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The Frontier Economic Fund

Investment Objectives

The Frontier Economic Fund seeks to track the performance of The Alaska Last Frontier Index, a rules-based strategy index designed by Vident to capture the economic footprint of companies with meaningful exposure to the State of Alaska. The Index identifies and emphasizes firms doing business in Alaska including natural resource utilization, economic development, operational presence, and participation in state-sponsored initiatives. By tracking this Index, the Fund aims to provide investors with targeted exposure to companies that contribute to and benefit from Alaska’s unique economic landscape, emphasizing those with the greatest alignment to the state’s growth and opportunity.

Invest In AKAF

Fund Details

07/03/2025

Fund Details
AKAF
CUSIP
268961703
Net Assets
$1,053,798.61
Total Fund Annual Operating Expenses
0.20%
Inception Date
6/25/2025
Shares Outstanding
40,000.00
Distribution Frequency
Quarterly
30-Day SEC Yield (as of 6/25/2025)
30-Day SEC Yield
-
12 Month Distribution Yield
-
Market Price
$26.43
NAV
$26.35
Premium/Discount
0.31%
30-Day Median Bid-Ask Spread
0.19%
Distribution Calendar

Factors

TRUE TO ALASKA

A rules-based gateway to companies driving the economic engine of the 49th State.

 

ACCESS

A powerful tool for retail & institutional investors seeking Alaska exposure.

 

GROWTH POTENTIAL

Targets companies participating in long-term value creation in the state.

 

ALIGNMENT


Supports Alaska’s economic vision and the companies helping to fulfill it.

Performance

Premium Discount Chart
index Month End Performance (As of 06/30/2025) AKAF Nav Returns AKAF Market Price Returns
0Cumulative
11 Month 0.00%
23 Month 0.00%
3Year To Date 0.00%
4Since Inception* 2.27%
5Average Annual
61 Year 0.00%
73 Year 0.00%
85 Year 0.00%
910 Year 0.00%
10Since Inception* 0.00%
index Quarter End Performance (As of 6/25/2025) AKAF Nav Returns AKAF Market Price Returns
0Cumulative
1Quarter - -
2Year To Date - -
3Since Inception* - -
4Average Annual
51 Year - -
63 Year - -
75 Year - -
810 Year - -
9Since Inception* - -

*Fund Inception Date: 6/25/2025

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Short term performance is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

