Texas Oil Index ETF

Tap into the opportunity of one of the top global producers of the world's most important commodity.
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Fund Details

TICKER
OILT
iNCEPTION dATE
December 20, 2023
EXCHANGE
NYSE Arca
cUSIP
88224A300
Type
GLOBAL EQUTY | PASSIVE ETF
Schedule K-1
None
EXPENSE RATIO
0.35%
INTRADAY NAV TICKER
-
Fund Net Assets
12,083,620.00
Shares outstanding
525,001.00
Distribution Yield1
2.82
30 Day SEC Yield2
2.849198

1 The ratio of all the distributions a fund paid in the past 12 months divided by the current share price of the fund.
2 SEC 30-Day Yield is an annualization of the fund’s total net investment income per share for the 30-day period ended on the last day of the month. 30-Day SEC Yield as of February 28, 2025.

Fund Objective

The Texas Capital Texas Oil Index ETF (the “Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Alerian Texas Weighted Oil and Gas Index (the “Index”). The Index is an economic-value weighted index providing exposure to companies that extract oil and gas within Texas. Companies in the Index must be a publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data published by the Texas Railroad Commission.

Fund Rationale

Oil is one of the world’s most important commodities. West Texas Intermediate, also known as Texas light sweet, is a high-quality grade of crude oil that’s used as a global and national benchmark for oil commodity pricing due to its suitability for refining gasoline and other high-demand products.

In addition to its quality, we believe that the high governance standards within the US and the State of Texas make Texas a superior market to extract and produce oil, making it desirable to investors. Texas’ wells and refineries provide great capacity for oil production and distribution. Global and domestic infrastructure and trading have created efficiencies that have made the US a net oil exporter and may positively impact the profitability potential.

Exposure to Production of West Texas Intermediate. Exposure to production and extraction of WTI, a global benchmark of one of the world’s most important commodities.

High-Producing Region. Texas is among the largest global oil producers.

Superior Production and Efficiences. High governance standards, high capacity, and infrastructure support profitability potential.

Daily Statistics

Nav
23.02
Market closing price
23.02
premium/discount
0.00
30-day median bid/ask spread3
28.93bps

330-Day Median Bid-Ask Spread: the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

Historical Premium/Discount

Term 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Days at premium 229 - - - -
Days at discount 23 - - - -

Performance

Growth Of $10,000 Since Inception

The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance as of March 11, 2025 (%)
TERM 1 DAY 1 MO 3 MO 6 MO 1 YR QTD (CURRENT) YTD SINCE INCEPTION
NAV 0.70 -9.76 -7.89 -1.46 -10.27 -5.96 -5.96 -3.78
CLOSING MARKET PRICE 0.74 -10.11 -8.15 -1.80 -10.54 -6.12 -6.12 -4.62
Alerian Texas Weighted Oil & Gas Total Return Index (USD) (UNDERLYING INDEX) 0.65 -9.83 -7.93 -1.57 -10.43 -6.03 -6.03 -3.88
VettaFi U.S. Equity 3000 Index -0.64 -8.64 -8.96 0.97 9.43 -5.48 -5.48 15.19

The Alerian Texas Weighted Oil & Gas Index (ATXWO) is comprised of energy companies that extract oil and gas within the state of Texas. The index is weighted based on the total economic value of oil and gas extracted by each company from within Texas subject to a maximum 10% constraint.

VETTAFI US Equity 3000 Index (SNR3000) represents the 3,000 largest US stocks.

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 844.822.3837.

Quarter-End Performance as of December 31, 2024 (%)
TERM QTR 1 YR SINCE INCEPTION
NAV 1.63 1.36 1.40
CLOSING MARKET PRICE 2.01 0.91 1.60
Alerian Texas Weighted Oil & Gas Total Return Index (USD) (UNDERLYING INDEX) 1.65 1.30 1.35
VettaFi U.S. Equity 3000 Index 2.66 23.80 24.97

Fund Management

Investment Adviser: Texas Capital Bank Private Wealth Advisors
Administrator and Fund Accountant: Ultimus Fund Solutions, LLC.
Distributor: Northern Lights Distributors, LLC

Portfolio Manager: J. Steven Orr, Chief Investment Officer
Mr. Orr is responsible for the strategy, construction, and performance of client portfolios and trusts. With over 30 years of portfolio management experience, Steven joined Texas Capital Bank in 2013 from Communities Foundation of Texas, where he had managed investments and helped raise the Foundation’s performance to among the highest in their peer groups of universities and foundations. Prior to his work at Communities Foundation, he successfully ran insurance and arbitrage portfolios for Associates First Capital totaling $4 billion, as well as mutual fund bond and insurance and portfolios at Caterpillar, Inc. Steven earned his Bachelor of Arts in Economics and a minor and Math from the University of Texas at Austin, a Master in Business from Texas State, and a Juris Doctorate from St. Mary’s School of Law. He is an attorney and a CFA® and CMT® Charter holder.

