials9.4%
  • Financials7.1%
  • Materials6.6%
  • Health Care3.1%
  • Technology2.2%

Geography

  • United States93.03%
  • Israel4.03%
  • Canada2.94%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001YUMYum! Brands Inc3.40%7,665$1M309
002CROXCrocs Inc3.39%8,615$1M157
003HOGHarley-Davidson Inc3.37%40,402$1M131
004APAMArtisan Partners Asset Management Inc3.37%28,525$1M130
005WFRDWeatherford International PLC3.36%12,747$1M167
006SYFSynchrony Financial3.36%13,933$1M318
007LPXLouisiana-Pacific Corp3.36%16,006$1M138
008HRBH&R Block Inc3.35%23,532$1M204
009MLIMueller Industries Inc3.34%17,310$1M215
010ULTAULTA BEAUTY INC3.34%1,920$1M309
011LNTHLantheus Holdings Inc3.34%10,321$1M142
012ATKRAtkore Inc3.34%11,001$1M108
013DECKDeckers Outdoor Corp3.34%13,229$1M298
014TJXTJX Cos Inc/The3.33%8,138$1M419
015MOAltria Group Inc3.33%14,888$1M369

Showing 1–15 of 32 holdings

ZIG Performance

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

ZIG$10,494
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. ZIG $10,494. SPY $11,723. Use the arrow keys to read each point.$9,119$10,538$11,957Sep 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 ZIG. Periods over one year show the average yearly return.
PeriodZIG
Year to date+7.1%
1 month−5.7%
3 months+0.1%
1 year+4.9%
3 years+10.0%per year
5 years+8.1%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 ZIG
YearReturn barZIG
2026 YTD+7.1%
2025−2.7%
2024+11.3%
2023+36.7%
2022−17.3%
2021+37.4%
2020−15.7%

ZIG in the news

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

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 Sep 22, 2026.
1.78%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

ZIG Risk

How much the fund’s monthly returns vary, scaled to a year.
17.4%
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.
0.38
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.
−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.

ZIG Cost

Expense ratio0.75%
  • The middle half of US Active Value funds
  • Median 0.55%

51 of the 66 US Active Value funds charge less.

ZIG costs $75.00 a year on $10,000. The median US Active Value fund costs $55.00.