TXSS — Texas Capital Texas Small Cap Equity Index ETF

TXSS Fund Overview

TXSS — Texas Capital Texas Small Cap Equity Index ETF is a US ETF managed by Texas Capital Funds 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: Texas Capital Funds Trust
• Category: United States Small Cap Blend / Core Equity
• Assets under management: $10.64M
• 1-year return: 2.4%
• Ticker: TXSS
• SEC CIK: 0001972459
• SEC series ID: S000083462
• Share class ID: C000247108

TXSS Investment Objective and Strategy

Texas Capital Texas Small Cap Equity Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Texas Capital Funds Trust.

Investment objective

Texas Capital Texas Small Cap Equity Index ETF (the ?Texas Small Cap Equity Index ETF? or the ?Fund?) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Texas Capital Texas Small Cap Equity Index (the ?Texas Small Cap Index? or the ?Index?).

Principal investment strategy

The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The Fund is an exchange-traded fund (?ETF?) that employs a passive management or indexing investment approach designed to track the total return performance, before fees and expenses, of the Index. The Adviser believes that companies headquartered in Texas, including small-capitalization companies, enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. In the Adviser?s view, the strong business environment in the State of Texas is demonstrated by, among other things, its infrastructure spending and resources, relatively low cost of conducting business, export data, and third-party rankings and recognitions.

In addition, the Texas economy is large and diverse. To represent the economic diversity of the State of Texas, the Index will use sector weightings corresponding to the industry contributions to the State of Texas Gross Domestic Product (?GDP?) as reported for the private sector by the U.S. Bureau of Economic Analysis. Within each sector allocation, the Index will use market-capitalization weightings to represent the public companies headquartered in the State of Texas operating within the identified sector. The Adviser believes that the Fund offers a cost-effective opportunity to invest directly in small-capitalization companies that benefit from the economic environment in Texas. The Fund seeks to invest in the Index components in approximately the same weighting that such components have within the Index at the applicable time.

The Fund may purchase a sample of securities in its Index. There may also be instances in which the Adviser may choose to underweight or overweight a security in the Fund?s Index, purchase securities not in the Fund?s Index that the Adviser believes are appropriate to substitute for certain securities in such Index or utilize various combinations of other available investment techniques. The Fund may concentrate its investments (i.e., hold more than 25% of its assets) in a particular industry or group of industries to the extent that the Index is concentrated. The degree to which components of the Index represent certain sectors or industries may change over time. INFORMATION ABOUT THE INDEX The Index is a diversified, float-adjusted sector and, market-capitalization weighted index designed to reflect the performance primarily of stocks in small-capitalization companies that are headquartered in Texas, as reflected in relevant federal and state regulatory filings.

Small-capitalization companies for purposes of the Index are those that have a capitalization smaller than the 800th largest company in the Index universe by market capitalization. As of March 31, 2025, the market capitalization of companies within the Index ranged from approximately $47 million to $15 billion. The Index is the intellectual property of Texas Capital. The creation, construction and maintenance of the Index is provided by Syntax (?Index Provider?), a separate company with separate personnel that is unaffiliated with Texas Capital. As of March 31, 2025, the key business sectors that are included in the Index include consumer discretionary; energy; healthcare; industrials; and real estate. Construction of the Index starts with an initial universe of the publicly traded U.S. equity securities issuers that are headquartered in Texas and are listed on either the New York Stock Exchange, the Nasdaq Stock Market (each, an ?Eligible U.S.

Exchange?) or both, and that meet the following criteria: ? The listed entity is not one of the largest 800 in the Index universe by market capitalization. ? The listed entity files a US-entity SEC form (e.g., Form 10-K, Form 10-Q, Form S-1) and its most recent SEC filing designates the headquarters of the listed entity as Texas. ? The listed entity?s financials as reported in its accounting statements are denominated in US Dollars (?USD?). ? The listed entity is a corporation, where a real estate investment trust (?REIT?) qualifies as a corporation. ? The listed shares are common stock. ? Trades of the listed shares are denominated in USD. ? Payments of the listed shares? cash dividends are denominated in USD. The composition of the Index is then further defined by the following parameters: Minimum Average Daily Trading Volume (?ADTV?) The issuer must have a minimum ADTV of $1 million over the trailing 90-day period.

