Key stats
About Tidal Trust III Azoria 500 Meritocracy ETF
Home page
Inception date
Jul 8, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
SPXM seeks long-term capital appreciation by investing in 400500 US large-cap companies, excluding firms with publicly disclosed DE&I hiring policies. The fund strategy runs on the premise that firms hiring based on skill and ability, without explicit quantitative demographic hiring targets, will outperform those hiring based on race and gender. Using a proprietary research methodology, the fund reviews public filings (e.g., 10-Ks, ESG reports, diversity statements, corporate social responsibility reports) to identify and exclude companies with DE&I hiring policies. The fund may also verify the accuracy of public disclosures by contacting investor relations when possible. The market cap-weighted portfolio is monitored on an ongoing basis, with quarterly reviews and reallocation. As an actively managed ETF, the fund manager has full discretion to adjust the portfolio at any time, including in response to market developments, liquidity, and other factors.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPXM trades at 20.11 USD today, its price has fallen −0.35% in the past 24 hours. Track more dynamics on SPXM price chart.
SPXM assets under management is 1.51 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPXM fund flows account for 1.50 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPXM invests in stocks. See more details in our Analysis section.
SPXM expense ratio is 0.47%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPXM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, SPXM doesn't pay dividends to its holders.
SPXM trades at a premium (0.14%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPXM shares are issued by Tidal Investments LLC
SPXM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 8, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.