OALC

OALC

OneAscent Large Cap Core ETF

OneAscent Large Cap Core ETF (OALC) seeks capital appreciation by investing in a broad group of large-cap U.S. companies similar to the S&P 500 after applying the OneAscent Elevate screening process.

Key Uniques:

1

Diversified Core U.S. Equity Exposure

OALC is constructed to be a core holding for equity portfolios by providing diversified access to U.S. large cap companies.
2

Index-Based Portfolio

OALC seeks to provide index-like returns by investing in a portfolio optimized to perform similar to the S&P 500.
3

Values-Aligned for Kingdom Impact

OALC uses a proprietary screening process to elevate companies that align with faith-based principles and positively impact the world.
Fund Details As of 10/02/2026
TickerOALC
CUSIP90470L527
Inception Date11/15/21
Net Assets$267,726,406.71
Gross Expense Ratio0.58%
Net Expense Ratio0.49%
Primary ExchangeNYSE Arca
Distribution FrequencyAnnually
Shares Outstanding6,450,000
Fund Price As of 10/02/2026
NAV$41.51
Market Price$41.54
30-Day Median Bid/Ask Spread0.22%
Premium/Discount0.07%
×
Historical Premium/Discount
The table above shows the number of days the fund traded at a premium or discount to its NAV. A premium occurs when the market price is higher than the NAV, while a discount occurs when the market price is lower.
30-Day Median Bid/Ask Spread gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

Premium Discount is the amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Investment Process

Target Index

The S&P 500 is a large-cap indexof U.S. based companies and serves as a core component in many investment portfolios

Eliminate Screening

The components of the target index that do not pass OneAscent's Eliminate screening process are removed from the investable universe.

Optimization

We seek to optimize the remaining investable universe with the goal of minimizing tracking error to the target index.
A low-cost, values-aligned, core portfolio of U.S. large cap companies
The investable universe is defined as U.S. Companies with a market capitalization greater than $5 billion at the time of initial purchase.

Performance

Trailing Returns

Performance as of 09/30/2026

3 Month YTD 1 Year 3 Year Since Inception
OneAscent Large Cap Core ETF (Price) 0.24% 16.02% 18.87% 22.96% 11.24%
OneAscent Large Cap Core ETF (NAV) 0.10% 15.99% 18.67% 22.90% 11.20%
S&P 500 Index TR 2.30% 12.75% 15.74% 22.89% 12.20%

Fund NAV represents the closing price of underlying securities. Closing Market Price is calculated using the price which investors buy and sell ETF shares in the market. The Closing Market Price returns in the table were calculated using the closing price and account for distributions from the funds.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance current to the most recent month end, please call 1-800-222-8274.

The total fund operating expense is 0.58%. The Fund’s advisor has contractually agreed to waive its management fee and/or reimburse the Fund’s other expenses in order to limit total operating expenses to 0.49% through December 31, 2026.

Source: Morningstar Direct

Elevate Stories

When a company elevates every single person and every square inch, they create stories worth sharing. Below are examples from this fund.

NVIDIA Corp.

Nearly half of U.S. women do not qualify for FMLA.¹
Birth mothers employed at NVIDIA are entitled to at least 22 weeks of fully paid leave, while non-birth parents may take up to 12 weeks of fully paid leave. This kind of policy is proven to create stronger families while increasing employee retention and satisfaction.
Learn More
graduation cap icon

Microsoft Coproration

Small businesses and underserved communities often lack access to enterprise-grade technology, creating a digital divide that limits economic participation and educational opportunity.²
Microsoft elevates society by democratizing access to cloud computing and AI tools that empower businesses and individuals worldwide. Microsoft provides cloud computing (Azure), productivity software (Office 365), and AI tools (Copilot) that enable organizations of all sizes to digitize operations and access world-class technology affordably. With 15 million paid Copilot seats and Azure growing 38%, Microsoft is embedding AI across the global economy, bridging the technology gap for millions.
Learn More

Amazon.com Inc

Millions of small businesses lack the logistics infrastructure and technology platforms to compete in the modern economy, while consumers in rural areas face limited access to affordable goods.³
Amazon elevates society by making commerce accessible and affordable while powering critical cloud infrastructure for organizations worldwide. Amazon connects over 2 million third-party sellers with hundreds of millions of customers, providing small businesses a global storefront. AWS powers critical cloud infrastructure for startups, governments, and enterprises, enabling digital transformation at scale. Amazon Prime delivers affordable same-day shipping to thousands of cities, democratizing access to goods that were once available only in major metro areas.
Learn More

Micron Technology Inc

The AI revolution demands exponentially more memory capacity, yet global semiconductor supply chains remain concentrated and vulnerable.⁴
MICRON elevates society by manufacturing the memory chips that power AI breakthroughs and modern computing. Micron’s DRAM and high-bandwidth memory chips are critical components in data centers, enabling the AI models that advance scientific research, healthcare diagnostics, and educational technology platforms. As one of only three global DRAM producers supplying over 90% of the market, Micron’s US-based manufacturing — supported by government incentives for domestic chip production — strengthens national technology infrastructure and creates high-skilled jobs.
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Eli Lilly & Co

Chronic diseases like diabetes and obesity affect over 1 billion people globally, while Alzheimer's disease impacts 55 million, with limited effective treatments available for patients and families.
Eli Lilly elevates society by pioneering breakthrough therapies for diabetes, obesity, and Alzheimer's disease. Lilly's Mounjaro and Zepbound are transforming treatment for over 800 million people worldwide living with obesity and diabetes, while Kisunla offers hope for Alzheimer's patients with few existing options. Lilly invests over 20% of revenue in R&D, well above industry average, fueling one of the strongest drug pipelines in biopharma and bringing life-changing medicines to patients and families faster.
Learn More

Allocations as of 10/2/2026

Sector Allocation
As a percent of net assets. Portfolio Holdings are subject to change and should not be considered investment advice. Current and future portfolio holdings are subject to risk.

Documents

Summary Prospectus
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Prospectus
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SAI
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Semi-Annual Report
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Annual Report
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Fact Sheet
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Quarterly Holdings
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Form N-PX
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N-CSR
Semi-Annual
Annual

Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 1-800-222-8274 or clicking the link above. The fund is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with OneAscent Investment Solutions, LLC.

Important Risk Information:
Exchange-traded funds involve risk including the possible loss of principal. Past performance does not guarantee future results.

The Adviser invests in equity securities only if they meet both the Fund’s investment and values-based screening requirements, and as such, the returns may be lower than if the Adviser made decisions based solely on investment considerations.

Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion.

The Fund faces numerous market trading risks, including the potential lack of an active market for Fund sharers, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption process of the Fund. These factors may lead to the Fund’s shares trading at a premium or discount to NAV.

Additional risks are included in the Fund prospectus.

1Source: NVIDIA AI Platforms for Healthcare and Life Sciences
2Source: Digital and AI | World Bank Group
3Source: Amazon’s Impact | About Amazon
4Source: CHIPS Act Fact Sheet – Semiconductor Industry Association
5Source: Noncommunicable diseases progress monitor 2025