Texas Capital Texas Small Cap Equity Index ETF
TXSS
NASDAQ Global Market- -
USD
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2000 McKinney Avenue Dallas TX United States of America 75201
- IPO Date
- Dec 19, 2023
- Similar Companies
- Business
- Texas Capital Texas Small Cap Equity Index ETF (TXSS) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Texas Capital Texas Small Cap Equity Index, a sector GDP-weighted and market-capitalization-weighted diversified index designed to reflect the performance of stocks in small-capitalization companies headquartered in Texas. The Fund invests at least 80% of its assets in securities included in the Index, depositary receipts representing such securities, and underlying stocks in respect of those depositary receipts, employing a passive management approach to track the Index; key sectors include industrials, energy, consumer discretionary, healthcare, and real estate, with top holdings such as Dnow Inc., Netstreit Corp., Hess Midstream LP, Vital Farms Inc., and Concentra Group Holdings Parent Inc. The Index targets publicly traded U.S. equity securities issuers headquartered in Texas, listed on the NYSE or Nasdaq, with market capitalizations smaller than the 800th largest in the universe, minimum average daily trading volume of $1 million over 90 days, and minimum market capitalization and free float of $100 million each; it is reconstituted and rebalanced quarterly. Launched on December 20, 2023, and listed on the Nasdaq Stock Market, the ETF is managed by Texas Capital Bank Private Wealth Advisors, a wholly owned subsidiary of Texas Capital Bank headquartered in Dallas, Texas, with portfolio management led by Carlos Pena, Vice President, and J. Steven Orr, Chief Investment Officer. The Fund offers investors targeted exposure to small-cap companies benefiting from Texas's favorable economic, regulatory, taxation, workforce, and business climate advantages, including low costs of doing business, infrastructure spending, and export strength; its expense ratio stands at 0.49%, with assets under management around $10 million prior to recent developments. In a significant recent development, the Texas Capital Funds Trust Board approved the liquidation of TXSS, effective December 8, 2025, following supplements to its prospectus on November 19, 2025, with shareholders receiving cash distributions based on net asset value to potentially redirect investments toward the larger Texas Capital Texas Equity Index ETF (TXS). This operational change reflects a strategic shift amid challenges in achieving economically viable scale, despite the Fund's innovative launch as part of Texas Capital's expansion into ETFs capturing Texas economic strengths. The ETF was distributed by Northern Lights Distributors, LLC, and administered by Ultimus Fund Solutions, LLC, operating exclusively within the U.S. market focused on Texas-headquartered small-cap equities.