XXSP — Subversive S&P 500 Redacted ETF

XXSP Fund Overview

XXSP — Subversive S&P 500 Redacted ETF is a US ETF managed by Tidal Trust I, categorised as 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: Tidal Trust I
• Category: Blend / Core Equity
• Ticker: XXSP
• SEC CIK: 0001742912
• SEC series ID: S000109191
• Share class ID: C000280290

XXSP Investment Objective and Strategy

Subversive S&P 500 Redacted ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust I.

Investment objective

The Subversive S&P 500 Redacted ETF (the “Fund”) seeks capital appreciation.

Principal investment strategy

The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to provide capital appreciation through exposure to a broad universe of large-capitalization U.S. equity securities, while excluding the equity securities of companies that are founded, controlled, or led by Elon Musk, or with which Mr. Musk is otherwise primarily associated. The Adviser believes that the exclusion of companies associated with Mr. Musk will potentially appeal to investors who may view as less desirable the potential corporate governance concerns, political risks, and heightened share-price volatility often tied to Musk-associated companies, while offering comparable large-capitalization U.S. equity exposure. Under normal circumstances, the Fund will invest at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in a portfolio consisting of exposure to the equity securities of the companies included in the S&P 500 Index, other than the equity securities of the Excluded Enterprises (defined below).

The S&P 500 Index includes approximately 500 of the largest U.S. companies listed on U.S. stock exchanges based on market capitalization. The “Excluded Enterprises” are identified by the Adviser using an actively managed process designed to determine whether a company is founded, controlled, or led by Mr. Musk, or with which Mr. Musk is otherwise primarily associated, including any company for which Mr. Musk serves, directly or indirectly, as a founder, chief executive officer, or controlling shareholder. This determination applies both to companies presently included in the S&P 500 Index and to any such company that may become eligible for inclusion, whether through a future public listing or, in the case of an already-public company, upon satisfying the S&P 500 Index’s eligibility criteria.

As of the date of this Prospectus, the only Excluded Enterprise included in the S&P 500 Index is Tesla, Inc. (TSLA). Space Exploration Technologies C

XXSP Costs and Fees

XXSP costs about $30 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.30%
• Gross expense ratio: 0.55%

XXSP Debt Constituents

No individual debt constituents are reported in Subversive S&P 500 Redacted ETF's latest SEC N-PORT filing.

XXSP Prospectus and SEC Filings

Official Subversive S&P 500 Redacted ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-30

Related Funds

Other Blend / Core Equity funds tracked on ABC INVEST:

• Redwood Activist Leaders Fund (RWLIX)
• Patriot Fund (TRFAX)
• ARK Transparency ETF (CTRU)
• The De-SPAC ETF (DSPC)
• Franklin FTSE Russia ETF (FLRU)

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.