Emerald[…]

F/m Emerald Special Situations ETFSPIT

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Compare

$28.14+3.6%

+$0.99 · Nov 6 close

Buy

AUM: $31M
Fee: 0.89%
Yield: 6.6%

Bumpy · 1Y: 1.9×S&P
Volume: 884
NAV: $28.08

What's insideAll 47 →

AMZN 4.4%LIVN 4.2%TTI 4.2%SEI 4.0%

52-week range21% below the high

$23.69$35.78

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+3.6%	−8.5%	−17.7%	+8.5%	+8.9%	—	—	+14.1%
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

SPIT in One Breath

SPIT Among Its Peers

YTD

#1SPITEmerald+8.5%$31.0M

End-of-day Nov 9, 2026 · 1 ETFs by YTD

$10,000 in SPIT

$10,000 in SPIT became

$11,411

In the S&P 500 (VOO)

$11,075

Total return, dividends in · Oct 6, 2025 – Nov 6, 2026 · S&P 500 uses VOO

SPIT’s Top Holdings

Today

AMZNAmazon4.4%LIVN4.2%TTI4.2%SEI4.0%GH4.0%CVLT3.7%TTWO3.5%SKWD3.4%CORT3.4%EE3.3%REPL3.2%MDB3.1%FTAI2.8%ARLO2.8%P2.7%IDCC2.7%FRPT2.6%PLMR2.6%U2.4%BLLN2.4%NVDA2.4%CRDO2.2%25 more

AMZN4.4%LIVN4.2%TTI4.2%SEI4.0%GH4.0%CVLT3.7%TTWO3.5%SKWD3.4%CORT3.4%EE3.3%REPL3.2%MDB3.1%35 more

TechnologyHealthcareIndustrialsEnergyConsumer CyclicalFinancial ServicesOther

Emerald SPIT · 47 holdings · tile size = share of the fund · as of Nov 6, 2026

What SPIT Holds

Today

Technology29.0%

CVLT 3.7 · TTWO 3.5 · MDB 3.1 · ARLO 2.8 · P 2.7 · IDCC 2.7 · U 2.4

Healthcare25.2%

LIVN 4.2 · GH 4.0 · CORT 3.4 · REPL 3.2 · BLLN 2.4 · INSM 1.8 · TMDX 1.4

Industrials18.9%

FTAI 2.8 · AVAV 1.9 · MRCY 1.8 · BE 1.8 · AMSC 1.7 · MTZ 1.7 · BWXT 1.2

Energy11.8%

TTI 4.2 · SEI 4.0 · EE 3.3 · SOC

Consumer Cyclical5.7%

AMZN 4.4 · SBUX 1.3

Financial Services6.1%

SKWD 3.4 · PLMR 2.6 · OBIL

Communication Services4.6%

META 1.8

Emerald SPIT · share of the fund by sector · as of Nov 6, 2026

Amazon’s Share of SPIT

Today

4.4%

$44 of every $1,000 in SPIT is Amazon

Amazon held by SPIT

$1.4M

Most Amazon per dollar

TRUD25.7%

ONLN23.7%

VCR23.0%

XLY22.6%

Emerald SPIT · each square = $10 of $1,000 · as of Nov 6, 2026

SPIT’s Size vs Its Peers

Today

$31.0Mthe largest ETF

AUM · SPIT and the 0 largest peers · Nov 9, 2026

SPIT Fee per $100 vs Peers

Today

$0.89a year
per $100

$89 a year on $10,000

SPIT$0.89

Expense ratio · peers · Nov 9, 2026

Inside SPIT

45 holdings · as of Nov 6, 2026

SPIT

F/m Emerald Special Situations ETF

Today

Technology29.0%CVLT3.7%TTWO3.5%MDB3.1%ARLO2.8%P2.7%IDCC2.7%U2.4%NVDA2.4%CRDOLASRPANWHealthcare25.2%LIVN4.2%GH4.0%CORT3.4%REPL3.2%BLLN2.4%INSM1.8%TMDXTVTXNKTRBIIBWVEIndustrials18.9%FTAI2.8%AVAVMRCYBE AMSCMTZ1.7%BWXTCDNLKTOSEnergy11.8%TTI4.2%SEI4.0%EE3.3%Consumer Cyclical5.7%AMZN4.4%SBUXFinancial Services6.1%SKWD3.4%PLMR2.6%Communication Services4.6%METAConsumer Defensive4.5%FRPTDAR

Technology29.0%CVLT3.7%TTWO3.5%MDB3.1%ARLO2.8%P IDCC6 moreHealthcare25.2%LIVN4.2%GH4.0%CORT3.4%REPL3.2%BLLNINSM5 moreIndustrials18.9%FTAIAVAVMRCYBE AMSC3 moreEnergy11.8%TTI4.2%SEI4.0%EE Consumer Cyclical5.7%AMZNSBUXFinancial Services6.1%SKWDPLMRCommunication Services4.6%METAConsumer Defensive4.5%FRPTDAR

#	Ticker	Company	Weight ▼
1	AMZN	Amazon	4.43%
2	LIVN	LivaNova	4.24%
3	TTI	TETRA Technologies	4.22%
4	SEI	Solaris Energy Infrastructure	4.05%
5	GH	Guardant Health	4.04%
6	CVLT	Commvault Systems	3.69%
7	TTWO	Take-Two Interactive Software	3.45%
8	SKWD	Skyward Specialty Insurance Group	3.44%
9	CORT	Corcept Therapeutics	3.36%
10	EE	Excelerate Energy	3.30%