Minimum Market Capitalization The issuer must have a minimum market capitalization of $100 million. Market Capitalization is based on the total value of all of an issuer?s shares of stock. Minimum Free Float Market Capitalization The issuer also must have a minimum free float market capitalization of $100 million. The difference between market capitalization and free float market capitalization is that market capitalization considers the total number of an issuers outstanding shares while the free float market capitalization considers only those shares that are actually available to the general public for trading. Weighting The weighting of issuers in the Index will be determined based on free float capitalization and will be neutral to sector weightings under the North American Industry Classification System (?NAICS?) (1) corresponding to the industry contributions to the State of Texas GDP as reported for the private sector by the U.S.

Bureau of Economic Analysis. The minimum single security weight in the Index will be 0.05%. The maximum single security weight will be 10%. In addition, the largest 801-1000 companies in the Index universe will have a maximum aggregate weight in the Index of 20% at each index rebalancing. Reconstitution and Rebalancing The Index will be reconstituted and rebalanced quarterly, with index composition and related weight adjustments taken as necessary following extraordinary events (such as delisting, bankruptcy, mergers or takeovers of index components, stock splits, consolidations, or other corporate actions). (1) The NAICS is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S.

business economy. NAICS uses a production-oriented conceptual framework to group establishments into industries based on the activity in which they are primarily engaged. NAICS uses a six-digit hierarchical coding system to classify all economic activity into twenty industry sectors, five of which are primarily goods-producing sectors and fifteen are entirely services-providing sectors. As of March 31, 2025, the Index included 176 publicly listed, Texas headquartered companies. The rules and methodologies of the Index are set forth in the Texas Capital Texas Equity Small Cap Index Methodology.

TXSS Holdings

Top 10 holdings of Texas Capital Texas Small Cap Equity Index ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all TXSS holdings

TXSS Portfolio Allocation

Asset-class allocation of Texas Capital Texas Small Cap Equity Index ETF by percentage of net assets, from the latest SEC N-PORT filing.

TXSS Performance

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

TXSS Risk Information

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

• 1-year volatility (annualised): 20.7%

TXSS Costs and Fees

TXSS costs about $49 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.49%
• Gross expense ratio: 0.49%
• Portfolio turnover: 13%
• Brokerage commissions: 1.92 bps of average net assets (SEC N-CEN)

TXSS Cashflows

Over the 12 months to 2025-09, Texas Capital Texas Small Cap Equity Index ETF had net outflows of $2.95M, from monthly SEC N-PORT filings.

TXSS Debt Constituents

No individual debt constituents are reported in Texas Capital Texas Small Cap Equity Index ETF's latest SEC N-PORT filing.

TXSS Prospectus and SEC Filings

Official Texas Capital Texas Small Cap Equity Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-04-30
• Prospectus (485BPOS) — filed 2024-04-29
• Prospectus (485BPOS) — filed 2023-12-18
• Portfolio holdings (N-PORT) — filed 2025-11-28
• Portfolio holdings (N-PORT) — filed 2025-08-26
• Portfolio holdings (N-PORT) — filed 2025-05-29
• Annual census (N-CEN) — filed 2025-03-14
• Annual census (N-CEN) — filed 2024-03-15

Related Funds

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

• iShares Core S&P Small-Cap ETF (IJR)
• iShares Russell 2000 ETF (IWM)
• Fidelity Small Cap Index Fund (FSSNX)
• Schwab U.S. Small-Cap ETF (SCHA)
• U.s. Small Cap Portfolio (DFSTX)

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.