At a glance
YOKE charges 0.31% a year. It has $233.5M in assets; it paid 0.77% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +13.7% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 35.1% of the fund, out of 51 in all.
The short version
YOKE Core ETF (YOKE) is an actively managed stock fund. It held 51 US and developed-market international companies as of July 31, 2026, chosen by sub-adviser Smart Money Group using momentum, quality and "risk on/risk off" strategies. Unlike an index fund, it moves between growth and defensive areas as conditions change, and it trades heavily, with portfolio turnover of 153%. Its expense ratio is 0.31%.
Price history
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YOKE +13.7% 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 | |
|---|---|---|---|---|---|---|
| YOKE price data to Oct 27, 2026 | +15.6% | +13.7% | — | — | — | +15.4% |
- Over the year to Oct 27, 2026, YOKE returned +13.7%.
- The deepest fall in its price history was 14.4% (Feb 24, 2025 to Apr 8, 2025), recovered by May 13, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +15.6% |
| 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) | $0.1900 |
What's inside
As of Jul 31, 2026, the fund held 51 securities; the ten largest made up 35.11% of assets.
| Holding | Weight | |
|---|---|---|
| Alphabet Inc | 4.69% | |
| EMCOR Group Inc | 4.06% | |
| NVIDIA Corp | 3.77% | |
| Rolls-Royce Holdings PLC | 3.55% | |
| WW Grainger Inc | 3.43% | |
| ASML Holding NV | 3.38% | |
| TJX Cos Inc | 3.32% | |
| Johnson & Johnson | 3.14% | |
| eBay Inc | 3.01% | |
| Novartis AG | 2.76% | |
| Apple Inc | 2.56% | |
| ExxonMobil Holdings Corp | 2.51% | |
| Amazon.com Inc | 2.40% | |
| Microsoft Corp | 2.39% | |
| Western Digital Corp | 2.37% |
By country
United States 87.13%United Kingdom 5.22%Netherlands 3.38%Switzerland 2.76%Ireland 1.06%By asset type
Stocks 98.31%Real estate 1.24%By sector
Sectors of the companies held, for the 62.4% 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 Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $1.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +3.98%, +3.17%, -2.66%.
How it works
YOKE does not track an index. Its sub-adviser, Smart Money Group, LLC, picks the stocks and expects to split assets roughly one-third each among three strategies, though the mix can drift with markets. The momentum strategy first judges where the economy is in the business cycle, using jobs data, GDP, interest rates and inflation. It then screens for stocks with rising prices, steady uptrends or strong earnings growth. In an expanding economy it may favor fast-growing companies. When signs point to a slowdown, it leans toward utilities and steadier, lower-volatility firms.
The quality strategy looks at measures such as free cash flow margin, return on invested capital, market share, insider ownership and competitive advantages. The risk on/risk off strategy works against the crowd. When investors chase riskier companies, it moves toward defensive sectors like utilities, consumer staples and health care. After a market correction, it buys areas that have fallen sharply, such as value and small-company stocks.
The fund mostly buys stocks directly. It gets foreign exposure through ADRs and GDRs (receipts that trade like shares and represent foreign companies) and through other ETFs, in developed markets only. There is no fixed rebalancing schedule. Holdings are sold when the manager sees better opportunities, and turnover of 153% points to frequent trading. As of July 31, 2026, the fund held 51 stocks, with 35% in its top ten, 87% in US companies and no derivatives.
What it really costs
- YOKE charges 0.31% a year.
- Of that, 0.3% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $32 in the first year and $393 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| YOKE | $32 | $100 | $174 | $393 |
In a retirement portfolio
Despite "Core" in its name, YOKE is a 51-stock, heavily traded active fund with less than two years of history, so it may fit better alongside a broad core holding than in place of one.
YOKE could add a manager-driven approach that tries to move toward defensive sectors before downturns. It has little track record to show whether that works. The fund launched on February 21, 2025, so it missed the 2008, 2020 and 2022 bear markets and has no full calendar year of returns. Its deepest drop was 14.4%, from February 24 to April 8, 2025. It recovered by May 13, 2025, about a month later. Someone who must sell shares in a bad year has no long record of how it holds up in a deeper or longer slump. The fund is not built for income. Its trailing yield was 0.77% ($0.24 per share) as of October 27, 2026, paid quarterly. At 0.31% a year, the SEC's standard example puts costs at $32 in year one and $393 over 10 years on $10,000. 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 a manager to shift between growth, quality and defensive stocks, rather than owning a fixed index, for 0.31% a year.
- Those looking for a focused 51-stock portfolio, mostly US, with some developed-market names like ASML, Rolls-Royce and Novartis.
- Investors who can treat a fund with less than two years of history as a smaller satellite next to a broad core holding.
Look elsewhere if
- Retirees who need steady income, since the trailing yield was 0.77% as of October 27, 2026, paid quarterly.
- Investors who want a long record through bear markets. YOKE launched in February 2025 and missed 2008, 2020 and 2022.
- Taxable investors who are wary of trading costs and possible capital gains from a fund with 153% portfolio turnover.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is YOKE a good ETF for retirement?
It may suit some retirees as a smaller holding, but its record is short. YOKE launched in February 2025, so it has not been tested in a long bear market. Its deepest drop was 14.4% in early 2025, and it recovered in about a month. It is an actively managed stock fund with 51 holdings and a 0.77% yield as of October 27, 2026. That makes it a growth-focused holding rather than an income source.
Does YOKE pay dividends?
Yes, YOKE pays dividends quarterly, but they are small. Over the 12 months to October 27, 2026, it paid $0.24 per share, a trailing yield of 0.77%. The fund's stated goal is capital appreciation, meaning growth in share value, not income. Its largest holdings, such as Alphabet, NVIDIA and EMCOR Group, are companies valued mainly for growth rather than high payouts.
What is the YOKE ETF expense ratio?
YOKE's expense ratio is 0.31% a year, according to the prospectus filed May 27, 2026. That includes a 0.30% management fee. In the SEC's standard example, $10,000 invested with a 5% annual return would cost about $32 after one year, $174 after five years and $393 after 10 years. Turnover of 153% means trading costs also arise inside the fund, and those are not included in the expense ratio.
YOKE vs S&P 500 index fund: what's the difference?
The main difference is who chooses the stocks. An S&P 500 index fund owns about 500 large US companies, weighted by size, and changes little. YOKE's sub-adviser picks about 51 stocks, adds some foreign companies and small caps, and changes holdings often. Its beta of 0.97 over one year to October 27, 2026 means it moved close to in step with the broad market. Its long-term results could still differ a lot from the market's.
What are YOKE's top holdings?
As of July 31, 2026, YOKE's largest holdings were Alphabet (4.7%), EMCOR Group (4.1%), NVIDIA (3.8%), Rolls-Royce (3.6%), W.W. Grainger (3.4%) and ASML (3.4%). TJX, Johnson & Johnson, eBay and Novartis rounded out the top ten, which made up about 35% of the fund. About 87% was in US companies, with the rest in the UK, Netherlands, Switzerland and Ireland. The manager trades often, so this list can change quickly.