The folks at a six-year-old, $438-million-AUM*, four-employee (not counting clerical staff) asset manager near Atlantia are preparing to launch their second ETF.

Today, the Core Alternative Capital, LLC team filed to create the Optimized Equity Income ETF (OEI on the NYSE Arca, Inc.). Peachtree Corners, Georgia-based CAC will serve as the planned fund's investment advisor.

The filing indicates that OEI's inception date will be next Wednesday (October 22). The upcoming ETF will come with an expense ratio of 75 basis points.

OEI's PM team will include:

David Pursell, managing partner and principal owner of CAC; and

Peter Simasek, portfolio manager.

The roll out of OEI comes almost six years after CAC adopted its first ETF, the Core Alternative ETF (CCOR). That fund launched in 2017, with Pursell as a co-PM, two years before CAC took it over. CCOR now has about $40.9 million in AUM.

OEI will be an actively managed, non-diversified series of Listed Funds Trust. The planned ETF's other service providers will include:

Cohen & Company, Ltd. as independent accounting firm;

Morgan, Lewis & Bockius LLP as counsel;

ACA Foreside's Quasar Distributors, LLC as distributor and principal underwriter;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator and transfer agent; and

U.S. Bank N.A. as custodian.

*As of March 1, 2025, per CAC's most recent form ADV. 

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