Kovitz Core Equity ETF
EQTY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 12, 2022
- Similar Companies
- Business
- Kovitz Core Equity ETF (EQTY) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of U.S. and foreign companies deemed undervalued by its adviser, Kovitz Investment Group Partners, LLC; these include common stocks, common stock equivalents such as rights, warrants, and convertible securities; the fund targets high-quality companies with strong balance sheets and high returns on capital across all market capitalizations, including small- and mid-cap firms, drawing from the S&P 500 Index constituents for U.S. equities and non-U.S. companies in the S&P Global 100 Index. The ETF employs a fundamental, research-driven process focused on intrinsic value, emphasizing discipline, patience, and an owner mindset to minimize permanent loss of capital while pursuing superior risk-adjusted returns. Distributed by Northern Lights Distributors, LLC, EQTY features an expense ratio of 0.99% and trades on NYSE Arca. Launched in December 2022 through the conversion of Kovitz's existing mutual funds, Green Owl Intrinsic Value Fund (GOWLX, with inception dating back to December 2011) and Marathon Value Portfolio (MVPFX), along with over $500 million in assets from separately managed accounts, EQTY carries forward the performance history of its predecessor GOWLX. Kovitz Investment Group Partners, headquartered at 71 South Wacker Drive, Suite 1860, Chicago, Illinois, manages the fund as part of its flagship Core Equity strategy, which has underpinned client portfolios for over 25 years; the firm oversees approximately $1.3 billion in assets for EQTY and serves institutional investors, financial advisors, and individual clients globally through a tax-efficient ETF structure. Recent strategic developments include the anticipated Q4 2024 affiliation of Fort Pitt Capital Group, adding roughly $5.9 billion in regulatory assets under management, and a March 2025 agreement to acquire Transform Wealth, enhancing Kovitz's wealth management capabilities and investment platform. The fund operates without notable subsidiaries or parent entities beyond its adviser relationship, targeting value-oriented investors seeking diversified global equity exposure.