HALX’s objective is to provide investment results that generally match the total return of the Tuttle Capital Heavy Asset Low Obsolescence Index. This index focuses on companies that embody ‘HALO’ qualities, those being heavy assets, low obsolescence, and lower AI disruption. In layman’s terms, this means companies with tangible assets that tend to be more isolated from technological disruption.
This index starts by using the VettaFi US Equity Large-Cap 500 Index as a baseline. From there, it selects 40 companies for inclusion based upon HALO characteristics. Companies within the index are weighed equally.
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HALX intends to invest in most, if not all, of the constituents of its respective index. Currently, the index holds significant exposure towards the energy, industrials, and utilities sectors.
It’s certainly no secret that AI innovation and momentum has been a prominent investment theme as of late. Many investment approaches have been trying to engage with the tech sector more, in order to capitalize on the growth opportunities within.
However, the HALO approach offers strong appeal in today’s environment. This kind of fund can serve as a versatile, diversified ballast, providing return opportunities outside of the tech sector.
Say the tech sector enters a volatile period. Those exposed to companies more isolated from the tech theme could fare better. And better yet, the fund still offers plenty of long-term potential, regardless of whether the tech sector struggles or not.
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“For three decades, the investing playbook has rewarded asset-light, capital-light business models and treated physical infrastructure as a commoditized input,” said Matthew Tuttle, CEO and chief investment officer of Tuttle Capital Management. “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.”
HALX is just one of many funds from Tuttle Capital Management to offer creative investment exposure to different market sectors. For instance, the (SPCI) provides income and returns through exposure to the space industry. As of April 30, 2026, the fund’s NAV has risen 25.58% over the past month.
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vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for HALX, for which it receives an index licensing fee. However, HALX is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of HALX.
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