The Frontier Economic Fund (AKAF) Holdings
AKAF holdings summary
as of Oct 25, 2026- Holdings
- 146 positions listed
- Top 10 weight
- 18.2% of net assets
- Effective holdings
- 100 equal-weight equivalent
- Largest holding
- COP 2.53% ConocoPhillips
- Annual turnover
- — of the portfolio traded
Top 1018.2%
Top 2538.6%
Top 5058.6%
Top 10087.9%
All AKAF holdings
146 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | COP | ConocoPhillips | Energy | 2.53% | $72,295.99 | $176.01B | 19.4 |
| 2 | XOM | Exxon Mobil Corporation | Energy | 2.37% | $67,558.83 | $735.95B | 23.0 |
| 3 | UBER | Uber Technologies, Inc. | Technology | 1.92% | $54,782.75 | $143.69B | 15.4 |
| 4 | DASH | DoorDash, Inc. | Consumer Cyclical | 1.79% | $51,115.73 | $81.96B | 99.6 |
| 5 | STO | Santos Ltd | Energy | 1.69% | $48,133.59 | — | — |
| 6 | 9101 | Nippon Yusen K.K | Industrials | 1.66% | $47,417.31 | — | — |
| 7 | APA | APA Corporation | Energy | 1.65% | $47,111.96 | $17.22B | 10.4 |
| 8 | CCL | Carnival Corporation & plc | Consumer Cyclical | 1.55% | $44,218.30 | $34.83B | 11.4 |
| 9 | UPS | United Parcel Service, Inc. | Industrials | 1.52% | $43,467.77 | $82.93B | 18.1 |
| 10 | RCL | Royal Caribbean Cruises Ltd. | Consumer Cyclical | 1.52% | $43,467.77 | $74.27B | 17.1 |
| 11 | DAL | Delta Air Lines, Inc. | Industrials | 1.51% | $43,139.59 | $49.59B | 15.0 |
| 12 | REP | Repsol S.A. | Energy | 1.50% | $42,851.37 | — | — |
| 13 | NST | Northern Star Resources Ltd | Basic Materials | 1.48% | $42,226.41 | — | — |
| 14 | HAL | Halliburton Company | Energy | 1.45% | $41,495.86 | $27.91B | 17.6 |
| 15 | DSV | DSV A/S | Industrials | 1.45% | $41,353.17 | — | — |
| 16 | FDX | FedEx Corporation | Industrials | 1.44% | $40,967.92 | $69.47B | 15.8 |
| 17 | XPO | XPO Logistics, Inc. | Industrials | 1.42% | $40,434.27 | $21.86B | 54.9 |
| 18 | SLB | Schlumberger Limited | Energy | 1.40% | $40,069.00 | $73.47B | 23.9 |
| 19 | UAL | United Airlines Holdings, Inc. | Industrials | 1.39% | $39,552.48 | $31.19B | 9.0 |
| 20 | 9107 | Kawasaki Kisen Kaisha Ltd. | Industrials | 1.38% | $39,361.28 | — | — |
| 21 | BKR | Baker Hughes Company | Energy | 1.25% | $35,794.13 | $55.29B | 17.9 |
| 22 | TECK-B | Teck Resources Limited | Basic Materials | 1.25% | $35,714.23 | — | — |
| 23 | FDXF | FedEx Freight Holding Company, Inc. | Industrials | 1.25% | $35,631.47 | $16.93B | 25.8 |
| 24 | S32 | South32 Ltd | Basic Materials | 1.22% | $34,692.60 | — | — |
| 25 | CDE | Coeur Mining, Inc. | Basic Materials | 1.03% | $29,393.25 | $15.90B | 13.2 |
| 26 | HL | Hecla Mining Company | Basic Materials | 0.99% | $28,323.11 | $10.28B | 19.9 |
| 27 | K | Kinross Gold Corp | Basic Materials | 0.98% | $27,963.54 | — | — |
| 28 | MCK | McKesson Corporation | Healthcare | 0.89% | $25,383.79 | $117.15B | 26.9 |
| 29 | MAR | Marriott International, Inc. | Consumer Cyclical | 0.87% | $24,870.12 | $101.19B | 40.1 |
| 30 | WMT | Walmart Inc. | Consumer Defensive | 0.87% | $24,738.85 | $945.50B | 43.0 |
| 31 | AAPL | Apple Inc. | Technology | 0.85% | $24,373.57 | $5.01T | 39.4 |
