{
 "ticker": "TSES",
 "name": "Truth Social American Energy Security ETF",
 "issuer": "not established",
 "desk": "themes",
 "url": "https://etfiq.com/funds/TSES",
 "html": "https://etfiq.com/funds/TSES",
 "markdown": "https://etfiq.com/funds/TSES.md",
 "as_of": "2026-09-11",
 "verdict": "TSES holds 70 stocks, and 12% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "88.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSES, already in the S&P 500: 88.4%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "94.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSES, active share vs the S&P 500: 94.7%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "46.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSES, top ten holdings: 46.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+28.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TSES, total return, since launch: +28.1%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TSES, net assets: $8m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Dec 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "TSES, expense ratio: 0.65% (485BPOS XBRL, Dec 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy security and critical technology",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Dec 30, 2025",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "88.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "94.7%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "11.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "98.3%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "46.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "70",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Exxon Mobil Corp 6.9%, Chevron Corp 6.9%, Eaton Corp PLC 6.0%, GE Vernova Inc 4.7%, ConocoPhillips 4.3%, Quanta Services Inc 3.7%, NextEra Energy Inc 3.6%, Southern Co/The 3.5%, Duke Energy Corp 3.4%, Williams Cos Inc/The 3.0%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22120.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Dec 23, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.69%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "POWR 49%, ZAP 41%, IVEP 38%, IFRA 38%, AIPO 34%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+4.8%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+1.5 pts",
   "Gap to Nasdaq-100": "+5.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "+7.5%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22128.5 pts",
   "Gap to Nasdaq-100": "\u221213.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+28.1%",
   "S&P 500": "+11.8%",
   "Gap to S&P 500": "+16.3 pts",
   "Gap to Nasdaq-100": "+12.4 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of TSES is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 88% of TSES by weight is stocks the S&P 500 already holds. Its active share against the index is 95%, so that share is the part doing something different."
  },
  {
   "q": "What does TSES hold?",
   "a": "70 positions as filed for Jun 30, 2026, with the top ten at 46% of the fund. The largest are Exxon Mobil Corp at 6.9%, Chevron Corp at 6.9%, Eaton Corp PLC at 6.0%."
  },
  {
   "q": "Has TSES beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 TSES returned +28.1% with distributions reinvested, against +11.8% for the S&P 500, so it finished ahead of the index by 16.2 points."
  },
  {
   "q": "What does TSES cost?",
   "a": "The prospectus expense ratio is 0.65% a year. Because 95% of the fund differs from the S&P 500, the fee on that differing part works out at 0.69%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}