NPF Core Equity ETF
Data updated: 2026-09-28
C000263762 — NPF Core Equity ETF. United States Large Cap Blend / Core Equity · $649.84M AUM. Holdings, fees, performance and SEC filings.
C000263762 Fund Overview
NPF Core Equity ETF is a US ETF managed by Elevation Series Trust, categorised as United States Large 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: Elevation Series Trust
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $649.84M
- 1-year return: 11.0%
- SEC CIK: 0001936157
- SEC series ID: S000095135
- Share class ID: C000263762
C000263762 Investment Objective and Strategy
NPF Core Equity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Elevation Series Trust.
Investment objective
The investment objective of NPF Core Equity ETF (the Fund) is to provide long-term capital appreciation
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that aims to provide current income and long-term capital appreciation primarily through exposure to U.S. equity markets. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund defines equity securities as common stock, American Depositary Receipts (ADRs), and ETFs that primarily invest in any of the preceding. Most of the Funds investments are equity securities of U.S. companies, and the Fund may invest small, mid, and large cap companies. A company is considered a U.S. company if (i) the security is listed on a U.S. national securities exchange, (ii) the issuer is headquartered in the U.S., or (iii) the issuer derives a substantial portion of their revenues from, or has a substantial portion of its operations in, the U.S.
The Fund may also invest in equity securities of non-U.S. companies based on the advisers view of macroeconomic trends and forecasts. In constructing the Funds portfolio, the adviser employs a bottom-up selection process. The adviser conducts fundamental research and analysis on various aspects of a company including but not limited to its cash flows, balance sheet, capital allocation policies, competitive advantages, industry structure, and quality of management team. Suitable investments for the Fund are those the adviser believes have stable cash flows, strong balance sheets, disciplined capital allocation policies, durable competitive advantages, and high-quality management. Whether the adviser perceives a companys management as high-quality is a qualitative judgement examining factors such as compensation philosophy, track record in diverse macro environments, and governance policies, among others.
The adviser may evaluate a potential investment by reviewing publicly available filings and reports and/or interacting with management of a company. If a company exhibits suitable investment characteristics, the adviser examines whether the companys equity is selling at what it believes is a reasonable price relative to the advisers estimate of the companys intrinsic value. Ultimately, the security selection process is designed to result in a portfolio of what the adviser considers high-quality companies. In other words, the high quality companies in the portfolio are those the adviser believes trade a reasonable price relative to their intrinsic value and exhibit characteristics such as stable cash flows, strong balance sheets, disciplined capital allocation policies, durable competitive advantages, and high-quality management.
The adviser anticipates that the security selection process will identify approximately 30-75 companies for inclusion in the Funds portfolio, but the Fund may own fewer or more companies at the advisers discretion. The adviser regularly reviews each company in the Funds portfolio to confirm it remains a high-quality company. The Fund may decrease or increase its position in a company based on such evaluation. The Fund may also sell a security if its current market price exceeds the advisers estimate of the companys intrinsic value, or the quality of a company is less compelling than that of another company. Additionally, the adviser considers the Funds allocations to various sectors and industries when determining whether to increase or decrease positions. The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940, as amended.
C000263762 Holdings
Top 10 holdings of NPF Core Equity ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 9.99% |
| Alphabet Inc | 5.50% |
| Ball Corp | 4.73% |
| Applied Materials Inc | 4.41% |
| Tsmc | 3.69% |
| Amazon.com Inc | 3.69% |
| Danaher Corp | 3.57% |
| Berkshire Hathaway Inc CL B | 3.50% |
| NVIDIA Corp | 3.45% |
| Allison Transmission Holdings | 3.43% |
C000263762 Portfolio Allocation
Asset-class allocation of NPF Core Equity ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 0.5% |
C000263762 Performance
Total returns for C000263762 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.0% |
| 1 year | 11.0% |
C000263762 Risk Information
Risk metrics for C000263762, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.2%
C000263762 Costs and Fees
C000263762 costs about $40 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.40%
- Gross expense ratio: 0.40%
C000263762 Cashflows
Over the 12 months to 2026-07, NPF Core Equity ETF had net inflows of $293.67M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$2.19M |
| 2026-06 | $801.65K |
| 2026-05 | −$1.05M |
| 2026-04 | $767.81K |
| 2026-03 | $295.34M |
| 2026-02 | $0 |
C000263762 Debt Constituents
No individual debt constituents are reported in NPF Core Equity ETF's latest SEC N-PORT filing.
C000263762 Prospectus and SEC Filings
Official NPF Core Equity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Large 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.