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Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ONEFUND S&P 500®

INDEX | Fund

$56.70

$126 M

1.33%

$0.74

1.01%

Vitals

YTD Return

28.1%

1 yr return

28.5%

3 Yr Avg Return

8.2%

5 Yr Avg Return

12.7%

Net Assets

$126 M

Holdings in Top 10

34.5%

52 WEEK LOW AND HIGH

$56.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee 0.25%

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ONEFUND S&P 500®

INDEX | Fund

$56.70

$126 M

1.33%

$0.74

1.01%

INDEX - Profile

Distributions

  • YTD Total Return 28.1%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.37%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ONEFUND S&P 500®
  • Fund Family Name
    ONEFUND Trust
  • Inception Date
    May 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Individual
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Willis

Fund Description

The Fund seeks to replicate, before fees and expenses, the total return of the S&P 500® and S&P CME Bitcoin Futures Index 75/25 Blend Index (the “Index”). The Index measures the weighted return performance of a multi-asset strategy that consists of a 75% weight in the S&P 500® Index and a 25% weight in the S&P CME Bitcoin Futures Index. Accordingly, in seeking to track the Index, the Fund will invest approximately 75% of its assets in the stock of large U.S. companies that comprise the S&P 500® Index and will invest in Bitcoin futures contracts so that the total value of the Bitcoin to which the Fund has economic exposure is approximately 25% of the assets of the Fund. S&P Dow Jones Indices LLC (“S&P DJI” or the “Index Provider”) compiles, maintains and calculates the Index and each of the S&P 500®Indexand the S&P CME Bitcoin Futures Index. The Index is rebalanced monthly and accordingly the Fund seeks to maintain the 75%/25% allocations by also rebalancing these allocations on a monthly basis. However, price fluctuations in the underlying assets and other factors, such as the Fund’s cash position, may cause these allocations to vary at any given point in time. TheAdviser reserves the right to rebalance the Fund’s allocations more frequently than monthly in periods of significant price volatility.
TheFunddoesnotinvestdirectlyinBitcoin.
U.S.Large-Cap-
Under normal conditions, the Fund invests approximately 75% of its assets in the stock of companies that make up the S&P 500® Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies.
The S&P 500® Index includes 500 leading U.S. companies. Created in 1957, the S&P 500® Index is a widely regarded gauge of large-cap U.S. equities.The S&P 500® Index is a float market capitalization-weighted index meaning components are weighted according to the total market value of their outstanding shares available in the public markets. As of June 30, 2024, the minimum threshold for adding a company to the S&P 500® Index was a market capitalization of $18 billion or higher, and the average market capitalization of the 500 companies was $95.76 billion.
The Fund attempts to replicate this portion of its portfolio by investing in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Fund may sell investments that are represented in the Index in anticipation of their removal from the Index or buy investments that are not yet represented in the Index in anticipation of their addition to the Index. The Fund may also invest in securities of other investment companies, such as certain exchange-traded funds (“ETFs”), in order to implement its investment strategy.
BitcoinFutures-
Under normal conditions, the Fund will invest in Bitcoin futures contracts so that the total value of the Bitcoin to which the Fund has economic exposure is approximately 25% of the assets of the Fund. Such exposure seeks to track, before fees and expenses, the performance of the S&P CME Bitcoin Futures Index. The S&P CME Bitcoin Futures Index is designed to track the performance of bitcoin futures contracts thatare traded on the Chicago Mercantile Exchange (“CME”). However, changes in the relative value of the Fund’s assets between the monthly rebalance could cause the Fund’s bitcoin futures position to represent greater than 25% of the Fund’s assets.
Bitcoin is a digital asset and is generally considered a digital commodity. The ownership of Bitcoin is determined by participants in a decentralized,peer-to-peernetworkthatconnectscomputersthatrunpubliclyaccessible,or“opensource,”software,commonlyreferredtoas the “Bitcoin Protocol.” The value of Bitcoin is determined, in part, by the supply of, and demand for, Bitcoin in the markets created to facilitate the trading of Bitcoin. Ownership and the ability totransferortakeotheractionswithrespecttoBitcoinisprotectedthroughpublic-keycryptography.ThesupplyofBitcoinisdeterminedbythe Bitcoin Protocol which limits both the total amount of Bitcoin that will be produced to 21 million and the rate at which it is released into the network. Units of Bitcoin are treated as mutually interchangeable (i.e., fungible). No single entity owns or operates the Bitcoin Network, which is collectively maintained by (1) a decentralized group of participants who run computer software that results in the recording and validation of transactions blocks (commonly referred to as “miners”), (2) developers who propose improvements to the Bitcoin Protocol and the software that enforces the Bitcoin Protocol and (3) a decentralized group of users and computers which host and synchronize a copy of the entire Bitcoin blockchain (commonly referred to as “nodes”). More information regarding Bitcoin is available under “BITCOIN FUTURES, BITCOIN, THE BITCOIN NETWORK, AND THE BITCOIN PROTOCOL” in the Statement ofAdditional Information (the “SAI”).
