ETF Evaluator:
Truth Social American Security & DfnsETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Industrials Over the Last Year
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| 45.9% | Aztlan NA Nearshoring Stk Sel ETF (NRSH) |
| 39.7% | US Global Sea to Sky Cargo ETF (SEA) |
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ETF Details
Truth Social American Security & DfnsETF Overview
Truth Social American Security & DfnsETF (TSSD) is a passively managed Sector Equity Industrials 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 Security & Defense 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 derive a significant portion of their revenues from activities supporting U.S. national security and defense industries. The fund is non-diversified.
About Truth Social American Security & DfnsETF (TSSD)
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 YKV American S&D TR USD index with a weighting of 100%. Truth Social American Security & DfnsETF has 65 securities in its portfolio. The top 10 holdings constitute 61.4% 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 Security & DfnsETF is part of the Equity global asset class and is within the Sector Equity ETF group. Truth Social American Security & DfnsETF has 0.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.5% There is 0.1% 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 Security & DfnsETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $1 billion average for the Industrials 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.
TSSD 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 Security & DfnsETF expense ratio is above average compared to funds in the Industrials category. Truth Social American Security & DfnsETF has an expense ratio of 0.65%, which is 28% 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 Security & DfnsETF 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 40% for the Industrials category.
Recently, in the month of July 2026, Truth Social American Security & DfnsETF returned 2.7%, which earned it a grade of A, as the Industrials category had an average return of -4.0%. 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 Security & DfnsETF has a trailing yield of 0.00%, which is below the 1.11% 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 Security & DfnsETF Grades
Year to date, the ETF has returned 16.6%, 4.0 percentage points better than the category, which translates into a grade of B.
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TSSD 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 |
|
| TSSD Return (NAV) | 2.7% | 18.9% | na | na | na | na |
| TSSD Return (Price) | 2.9% | 19.2% | na | na | na | na |
| NAV +/- Price Return | -0.183% | -0.266% | na | na | na | na |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| TSSD Grade (NAV) | A | A | na | na | na | na |
| +/- Category (NAV) | 6.7% | 20.4% | na | na | na | na |
| TSSD Tax-Cost Ratio | na | na | na | na | na | na |
TSSD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TSSD Return (NAV) | 16.6% | na | na | na | na | na | na | na | na | na | na |
| TSSD Return (Price) | 16.6% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.000% | na | na | na | na | na | na | na | na | na | na |
| Industrials Avg | 12.6% | 27.1% | 14.2% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| TSSD Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.0% | 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: | $ 7 Mil |
| Share Class Assets: | $ 7 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | Truth Social YKV American S&D 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: | 65 |
| % in Top 10 Holdings: | 61.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.1% |
Portfolio Allocation |
|
| Domestic Stock: | 99.5% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.5% |
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 (%): | 0.51% |