| 32 | R | Ryder System, Inc. | Industrials | 0.83% | $23,665.85 | $9.14B | 19.4 |
| 33 | HCA | HCA Healthcare, Inc. | Healthcare | 0.82% | $23,471.80 | $99.34B | 15.4 |
| 34 | MSFT | Microsoft Corporation | Technology | 0.80% | $22,863.96 | $3.93T | 29.5 |
| 35 | EMR | Emerson Electric Co. | Industrials | 0.79% | $22,675.61 | $90.07B | 35.3 |
| 36 | IBM | International Business Machines Corporation | Technology | 0.79% | $22,418.78 | $218.71B | 20.6 |
| 37 | KO | The Coca-Cola Company | Consumer Defensive | 0.78% | $22,221.87 | $404.01B | 28.2 |
| 38 | COST | Costco Wholesale Corporation | Consumer Defensive | 0.78% | $22,179.07 | $438.30B | 47.6 |
| 39 | MATX | Matson, Inc. | Industrials | 0.76% | $21,616.88 | $7.03B | 15.8 |
| 40 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 0.75% | $21,505.59 | $2.70T | 20.1 |
| 41 | HD | The Home Depot, Inc. | Consumer Cyclical | 0.75% | $21,494.17 | $308.91B | 21.5 |
| 42 | MRSH | Marsh & McLennan Companies, Inc. | Financial Services | 0.75% | $21,451.37 | $89.88B | 22.5 |
| 43 | DIS | The Walt Disney Company | Communication Services | 0.75% | $21,434.25 | $190.95B | 22.8 |
| 44 | TT | Trane Technologies plc | Industrials | 0.75% | $21,328.66 | $100.97B | 34.2 |
| 45 | CVS | CVS Health Corporation | Healthcare | 0.75% | $21,325.80 | $118.13B | 24.3 |
| 46 | WFC | Wells Fargo & Company | Financial Services | 0.75% | $21,288.71 | $251.75B | 11.8 |
| 47 | LMT | Lockheed Martin Corporation | Industrials | 0.74% | $21,171.70 | $127.42B | 20.3 |
| 48 | 9202 | ANA Holdings Inc | Industrials | 0.74% | $21,166.00 | — | — |
| 49 | ARCB | ArcBest Corporation | Industrials | 0.74% | $21,143.17 | $2.91B | 188.4 |
| 50 | SHW | The Sherwin-Williams Company | Basic Materials | 0.73% | $20,812.14 | $81.37B | 30.9 |
| 51 | KEX | Kirby Corporation | Industrials | 0.73% | $20,732.23 | $7.20B | 21.0 |
| 52 | SBUX | Starbucks Corporation | Consumer Cyclical | 0.73% | $20,732.23 | $111.17B | 56.4 |
| 53 | AAL | American Airlines Group Inc. | Industrials | 0.72% | $20,409.76 | $7.86B | — |
| 54 | CSCO | Cisco Systems, Inc. | Technology | 0.71% | $20,150.07 | $423.39B | 32.2 |
| 55 | WFRD | Weatherford International plc | Energy | 0.70% | $20,064.46 | $5.45B | 15.0 |
| 56 | ORCL | Oracle Corporation | Technology | 0.70% | $19,847.58 | $388.73B | 20.1 |
| 57 | 0293 | Cathay Pacific Airways Limited | Industrials | 0.69% | $19,799.07 | — | — |
| 58 | PEP | PepsiCo, Inc. | Consumer Defensive | 0.69% | $19,736.29 | $179.19B | 16.5 |
| 59 | GOOGL | Alphabet Inc. | Communication Services | 0.68% | $19,536.53 | $4.17T | 17.1 |
| 60 | LOW | Lowe's Companies, Inc. | Consumer Cyclical | 0.68% | $19,493.72 | $110.74B | 16.7 |
| 61 | NBR | Nabors Industries Ltd. | Energy | 0.68% | $19,450.91 | $1.19B | 6.0 |
| 62 | GD | General Dynamics Corporation | Industrials | 0.68% | $19,436.65 | $93.13B | 21.0 |
| 63 | NCLH | Norwegian Cruise Line Holdings Ltd. | Consumer Cyclical | 0.68% | $19,311.08 | $6.91B | 9.3 |
| 64 | VZ | Verizon Communications Inc. | Communication Services | 0.68% | $19,282.55 | $186.09B | 11.7 |
