At a glance
AOTG charges 0.75% a year. It has $104.8M in assets. Over the past year it returned +7.8% with distributions reinvested (S&P 500: +11.5%); over three years it returned +32.2% a year. Its ten largest positions make up 64.5% of the fund, out of 43 in all.
The short version
AOT Growth and Innovation ETF (AOTG) is an actively managed fund. It picks 40 to 90 US-listed growth stocks of companies that its sub-adviser, AOT Invest, believes can sell more without their costs rising much. It is far more concentrated than most stock funds: as of August 31, 2026, its ten largest holdings made up about 65% of assets, led by the chip makers AMD, NVIDIA and Micron. It charges 0.75% a year and pays no regular income.
Price history
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AOTG +7.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| AOTG official prospectus, to Dec 31, 2025 | — | +25.20% | — | — | — | +25.79% |
| AOTG price data to Oct 27, 2026 | +13.0% | +7.8% | +32.2% | — | — | +25.1% |
- Over the year to Oct 27, 2026, AOTG returned +7.8%.
- Its worst full calendar year was 2025 (+25.3%); its best was 2023 (+54.6%).
- The deepest fall in its price history was 31.6% (Aug 16, 2022 to Nov 9, 2022), recovered by Jun 6, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +13.0% | — |
| 2025 | +25.3% | +25.20% |
| 2024 | +32.2% | +32.42% |
| 2023 | +54.6% | +54.28% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
What's inside
As of Aug 31, 2026, the fund held 43 securities; the ten largest made up 64.52% of assets.
| Holding | Weight | |
|---|---|---|
| Advanced Micro Devices Inc | 12.32% | |
| NVIDIA Corp | 10.94% | |
| Micron Technology Inc | 10.16% | |
| Taiwan Semiconductor Manufacturing Co Ltd | 6.72% | |
| Toast Inc | 4.61% | |
| Microsoft Corp | 4.49% | |
| Amazon.com Inc | 4.22% | |
| Alphabet Inc | 3.92% | |
| Salesforce Inc | 3.73% | |
| Sandisk Corp | 3.41% | |
| Alphabet Inc | 3.09% | |
| Robinhood Markets Inc | 2.95% | |
| NU Holdings Ltd/Cayman Islands | 2.95% | |
| AppLovin Corp | 2.70% | |
| Shopify Inc | 2.47% |
By country
United States 84.41%Taiwan 6.72%Cayman Islands 4.5%Canada 2.47%South Korea 1.53%By asset type
Stocks 99.77%By sector
Sectors of the companies held, for the 75.4% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $70K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.32%, -6.97%, +7.02%.
How it works
AOTG does not track an index. Its sub-adviser, AOT Invest LLC, picks stocks around one idea: the "low marginal cost" business. That means a company that can deliver more of its product without its costs rising much. Software sold online is the classic case. The prospectus says the idea can reach further, for example to an insurer that uses technology to write more policies cheaply.
The starting pool is US-listed stocks and American Depositary Receipts (ADRs, which are US-traded shares of foreign companies) worth at least $800 million. REITs and business development companies are excluded. The manager first chooses sectors suited to low marginal costs. Then it looks for market leaders in growing industries with revenue growth above 20% a year. Finally, quality screens such as profitability and stability narrow the list to 40 to 90 stocks. A company can miss one screen and still get in if it scores well on others.
Positions are sized by the manager's conviction, with company size also considered. A stock is usually sold when its price rises above the manager's estimate of its value or its growth outlook changes. The manager can rebalance at any time. The fund must keep at least 25% in technology. It is also "non-diversified," which means it can hold large stakes in a few companies. If valuations look too high, it may hold broad US stock ETFs for a while instead.
What it really costs
- AOTG charges 0.75% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| AOTG | $77 | $240 | $417 | $930 |
In a retirement portfolio
It is a concentrated, actively managed tech-heavy growth fund that has moved almost twice as much as the market, so it fits best as a small add-on, not a foundation.
AOTG could add growth potential, but it has a short and volatile record. It launched in June 2022. That means it has no history through 2008 or 2020, and it missed the start of the 2022 bear market. Its deepest drop, 31.6%, ran from August to November 2022. It took about seven months to recover, by June 6, 2023. Its weakest calendar year, 2025, was still a 25.2% gain. But its worst quarter, the first of 2025, lost 12.31%. Its one-year beta (a measure of how much it moves compared with the market) was 1.89 as of October 27, 2026. Someone who has to sell shares in a downturn could lock in losses. The fund has made no distributions, so it provides no income. Its 0.75% fee comes to about $77 in the first year under the SEC's standard $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Growth investors who want an actively picked, concentrated bet on chips and software, with AMD, NVIDIA and Micron about a third of assets as of August 31, 2026.
- Investors who would keep it as a small slice and can live with drops like its 31.6% fall in 2022 and a one-year beta of 1.89.
- People who don't need cash payouts from this holding, since the fund has made no distributions and all returns come from price changes.
Look elsewhere if
- Retirees who rely on regular income from their investments: AOTG has paid no distributions and aims only for long-term growth.
- Cost-focused investors: 0.75% a year, about $930 over ten years on $10,000 in the SEC example, is more than many broad index funds charge.
- Those who want broad diversification or a long record: it held 43 stocks as of August 31, 2026, and has only existed since June 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Does AOTG pay dividends?
No. The fund has made no distributions on record, so it has no yield to report. That fits its stated goal of long-term capital appreciation and its focus on fast-growing companies. Companies like these tend to reinvest their profits rather than pay them out. Any return comes from changes in the share price. Investors who want cash flow would need to get it from other holdings or by selling shares.
What stocks are in AOTG?
As of August 31, 2026, AOTG held 43 stocks, and the top ten made up about 65% of assets. The largest were Advanced Micro Devices (12.3%), NVIDIA (10.9%), Micron Technology (10.2%) and Taiwan Semiconductor Manufacturing (6.7%). Next came Toast, Microsoft, Amazon, Alphabet, Salesforce and Sandisk. The fund is actively managed rather than tied to an index, and it must keep at least 25% in technology. About 84% of assets were in US companies.
What is the AOTG expense ratio?
AOTG charges 0.75% a year, according to its prospectus filed September 21, 2026. All of it is a management fee, with no waiver. The SEC's standard example assumes $10,000 invested, a 5% annual return and shares sold at the end of each period. On that basis, costs come to about $77 after one year, $240 after three, $417 after five and $930 after ten. That is the price of active stock picking, and it is more than many broad index funds charge.
How has AOTG performed since launch?
It has posted strong gains so far, with big swings along the way. According to its prospectus, it returned 54.28% in 2023, 32.42% in 2024 and 25.2% in 2025. It averaged 25.79% a year from its June 2022 launch through December 31, 2025. Based on share price, it returned 7.8% for the year ending October 27, 2026. Its record covers only about four years. Its worst quarter, the first of 2025, lost 12.31%.
Is AOTG a risky ETF?
Yes, it carries more risk than a broad stock fund. It is non-diversified and concentrated in technology. Its three largest holdings, AMD, NVIDIA and Micron, were about a third of assets as of August 31, 2026. As of October 27, 2026, its one-year beta was 1.89 and its three-year volatility was 26.8%. Its deepest fall was 31.6%, from August to November 2022, and it took about seven months to recover, by June 2023.