Emles Federal Contractors ETF
FEDX
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 437 Madison Avenue, 17th Floor New York NY United States of America 10022
- IPO Date
- Oct 14, 2020
- CIK
- 0001755351
- Similar Companies
- Business
- Emles Federal Contractors ETF (FEDX) is an exchange-traded fund that seeks investment results corresponding, before fees and expenses, to the price and yield performance of the Emles Federal Contractors Index; the index provides access to U.S. equity securities of companies with high revenue exposure—weighted average of 50% or more—to federal contracts with the U.S. government. The ETF focuses on firms in sectors such as electronic technology (61.2%), technology services (12.04%), industrial services (10.02%), commercial services (9.68%), and health technology (4.79%), targeting large-cap (55.83%), mid-cap (35.22%), and small-cap (8.67%) companies predominantly operating in North America and the United States. It offers investors defensive equity exposure with stable through-the-cycle revenues backed by government guarantees, aiming for upside potential and competitive yield during economic uncertainty. Sponsored and managed by Emles Advisors LLC, an asset management firm founded in 2012 (with roots tracing to 2004) and headquartered in New York, New York, the ETF serves institutional and retail investors seeking non-traditional strategies in public markets. Emles Advisors launched FEDX as part of an initial suite of four ETFs in 2020, emphasizing uncorrelated returns from innovative asset classes like U.S. manufacturing and federal contractor exposure. In a major development, Emles Advisors liquidated FEDX and five other ETFs in late 2022 due to insufficient assets under management; shareholders received cash distributions of $24.5868 per share on or about October 26, 2022, after delisting from the Cboe BZX Exchange on October 19, 2022. This closure reflected broader strategic shifts at Emles, including the wind-down of multiple underperforming funds amid challenging market conditions for niche ETFs. No relaunch or active trading of FEDX has occurred since, with Emles refocusing on venture capital, infrastructure, and real estate development.