Aztlan Global Stock Selection DM SMID ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About AZTD
The Fund uses a “passive management”(or indexing) approach to track the performance, before fees and expenses, of the Index. The Index is based on a proprietary methodologycreated by Aztlan Equity Management, LLC (“Aztlan”) that follows a non-discretionary, rules-based methodology to determinethe universe of potential Index components. The Index is owned, calculated, administered, and published by Solactive AG (“Solactive”). Solactive Aztlan Global Developed MarketsSMID Cap Index The Index is comprised of equity securitiesof companies from the following three developed markets (DM) regions: North America (United States and Canada), Western Europe(Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerlandand the United Kingdom), and Asia (Australia, Japan and New Zealand, but excluding Hong Kong and Singapore). Solactive assignseach security to a particular country based on its analysis of multiple factors, including country of incorporation, primary listing,and domicile (See “Additional Information About the Global Index” in the Fund’s Prospectus for additionalinformation about the country selection process). The Index includes securities of small- and mid-capitalization companies (“SMID-capitalizationcompanies”), which are those with market caps between $500 million USD and $15 billion USD at the time of first purchaseand as of five weekdays prior to each quarterly rebalance of the Index. The Index includes securities from eachof the following ten broad sectors: Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care (excluding pharmaceuticalindustry or sub-sector), Energy, Financials, Information Technology, Communication Services, and Utilities. The securities included in the Index willhave an average daily traded volume (over the most recent 30-day period) of at least $5 million USD. The Index methodology appliesa two-step process to determine the Index constituents. Step 1: On September 30th each year, theinitial universe is reduced to 70 potential Index constituents by applying a “Stable Quality Factor” to the initialuniverse. The Stable Quality Factor ranks each potential Index constituent in the initial universe by their overall factor scoresover the past 12 months based on the methodology below, with the 70 highest scoring companies remaining as potential Index constituents.When measuring “estimates” or “forward” metrics, the Index analyzes the consensus mean of industry analysts’estimates of the relevant metrics. For each “estimate” and “forward” metric, the Index will evaluate eachsuch metric by looking forward for a period of 12 months. When measuring “estimates” or “forward” metrics,each equity security of a company in the Index universe is assigned a value for the applicable metric based on a review of thereports that industry analysts publish about the security. Values are assigned based on the consensus of the industry analysts’reporting about a particular company. ● Value Factor – This factor analyzes a company’s trailing earnings yield and estimates of its forward earnings yield. Earnings yield refers to a company’s earnings per share for the most recent 12-month period divided by its current market share price. Comparing a company’s earnings yield against other companies can provide a measure of whether the company’s shares appear correctly valued, underpriced, or overpriced. ● Cashflow Factor – This factor analyzes, among other things, a company’s dividend history, and estimates of its forward dividends per share. Additionally, estimates of a company’s forward free cash flow yield are evaluated. Cash flow refers to the net balance of cash moving into and out of a company, and the term “cash flow yield” refers to a company’s cash flow per share divided by its current per share market price. Cash flow yields provide a measure of how well a company generates cash from its current operations. ● Capital Structure Factor – This factor analyzes a company’s return on equity (“ROE”). The Index evaluates a company’s trailing ROE over the most recent five-year period, and estimates of the company’s future ROE. ● Growth Factor – This factor analyzes a company’s change in earning per share (“EPS”) over the most recent three-year period, as well as estimates of the company’s future EPS. ● EPS Revisions – This factor analyzes revisions to consensus estimates of a company’s EPS during the most recent four-week period. ● Price Momentum – This factor analyzes the change of a company’s stock price over the most recent three-month and one-year periods. Step 2: The Index ranks the 70 remainingpotential Index constituents from the annual process, and on a quarterly basis, re-ranks these remaining stocks using the samesix equally weighted factors. Each quarter, the top 50 stocks by final factor score are then selected for inclusion in the Index. At the time of each reallocation selection(five days before rebalancing), each Index constituent is equally weighted. However, market movements may change these weightsby the time of the rebalance. The Index is rebalanced quarterly. The Fund’s Investment Strategy The Fund will invest all, or substantiallyall, of its assets in the component securities that make up the Index (the “Index Components”). Under normal circumstances, at least 80%of the Fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities of SMID-capitalizationcompanies incorporated in or that are listed in developed markets. The Fund will generally use a “replication”strategy to achieve its investment objective, meaning it generally will invest in all of the Index components. However, the Fundmay use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whoserisk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, whenTidal Investments LLC (“Tidal” or the “Adviser”), a Tidal Financial Group company, believes it is in thebest interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituentbecomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to theFund but not to the Index). The Fund may invest in securities or otherinvestments not included in the Index, but which the Adviser believes will help the Fund track the Index. For example, the Fundmay invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index(such as reconstitutions, additions, and deletions). The Fund will invest its assets in investmentsthat are tied economically to at least four countries throughout the world. The Fund considers securities to be “tied economically”to a country if the issuer is headquartered in the country, generates at least fifty percent of its revenue or profits from operationsin the country, or has its primary listing on an exchange located in the country.
AZTD News
- (AZTD) as a Liquidity Pulse for Institutional Tactics
- (AZTD) Risk Channels and Responsive Allocation
- (AZTD) Movement as an Input in Quant Signal Sets
- (AZTD) Movement as an Input in Quant Signal Sets
- Liquidity Mapping Around (AZTD) Price Events
- Why (AZTD) Price Action Is Critical for Tactical Trading
Data for AZTD is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.