TXSS
Texas Capital Texas Small Cap Equity Index ETF
📎 Investment Objective
The Texas Capital Texas Small Cap Equity Index ETF (TXSS) seeks to track the performance of the Texas Small Cap Equity Index, which is designed to provide exposure to small-capitalization companies headquartered in the state of Texas.
Overview
ETF tracking Texas Capital Texas Small Cap Equity Index ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Texas Capital Texas Small Cap Equity Index ETF (TXSS) seeks to track the performance of the Texas Small Cap Equity Index, which is designed to provide exposure to small-capitalization companies headquartered in the state of Texas.
🎯 Investment Strategy
The ETF employs a passive management approach, investing in a representative sample of the securities included in the underlying index in an effort to replicate its performance. The index is composed of small-cap stocks of publicly traded companies headquartered in Texas.
✨ Key Features
- Provides exposure to small-cap companies based in Texas
- Tracks the Texas Small Cap Equity Index, a market-cap weighted index
- Employs a passive, index-tracking investment strategy
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single state
- Potential for higher volatility compared to broader small-cap indexes
- Liquidity risk due to the smaller size of the underlying companies
- Tracking error risk as the fund may not perfectly replicate the index performance
👤 Best For
This ETF may be suitable for investors seeking exposure to small-cap companies based in Texas as part of a diversified portfolio. It may be of particular interest to investors with a regional focus or those looking to overweight Texas-based small-cap stocks. However, investors should be aware of the increased concentration and volatility risks associated with this type of fund.