SPXM Performance — Azoria 500 Meritocracy ETF
Data updated: 2026-01-28
In the 12 months to Nov 2025 the fund took in a net $28.0M, and assets reached $30.56M.
SPXM Growth of $100
What $100 invested in Azoria 500 Meritocracy ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | SPXM | Category average |
|---|---|---|
| Since data start (Jul 2025 – Nov 2025) | $107 | $108 |
SPXM Annual Returns
Calendar-year total returns of Azoria 500 Meritocracy ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jul–Nov) | +7.42% |
SPXM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | — | — | — | — | — | 0.0% | +1.8% | +3.3% | +1.9% | +0.2% | — |
SPXM Risk
Risk measures from monthly returns over Jul 2025 – Nov 2025.
- Best month: +3.28% (Sep 2025)
- Worst month: 0.00% (Jul 2025)
SPXM Fund Flows
Monthly money in and out of Azoria 500 Meritocracy ETF, from SEC Form N-PORT.
- 12-month net flow: $28.0M
- 12-month gross sales (incl. reinvestments): $34.4M
- Sales ÷ redemptions: 5.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Nov 2025 | $0 | $2.7M | −$2.7M |
| Oct 2025 | $0 | $2.1M | −$2.1M |
| Sep 2025 | $1.1M | $1.6M | −$515K |
| Aug 2025 | $5.1M | $0 | $5.1M |
| Jul 2025 | $28.2M | $0 | $28.2M |
SPXM Assets Under Management
Net assets of Azoria 500 Meritocracy ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-11-30 | $30.56M |
| 2025-08-31 | $34.17M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.