Bitcoin futures contracts are standardized cash-settled contracts traded on commodity exchanges registered with the Commodity Futures TradingCommission(“CFTC”).Currently,theonlysuchcontractsaretradedontheCME.TheFund
willonlytradeonBitcoinfuturesthatare tradedontheCME.Domesticfuturesexchanges,suchastheCME,haveestablishedaccountabilitylevels(“accountabilitylevels”)onfutures contracts traded on U.S.-based futures exchanges. The accountability levels establish a threshold above with the exchange may exercise greater scrutiny and control over the Fund’s positions.
The value of Bitcoin futures is determined by reference to the CME CF Bitcoin Reference Rate (“BBR”), which is designed to provide an indication of the price of Bitcoin across certain cash Bitcoin exchanges. The Fund seeks to invest in cash settled, front-month Bitcoin futures. Front-month Bitcoin futures contracts are those contracts with the shortest time to maturity. The Fund expects to invest in the Bitcoin futures throughawholly-ownedsubsidiaryoftheFund,ONEFUNDInternationalLtd,organizedunderthelawsoftheCaymanIslandsandadvisedby theAdviser(the“Subsidiary”).TheFundgenerallyexpectstoinvestinBitcoinfuturescontractsintheSubsidiary.TheSubsidiaryandtheFund will have the same investment adviser. The Subsidiary will also follow the same general investment policies and restrictions as the Fund. Except as noted herein, references to the Fund’s investment strategies and risks include those of the Subsidiary.The Fund complies with the provisionsoftheInvestmentCompanyActof1940,asamended(“1940Act”)governinginvestmentpoliciesandcapitalstructureandleverage onanaggregatebasiswiththeSubsidiary.Furthermore,theAdviser,astheinvestmentadvisertotheSubsidiary,complieswiththeprovisions of the 1940 Act relating to investment advisory contracts as it relates to its advisory agreement with the Subsidiary. The Subsidiary also complies with the provisions of the 1940Act relating to affiliated transactions and custody. Because the Fund intends to qualify for treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), the size of the Fund’s investment in the Subsidiary generally may not exceed 25% of the Fund’s total assets by value at each quarter end of the Fund’s fiscal year. The Subsidiary’s custodian is U.S. Bank National Association.
In order to seek to track the S&P CME Bitcoin Futures Index by investing in Bitcoin futures contracts, the Fund must sell its futures contracts as they near expiration and replace them with new futures contracts with a later expiration date. TheAdviser anticipates that this “roll” of the futures contracts will normally occur shortly before the expiration of the current month contract in the last week of the month. However, such timing may change due to market conditions. Futures contracts with a longer term to expiration may be priced higher than futures contracts with a shorter term to expiration (e.g. trading at “contango”). Bitcoin futures have historically experienced extended periods of contango. Contango in the Bitcoin futures market may have a significant adverse impact on the performance of the Fund and may cause it tosignificantly deviate from the performance of the Index.
InadditiontoitsinvestmentinBitcoinfuturescontracts,theFund(ortheSubsidiary,asapplicable)willinvestinhighqualitysecuritiesthatare designed to satisfy the “margin” requirements applicable to the Fund’s investments in futures contracts. Such high-quality investments may include: (1) U.S. Government securities; (2) money market funds; and/or (3) short-term corporate debt securities, such as commercial paper. Such high-quality securities may be posted with the Fund’s futures commission merchant in order to satisfy the Fund’s obligations under the applicable futures contracts.
TheFunddoesnotdirectlyinvestin,orseekdirectexposureto,thecurrent“spot”orcashpriceofBitcoin.Investorsseekingdirect exposure to the price of Bitcoin should consider an investment other than the Fund.
Read More

INDEX - Performance

Return Ranking - Trailing

Period INDEX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.1% -53.3% 47.6% 29.18%
1 Yr 28.5% -53.0% 47.8% 28.35%
3 Yr 8.2%* -24.7% 16.4% 59.19%
5 Yr 12.7%* -10.4% 108.3% 61.05%
10 Yr N/A* -0.6% 52.3% N/A

* Annualized

Return Ranking - Calendar

Period INDEX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -42.6% 47.4% 86.36%
2022 -14.5% -56.3% -4.2% 9.21%
2021 26.7% -27.2% 537.8% 6.72%
2020 11.0% -22.5% 2181.7% 53.71%
2019 26.9% -13.5% 40.4% 28.85%

