Key stats
About Frontier Economic Fund
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Inception date
Jun 25, 2025
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%
Distributor
ALPS Distributors, Inc.
Identifiers
3
ISIN US2689617031
AKAF is a passively managed fund offering targeted exposure to Alaska. It is designed with the State of Alaska Department of Revenue to help promote investments that could strengthen the state's economic foundation. The index starts with US and non-US listed firms that meet minimum size and liquidity requirements. Eligible firms are then evaluated based on two main criteria: Operational Presence (job creation for Alaskan residents and having a local operational presence in the state) or Capital Investment (making strategic partnerships and fixed asset investments in Alaska). Such data is collected from various publicly available sources. Holdings are weighted based on their market-cap tier: 70% large-cap, 20% mid-cap, and 10% small-cap. Upward adjustments are then made to emphasize companies from sectors that are significant to Alaskas economy as measured by Alaskas share of US GDP. The index reconstitutes and rebalances semi-annually.
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
Transportation
Non-Energy Minerals
Stocks99.73%
Transportation20.59%
Non-Energy Minerals16.27%
Energy Minerals9.64%
Electronic Technology9.36%
Consumer Services9.05%
Industrial Services8.60%
Retail Trade8.41%
Technology Services3.67%
Finance3.27%
Distribution Services2.64%
Consumer Non-Durables2.31%
Health Services1.45%
Consumer Durables1.39%
Communications1.20%
Process Industries0.66%
Producer Manufacturing0.65%
Commercial Services0.31%
Utilities0.25%
Bonds, Cash & Other0.27%
Mutual fund0.26%
Cash0.01%
Stock breakdown by region
North America89.46%
Oceania4.10%
Europe3.86%
Asia2.58%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AKAF invests in stocks. The fund's major sectors are Transportation, with 20.59% stocks, and Non-Energy Minerals, with 16.27% of the basket. The assets are mostly located in the North America region.
AKAF top holdings are FedEx Corporation and United Parcel Service, Inc. Class B, occupying 2.87% and 2.45% of the portfolio correspondingly.
AKAF assets under management is 2.90 M USD. It's risen 4.70% over the last month.
AKAF fund flows account for 2.34 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, AKAF pays dividends to its holders with the dividend yield of 2.08%. The last dividend (Dec 18, 2025) amounted to 0.66 USD. The dividends are paid quarterly.
AKAF shares are issued by MM VAM LLC under the brand Alaska. The ETF was launched on Jun 25, 2025, and its management style is Passive.
AKAF expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
AKAF follows the The Alaska Last Frontier Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AKAF invests in stocks.
AKAF price has risen by 7.65% over the last month, and its yearly performance shows a 27.60% increase. See more dynamics on AKAF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.08% over the last month, showed a 16.61% increase in three-month performance and has increased by 11.31% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.08% over the last month, showed a 16.61% increase in three-month performance and has increased by 11.31% in a year.
AKAF trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.