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About Texas Capital Texas Oil Index ETF
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Inception date
Dec 21, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Texas Capital Bank Wealth Management Services, Inc.
Distributor
Northern Lights Distributors LLC
ISIN
US88224A3005
OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be 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 from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Energy Minerals
Stocks99.31%
Energy Minerals92.73%
Utilities4.32%
Industrial Services2.27%
Bonds, Cash & Other0.69%
Mutual fund0.66%
Cash0.03%
Stock breakdown by region
North America90.59%
Europe5.06%
Asia4.35%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
OILT invests in stocks. The fund's major sectors are Energy Minerals, with 92.73% stocks, and Utilities, with 4.32% of the basket. The assets are mostly located in the North America region.
OILT top holdings are Exxon Mobil Corporation and Occidental Petroleum Corporation, occupying 8.54% and 8.52% of the portfolio correspondingly.
OILT last dividends amounted to 0.18 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 15.73% increase.
OILT assets under management is 12.69 M USD. It's risen 4.44% over the last month.
OILT fund flows account for −1.95 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, OILT pays dividends to its holders with the dividend yield of 2.74%. The last dividend (Jun 30, 2025) amounted to 0.18 USD. The dividends are paid quarterly.
OILT shares are issued by Texas Capital Bancshares, Inc. under the brand Texas Capital. The ETF was launched on Dec 21, 2023, and its management style is Passive.
OILT expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
OILT follows the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
OILT invests in stocks.
OILT price has risen by 1.99% over the last month, and its yearly performance shows a −9.12% decrease. See more dynamics on OILT price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.84% decrease in three-month performance and has decreased by −4.64% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.84% decrease in three-month performance and has decreased by −4.64% in a year.
OILT trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.