Total Return Ranking - Trailing

Period INDEX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.1% -53.3% 47.6% 29.18%
1 Yr 28.5% -53.0% 47.8% 28.35%
3 Yr 8.2%* -24.7% 16.4% 59.19%
5 Yr 12.7%* -10.4% 108.3% 61.05%
10 Yr N/A* -0.6% 52.3% N/A

* Annualized

Total Return Ranking - Calendar

Period INDEX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -5.0% 47.4% 95.17%
2022 -11.8% -36.8% -2.2% 13.99%
2021 29.1% 3.0% 537.8% 17.62%
2020 12.8% -15.8% 2266.0% 77.21%
2019 29.0% -0.4% 241.3% 59.93%

NAV & Total Return History

INDEX - Holdings

Concentration Analysis

INDEX Category Low Category High INDEX % Rank
Net Assets 126 M 2.34 M 1.84 T 86.40%
Number of Holdings 507 2 3963 17.16%
Net Assets in Top 10 43.6 M 880 K 525 B 87.40%
Weighting of Top 10 34.49% 0.3% 111.6% 60.28%

Top 10 Holdings

  1. Apple, Inc. 7.24%
  2. Microsoft Corp. 6.54%
  3. NVIDIA Corp. 6.11%
  4. Amazon.com, Inc. 3.56%
  5. Meta Platforms, Inc. 2.56%
  6. Alphabet, Inc. 1.99%
  7. Berkshire Hathaway, Inc. 1.72%
  8. Broadcom, Inc. 1.64%
  9. Alphabet, Inc. 1.64%
  10. Tesla, Inc. 1.48%

Asset Allocation

Weighting Return Low Return High INDEX % Rank
Stocks 		100.01% 0.00% 105.79% 3.48%
Preferred Stocks 		0.00% 0.00% 2.15% 65.34%
Other 		0.00% -13.91% 100.00% 74.54%
Convertible Bonds 		0.00% 0.00% 5.54% 64.56%
Cash 		0.00% 0.00% 99.07% 98.34%
Bonds 		0.00% 0.00% 93.85% 66.83%

Stock Sector Breakdown

Weighting Return Low Return High INDEX % Rank
Technology 		14.45% 0.00% 48.94% 91.47%
Industrials 		14.09% 0.00% 29.90% 10.30%
Financial Services 		13.51% 0.00% 55.59% 48.31%
Healthcare 		13.02% 0.00% 52.29% 78.72%
Consumer Cyclical 		12.00% 0.00% 30.33% 18.33%
Consumer Defense 		7.37% 0.00% 47.71% 31.59%
Utilities 		6.19% 0.00% 20.91% 4.98%
Real Estate 		5.66% 0.00% 31.91% 5.24%
Energy 		4.95% 0.00% 41.64% 26.18%
Basic Materials 		4.39% 0.00% 25.70% 17.15%
Communication Services 		4.36% 0.00% 27.94% 88.01%

Stock Geographic Breakdown

Weighting Return Low Return High INDEX % Rank
US 		100.01% 0.00% 105.79% 3.15%
Non US 		0.00% 0.00% 63.83% 70.32%

INDEX - Expenses

Operational Fees

INDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.01% 19.75% 34.14%
Management Fee 0.95% 0.00% 1.90% 95.50%
12b-1 Fee 0.00% 0.00% 1.00% 13.83%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

INDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

INDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.25% 0.25% 2.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

INDEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 0.00% 268.00% 80.39%

INDEX - Distributions

Dividend Yield Analysis

INDEX Category Low Category High INDEX % Rank
Dividend Yield 1.33% 0.00% 25.47% 43.47%

Dividend Distribution Analysis

INDEX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

INDEX Category Low Category High INDEX % Rank
Net Income Ratio 1.37% -54.00% 2.44% 9.92%

Capital Gain Distribution Analysis

INDEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

INDEX - Fund Manager Analysis

Managers

Michael Willis

Start Date

Tenure

Tenure Rank

Apr 30, 2015

7.09

7.1%

Michael G. Willis is president and lead portfolio manager of ONEFUND, LLC. Mr. Willis has served as a portfolio manager for ONEFUND, LLC since 2004. Mr. Willis has also served as President of Index Funds since 2006. Prior to that, he was a senior vice president of UBS Financial Services, Inc. from 2003 to 2004. From 1999 to 2003, he was a senior vice president-investment of PaineWebber. He also served as first vice president of Smith Barney from 1994 to 1999.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.29 2.42

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