THOR Low Volatility ETF (THLV US)
THLV US$31.93
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 31.93
- Change
- ▲ 0.18 (0.56)
- Bid / Ask
- 31.92 - 31.95
- Volume
- 20
- Turnover
- 3,418
- Open
- 31.92
- Day Range
- 31.92 - 31.93
- VWAP
- 31.65
- Prev Close
- 31.75
- Last Trade
- 29/10 4:10pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$55.7M
OCT 2026
Distributions
Annually
Since inception
4.1 yrs
SEP 2022
- Legal name
- THOR Equal Weight Low Volatility ETF
- Issuer
- THOR
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Tactical Allocation
- Category index
- Morningstar Mod Tgt Risk TR USD
- Benchmark
- S&P 500 (TR) (1970)
- ETF net assets
- $55.7M
- Units on issue
- 1.8M
- Management fee
- 0.55% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 12 SEP 2022
- Listed
- 1 FEB 2023
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR Equal Weight Low Volatility Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the index. The rules-based index is comprised of U.S. equity exchange traded funds (“ETFs”). The primary goal of the index is to gain exposure to U.S. large cap equities while attempting to lower volatility by avoiding sectors that are currently in a down trending cycle.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 59.94%Non-US equity 0.43%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 60.37 | 60.37 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 39.63 | 40.18 | 0.55 |
| Other | 0.00 | 0.00 | 0.00 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 33.22%Sensitive 31.82%Defensive 34.96%
- Healthcare
- 34.96%
- Financial Services
- 33.22%
- Technology
- 31.74%
- Industrials
- 0.08%
- Basic Materials
- 0.00%
- Consumer Cyclical
- 0.00%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 0.00%
- Consumer Defensive
- 0.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 99.83%Emerging markets 0.17%
- North America
- 99.29%
- Europe Developed
- 0.54%
- Asia Emerging
- 0.11%
- Latin America
- 0.05%
- United Kingdom
- 0.00%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 99.29%
- Switzerland
- 0.54%
- China
- 0.11%
- Mexico
- 0.05%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Value
- Average moat
- Wide
Size score
259
Small
Mid
Large
Value-growth score
88
Value
Blend
Growth
Economic moat
Wide 63%Narrow 29%None 8%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 31.64%
- Large
- 46.83%
- Mid
- 20.31%
- Small
- 1.22%
- Micro
- 0.00%
Giant 32%Large 47%Mid 20%Small 1%
- Average market cap
- $344.33B
- Number of holdings
- 4
- Shares held
- 0
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 22.73
- Price / book
- 3.98
- Price / sales
- 2.79
- Price / cash flow
- 20.60
- Dividend yield
- 1.24%
- Assets in top 10
- 100.55%
- Return on equity
- 32.92%
- Net margin
- 25.14%
- Earnings growth (3 yr)
- 17.03%
Top holdings · top 10 = 100.00% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| State Street® SPDR® Blmbg1-3MthT-BillETF BIL | 40.52 | — | 21.8M | USD | 238,333 | — | United States | |
| State Street®TechSelSectSPDR®ETF XLK | 20.31 | — | 10.9M | USD | 55,933 | — | United States | |
| State Street®HlthCrSelSectSPDR®ETF XLV | 20.07 | — | 10.8M | USD | 64,230 | — | United States | |
| State Street®FinSelSectSPDR®ETF XLF | 19.73 | — | 10.6M | USD | 199,125 | — | United States | |
| Us Dollars | -0.62 | — | -335,010 | — | 335,010 | — | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-4.0
3M
-6.6
6M
-2.6
YTD
4.3
1Y
5.4
3Y
10.7
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -3.98 | -3.90 | -3.93 | 88 / 261 |
| 3 months | -6.57 | -6.47 | -6.44 | 97 / 261 |
| 6 months | -2.60 | -2.28 | -2.33 | 98 / 253 |
| Year to date | 4.32 | 4.39 | 4.75 | 74 / 245 |
| 1 year | 5.43 | 5.71 | 6.01 | 81 / 241 |
| 3 years p.a. | 10.68 | 10.73 | 11.29 | 68 / 229 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2023
5.9
2024
9.5
2025
10.5
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 10.51 | 8.58 | 88 / 239 |
| 2024 | 9.54 | 8.18 | 97 / 246 |
| 2023 | 5.90 | 3.10 | 99 / 241 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -1.61 | -1.38 | — | — |
| Beta | 0.81 | 0.89 | — | — |
| R-squared | 50.70 | 59.70 | — | — |
| Standard deviation | 11.16 | 10.47 | — | — |
| Sharpe ratio | 0.18 | 0.59 | — | — |
| Sortino ratio | 0.29 | 0.93 | — | — |
| Tracking error | 8.07 | 6.71 | — | — |
| Information ratio | -0.34 | -0.40 | — | — |
| Upside capture % | 95.57 | 95.76 | — | — |
| Downside capture % | 118.83 | 120.19 | — | — |
| Maximum drawdown % | -4.18 | -8.09 | — | — |
Measured against Morningstar Mod Tgt Risk TR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
49.7
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.039
- Best quarter
- 11.39% · FEB 2026
- Worst quarter
- -8.04% · OCT 2023
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.55% p.a.
- PDS dated
- 1 JAN 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.5295
- Ex Date
- 12 DEC 2025
- Record Date
- 12 DEC 2025
- Pay Date
- 17 DEC 2025
- NAV at ex date
- 29.93
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.5
2023
0.3
2022
0.7
2021
0.2
| Year | Per unit ($) |
|---|---|
| 2024 | 0.5295 |
| 2023 | 0.3451 |
| 2022 | 0.6909 |
| 2021 | 0.1530 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 12 DEC 2025 | 0.5295 |
| 12 DEC 2024 | 0.3451 |
| 14 DEC 2023 | 0.6909 |
| 15 DEC 2022 | 0.1530 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
20.30
Negligible
Low
Medium
High
Severe
Category average 19.67
- Rank in category
- 72nd percentile of 2,879 funds
- Environmental risk
- 7.03
- Social risk
- 8.40
- Governance risk
- 4.87
- Portfolio covered
- 99.8%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 1.75%
- Low
- 51.70%
- Medium
- 38.34%
- High
- 8.21%
- Severe
- 0.00%
5.01% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
11.01
Low
Medium
High
Severe
Category average 9.18
- Carbon risk
- Medium Risk
- Rank in category
- 95th percentile of 606 funds
- Fossil fuel involvement
- 19.62%
- Category average
- 10.40%
- Low Carbon Designation
- No
- Portfolio covered
- 99.8%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Bradley Roth
- Cameron Roth
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 4.1 years
- Longest tenure
- 4.1 years
- Longest serving
- Bradley Roth, Cameron Roth · since 12 SEP 2022
- Most recent appointment
- Bradley Roth, Cameron Roth · since 12 SEP 2022
- Managed since
- 12 SEP 2022
- Other funds managed
- 2
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
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