Texas Capital Expands ETF Portfolio with Two New Innovative Offerings

The TXSS and OILT ETFs further enable the world to invest in the strength of the Texas economy

DALLAS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the launch of the Texas Capital Texas Small Cap Equity Index ETF (NASDAQ: TXSS) and the Texas Capital Texas Oil Index ETF (NYSE Arca: OILT).

The TXSS ETF will track the performance of the Texas Capital Texas Small Cap Equity Index, a sector GDP weighted and market-capitalization weighted diversified index designed primarily to reflect the performance of stocks in small-capitalization companies headquartered in Texas. Key business sectors in the small cap equity index include industrials, energy, consumer discretionary, health care and real estate. The OILT ETF will track the performance of the Alerian Texas Weighted Oil and Gas Index, an index providing exposure to companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years, based on data published by the Texas Railroad Commission.

“We are strategically broadening our ETF offerings, granting global investors unparalleled access to the dynamic investment opportunities in the Lone Star State,” said Edward Rosenberg, head of ETF & Funds Management for Texas Capital and president of the Texas Capital Funds Trust. “The momentum led by the Texas Capital Texas Equity Index ETF (TXS) serves as a strong foundation for additional products, and we are confident that the TXSS and OILT ETFs present unique opportunities for investors to gain exposure to the thriving Texas economy.”

The TXSS ETF focuses on the backbone of the Texas economy – small businesses – recognizing their pivotal role in the state’s economy. The OILT ETF emphasizes the resilience and productivity of the Texas energy sector, including companies operating in the Permian Basin, Barnett Shale, Eagle Ford Shale, Haynesville/Bossier Shale and Granite Wash. In addition to TXS, these investment vehicles capitalize on Texas' pro-business environment, robust human capital and world-renowned academic institutions.

“Building on the success of TXS, we hope these new funds will be viewed as distinctive opportunities, inviting investors to explore investment in one of the world's largest and fastest-growing economies,” said Daniel Hoverman, head of Corporate & Investment Banking at Texas Capital. “As the premier full-service financial institution in Texas, we take great pride in our unique position to bring these investment avenues to market through our ETF & Funds Management practice. Our growing ETF portfolio ensures that individuals across the world can invest in and benefit from the economic advantages afforded by the economy in the Lone Star State.”