At a glance
OPTZ charges 0.25% a year. It has $285.4M in assets; it paid 0.47% of its price in distributions over the past 12 months, annual. Over the past year it returned +24.1% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 28.1% of the fund, out of 337 in all.
The short version
Optimize Strategy Index ETF (OPTZ) tracks the Optimize Strategy Index. The index picks more than 330 U.S. stocks within each sector based on earnings strength, valuation and growth estimates, then gives the stocks in each sector equal weight. It costs 0.25% a year. What sets it apart is concentration: as of June 30, 2026, about 53% of the fund was in technology, led by memory and chip makers such as Sandisk and Micron.
Price history
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OPTZ +24.1% 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 | |
|---|---|---|---|---|---|---|
| OPTZ official prospectus, to Dec 31, 2025 | — | +22.75% | — | — | — | +24.74% |
| OPTZ price data to Oct 27, 2026 | +23.0% | +24.1% | — | — | — | +25.4% |
- Over the year to Oct 27, 2026, OPTZ returned +24.1%.
- Its worst full calendar year was 2025 (+22.8%); its best was 2025 (+22.8%).
- The deepest fall in its price history was 25.7% (Dec 4, 2024 to Apr 8, 2025), recovered by Jul 17, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +23.0% | — |
| 2025 | +22.8% | +22.75% |
| 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 |
|---|---|---|
| 2025 | $0.2100 |
What's inside
As of Jun 30, 2026, the fund held 337 securities; the ten largest made up 28.1% of assets. It also reported 15.27% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Sandisk Corp | 4.22% | |
| Penguin Solutions Inc | 4.07% | |
| Micron Technology Inc | 3.05% | |
| Advanced Micro Devices Inc | 2.95% | |
| Seagate Technology Holdings PL | 2.68% | |
| Western Digital Corp | 2.55% | |
| KLA Corp | 2.20% | |
| Applied Materials Inc | 2.18% | |
| Lam Research Corp | 2.13% | |
| TTM Technologies Inc | 2.08% | |
| MACOM Technology Solutions Hol | 1.79% | |
| Teradyne Inc | 1.73% | |
| Coherent Corp | 1.64% | |
| Arrow Electronics Inc | 1.51% | |
| Lumentum Holdings Inc | 1.44% |
By country
United States 92.99%Ireland 1.49%United Kingdom 1.17%Thailand 1.12%Canada 0.98%By asset type
Stocks 99.23%Preferred stock 0.05%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $996K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +15.74%, +9.53%, +8.35%.
How it works
OPTZ is a passive fund. It copies the Optimize Strategy Index, which is owned by Optimize Financial Inc., the fund's sub-advisor. The index aims to beat the broad U.S. stock market over a full economic cycle, measured against the Optimize Broad Market Index, which the same firm owns. To be eligible, a stock must be listed in the U.S., have a market value of at least $850 million and pass trading-volume tests. ETFs, closed-end funds, ADRs, preferred shares, master limited partnerships and several other security types are excluded.
Stocks are split into large companies ($2 billion or more) and small companies (under $2 billion) and ranked within their sectors. Large companies are scored on three measures: current earnings per share compared with their 10-year average, the price-to-earnings ratio, and expected earnings growth over the next two years. Small companies are scored only on price-to-sales. The top 20% of each size group in each sector make the cut. Each sector's weight follows the combined market value of its stocks, and within a sector every stock gets an equal share.
The index is rebuilt and rebalanced each March and September. Portfolio turnover was 130%, so trading costs that aren't in the expense ratio can add up. The fund follows the index into sector concentration. As of June 30, 2026, 52.98% of the fund was in information technology, which the index labels 'Bits & Bytes.'
What it really costs
- OPTZ charges 0.25% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $318 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| OPTZ | $26 | $80 | $141 | $318 |
In a retirement portfolio
More than half the fund sits in one sector, it has swung more than the market, and its track record is short.
OPTZ launched on April 23, 2024, so it has no record through the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Its deepest drop was 25.7%, from December 4, 2024 to April 8, 2025. It got back to its earlier peak by July 17, 2025, about 3.3 months later. Its only full calendar year, 2025, returned 22.75%. As of October 27, 2026, its one-year beta was 1.42, which means it has tended to swing more than the market. With about 53% in technology, a retiree forced to sell in a slump could lock in steep losses. Income is small: the yield was 0.47% as of October 27, 2026, paid once a year. Costs are modest. In the SEC's standard example, $10,000 invested would cost $26 in the first year. 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
- Investors wanting a rules-based tilt toward profitable, reasonably priced U.S. stocks for 0.25% a year, held as a small part of a portfolio.
- People comfortable with heavy tech exposure: about 53% of assets as of June 30, 2026, led by Sandisk, Penguin Solutions and Micron.
- Long-horizon investors able to sit through drops like the 25.7% fall from December 2024 to April 2025 without needing to sell.
Look elsewhere if
- Retirees seeking income: the yield was 0.47% as of October 27, 2026, and the fund pays only once a year.
- Anyone who wants a long track record. The fund launched in April 2024 and has no history through the 2008, 2020 or 2022 downturns.
- Investors wanting balanced, low-turnover market exposure: one sector holds over half the fund, and portfolio turnover was 130%.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
What does OPTZ invest in?
OPTZ holds U.S. stocks chosen by the Optimize Strategy Index, which ranks companies within each sector on earnings, valuation and growth. As of June 30, 2026, it held 337 stocks, and the top 10 made up 28.1% of assets. The largest were Sandisk (4.2%), Penguin Solutions (4.1%), Micron (3.0%), AMD (3.0%), Seagate (2.7%) and Western Digital (2.5%). Information technology made up 52.98% of the fund.
Does OPTZ pay dividends?
Yes, but only once a year, and the amount is small. Over the 12 months to October 27, 2026, it paid $0.21 per share, a yield of 0.47%. That is because the index picks stocks for earnings strength, valuation and growth, not for dividends. Many of its largest holdings are chip and memory makers. Investors looking for steady income from their portfolio may find the payout modest.
What is the OPTZ expense ratio?
OPTZ's expense ratio is 0.25%, according to the prospectus filed July 28, 2026. In the SEC's standard example, $10,000 invested with a 5% yearly return would cost about $26 after one year, $80 after three, $141 after five and $318 after ten. Portfolio turnover was 130%, so trading costs inside the fund, which aren't part of the expense ratio, may also weigh on returns.
How has OPTZ performed since launch?
Its returns have been strong, but the record is short. Per the prospectus, OPTZ returned 22.75% in 2025 and 24.74% a year on average from its April 2024 launch through December 31, 2025. Its strongest quarter gained 14.93% (ended June 30, 2025), and its weakest lost 8.93% (ended March 31, 2026). Based on price, it returned 24.1% over the year ended October 27, 2026. Its deepest drop was 25.7%.
How is OPTZ different from a regular total market index fund?
A typical total market fund holds thousands of stocks weighted by company size. OPTZ owns only the top 20% of stocks in each sector, scored on earnings, valuation and growth. Within each sector, it gives every stock the same weight. The result is far more concentrated: 52.98% was in technology as of June 30, 2026. Its one-year beta of 1.42 as of October 27, 2026 means it has swung more than the market.