| 65 | SKYW | SkyWest, Inc. | Industrials | 0.67% | $19,139.86 | $3.55B | 9.1 |
| 66 | MCD | McDonald's Corporation | Consumer Cyclical | 0.66% | $18,931.54 | $171.94B | 19.7 |
| 67 | PWR | Quanta Services, Inc. | Industrials | 0.65% | $18,472.09 | $95.00B | 72.4 |
| 68 | GCP | General Electric Company | Other | 0.64% | $18,215.26 | — | — |
| 69 | BA | The Boeing Company | Industrials | 0.64% | $18,152.47 | $150.34B | 67.9 |
| 70 | TFII | TFI International Inc | Industrials | 0.63% | $17,858.54 | — | — |
| 71 | ALK | Alaska Air Group, Inc. | Industrials | 0.62% | $17,752.95 | $3.92B | — |
| 72 | ULTA | Ulta Beauty, Inc. | Consumer Cyclical | 0.57% | $16,129.19 | $25.35B | 21.6 |
| 73 | CLB | Core Laboratories N.V. | Energy | 0.56% | $16,092.09 | $458.8M | 19.2 |
| 74 | AC | Air Canada | Industrials | 0.56% | $16,083.53 | — | — |
| 75 | BBY | Best Buy Co., Inc. | Consumer Cyclical | 0.55% | $15,618.38 | $19.43B | 15.4 |
| 76 | KR | The Kroger Co. | Consumer Defensive | 0.55% | $15,604.11 | $37.58B | 35.4 |
| 77 | WCN | Waste Connections, Inc. | Industrials | 0.54% | $15,484.25 | $42.24B | 40.6 |
| 78 | RSG | Republic Services, Inc. | Industrials | 0.54% | $15,364.40 | $70.90B | 32.8 |
| 79 | HLT | Hilton Worldwide Holdings Inc. | Consumer Cyclical | 0.53% | $15,250.25 | $77.67B | 50.6 |
| 80 | CTGO | Contango Ore, Inc. | Basic Materials | 0.53% | $15,144.66 | $510.0M | — |
| 81 | NOC | Northrop Grumman Corporation | Industrials | 0.53% | $15,053.34 | $73.85B | 16.5 |
| 82 | ORLY | O'Reilly Automotive, Inc. | Consumer Cyclical | 0.53% | $15,050.49 | $72.22B | 28.3 |
| 83 | URI | United Rentals, Inc. | Industrials | 0.52% | $14,979.14 | $64.09B | 24.8 |
| 84 | SYY | Sysco Corporation | Consumer Defensive | 0.52% | $14,862.14 | $40.45B | 21.9 |
| 85 | HON | Honeywell International Inc. | Industrials | 0.52% | $14,836.46 | $67.00B | 7.8 |
| 86 | NG | NovaGold Resources Inc | Basic Materials | 0.52% | $14,825.04 | — | — |
| 87 | STZ | Constellation Brands, Inc. | Consumer Defensive | 0.52% | $14,805.07 | $22.23B | 11.8 |
| 88 | LH | Laboratory Corporation of America Holdings | Healthcare | 0.51% | $14,579.62 | $25.79B | 26.3 |
| 89 | MSI | Motorola Solutions, Inc. | Technology | 0.51% | $14,479.74 | $76.65B | 36.5 |
| 90 | GWW | W.W. Grainger, Inc. | Industrials | 0.50% | $14,297.11 | $62.68B | 33.9 |
| 91 | MDI | Major Drilling Group International | Basic Materials | 0.50% | $14,237.18 | — | — |
| 92 | LDOS | Leidos Holdings, Inc. | Technology | 0.50% | $14,211.50 | $15.67B | 11.7 |
| 93 | KEY | KeyCorp | Financial Services | 0.50% | $14,174.40 | $21.33B | 11.6 |
| 94 | YUM | Yum! Brands, Inc. | Consumer Cyclical | 0.50% | $14,160.13 | $41.07B | 19.0 |
| 95 | J | Jacobs Engineering Group Inc. | Industrials | 0.50% | $14,154.42 | $16.51B | 46.9 |
| 96 | FAST | Fastenal Company | Industrials | 0.50% | $14,151.57 | $58.55B | 41.5 |
| 97 | FERG | Ferguson plc | Industrials | 0.49% | $14,077.37 | $44.81B | 22.8 |
| 98 | WSP | WSP Global Inc | Industrials | 0.48% | $13,800.56 | — | — |
| 99 | DRI | Darden Restaurants, Inc. | Consumer Cyclical | 0.48% | $13,732.07 | $24.48B | 21.0 |
