The “Grail Fund’s” Initial Holdings

by on May 5, 2009 | Updated May 14, 2009 | ETFs Mentioned:

For those of you interested in taking a look at the holdings of the Grail American Beacon Large Cap Value ETF (GVT), which launched yesterday, the information is available here. As of May 5, GVT held about 150 different stocks, with JPM (1.59%), CVX (1.45%), COP (1.45%), DVN (1.43%), and PM (1.41%) accounting for the top 5 positions. 

The “Grail Fund” states that its strategy is to “U.S. companies with market capitalizations similar to the market capitalization of companies in the Russell 1000® Index.” But GVT doesn’t intend to track this index as do traditional ETFs. Rather, the fund’s three managers will attempt to outperform the benchmark. The fund’s initial holdings confirm this in 2 ways: (1) GVT holds far fewer securities (~150) than the Russell 1000®, and (2) the ETF’s top 5 holdings comprise a much larger percentage of GVT than they do of the Russell 1000®. 

GVT's Holdings as of 5/5/2009