ETF Evaluator:
Longview Advantage ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
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Risk
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ETF Details
Longview Advantage ETF Overview
Longview Advantage ETF (EBI) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Longview Funds launched the ETF in 2025.
The investment seeks long-term capital appreciation.
The fund invests primarily in equity securities of a diverse group of U.S. companies across market sectors, market capitalizations, and industry groups. Equity securities in which the fund may invest include common stock and derivative instruments that give exposure to equities, such as futures contracts, including futures contracts of U.S. indices.
About Longview Advantage ETF (EBI)
There are 1 members of the management team with an average tenure of 1.43 years: Matthew Zenz (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Longview Advantage ETF has 1720 securities in its portfolio. The top 10 holdings constitute 25.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Longview Advantage ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Longview Advantage ETF has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Longview Advantage ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $673 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EBI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Longview Advantage ETF expense ratio is below average compared to funds in the Large Blend category. Longview Advantage ETF has an expense ratio of 0.24%, which is 42% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Longview Advantage ETF has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Longview Advantage ETF returned 1.3%, which earned it a grade of B, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Longview Advantage ETF has a trailing yield of 1.10%, which is below the 1.16% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Longview Advantage ETF Grades
Year to date, the ETF has returned 16.9%, 7.4 percentage points better than the category, which translates into a grade of A. The fund has returned 28.4% over the past year (grade of A).
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EBI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EBI Return (NAV) | 1.3% | 5.7% | 28.4% | na | na | na |
| EBI Return (Price) | 1.4% | 5.8% | 28.6% | na | na | na |
| NAV +/- Price Return | -0.080% | -0.113% | -0.183% | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| EBI Grade (NAV) | B | A | A | na | na | na |
| +/- Category (NAV) | 2.1% | 2.0% | 10.9% | na | na | na |
| EBI Tax-Cost Ratio | na | na | 0.5% | na | na | na |
EBI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EBI Return (NAV) | 16.9% | na | na | na | na | na | na | na | na | na | na |
| EBI Return (Price) | 17.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| EBI Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 7.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.1% |
| Total Assets: | $ 674 Mil |
| Share Class Assets: | $ 674 Mil |
| Turnover: | 7.0% |
| Expense Ratio: | 0.24% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Zenz Matthew (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1720 |
| % in Top 10 Holdings: | 25.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.9% |
Portfolio Allocation |
|
| Domestic Stock: | 99.1% |
| Foreign Stock: | 0.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Longview Funds |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | February 25, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.24% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
