OneAscent International Equity ETF

OneAscent International Equity ETF (OAIM) is an actively managed fund. It picks medium-to-large stocks outside the US, including some in emerging markets, after screening out companies tied to abortion, gambling, alcohol, tobacco, cannabis, adult entertainment, predatory lending and human rights abuses. Its 0.95% expense ratio is far above the 0.06% average of the similar index funds compared here. It held 53 stocks as of August 31, 2026.

• Over the year to Oct 27, 2026, OAIM returned +14.1%, 3rd of 7 among similar funds.
• Its worst full calendar year was 2024 (+8.2%); its best was 2025 (+30.1%).
• The deepest fall in its price history was 14.7% (Jul 28, 2023 to Oct 27, 2023), recovered by Feb 22, 2024.

As of Aug 31, 2026, the fund held 53 securities; the ten largest made up 35.47% of assets, and 11.94% sat in cash and money-market holdings.

• Over the three months to Aug 31, 2026, investors added a net $14.0M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -0.08%, -1.61%, +3.99%.

OAIM does not track an index. Its adviser, OneAscent Investment Solutions, picks the stocks. At least 80% of assets go into stocks of non-US companies, including emerging markets, and the fund expects to hold companies from at least three countries. It mostly buys medium-to-large companies, which the adviser defines as those worth more than $3 billion when first bought. The prospectus compares its results with the MSCI ACWI ex USA Index, a broad index of non-US stocks.

The first step is a values-based screen. The adviser removes companies it believes consistently harm their stakeholders. That includes ties to abortion, adult entertainment, gambling, tobacco, alcohol, cannabis, predatory lending, human rights violations or severe ethics controversies. If a holding later fails the screen, the adviser intends to sell it but isn't required to. From what's left, the team combines quantitative analysis with company-by-company ("bottom-up") research. It also looks at where each business sits in its corporate life cycle, from high-growth to income-oriented to distressed.

The portfolio is concentrated. As of August 31, 2026, it held 53 stocks, the top 10 made up about 35% of assets, and Sweden's Industrivarden was the largest at 6.1%. Cash was about 12%. The adviser may move all or nearly all assets into cash to protect principal, or buy other funds. Portfolio turnover was 40%.

• OAIM charges 0.95% a year, versus an average of 0.06% for the similar funds below (7th of 7, cheapest first).
• Of that, 0.74% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $97 in the first year and $1,166 over 10 years (assuming a 5% annual return).

It adds actively chosen non-US stocks, with large weights in Japan, Taiwan and South Korea, to a US-heavy portfolio, but its high cost and short record point to a supporting role.

OAIM launched in September 2022. Its record doesn't include the 2008 financial crisis or the 2020 COVID crash, and it started only weeks before the 2022 bear market hit bottom. Its deepest drop was 14.7%, from July 28 to October 27, 2023. It recovered by February 22, 2024, about four months later. Each full calendar year from 2023 to 2025 was positive, and the weakest was 2024, at 8.09%. A long bear market hasn't tested this short record, which matters for anyone who may need to sell shares in a bad year. Income is small: the yield was 0.89% as of October 27, 2026, paid once a year. Costs add up too. The SEC's standard example puts fees at $1,166 over 10 years on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).