Key stats
About Avory Foundational ETF
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Inception date
Jan 22, 2026
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Avory & Co. LLC
Distributor
Pine Distributors LLC
Identifiers
3
ISIN US02072Q2185
AVRY invests in 2030 US-listed equity securities of any market capitalization perceived to represent future consumer, enterprise, and market needs. The actively managed fund seeks to balance growth and value using internal research and fundamental analysis. The fund considers companies considered as Secular Winners (central to long-term trends like AI or automation), Transitional Compounders (established businesses transforming to align with future trends), or Balanced Framework (based on the Sub-Advisers 6Ms framework: management, market growth, market share growth, margin expansion, multiple expansion, and margin of safety). The actively managed fund primarily invests in US companies but may include foreign firms. Investments may include low-cost, broad-based equity ETFs. The fund may invest in cash, or cash equivalents.
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
Technology Services
Commercial Services
Consumer Services
Stocks99.75%
Technology Services64.66%
Commercial Services13.26%
Consumer Services11.28%
Finance7.22%
Distribution Services3.32%
Bonds, Cash & Other0.25%
Mutual fund0.26%
Cash−0.01%
Stock breakdown by region
North America91.05%
Middle East8.95%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AVRY invests in stocks. The fund's major sectors are Technology Services, with 64.66% stocks, and Commercial Services, with 13.26% of the basket. The assets are mostly located in the North America region.
AVRY top holdings are Zoom Communications, Inc. Class A and Block, Inc. Class A, occupying 15.50% and 13.26% of the portfolio correspondingly.
AVRY assets under management is 39.85 M USD. It's risen 417.02% over the last month.
AVRY fund flows account for 31.32 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.
No, AVRY doesn't pay dividends to its holders.
AVRY shares are issued by Empirical Finance LLC under the brand Avory. The ETF was launched on Jan 22, 2026, and its management style is Active.
AVRY expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
AVRY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AVRY invests in stocks.
AVRY trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.