ETF Holdings

As of DATE

index Name Ticker CUSIP or Other Identifier Weight Shares
0Royal Caribbean Cruises Ltd RCL V7780T103 2.79% 88
1Uber Technologies Inc UBER 90353T100 2.49% 280
2DoorDash Inc DASH 25809K105 2.45% 108
3General Electric Co GE 369604301 2.43% 104
4Exxon Mobil Corp XOM 30231G102 2.04% 192
5Kinross Gold Corp K CN B03Z841 1.98% 1,312
6ConocoPhillips COP 20825C104 1.92% 216
7FedEx Corp FDX 31428X106 1.83% 80
8United Parcel Service Inc UPS 911312106 1.78% 180
9Carnival Corp CCL 143658300 1.67% 588
10Santos Ltd STO AU 6776703 1.66% 3,452
11Agnico Eagle Mines Ltd AEM CN 2009823 1.64% 144
12DSV A/S DSV DC B1WT5G2 1.64% 72
13Barrick Mining Corp ABX CN BNM23Q1 1.61% 792
14Northern Star Resources Ltd NST AU 6717456 1.54% 1,336
15Repsol SA REP SM 5669354 1.51% 1,096
16XPO Inc XPO 983793100 1.45% 116
17Nippon Yusen KK 9101 JP 6643960 1.36% 400
18Teck Resources Ltd TECK 878742204 1.35% 348
19Baker Hughes Co BKR 05722G100 1.20% 320
20United Airlines Holdings Inc UAL 910047109 1.19% 152
21COEUR MINING INC. CDE 192108504 1.18% 1,368
22Schlumberger NV SLB 806857108 1.15% 340
23Delta Air Lines Inc DAL 247361702 1.14% 236
24Halliburton Co HAL 406216101 1.10% 540
25Novagold Resources Inc NG 66987E206 1.01% 2,348
26Oracle Corp ORCL 68389X105 0.99% 44
27Air Canada AC CN BSDHYK1 0.92% 604
28HCA Healthcare Inc HCA 40412C101 0.86% 24
29Trane Technologies PLC TT G8994E103 0.83% 20
30Boeing Co/The BA 097023105 0.82% 40
31McKesson Corp MCK 58155Q103 0.82% 12
32Emerson Electric Co EMR 291011104 0.80% 60
33Hecla Mining Co HL 422704106 0.79% 1,376
34General Dynamics Corp GD 369550108 0.78% 28
35International Business Machines Corp IBM 459200101 0.78% 28
36Northrop Grumman Corp NOC 666807102 0.77% 16
37ANA Holdings Inc 9202 JP 6014908 0.76% 400
38Microsoft Corp MSFT 594918104 0.76% 16
39Costco Wholesale Corp COST 22160K105 0.75% 8
40Cisco Systems Inc CSCO 17275R102 0.74% 112
41SkyWest Inc SKYW 830879102 0.74% 72
42Hilton Worldwide Holdings Inc HLT 43300A203 0.73% 28
43Honeywell International Inc HON 438516106 0.73% 32
44Wells Fargo & Co WFC 949746101 0.73% 92
45Walt Disney Co/The DIS 254687106 0.71% 60
46Lockheed Martin Corp LMT 539830109 0.70% 16
47CVS Health Corp CVS 126650100 0.69% 108
48Verizon Communications Inc VZ 92343V104 0.69% 168
49Amazon.com Inc AMZN 023135106 0.68% 32
50Alphabet Inc GOOGL 02079K305 0.68% 40
51Coca-Cola Co/The KO 191216100 0.68% 100
52TFI INTERNATIONAL INC TFII CN BDRXBF4 0.68% 76
53Airbnb Inc ABNB 009066101 0.67% 52
54McDonald's Corp MCD 580135101 0.67% 24
55Sherwin-Williams Co/The SHW 824348106 0.67% 20
56Walmart Inc WMT 931142103 0.67% 72
57O'Reilly Automotive Inc ORLY 67103H107 0.66% 76
58Motorola Solutions Inc MSI 620076307 0.65% 16
59Norwegian Cruise Line Holdings Ltd NCLH G66721104 0.65% 312
60South32 Ltd S32 AU BWSW5D9 0.65% 3,252
61APA Corp APA 03743Q108 0.64% 344
62Marriott International Inc/MD MAR 571903202 0.64% 24
63Republic Services Inc RSG 760759100 0.64% 28
64PepsiCo Inc PEP 713448108 0.62% 48
65Lowe's Cos Inc LOW 548661107 0.61% 28
66United Rentals Inc URI 911363109 0.60% 8
67Core Laboratories Inc CLB 21867A105 0.59% 484
68Ferguson Enterprises Inc FERG 31488V107 0.59% 28
69L3Harris Technologies Inc LHX 502431109 0.58% 24
70Apple Inc AAPL 037833100 0.57% 28
71Marsh & McLennan Cos Inc MMC 571748102 0.57% 28
72Ford Motor Co F 345370860 0.56% 500
73Home Depot Inc/The HD 437076102 0.56% 16
74Leidos Holdings Inc LDOS 525327102 0.56% 36
75American Airlines Group Inc AAL 02376R102 0.55% 492
76Knife River Corp KNF 498894104 0.55% 72
77Starbucks Corp SBUX 855244109 0.54% 60
78ULTA BEAUTY INC ULTA 90384S303 0.54% 12
79WSP Global Inc WSP CN BHR3R21 0.54% 28
80Kawasaki Kisen Kaisha Ltd 9107 JP 6484686 0.53% 400
81AECOM ACM 00766T100 0.53% 48
82Liberty Broadband Corp LBRDK 530307305 0.53% 56
83Matson Inc MATX 57686G105 0.52% 48
84Nabors Industries Ltd NBR G6359F137 0.52% 176
85Fastenal Co FAST 311900104 0.51% 124
86Expro Group Holdings NV XPRO N3144W105 0.51% 592
87Darden Restaurants Inc DRI 237194105 0.50% 24
88Labcorp Holdings Inc LH 504922105 0.50% 20
89General Motors Co GM 37045V100 0.48% 96
90KeyCorp KEY 493267108 0.48% 276
91Kroger Co/The KR 501044101 0.48% 72
92Albertsons Cos Inc ACI 013091103 0.47% 224
93Alaska Air Group Inc ALK 011659109 0.47% 96
94Sysco Corp SYY 871829107 0.47% 64
95Constellation Brands Inc STZ 21036P108 0.46% 28
96Yum! Brands Inc YUM 988498101 0.46% 32
97Booz Allen Hamilton Holding Corp BAH 099502106 0.45% 44
98Jacobs Solutions Inc J 46982L108 0.45% 36
99GameStop Corp GME 36467W109 0.42% 188
100Ameriprise Financial Inc AMP 03076C106 0.41% 8
101Bombardier Inc BBD/B CN BN33PL2 0.41% 40
102Viasat Inc VSAT 92552V100 0.41% 268
103Waste Connections Inc WCN CN BYQFRK5 0.41% 24
104WW Grainger Inc GWW 384802104 0.40% 4
105U-Haul Holding Co UHAL 023586100 0.40% 68
106Builders FirstSource Inc BLDR 12008R107 0.39% 32
107Hertz Global Holdings Inc HTZ 42806J700 0.39% 564
108Target Corp TGT 87612E106 0.39% 40
109AutoZone Inc AZO 053332102 0.36% 1
110Best Buy Co Inc BBY 086516101 0.36% 52
111Domino's Pizza Inc DPZ 25754A201 0.34% 8
112Northern Dynasty Minerals Ltd NAK 66510M204 0.33% 2,500
113Stantec Inc STN CN 2854238 0.29% 28
114Yamaha Motor Co Ltd 7272 JP 6985264 0.28% 400
115Lululemon Athletica Inc LULU 550021109 0.28% 12
116Tetra Tech Inc TTEK 88162G103 0.28% 80
117Buckle Inc/The BKE 118440106 0.27% 60
118Lithia Motors Inc LAD 536797103 0.27% 8
119Canada Goose Holdings Inc GOOS CN BF0B2F6 0.26% 224
120Globalstar Inc GSAT 378973507 0.26% 108
121Northrim BanCorp Inc NRIM 666762109 0.26% 28
122North West Co Inc/The NWC CN BZ3FZR8 0.24% 72
123Walgreens Boots Alliance Inc WBA 931427108 0.24% 220
124H&R Block Inc HRB 093671105 0.23% 44
125Iridium Communications Inc IRDM 46269C102 0.23% 76
126Harley-Davidson Inc HOG 412822108 0.22% 92
127MDU Resources Group Inc MDU 552690109 0.22% 136
128Universal Health Services Inc UHS 913903100 0.21% 12
129Choice Hotels International Inc CHH 169905106 0.20% 16
130Denny's Corp DENN 24869P104 0.20% 472
131Pursuit Attractions and Hospitality Inc PRSU 92552R406 0.18% 60
132Pantheon Resources PLC PANR LN B125SX8 0.15% 4,712
133Major Drilling Group International Inc MDI CN 2557515 0.12% 192
134GoldMining Inc GLDG 38149E101 0.09% 1,280
135Cash & Other Cash&Other Cash&Other 0.08% 891
136Freegold Ventures Ltd FVL CN 2981631 0.06% 740
137First American Government Obligations Fund 12/01/2031 FGXXX 31846V336 0.05% 516
138Trilogy Metals Inc TMQ 89621C105 0.03% 260

