AIMS — Acuitas Small Cap Active ETF
Data updated: 2026-08-27
AIMS — Acuitas Small Cap Active ETF. 0.75% expense ratio · since 2026. Holdings, fees, performance and SEC filings.
AIMS Fund Overview
AIMS — Acuitas Small Cap Active ETF is a US ETF managed by Series Portfolios Trust, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Series Portfolios Trust
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $91.47M
- Ticker: AIMS
- SEC CIK: 0001650149
- SEC series ID: S000101069
- Share class ID: C000271005
AIMS Investment Objective and Strategy
Acuitas Small Cap Active ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Series Portfolios Trust.
Investment objective
The Acuitas Small Cap Active ETF (the Fund) seeks long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in small-capitalization companies. The Fund defines small-capitalization (small cap) companies as those companies with a market capitalization, at the time of initial investment, that is equal to or smaller than the largest company in the Russell 2000 Index. As of December 31, 2025, the largest company comprising the Russell 2000 Index was $31.15 billion. The Fund invests primarily in equity securities, which may include common stock, preferred stock, common and preferred stock of real estate investment trusts (REITs), exchange-traded funds (ETFs) consisting primarily of small cap equity securities, rights, warrants, publicly traded partnerships, and securities convertible into common stock.
The Fund pursues its investment objective using a multi-manager process, allocating assets among a carefully selected group of asset managers (the Model Portfolio Providers). The Adviser selects the Funds Model Portfolio Providers using its manager research and selection process, which seeks to identify Model Portfolio Providers whose securities suggested for inclusion in the Funds portfolio are likely to achieve outperformance over a long time horizon. The Model Portfolio Providers will create model portfolios tracking the Funds principal investment strategies and provide the recommended model portfolios at regular intervals, typically biweekly. The Adviser analyzes and evaluates each recommended model portfolio and determines the weighting of each portfolio and how any changes are implemented at the Fund level.
The Advisers dynamic Model Portfolio Provider selection process is research driven. The Adviser develops a strong fundamental and quantitative understanding of each potential Model Portfolio Providers investment strengths, the types of securities the Model Portfolio Provider is likely to invest in, and in what markets that Model Portfolio Provider would be likely to perform well or poorly. The Adviser may select Model Portfolio Providers that invest in any combination of value, growth, or core small cap investments in an effort to diversify the Funds portfolio while capitalizing on the underlying Model Portfolio Providers stock selection skills. The Advisers manager selection process also includes a comprehensive operational and compliance assessment of each Model Portfolio Provider. In selecting investments for the Fund, each Model Portfolio Provider may identify small cap companies across industries that are expected to benefit from long-term industry, general market, or company-specific trends.
Each Model Portfolio Provider may select securities based upon fundamental analysis of industries and the economic cycle, company-specific analysis such as product cycles and quality of management, rigorous valuation analysis, or a number of other criteria intended to help the Fund achieve its investment objective. The Fund may sell investments to secure gains, limit losses or reinvest in more promising investment opportunities that will, in the opinion of the Adviser, improve the long-term expected return of the Funds overall portfolio. The Fund is not limited by a fixed allocation of assets to equity securities of either growth or value companies and, depending on the economic environment and judgment of the Adviser and Model Portfolio Providers, may invest in either growth companies or value companies to the exclusion of the other.
In addition, the Fund may invest in ETFs in order to equitize cash balances if cash levels are unusually high and if no potential replacement securities have been identified for purchase in the short-term. ETFs will be selected based on their ability to offer specific market capitalization, sector and style exposure desired. The Adviser has responsibility for allocating Fund assets among Model Portfolio Providers in a manner that the Adviser believes will provide better risk/reward characteristics, fewer capacity constraints, and be able to most effectively exploit the return opportunities in inefficient equity markets. The Adviser may direct a Model Portfolio Provider to reduce or limit proposed investments in certain assets or asset classes to achieve the desired composition of the Funds portfolio.
The Adviser expects, at times, to engage in active and frequent trading with high portfolio turnover of the Funds portfolio investments to achieve the Funds investment objective. The Adviser expects annual portfolio turnover rate may, at times, exceed 100% of the average value of the Funds portfolio.
AIMS Holdings
Top 10 holdings of Acuitas Small Cap Active ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| PDF Solutions Inc | 2.31% |
| Ligand Pharmaceuticals Inc | 1.86% |
| First American Government Obli | 1.78% |
| Covenant Logistics Group Inc | 1.32% |
| Triumph Financial Inc | 1.23% |
| Preformed Line Products Co | 1.15% |
| Metropolitan Bank Holding Corp | 1.02% |
| Digi International Inc | 1.00% |
| UFP Technologies Inc | 0.99% |
| Kodiak Gas Services Inc | 0.96% |
AIMS Portfolio Allocation
Asset-class allocation of Acuitas Small Cap Active ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 1.8% |
AIMS Performance
Total returns for AIMS (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 17.72% |
AIMS Costs and Fees
AIMS costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
AIMS Cashflows
Over the 12 months to 2026-06, Acuitas Small Cap Active ETF had net inflows of $77.03M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$75.47K |
| 2026-05 | $8.57K |
| 2026-04 | $2.38K |
| 2026-03 | $13.56K |
| 2026-02 | $77.08M |
| 2026-01 | $0 |
AIMS Debt Constituents
No individual debt constituents are reported in Acuitas Small Cap Active ETF's latest SEC N-PORT filing.
AIMS Prospectus and SEC Filings
Official Acuitas Small Cap Active ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.