Abacus FCF Leaders ETF
(ABFL)
Abacus FCF Leaders ETF
(ABFL)
Fund Investment Objective
The Abacus FCF Leaders ETF (ABFL) seeks to generate long-term capital appreciation by identifying the most profitable companies through a systematic approach.
Disciplined and consistent investment process
driven by quantitative models.
Access to “high quality” companies identified by
free cash flow research.
ESG considerations beyond company
fundamentals are an integral part of the “high
quality” decision.
Fund Investment Objective
The Abacus FCF Leaders ETF (ABFL) seeks to generate long-term capital appreciation by identifying the most profitable companies through a systematic approach.
Disciplined and consistent investment process
driven by quantitative models.
Access to “high quality” companies identified by
free cash flow research.
ESG considerations beyond company
fundamentals are an integral part of the “high quality” decision.
Why Invest in ABFL?
- High Conviction Ideas: Focus on a select group of international market-leading companies with exceptional FCF-ROIC, demonstrating superior cash flow fundamentals for sustainable long-term returns potential.
- Disciplined Risk Management: Balance high-conviction, profitable and quality stock selection with a risk-adjusted, diversified portfolio construction with downside protection while capturing upside potential.
- Adaptive to Business Cycle: Utilizes dynamic allocation that continuously adapts to evolving global market conditions by reassessing FCF-ROIC leaders, ensuring the portfolio remains aligned with current opportunities.
- Proven Methodology: Backed by nearly 30 years of empirical validation and academic research, offering a time-tested, transparent and repeatable systematic investment process.
A disciplined and repeatable investment process backed by nearly 30 years of empirical validation and academic research.
Fund Information
EXCHANGE: | CBOE BZX Exchange, Inc. |
TICKER: | ABFL |
CUSIP: | 89628W302 |
INCEPTION DATE: | September 27, 2016 |
NET ASSETS AS OF 03/26/2025: | $654,747,606 |
SHARES OUTSTANDING: | 10,000,000 |
CLOSING PRICE: | $65.47 |
NAV: | $65.47 |
PREMIUM/DISCOUNT: | -0.01% |
GROSS/NET EXPENSE RATIO: | 0.49% |
30-DAY SEC YIELD AS OF 2/28/2025: | 0.80%** |
MEDIAN 30 DAY BID/ASK SPREAD: | 0.11% |
Why Invest in ABFL?
- High Conviction Ideas: Focus on a select group of international market-leading companies with exceptional FCF-ROIC, demonstrating superior cash flow fundamentals for sustainable long-term returns potential.
- Disciplined Risk Management: Balance high-conviction, profitable and quality stock selection with a risk-adjusted, diversified portfolio construction with downside protection while capturing upside potential.
- Adaptive to Business Cycle: Utilizes dynamic allocation that continuously adapts to evolving global market conditions by reassessing FCF-ROIC leaders, ensuring the portfolio remains aligned with current opportunities.
- Proven Methodology: Backed by nearly 30 years of empirical validation and academic research, offering a time-tested, transparent and repeatable systematic investment process.
A disciplined and repeatable investment process backed by nearly 30 years of empirical validation and academic research.
Fund Information
EXCHANGE: | CBOE BZX Exchange, Inc. |
TICKER: | ABFL |
CUSIP: | 89628W302 |
INCEPTION DATE: | September 27, 2016 |
NET ASSETS AS OF 03/26/2025: | $654,747,606 |
SHARES OUTSTANDING: | 10,000,000 |
CLOSING PRICE: | $65.47 |
NAV: | $65.47 |
PREMIUM/DISCOUNT: | -0.01% |
GROSS/NET EXPENSE RATIO: | 0.49% |
30-DAY SEC YIELD AS OF 2/28/2025: | 0.80%** |
MEDIAN 30 DAY BID/ASK SPREAD: | 0.11% |
Investor Materials
Investor Materials
Performance
QUARTER END PERFORMANCE (as of 12/31/2024)
Performance
QUARTER END PERFORMANCE (as of 12/31/2024)
NAME | QUARTER | 1 YR | 3 YR | 5 YR | ANNUALIZED SINCE INCEPTION |
---|---|---|---|---|---|
ABFL (Market) | 2.10% | 18.26% | 7.49% | 13.95% | 14.56% |
ABFL (NAV) | 2.11% | 18.25% | 7.52% | 13.91% | 14.59% |
Russell 3000 TR USD | 2.63% | 23.81% | 8.01% | 13.86% | 14.28% |
Expense Ratio: 0.49%. 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 (toll free 800-617-0004). 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.
Top 10 Holdings (as of 03/26/2025)
Top 10 Holdings (as of 03/26/2025)
TICKER | CUSIP | SECURITY DESCRIPTION | SHARES | MARKET VALUE | % OF NET ASSETS |
---|---|---|---|---|---|
AAPL | 037833100 | Apple Inc | 173876 | $38,904,755.00 | 5.87% |
ABBV | 00287Y109 | AbbVie Inc | 107863 | $21,717,136.42 | 3.27% |
MA | 57636Q104 | Mastercard Inc | 38138 | $20,791,312.08 | 3.14% |
PM | 718172109 | Philip Morris International Inc | 129637 | $19,732,047.77 | 2.98% |
APP | 03831W108 | AppLovin Corp | 56875 | $19,695,243.75 | 2.97% |
SPOT | L8681T102 | Spotify Technology SA | 30951 | $19,062,101.88 | 2.87% |
BKNG | 09857L108 | Booking Holdings Inc | 3965 | $18,944,413.15 | 2.86% |
GILD | 375558103 | Gilead Sciences Inc | 161782 | $17,454,659.98 | 2.63% |
ADBE | 00724F101 | Adobe Inc | 43100 | $17,396,884.00 | 2.62% |
BMY | 110122108 | Bristol-Myers Squibb Co | 290773 | $17,210,853.87 | 2.60% |
Holdings are subject to change without notice.
