ETF Evaluator:
Optimized Equity Income ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
Index
Risk
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ETF Details
Optimized Equity Income ETF Overview
Optimized Equity Income ETF (OEI) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Core Alternative Capital launched the ETF in 2025.
The investment seeks long-term capital appreciation with current income as a secondary consideration.
The fund manager seeks to achieve fund's investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. Equity securities include common stocks and other instruments that represent an ownership interest or right to acquire an ownership interest in a company. The fund manager generally expects to invest closer to 90% of its assets in such securities. The fund is non-diversified.
About Optimized Equity Income ETF (OEI)
There are 2 members of the management team with an average tenure of 0.78 years: David Pursell (2025) and Peter simasek (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Optimized Equity Income ETF has 99 securities in its portfolio. The top 10 holdings constitute 38.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Optimized Equity Income ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Optimized Equity Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.4% There is 0.0% 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). Optimized Equity Income ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $46 million in total assets, which is below the $5 billion average for the Large Value 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.
OEI 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 Optimized Equity Income ETF expense ratio is above average compared to funds in the Large Value category. Optimized Equity Income ETF has an expense ratio of 0.75%, which is 101% higher than its category average, making the fund expense ratio grade a F. 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. Optimized Equity Income ETF has a portfolio turnover rate of 1%, which indicates that it holds its assets around / 1.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Optimized Equity Income ETF returned 1.5%, which earned it a grade of D, as the Large Value category had an average return of 2.4%. 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.
Optimized Equity Income ETF has a trailing yield of 0.00%, which is below the 1.70% category average.
The fund normally distributes its income monthly 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.
Optimized Equity Income ETF Grades
Year to date, the ETF has returned 6.8%, 7.6 percentage points worse than the category, which translates into a grade of F.
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OEI 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 |
|
| OEI Return (NAV) | 1.5% | 3.3% | na | na | na | na |
| OEI Return (Price) | 1.7% | 3.3% | na | na | na | na |
| NAV +/- Price Return | -0.220% | -0.024% | na | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| OEI Grade (NAV) | D | F | na | na | na | na |
| +/- Category (NAV) | -0.9% | -2.6% | na | na | na | na |
| OEI Tax-Cost Ratio | na | na | na | na | na | na |
OEI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OEI Return (NAV) | 6.8% | na | na | na | na | na | na | na | na | na | na |
| OEI Return (Price) | 6.9% | 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 Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| OEI Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -7.6% | 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: | -- |
| Total Assets: | $ 46 Mil |
| Share Class Assets: | $ 46 Mil |
| Turnover: | 1.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Pursell David (2025), simasek Peter (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 99 |
| % in Top 10 Holdings: | 38.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.1% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Core Alternative Capital |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | October 21, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.37% |