See all 47 holdings ↓

TechnologyHealthcareIndustrialsEnergyConsumer CyclicalFinancial ServicesCommunication ServicesConsumer DefensiveBasic Materials

Emerald SPIT · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 65.5%

All SPIT Holdings

47 holdings · as of Nov 6, 2026

SPIT

SPIT’s Holdings

Today

#
1	AMZNAmazon	Consumer Cyclical	4.43%	$442.89	5,148	$1.3M
2	LIVNLivaNova	Healthcare	4.24%	$424.24	14K	$1.3M
3	TTITETRA Technologies	Energy	4.22%	$421.81	219K	$1.3M
4	SEISolaris Energy Infrastructure	Energy	4.05%	$404.97	24K	$1.2M
5	GHGuardant Health	Healthcare	4.04%	$404.45	7,973	$1.2M
6	CVLTCommvault Systems	Technology	3.69%	$368.96	7,080	$1.1M
7	TTWOTake-Two Interactive Software	Technology	3.45%	$345.02	4,891	$1.0M
8	SKWDSkyward Specialty Insurance Group	Financial Services	3.44%	$343.96	16K	$1.0M
9	CORTCorcept Therapeutics	Healthcare	3.36%	$335.96	14K	$1.0M
10	EEExcelerate Energy	Energy	3.30%	$330.43	28K	$999K
11	REPLReplimune Group	Healthcare	3.23%	$323.13	49K	$977K
12	MDBMongoDB	Technology	3.08%	$307.55	3,054	$930K
13	FTAIFTAI Aviation	Industrials	2.80%	$280.36	5,220	$848K
14	ARLOARLO Technologies	Technology	2.77%	$276.51	56K	$836K
15	PEverpure	Technology	2.73%	$273.14	8,846	$826K

Emerald SPIT · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

SPIT

F/m Emerald Special Situations ETF’s Peers

Today

SPIT has no close peers in our data yet: […]

Similar peers · Today’s and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

SPIT vs VOO

YTD

SPIT · F/m Emerald Special Situations

+8.5%

VOO · S&P 500

+8.7%

Gap

0.2 pts

Emerald SPIT and Vanguard VOO · Today total return · as of Nov 9, 2026

SPIT vs Its Peer Average

YTD

SPITAvsBPeer average

1D+3.6%[…]

1M−8.5%[…]

3M−17.7%[…]

YTD+8.5%[…]

1Y+8.9%[…]

0–0level

0 peers · each row scaled to its leader

How Bumpy Is SPIT?

View

SPIT

How Bumpy

1.9×the S&P 500’s swings

CalmerBumpierS&P 1×SPIT

S&P 500 swings · 1Y13.6%

Emerald SPIT · daily swings over the past year vs the S&P 500

SPIT

Worst Drop

−22.3%from its Jun 30 high

Still below the high−19.4%

$10,000 at the high is now$8,060

Emerald SPIT · fall from the highest close, past year

SPIT

On a Bad Day

1.7×the S&P 500’s fall

SPIT’s worst day: Thursday, Nov 5

SPIT

−5.6%

S&P 500

−4.4%

Up days54 of every 100

S&P 500 up days52 of every 100

Emerald SPIT · average move on days the S&P 500 fell

SPIT

Return for the Bumps

#1SPITEmerald

No peers with a full year of prices to rank against yet.

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

SPIT

Cost

Today

$89a year per $10,000

SPIT

$89

Expense ratio 0.89%, taken from the fund’s value

SPIT

Volatility & Beta

26.3%annual volatility

S&P 500 volatility13.6%

Downside volatility18.7%

Beta vs SPY1.53

Correlation vs SPY0.79

Daily total returns × √252 · past 254 trading days

SPIT

Max Drawdown

−22.3%peak to trough

Peak closeJun 30, 2026

Current drawdown−19.4%

Worst day−5.63% · Nov 5

Closing prices, dividends in

SPIT

Up / Down Capture

165%down capture vs SPY

Down days

165%

Up days

159%

S&P 500

100%

Up ÷ down capture0.96

Up days53.5% (S&P 52.0%)

Average daily move on SPY up days and down days

SPIT

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
SPIT	0.11	0.15	26.3%	−22.3%	1.53	$89

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

SPIT

Trading

Today

+0.21%above its holdings’ value

Close$28.14

NAV$28.08

Fee per $10,000$89 a year

Avg. volume 30D6K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

SPIT

Fund Facts

Today

2025launched Oct 6

Tracks[…]

Exchange · CUSIPNASDAQ · 74933W114

StructureETF

Leverage1x

Cost on $10,000$89 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Emerald SPIT · fund facts · as of Nov 9, 2026

SPIT

Payouts by Year

$1.86per share, Nov 2025

Distribution yield6.6%

Paid[…]

Latest ex-date · paidNov 13 · Nov 14, 2025

1 payouts added up$1.86 a share

Emerald SPIT · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-07-31 ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗SEC reported portfolio · 2025-10-31 ↗prospectus · SEC 497 ↗

Trading & Liquidity

Net asset value$28.08

Premium / discount[…]

Median spread · 30D[…]

Volume today884

Average volume · 30D6K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.89%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$89.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 13, 2025	Nov 14, 2025	$1.86

Issuer contentFrom EmeraldHear the strategy from the people behind SPIT.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →