VegaShares Launches TRIL ETF Targeting $1 Trillion Companies

VegaShares has launched the VegaShares Trillions ETF (TRIL) on Cboe, an actively managed fund focused on globally listed companies with market capitalizations of at least $1 trillion. The ETF launched with 16 equally weighted holdings at 6.25% each, spanning U.S. and international mega-cap companies across technology, semiconductors, consumer businesses and other sectors. Unlike a fixed mega-cap basket, TRIL can adjust as companies cross above or below the $1 trillion threshold, with the adviser also able to consider investment exposures beyond the underlying BITA Trillion Dollar Cap Index. The fund charges a 0.49% total expense ratio and is designed to provide concentrated exposure to the world’s largest publicly traded businesses.