Premium Discount
Premium Discount
Abacus FCF Leaders ETF (ABFL)
January 3, 2023 to December 31, 2024
Abacus FCF Leaders ETF (ABFL)
January 3, 2023 to December 31, 2024

CALENDAR YEAR 2023 | CALENDAR YEAR 2024 THROUGH DECEMBER 31, 2024 | |
---|---|---|
Days Traded at premium | 120 | 167 |
Days Traded at net asset value | 0 | 1 |
Days Traded at discount | 130 | 84 |
This table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market prices.

CALENDAR YEAR 2023 | CALENDAR YEAR 2024 THROUGH DECEMBER 31, 2024 | |
---|---|---|
Days Traded at premium | 120 | 167 |
Days Traded at net asset value | 0 | 1 |
Days Traded at discount | 130 | 84 |
This table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market prices.
Distribution
DISTRIBUTION DETAIL
Distribution
DISTRIBUTION DETAIL
EX-DATE | RECORD DATE | PAYABLE DATE | AMOUNT |
---|---|---|---|
12/28/2016 | 12/30/2016 | 01/03/2017 | $0.05201334 |
12/28/2017 | 12/29/2017 | 01/02/2018 | $0.13543914 |
12/28/2018 | 12/31/2018 | 01/02/2019 | $0.19421874 |
12/30/2019 | 12/31/2019 | 01/02/2020 | $0.28392249 |
12/30/2020 | 12/31/2020 | 01/04/2021 | $0.18938275 |
12/30/2021 | 12/31/2021 | 01/03/2022 | $5.31943352 |
12/28/2022 | 12/29/2022 | 12/30/2022 | $0.63305467 |
3/3/2023 | 3/6/2023 | 3/7/2023 | $0.17573162 |
6/5/2023 | 6/6/2023 | 6/7/2023 | $0.13587885 |
9/6/2023 | 9/7/2023 | 9/8/2023 | $0.11321650 |
12/14/2023 | 12/15/2023 | 12/18/2023 | $0.10957982 |
3/5/2024 | 3/6/2024 | 3/7/2024 | $0.08607475 |
6/10/2024 | 6/10/2024 | 6/11/2024 | $0.10970071 |
9/27/2024 | 9/27/2024 | 9/30/2024 | $0.18507630 |
12/30/2024 | 12/30/2024 | 12/31/2024 | $0.08339558 |
The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about investment company, and it may be obtained by calling +1 (800) 617-0004. Read it carefully before investing.
Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.
**The 30-Day SEC Yield is computed under an SEC standardized formula based on net income earned over the past 30 days.
There is no guarantee that ABFL will achieve its investment objective. Investing involves risk, including the possible loss of principal. Because the Fund is an ETF (rather than a mutual fund), shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemable. Owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, consisting of 25,000 shares. Brokerage commissions will reduce returns.
Investments in the Fund include risks associated with small- and mid-cap securities, which involve limited liquidity and greater volatility than large-cap securities. The evaluation of ESG ratings may expose the Fund’s portfolio to certain issuers or industries and may not work as intended. There is no guarantee that screening the Fund’s portfolio or individual securities based on their ESG ratings will increase the Fund’s performance.
ESG investing is defined as utilizing environmental, social, and governance (ESG) criteria as a set of standards for a company’s operations that socially conscious investors use to screen potential investments.
The Morningstar Sustainability Rating™ above, is intended to measure how well the issuing companies of the securities within a fund’s portfolio holdings are managing their financially material environmental, social and governance, or ESG, risks relative to the fund’s Morningstar Global Category peers The Morningstar Historical Sustainability Score is a weighted average of the trailing 12 months Morningstar Portfolio Sustainability Scores. More-recent portfolios are weighted more heavily than older portfolios. Based on their Morningstar Historical Sustainability Score, funds are assigned absolute category and percent ranks within their Morningstar Global Categories. Higher ratings are better and indicate that a fund has, on average, more assets invested in companies that have lower ESG risk as characterized by Sustainalytics. The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. Morningstar updates its Sustainability Ratings monthly and uses Sustainalytics’ ESG scores from the same month as the portfolio’s as-of-date. Visit http://corporate1.morningstar.com/SustainableInvesting/ for more detailed information about the methodology and calculation frequency.
The Russell 3000® Index measures the performance of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The Index measures the performance of approximately 98% of the total market capitalization of the publicly traded U.S. equity market. It is not possible to invest directly in an index. Free cash flow is the cash that a company has available after subtracting operating expenditures and accounting for future organic growth. Upside/Downside Ratio is a technical indicator that shows the relationship between the volumes of advancing and declining issues on an exchange. Returns-based style analysis is a statistical technique used in finance to deconstruct the returns of investment strategies using a variety of explanatory variables. The model results in a strategy’s exposures to asset classes or other factors, interpreted as a measure of a fund or portfolio manager’s style.
We define “high-quality” companies as those exhibiting a strong and sustainable financial position, that have the potential to generate organic growth over the long-term.
Free Cash Flow (FCF) represents the cash that a company is able to generate after accounting for capital expenditures.
Market Price: The current price at which shares are bought and sold. Market returns are based upon last trade price. NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Opinions expressed are subject to change, are not guaranteed, and should not be considered investment advice.
The FCF ETFs are distributed by Quasar Distributors, LLC.
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