Acquirers Funds, LLC is a deep-value investment firm managed by Tobias Carlisle.
Our investment process begins with The Acquirer’s Multiple® The Acquirer’s Multiple® is defined in the book The Acquirer's Multiple as Enterprise Value / Operating Earnings. , the measure used by activists and buyout firms to identify potential targets. We believe deeply undervalued and out-of-favor stocks offer asymmetric returns, with the potential for limited downside and a greater upside.

Acquirers Fund on Bloomberg

Tobias Carlisle Speaks to Scarlet Fu*

The Acquirers Fund [ZIG:NYSE]

The Acquirers Fund is a long/short U.S. equity ETF. The Fund tracks The Acquirer's Index, which comprises long and short stock portfolios from the U.S. large and mid-cap universe. The long portfolio is rebalanced quarterly to hold those stocks at the deepest discount to Acquirers' assessment of value, and the strongest fundamentals. The short portfolio is rebalanced quarterly to weight those stocks at the greatest premium to Acquirers' assessment of value, with the weakest fundamentals.

Net Assets as of 02/19/2020 $16.65m
NAV $26.65
Shares Outstanding 625,000
Premium/discount Percentage 0.13%
Closing Price $26.68

Data as of 02/19/2020

IOPV, or indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every fifteen seconds throughout the trading day.

PERFORMANCE Quarter end returns as of 12/31/2019
  Quarter 1 Year 3 Year Since Inception
Market Price 10.50% xx.xx% xx.xx% 9.44%
Fund NAV 10.54% xx.xx% X.XX% 9.31%
The Acquirers Index ** 10.78% xx.xx% xx.xx% 10.37%

Expense ratio: 0.94

The Adviser has contractually agreed to waive fees through August 31, 2020.

Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 1-646-535-8629.

Short term performance, in particular, is not a good indication Of the fund's future performance, and an investment should not be made based solely on returns.

EX- Date Record Date Payable Date Amount
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets Name Identifier Shares Held Market Value
20.75% Cash & Other Cash&Other 3,455,582 3,455,582.33
3.96% MOLINA HEALTHCARE INC MOH 4,292 660,281.28
3.90% BIOGEN INC BIIB 1,905 649,681.20
3.83% ALLSTATE CORP ALL 5,131 637,578.06
3.81% FIRST AMERN FINL CORP FAF 9,730 634,979.80
3.75% MICRON TECHNOLOGY INC MU 10,415 624,795.85
3.75% HP INC HPQ 27,820 624,002.60
3.67% EVERCORE INC EVR 7,487 611,088.94
3.64% MERCURY GENL CORP NEW MCY 11,791 606,057.40
3.60% SOUTHWEST AIRLS CO LUV 10,493 599,255.23

Data as of 02/20/2020. Holdings are subject to change.

Contact Us

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21515 Hawthorne Blvd.,
Suite 200, PMB#82,
Torrance, CA 90503


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