 

Portfolio Manager: Carlos Pena, Vice President
Mr. Pena joined Texas Capital in August 2023, bringing to his role more than 11 years of experience in financial services and investment management. Previously, he served as a portfolio strategist at State Farm where he was a member of the State Farm Investment Management team and responsible for establishing the firm’s investment management infrastructure and the construction of model portfolios using both passive and active strategies. Prior, Mr. Pena served as a fixed income portfolio manager at Wells Fargo where he was responsible for $900 million in customized actively managed SMA portfolios across taxable and tax-exempt strategies. He has also held roles at JPMorgan Corporate & Investment Bank and United Capital. Mr. Pena earned a Bachelor of Business Administration in finance and international business at the University of North Texas. He holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. 

Holdings

Top 10 Holdings

Portfolio Holdings as of March 11, 2025
Description Shares Portfolio Weight (%)
EXXON MOBIL CORP 9,529.00 8.62
OCCIDENTAL PETE 22,010.00 8.44
CONOCOPHILLIPS 10,548.00 8.34
EOG RESOURCES 7,723.00 7.97
DIAMONDBACK ENER 6,524.00 7.82
CHEVRON CORP 3,889.00 4.97
DEVON ENERGY CO 17,101.00 4.88
OVINTIV INC 14,559.00 4.70
APA CORP 27,329.00 4.35
Tokyo Gas Co Ltd 15,445.00 3.95

Holdings are subject to change and do not constitute a recommendation or solicitation to buy or sell a particular security. Current and future portfolio holdings are subject to risk.

Download Full Holdings

Sector Weights

Texas Capital Texas Oil Index ETF
Alerian Texas Weighted Oil & Gas Index

Source: VettaFi as of March 11, 2025.

Alerian® and Alerian Texas Weighted Oil and Gas IndexSM are servicemarks of VettaFi and their use is granted under a license from VettaFi. Neither VettaFi nor any of its index calculation agents, if any, guarantee the accuracy and/or completeness of the Oil Index or any data included therein and neither VettaFi nor its agents shall have any liability for any errors, omissions, interruptions or defects therein. VettaFi makes no warranty, express or implied, representations or promises, as to results to be obtained by Texas Capital Bank or any other person or entity from the use of the Oil Index or any data included therein. VettaFi makes no express or implied warranties, representations or promises, regarding the originality, merchantability, suitability, or fitness for a particular purpose or use with respect to the Oil Index or any data included therein. Without limiting any of the foregoing, in no event shall VettaFi or its index calculation agents, if any, have any liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including lost profits), even if notified of the possibility of such damages.

Documents

Have further questions?

To learn more about our ETF & Funds Management solutions and to speak with our sales team call us
at 844.TCB.ETFS (844.822.3837).

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NAV Return represents the closing price of underlying securities. Market Price Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times.

Investors should carefully consider the investment objectives, risks, and charges of the fund before investing. The prospectus contains this information and other information about the fund, and it should be read carefully before investing. Investors can obtain a copy of the prospectus by calling 844.TCB.ETFS (844.822.3837).

This website should not be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing on this website is intended to be investment, tax, financial or legal advice. 

Not a Deposit. Not FDIC Insured. Not Guaranteed by the Bank. May Lose Value. Not Insured by any Federal Government Agency.  

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares of ETFs are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Current performance may be lower or  higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 844.822.3837.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund. 

Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas Capital Bank Private Wealth Advisors (“PWA”), a wholly owned subsidiary of Texas Capital Bank and an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), serves as investment adviser to the Texas Capital Texas Oil Index ETF and is paid a fee for its services. Shares of the Texas Capital Texas Oil Index ETF are not deposits or obligations of, or guaranteed or endorsed by, Texas Capital Bank or its affiliates. The Texas Capital Texas Oil Index ETF is not insured by the FDIC or any other government agency. 

Index performance does not represent actual fund or portfolio performance and such performance does not reflect the actual investment experience of any investor. An investor cannot invest directly in an index. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with an investment in a portfolio invested in accordance with an index. None of the Syntax Indices or the benchmark indices portrayed herein charge management fees or incur brokerage expenses, and no such fees or expenses were deducted from the performance shown; provided, however, that the returns of any investment portfolio invested in accordance with such indices would be net of such fees and expenses. Additionally, none of these indices lend securities, and no revenues from securities lending were added to the performance shown. Performance shown is unaudited and subject to revision. This site may include materials and documents containing forward-looking statements which are based on our expectations and projections as of the date made. Past returns are not necessarily predictive of future returns.

The Texas Capital Texas Oil Index ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC, which is not affiliated with Texas Capital Bank Private Wealth Advisors.