At a glance
EBI charges 0.24% a year. It has $693.0M in assets; it paid 1.08% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +21.5% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 26.5% of the fund, out of 1,746 in all.
The short version
Longview Advantage ETF (EBI) is an actively managed fund from Focus Financial Partners. It holds a broad mix of U.S. stocks, 1,746 holdings as of August 31, 2026, and measures itself against the Bloomberg US 3000 Index. It tilts toward companies that look cheap compared with their book value and earn high operating profits. The expense ratio is 0.24%. It launched in February 2025, so its track record is short.
Price history
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EBI +21.5% 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 | |
|---|---|---|---|---|---|---|
| EBI price data to Oct 27, 2026 | +19.1% | +21.5% | — | — | — | +20.4% |
- Over the year to Oct 27, 2026, EBI returned +21.5%.
- The deepest fall in its price history was 17% (Feb 28, 2025 to Apr 8, 2025), recovered by Jul 28, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +19.1% |
| 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 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3700 |
What's inside
As of Aug 31, 2026, the fund held 1,746 securities; the ten largest made up 26.51% of assets, and 2.06% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 5.00% | |
| Apple Inc | 4.94% | |
| Microsoft Corp | 4.82% | |
| Micron Technology Inc | 2.79% | |
| Alphabet Inc | 2.32% | |
| Amazon.com Inc | 1.85% | |
| Broadcom Inc | 1.71% | |
| Meta Platforms Inc | 1.12% | |
| Newmont Corp | 1.00% | |
| JPMorgan Chase & Co | 0.97% | |
| Verizon Communications Inc | 0.96% | |
| ConocoPhillips | 0.93% | |
| Berkshire Hathaway Inc | 0.84% | |
| Bristol-Myers Squibb Co | 0.84% | |
| Marathon Petroleum Corp | 0.83% |
By country
United States 97.12%Bermuda 0.96%Ireland 0.95%United Kingdom 0.46%Switzerland 0.11%By asset type
Stocks 99.88%By sector
Sectors of the companies held, for the 58.3% 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 added a net $9.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.19%, +1.31%, +2.09%.
How it works
EBI does not copy an index. Its adviser picks stocks from a wide pool of U.S. companies of all sizes and sectors. It uses the Bloomberg US 3000 Index as its benchmark, the yardstick it measures itself against. The main rule is a tilt. The fund holds more of companies with higher profitability-to-value ratios and holds less of, or skips, those with lower ones. Value is measured mainly by book-to-price, which compares a company's accounting net worth with its share price. Profitability is measured mainly by operating profits relative to book value. The adviser can change how strong the tilt is over time. It also looks at industry, price momentum, liquidity and float.
The result looks much like the broad market, with a twist. As of August 31, 2026, the largest positions were NVIDIA (5.0%), Apple (4.9%) and Microsoft (4.8%). Micron (2.8%) and Newmont (1.0%) were also in the top ten, and the top ten made up 26.5% of assets. Turnover was 7%, so trading is light.
The fund may also use stock index futures. These are contracts that give market exposure without buying the shares. The August 31, 2026 report showed none. The fund may lend up to one-third of its assets to brokers for extra income. In return it takes collateral worth at least 102% of the loaned shares, revalued daily.
What it really costs
- EBI charges 0.24% a year.
- Of that, 0.25% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.1% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $25 in the first year and $421 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| EBI | $25 | $99 | $181 | $421 |
In a retirement portfolio
It spreads money across 1,746 holdings, almost all U.S. companies, at a 0.24% expense ratio, with a moderate tilt toward value and profitability rather than a narrow theme.
EBI could serve as a broad U.S. stock holding. Its expense ratio is 0.24%. Income is modest: the trailing 12-month yield was 1.08% as of October 27, 2026, paid twice a year. It is not built for steady cash flow.
The fund launched in February 2025, so it did not exist during the 2008, 2020 or 2022 downturns. Its deepest drop was 17%, from February 28 to April 8, 2025. It recovered by July 28, 2025, about 3.6 months later. Over the year to October 27, 2026, its beta was 0.84, meaning it moved somewhat less than the market. A longer slump could hurt more, and anyone forced to sell shares in a bad year could lock in losses. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting broad U.S. stock exposure (1,746 holdings) with a tilt toward cheaper, more profitable companies, for 0.24% a year.
- Long-term holders who accept that active stock picking may lag the Bloomberg US 3000 Index when value or profitable stocks fall out of favor.
- Buy-and-hold investors who prefer light trading; portfolio turnover was 7%, per the prospectus.
Look elsewhere if
- Those wanting a long track record; EBI launched in February 2025 and has not been through a full bear market.
- Income seekers; the trailing yield was 1.08% as of October 27, 2026, paid only twice a year.
- Investors seeking international stocks; about 97% of assets were in U.S. companies as of August 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is EBI an index fund?
No. EBI is an actively managed ETF. Its adviser chooses U.S. stocks rather than copying an index, though it uses the Bloomberg US 3000 Index as a benchmark. The fund leans toward companies that are cheap relative to book value and earn high operating profits relative to book value. It holds less of companies that score poorly, or skips them. That means its returns can differ from the broad market, for better or worse.
Does EBI pay dividends?
Yes, twice a year. EBI paid $0.726 per share over the 12 months to October 27, 2026, a trailing yield of 1.08%. The fund's stated goal is long-term growth, not income. The payout comes from the dividends of the stocks it owns rather than from an income target. Investors who want monthly cash may find the twice-yearly schedule and modest yield less convenient.
What is the expense ratio of EBI?
EBI's expense ratio is 0.24% a year, according to its prospectus filed December 19, 2025. The SEC's standard example assumes $10,000 invested, a 5% annual return and a sale at the end of each period. On that basis, total costs would be about $25 after one year, $99 after three, $181 after five and $421 after ten. The costs come out of the fund's assets rather than being billed separately.
What are EBI's top holdings?
As of August 31, 2026, EBI's largest holdings were NVIDIA (5.0%), Apple (4.9%) and Microsoft (4.8%). Next came Micron Technology (2.8%), Alphabet (2.3%), Amazon (1.8%), Broadcom (1.7%), Meta Platforms (1.1%), Newmont (1.0%) and JPMorgan Chase (1.0%). The top ten made up 26.5% of the fund's $693 million in net assets, spread across 1,746 holdings.
How risky is EBI?
EBI carries the full risk of U.S. stocks. Its deepest drop was 17%, from February 28 to April 8, 2025, and it recovered about 3.6 months later, by July 28, 2025. Over the year to October 27, 2026, its volatility (how much returns swing) was 11.7% and its beta was 0.84. That means it moved somewhat less than the market. Because it launched in February 2025, it has no record through a long bear market like 2008 or 2022.