this Texas Capital Texas Oil Index ETF (NYSE:OILT) launched late last year Focus on companies responsible for oil and gas production in Texas. Unlike other funds focused on oil and gas exploration and production, this Oil ETFs The Texas Railroad Commission, which weights securities based on oil and gas production, has promoted investments in producers in the Permian Basin, Granite Wash and Barnett, Eagle Ford and Haynesville/Bossier Shales, according to a report from the Texas Railroad Commission, which weights securities based on oil and gas production.
West Texas Intermediate (WTI) Known for its high-quality crude oil, it is used as a benchmark for global and national oil commodity pricing. This global recognition is due to WTI’s suitability for refining gasoline and other high-demand products. Since Texas is the primary state that produces oil that is ultimately traded as WTI, OILT offers investors a unique opportunity because it is the only equity ETF that invests exclusively in companies active in the region. Texas crude oil production reaches record high in 2023 5.49 million barrels per day, accounting for approximately 40% of total U.S. crude oil production. We believe this oil-producing region has optimal access to U.S. oil infrastructure and the world’s top shipping ports in South Texas.
As of December 31, 2023, OILT consists of 31 constituent stocks. Top stocks in the index include Diamondback Energy (square), ConocoPhillips (police) and Pioneer Natural Resources (PXD). Companies in the index must be publicly traded companies that accounted for more than 0.1% of Texas’ annual oil and gas production over the past 10 years, according to data released by the Texas Railroad Commission.See more University here.
Second new ETF, Texas Capital Texas Small Cap Index ETF (NASDAQ: TxSS), Focus on small businesses, the backbone of the Texas economy. This new ETF recognizes the critical role small businesses play in the state’s economy, providing investors with the opportunity to increase their exposure to the economic trends driving the Texas economy.
Similar to Texas Capital’s existing flagship fund Texas Capital Texas Stock Index (NYSE Arca: TXS), Texas Capital believes that companies headquartered in Texas may enjoy certain economic, regulatory, tax, and other benefits relative to companies headquartered in other states. Labor and other benefits. Small capitalization companies may enjoy these benefits to a greater proportion than larger, more geographically diversified companies. Texas’ strong business environment is reflected in its infrastructure spending and resources, relatively low costs of doing business, export data, and third-party rankings and recognitions.
The fund is weighted by industry GDP and then by each industry’s market capitalization, providing diversification into key business sectors such as industrials, energy, consumer discretionary, healthcare and real estate.See more TXSS is here.
Reveal:
Investors should carefully consider the Fund’s investment objectives, risks and expenses before investing. The prospectus contains this and other information about the Fund and should be read carefully before investing. Investors can obtain a copy of the prospectus by calling 844.TCB. ETFS (844.822.3837).
Investment and Market Risk. Like all investments, investments in the Fund are subject to investment risks. Investors in the Fund may suffer losses, including the possible loss of the entire principal invested, either in the short or long term.
Index tracking risk. There is no guarantee that the Fund will achieve a high degree of correlation with the Index and thereby achieve its investment objective. The Fund may have difficulty achieving its investment objective due to fees, expenses (including rebalancing charges) and other transaction costs associated with the normal operation of the Fund. These costs that may be incurred by the Fund are not incurred by the Index, which may make it more difficult for the Fund to track the Index.
New Advisor Risks. The Adviser has never acted as an adviser to a registered mutual fund or ETF. As a result, investors have no long-term record against which to judge the Adviser, and the Adviser may not achieve the Fund’s intended investment objectives.
New Fund Risks. The Fund is new and there are no shares outstanding as of the date of this prospectus. If a fund does not expand in size after it begins trading, its shares will be subject to greater risks than larger funds, having their shares trade at wider bid-ask spreads, trading at or above net asset value, being liquidated and/or halted from trading. Any resulting fund liquidation could result in increased transaction costs for the fund and negative tax consequences for its shareholders.
geographical concentration risk. Because the Fund and the Index invest only in issuers headquartered in a particular geographic region, the Fund’s performance is expected to be closely related to various factors, including social, financial, economic and political conditions in that region. Events that negatively impact the region may cause the value of Fund shares to decline, in some cases significantly. Therefore, the fund may be more volatile than geographically diversified funds.
Small capital company risks. Investing in the securities of smaller companies may be riskier, more volatile and more susceptible to economic, market and industry changes than investing in the securities of larger, more established companies. As a result, stock price changes may be more sudden or erratic than the prices of other equity securities, particularly over short periods of time. Small-cap companies tend to have less predictable earnings and more limited product lines, markets, access, or financial resources, and management of such companies may depend on one or a few key individuals. The equity securities of smaller companies are generally less liquid than the equity securities of larger companies.
Energy industry risks. Risks faced by companies in the energy industry include, but are not limited to, economic growth, global demand, political instability in the regions where the company operates, regulation of government-mandated utility rates, interest rate sensitivity, oil price volatility, energy conservation, environmental policy, resource depletion , the cost of providing specific utility services, and other factors beyond their control.
Oil and Gas Company Risks. Oil and gas companies develop and produce crude oil and natural gas and provide drilling and other energy production and distribution-related services. The share prices of such companies are affected by the supply and demand for their specific products or services, as well as energy products in general. Oil and natural gas prices, exploration and production spending, government regulations, world events and economic conditions also affect the performance of these companies. Accordingly, securities of oil and natural gas companies are subject to rapid price and supply fluctuations caused by events related to international politics, energy conservation, the success of exploration projects, and tax and other government regulatory policies. Weak overall demand for the company’s products or services or energy products and services, as well as negative developments in these and other areas, will adversely affect the Fund’s performance. Oil and natural gas exploration and production can be significantly affected by natural disasters and changes in currency rates, interest rates, government regulations, world events and economic conditions. These companies may also be exposed to environmental damage claims.
Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas Capital Bank Private Wealth Advisors (“PWA”) is a wholly owned subsidiary of Texas Capital Bank and serves as the trustee of Texas Capital Funds Trust, a privately held company incorporated in Delaware. Investment advisor to the State of Delaware Statutory Trust). Established in 2023 and registered as an open-end management investment company under the Investment Company Act of 1940 (the “Fund”), it pays fees for its services. Fund shares are not deposits or obligations of, and are not guaranteed or endorsed by, Texas Capital Bank or its affiliates. The Fund is not insured by the FDIC or any other government agency. The fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC, which is not affiliated with Texas Capital Bank Private Wealth Advisors.
Not a deposit. Not FDIC insured. Not bank guaranteed. May lose value. Not insured by any federal government agency.
Distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Texas Capital Bank Private Wealth Advisors.
17934074-NLD-02/29/2024
