OPPX — Corbett Road Tactical Opportunity ETF

OPPX Fund Overview

OPPX — Corbett Road Tactical Opportunity ETF is a US ETF managed by Exchange Listed Funds 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: Exchange Listed Funds Trust
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $22.04M
• 1-year return: 5.3%
• Ticker: OPPX
• SEC CIK: 0001547950
• SEC series ID: S000070604
• Share class ID: C000224280

OPPX Investment Objective and Strategy

Corbett Road Tactical Opportunity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Listed Funds Trust.

Investment objective

The Corbett Road Tactical Opportunity ETF (the Fund) seeks to provide long-term total return.

Principal investment strategy

The Fund is an actively-managed exchange-traded fund (ETF) that, under normal market conditions, seeks to achieve its investment objective by investing in equity securities of companies listed on a U.S. securities exchange, including common stocks and American Depositary Receipts (ADRs), and equity ETFs that invest in such securities. During periods when the U.S. equity market is determined to be unfavorable by the Funds sub-adviser, Corbett Road Capital Management, LLC (the Sub-Adviser), the Fund may invest all or a portion of its assets in cash, cash equivalents, and fixed income ETFs. In order to determine the Funds allocation between (i) equity securities, including through equity ETFs, and (ii) cash, cash equivalents, and fixed income ETFs, the Sub-Adviser employs its proprietary MACROCAST TM scoring system.

On a periodic basis (at least monthly), the Sub-Adviser analyzes data across six broad categories of market indicatorsValuation, Inflation, Technical Analysis, Aggregate Economy, Liquidity, and Sentiment (VITALS)to quantify the current level of risk in overall market conditions into a composite, MACROCAST TM score. Based on the resulting score and its indications for future equity returns, the Sub-Adviser allocates the Funds assets to (i) U.S.-listed equity securities, (ii) cash, cash equivalents, and fixed income ETFs, or (iii) a combination of both. If the MACROCAST TM score is positive, the Fund will be fully allocated to U.S. listed equity securities. If the MACROCAST TM score is negative, the Fund will reduce its exposure to U.S. equity listed securities and increase its allocation to cash, cash equivalents, and fixed income ETFs.

The Funds strategy may involve frequent buying and selling of securities, which may lead to relatively high portfolio turnover. The equity securities held by the Fund will generally be classified as core or opportunistic holdings. Core stocks are typically large-cap companies (greater than $10 billion in market cap), with consistent revenue growth and sustainable earnings. Opportunistic stocks may be of any market cap and typically comprise companies that the Sub-Adviser believes have the potential to perform favorably under current market conditions. The fixed income ETFs held by the Fund will primarily invest in Treasury bonds, bills and notes, and cash or cash equivalents. These fixed income ETFs may focus on bonds of any maturity and will vary depending on the Sub-Advisers market outlook.

The Fund is a non-diversified investment company under the Investment Company Act of 1940 (the 1940 Act) and, therefore, may invest a greater percentage of its assets in a particular issuer than a diversified fund.

OPPX Holdings

Top 10 holdings of Corbett Road Tactical Opportunity ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all OPPX holdings

OPPX Portfolio Allocation

Asset-class allocation of Corbett Road Tactical Opportunity ETF by percentage of net assets, from the latest SEC N-PORT filing.

OPPX Performance

Total returns for OPPX (as of 2026-10-01), from SEC filings.

OPPX Risk Information

Risk metrics for OPPX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.6%

OPPX Costs and Fees

OPPX costs about $78 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.78%
• Gross expense ratio: 0.78%
• Portfolio turnover: 123%
• Brokerage commissions: 1.24 bps of average net assets (SEC N-CEN)

OPPX Cashflows

Over the 12 months to 2023-11, Corbett Road Tactical Opportunity ETF had net inflows of $22.95M, from monthly SEC N-PORT filings.

OPPX Debt Constituents

No individual debt constituents are reported in Corbett Road Tactical Opportunity ETF's latest SEC N-PORT filing.

OPPX Prospectus and SEC Filings

Official Corbett Road Tactical Opportunity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-03-31
• Prospectus (485BPOS) — filed 2021-02-19
• Prospectus supplement (497) — filed 2022-04-07
• Portfolio holdings (N-PORT) — filed 2024-01-23
• Portfolio holdings (N-PORT) — filed 2023-10-27
• Portfolio holdings (N-PORT) — filed 2023-07-24
• Annual census (N-CEN) — filed 2023-02-06
• Annual census (N-CEN) — filed 2022-02-02

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.