RUNN ETF Approaches 3-Year Mark With $300M AUM

The Running Oak Efficient Growth ETF (RUNN) launched in June 2023 and is approaching its third anniversary with roughly $300 million in assets under management. The fund uses an active, long-only approach focused on U.S. equities and aims to reduce large downward swings in volatility.

RUNN invests primarily in large- and mid-cap U.S. stocks selected through a bottom-up process that relies on a proprietary framework. Managers target companies they assess as having stronger growth and value characteristics than the S&P 500 average.

The portfolio typically holds about 50 to 70 positions and uses a roughly equal-weight construction. The fund applies concentration limits and caps industry exposure at 15% and non-U.S. holdings at 20%.

The fund excludes companies with a history of above-average downward movements, firms with high debt-to-capital ratios and stocks with elevated sensitivity to market risk, according to the fund’s documentation. The fund’s stated objective is to reduce downside volatility relative to a market-cap-weighted benchmark.

A three-year track record is commonly used by investors and brokerage platforms to assess funds across different market conditions. Funds that reach that milestone can be evaluated for platform listing or inclusion in advisor allocations.

Since launch the ETF has accumulated about $300 million in assets. Advisors and investors focused on volatility and market concentration can review the fund’s holdings and rules to determine whether it fits growth-oriented equity allocations with downside constraints.