Tuttle launches HALX ETF focused on heavy assets

Tuttle Capital Management launched the Heavy Asset Low Obsolescence ETF (HALX) on May 19. The fund seeks to replicate the total return of the Tuttle Capital Heavy Asset Low Obsolescence Index and has a 0.75% annual management fee. HALX is structured to hold 40 equally weighted large‑cap companies identified for heavy tangible assets and steady cash flows.

The index uses the VettaFi US Equity Large‑Cap 500 Index as its starting universe and narrows that list to 40 names based on HALO characteristics: heavy assets, low obsolescence and persistent cash flows. Constituents are equally weighted and the ETF intends to invest in most or all of the index components.

At launch, the index shows larger weightings in the energy, industrials and utilities sectors. The index methodology selects companies with business models centered on physical infrastructure and tangible capital and aims to identify firms with lower exposure to rapid technological change and related disruption.

Tuttle Capital listed HALX on the exchange on May 19. The fund is available alongside other exchange‑traded products and seeks to provide investors exposure to large‑cap companies with sizable physical assets as defined by the index rules.

VettaFi LLC serves as the index provider and receives an index licensing fee. VettaFi is not the issuer, sponsor or seller of the ETF and has no obligations related to the ETF’s issuance, administration, marketing or trading.

HALX is part of Tuttle Capital’s lineup of thematic and niche ETFs. Another fund from the firm, the Tuttle Capital Space Industry Income Blast ETF (SPCI), recorded a net asset value increase of 25.58% over the month ending April 30, 2026.

Matthew Tuttle, chief executive and chief investment officer of Tuttle Capital Management, stated: “For three decades, the investing playbook has rewarded asset‑light, capital‑light business models and treated physical infrastructure as a commoditized input. That playbook is being rewritten in real time. The companies building, powering, and supplying the physical backbone of the modern economy — utilities, energy producers, freight and logistics networks, industrials, and materials companies — are seeing a level of demand for what they do that I believe is very different from the last cycle. HALX is built to give investors a disciplined, rules‑based way to own that universe in a single ETF wrapper.”