ETF holdings and allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Premium Discount Chart - {{ fundTicker }}

index Calendar Year 2024 First Quarter 2025 Second Quarter 2025 Third Quarter 2025 Forth Quarter 2025
0Days traded at premium 0 0 3 3 0
1Days traded at NAV 0 0 0 0 0
2Days traded at discount 0 0 1 0 0

This information shows differences between the per share net asset value (NAV) of the ETF and the market price of shares. The market price is the closing price on the exchange where ETF shares are listed. Shareholders may pay more than net asset value when they buy ETF shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.

Sector Breakdown

As of DATE

index Name Weight
0Information Technology -
1Financials -
2Consumer Discretionary -
3Industrials -
4Health Care -
5Communication Services -
6Consumer Staples -
7Energy -
8Materials -
9Utilities -
10Real Estate -
11Money Market Deposit Account -

Fund Literature

Fund Literature

1125 Sanctuary Parkway, Suite 515, Alpharetta, GA 30009

404.267.1501

Vident does not guarantee the performance or success of any product, investment services or investment idea or the limitation of risk. Investment objectives, risks and potential outcomes are particular to the facts and circumstances then present. Vident makes no guarantee or representation that The Frontier Economic Fund, any fund holding, the index, or any index constituent (current or future) will have a positive effect on the Alaskan economy.

When contacting Vident via this website, you should not include any proprietary, confidential, or material non-public information in your message. While measures are taken to ensure the privacy of your communication, Vident cannot guarantee its privacy.  

Carefully consider The Frontier Economic Fund’s (the “Fund”) investment objectives, risk factors, and expenses before investing. To obtain the prospectus, download it here or call 800-617-0004. Please read it carefully before investing.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance many be higher or lower than that quoted. Short term performance is not a good indication of the Fund’s future performance, and an investment should not be made solely based on returns.

Investing involves risk, including the risk of loss of principal. The Fund has the same risks as the underlying securities traded o the exchange throughout the day at market price. Redemptions are limited and often commissions are charged on each trade. The Fund invests in securities of large capitalization companies traded in the United States and in other developed markets. The Fund invests in the securities included in, or representative of its index regardless of their investment merits. The Fund is not actively managed an its performance may be adversely affected by a general decline in market segments related to its index. The Fund may invest a significant portion of its assets in the securities of companies of a particular sector of the economy therefore its performance will be especially sensitive to developments that significantly affect those sectors.

Investor shares are bought and sold at market price (not net asset value or NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the Fund. Ordinary brokerage commissions may apply.

The Fund’s investment adviser is Vident Asset Management. Vident Asset Management owns the index that underlies the Fund. The Fund is distributed by ALPS Distributors, Inc. ALPS is not affiliated with Vident Asset Management.

Distribution History

As of DATE

index Ex-Dividend Date Income ST Cap Gains MD Cap Gains LT Cap Gains
004/20/2025