At a glance
SOVF charges 0.75% a year. It has $87.4M in assets; it paid 0.72% of its price in distributions over the past 12 months, annual. Over the past year it returned +7.2% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 34.5% of the fund, out of 77 in all.
The short version
Sovereign's Capital Flourish Fund (SOVF) is an actively managed ETF that holds U.S. stocks chosen for their leaders and culture. The adviser looks for faith-driven CEOs who follow non-denominational Christian values, and it avoids tobacco, alcohol, gaming, abortion and pornography. Its expense ratio is 0.75%. As of July 31, 2026, its largest holdings included Molina Healthcare, Paycom Software and Repay Holdings, not the household names that lead most broad index funds.
Price history
The interactive chart needs JavaScript.
SOVF +7.2% 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 | |
|---|---|---|---|---|---|---|
| SOVF official prospectus, to Dec 31, 2024 | — | +8.76% | — | — | — | +23.50% |
| SOVF price data to Oct 27, 2026 | +9.5% | +7.2% | — | — | — | +4.7% |
- Over the year to Oct 27, 2026, SOVF returned +7.2%.
- Its worst full calendar year was 2025 (-4.4%); its best was 2025 (-4.4%).
- The deepest fall in its price history was 21.7% (Dec 2, 2024 to Apr 8, 2025), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +9.5% | — |
| 2025 | -4.4% | — |
| 2024 | — | +8.76% |
| 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 | $0.2300 |
What's inside
As of Jul 31, 2026, the fund held 77 securities; the ten largest made up 34.47% of assets.
| Holding | Weight | |
|---|---|---|
| Molina Healthcare Inc | 4.23% | |
| Paycom Software Inc | 4.19% | |
| Repay Holdings Corp | 3.82% | |
| Alkami Technology Inc | 3.55% | |
| Grand Canyon Education Inc | 3.29% | |
| Vistra Corp | 3.27% | |
| Euronet Worldwide Inc | 3.22% | |
| SPS Commerce Inc | 3.12% | |
| FISERV, INC. | 3.00% | |
| Insperity Inc | 2.77% | |
| Primerica Inc | 2.76% | |
| Option Care Health Inc | 2.75% | |
| Progressive Corp | 2.51% | |
| American Financial Group Inc/O | 2.45% | |
| LPL Financial Holdings Inc | 2.37% |
By country
United States 99.25%Canada 0.48%United Kingdom 0.05%By asset type
Stocks 99.78%What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $11.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.44%, +3.41%, +3.50%.
How it works
SOVF is actively managed rather than tied to an index: its adviser, Sovereign's Capital Management, picks the stocks, aiming for long-term growth. It buys mainly U.S. stocks of companies led by "faith-driven" CEOs, guided by non-denominational Christian values. Drawing on research and a network of faith-driven contacts, the adviser rates each company's culture: faith-driven leadership, employee benefits, access to counselors, faith-based employee groups, a mission statement that fits biblical values, and how its products affect people. It avoids tobacco, alcohol, gaming, abortion and pornography.
Companies that pass get a financial review of business quality, return on invested capital, balance sheet strength and cyclicality. The adviser decides position sizes and watches sector and industry weights when trading. The fund typically holds 80 to 100 companies. As of July 31, 2026, it held 77 stocks, with 34.5% of assets in the top 10. The largest were Molina Healthcare (4.2%), Paycom Software (4.2%) and Repay Holdings (3.8%).
There is no set rebalancing schedule; holdings are reassessed continually, and a new CEO at any holding triggers a fresh culture review. Portfolio turnover, the share of the portfolio replaced in a year, was 40%, according to the November 2025 prospectus. As of July 31, 2026, the fund was 99.8% stocks and held no derivatives.
What it really costs
- SOVF 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 |
|---|---|---|---|---|
| SOVF | $77 | $240 | $417 | $930 |
In a retirement portfolio
It is a small, actively managed fund with a values screen, a short record and a 0.75% fee, so it fits better as a smaller position than as a portfolio's base.
SOVF launched on October 3, 2023, so it has no record from the 2008, 2020 or 2022 downturns. Its worst calendar year so far was 2025, when it lost about 4.4%. Its deepest drop was about 22%, from December 2, 2024, to April 8, 2025. Price data showed it had not yet recovered that peak as of October 27, 2026. Anyone who had to sell shares or draw cash in early 2025 would have sold at a loss. Over the year to October 27, 2026, its beta was 0.55. Beta measures how much a fund moves with the stock market, and 0.55 means it moved about half as much. The fund is not built for income. It yielded 0.72% as of October 27, 2026, and pays once a year. In the SEC's standard example, $10,000 would cost $930 in fees over 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want stocks picked using non-denominational Christian criteria, with tobacco, alcohol, gaming, abortion and pornography screened out.
- Those comfortable with active stock picking that leans toward names like Molina Healthcare, Paycom, Repay and Alkami instead of following a market index.
- Long-term holders who can keep it as a smaller position and ride out drops like its roughly 22% fall from December 2024 to April 2025.
Look elsewhere if
- Income seekers: it yielded 0.72% as of October 27, 2026, and pays a distribution only once a year.
- Cost-focused investors: the 0.75% expense ratio works out to $930 over 10 years in the SEC's $10,000 example.
- Investors who want a long record or a large fund: it launched in October 2023 and had about $87 million in net assets as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
What does SOVF invest in?
SOVF invests in U.S. stocks chosen by Sovereign's Capital Management. The adviser looks for companies led by faith-driven CEOs who build cultures based on biblical values. As of July 31, 2026, it held 77 stocks. The largest were Molina Healthcare (about 4.2%), Paycom Software (4.2%), Repay Holdings (3.8%), Alkami Technology (3.6%) and Grand Canyon Education (3.3%). Its top 10 holdings made up about 34% of the fund, and almost nothing was in cash.
What is the SOVF expense ratio?
SOVF's expense ratio is 0.75%, according to its prospectus filed November 26, 2025. All of it is the management fee, and there is no fee waiver. In the SEC's standard example, which assumes $10,000 invested and a 5% yearly return, you would pay about $77 in fees after one year, $240 after three years, $417 after five years and $930 after 10 years.
Does SOVF pay dividends?
Yes, but the payouts are small and come only once a year. Over the 12 months to October 27, 2026, SOVF paid about $0.23 per share, a yield of 0.72%. The fund's goal is long-term growth, not income. Its stock picks are based on leadership, culture and business quality, not on dividends. Retirees who need regular cash from their holdings may find the payout too small and too infrequent.
How has SOVF performed since launch?
Results have been mixed over a short record. According to the prospectus, SOVF returned 8.76% in 2024. Its strongest quarter gained 6.01% and its weakest lost 3.7%. Price data shows a 4.36% loss in 2025 and a 9.53% gain in 2026 through October 27. The one-year return to that date was 7.2%. The fund launched in October 2023, so it has no record from earlier bear markets.
Is SOVF a Christian values ETF?
Yes. SOVF says it practices "faith-driven" investing based on non-denominational Christian values. It looks for companies that show "love of neighbor" toward employees, customers and communities. Its review covers faith-driven leadership, employee benefits and counseling, faith-based employee groups, and whether the company's mission fits biblical values. It excludes tobacco, alcohol, gaming, abortion and pornography. The prospectus warns that these limits could make the fund trail similar funds that don't apply them.