ETF Evaluator:
Truth Social American Next Frontiers ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Truth Social American Next Frontiers ETF Overview
Truth Social American Next Frontiers ETF (TSNF) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Yorkville America Investment Trust launched the ETF in 2025.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Truth SocialTM​ – Yorkville American Next Frontiers Index.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed companies that are at the forefront of innovation across a range of next-generation industries. The fund is non-diversified.
About Truth Social American Next Frontiers ETF (TSNF)
There are 1 members of the management team with an average tenure of 0.59 years: Matthew Tuttle (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Truth Social Yorkville AmericanNF TR USD index with a weighting of 100%. Truth Social American Next Frontiers ETF has 150 securities in its portfolio. The top 10 holdings constitute 9.5% 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.
Truth Social American Next Frontiers ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Truth Social American Next Frontiers ETF has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.6% 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). Truth Social American Next Frontiers ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $3 billion average for the Technology 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.
TSNF 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 Truth Social American Next Frontiers ETF expense ratio is above average compared to funds in the Technology category. Truth Social American Next Frontiers ETF has an expense ratio of 0.65%, which is 21% higher than its category average, making the fund expense ratio grade a D. 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. Truth Social American Next Frontiers ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Truth Social American Next Frontiers ETF returned -11.6%, which earned it a grade of D, as the Technology category had an average return of -9.8%. 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.
Truth Social American Next Frontiers ETF has a trailing yield of 0.00%, which is below the 0.45% 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.
Truth Social American Next Frontiers ETF Grades
Year to date, the ETF has returned 18.3%, 3.1 percentage points worse than the category, which translates into a grade of C.
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TSNF 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 |
|
| TSNF Return (NAV) | -11.6% | 3.4% | na | na | na | na |
| TSNF Return (Price) | -11.5% | 3.7% | na | na | na | na |
| NAV +/- Price Return | -0.103% | -0.256% | na | na | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| TSNF Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -1.8% | -3.9% | na | na | na | na |
| TSNF Tax-Cost Ratio | na | na | na | na | na | na |
TSNF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TSNF Return (NAV) | 18.3% | na | na | na | na | na | na | na | na | na | na |
| TSNF Return (Price) | 18.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.007% | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| TSNF Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -3.1% | 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: | $ 8 Mil |
| Share Class Assets: | $ 8 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | Truth Social Yorkville AmericanNF TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Tuttle Matthew (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 150 |
| % in Top 10 Holdings: | 9.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Yorkville America Investment Trust |
| Phone Number: | 201-985-8300 |
| Website: | https://www.truthsocialfunds.com/ |
| Inception Date: | December 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