| 100 | AZO | AutoZone, Inc. | Consumer Cyclical | 0.47% | $13,523.75 | $50.47B | 20.5 |
| 101 | LHX | L3Harris Technologies, Inc. | Industrials | 0.47% | $13,478.09 | $46.28B | 25.1 |
| 102 | GM | General Motors Company | Consumer Cyclical | 0.46% | $13,235.53 | $73.67B | 37.7 |
| 103 | ABNB | Airbnb, Inc. | Consumer Cyclical | 0.46% | $13,030.06 | $104.01B | 39.6 |
| 104 | TGT | Target Corporation | Consumer Defensive | 0.45% | $12,824.59 | $70.08B | 16.0 |
| 105 | TMQ | Trilogy Metals Inc | Basic Materials | 0.44% | $12,599.15 | — | — |
| 106 | AMP | Ameriprise Financial, Inc. | Financial Services | 0.43% | $12,319.48 | $44.24B | 12.1 |
| 107 | F | Ford Motor Company | Consumer Cyclical | 0.41% | $11,771.57 | $49.57B | — |
| 108 | GOLD | GoldMining Inc | Basic Materials | 0.37% | $10,553.03 | — | — |
| 109 | NDM | Northern Dynasty Minerals Ltd | Basic Materials | 0.36% | $10,250.54 | — | — |
| 110 | GME | GameStop Corp. | Consumer Cyclical | 0.35% | $9,968.02 | $13.53B | 17.6 |
| 111 | MTZ | MasTec, Inc. | Industrials | 0.32% | $9,117.62 | $15.34B | 30.5 |
| 112 | VVI | Viad Corp | Industrials | 0.30% | $8,518.34 | — | — |
| 113 | NWC | North West Company Inc | Consumer Defensive | 0.29% | $8,387.07 | — | — |
| 114 | ACI | Albertsons Companies, Inc. | Consumer Defensive | 0.28% | $8,067.45 | $6.35B | — |
| 115 | UHS | Universal Health Services, Inc. | Healthcare | 0.27% | $7,670.78 | $10.91B | 7.6 |
| 116 | CHH | Choice Hotels International, Inc. | Consumer Cyclical | 0.26% | $7,482.44 | $4.93B | 15.3 |
| 117 | BKE | The Buckle, Inc. | Consumer Cyclical | 0.26% | $7,405.39 | $2.40B | 10.7 |
| 118 | TTEK | Tetra Tech, Inc. | Industrials | 0.26% | $7,331.19 | $8.89B | 20.9 |
| 119 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 0.25% | $7,242.73 | $8.93B | 11.7 |
| 120 | GSAT | Globalstar, Inc | Communication Services | 0.25% | $7,234.16 | $10.67B | — |
| 121 | HOG | Harley-Davidson, Inc. | Consumer Cyclical | 0.25% | $7,040.11 | $2.78B | 14.7 |
| 122 | NRIM | Northrim BanCorp, Inc. | Financial Services | 0.25% | $7,014.43 | $523.9M | 9.5 |
| 123 | STN | Stantec Inc | Industrials | 0.24% | $6,934.53 | — | — |
| 124 | 7272 | Yamaha Motor Co Ltd | Consumer Cyclical | 0.24% | $6,900.28 | — | — |
| 125 | HTZ | Hertz Global Holdings, Inc. | Industrials | 0.24% | $6,897.43 | $616.7M | — |
| 126 | GOOS | Canada Goose Holdings Inc | Consumer Cyclical | 0.24% | $6,874.60 | — | — |
| 127 | DPZ | Domino's Pizza, Inc. | Consumer Cyclical | 0.23% | $6,483.64 | $10.15B | 17.0 |
| 128 | IRDM | Iridium Communications Inc | Communication Services | 0.23% | $6,483.64 | $4.64B | 49.7 |
| 129 | HRB | H&R Block, Inc. | Consumer Cyclical | 0.23% | $6,472.22 | $5.96B | 8.6 |
| 130 | ACM | AECOM | Industrials | 0.22% | $6,398.03 | $7.59B | 20.8 |
| 131 | PANR | Pantheon Resources | Energy | 0.22% | $6,386.61 | — | — |
| 132 | WOR | Worley Ltd | Energy | 0.22% | $6,238.22 | — | — |
| 133 | KNF | Knife River Corporation | Basic Materials | 0.22% | $6,206.83 | $2.87B | 20.5 |
| 134 | XPRO | Expro Group Holdings N.V. | Energy | 0.22% | $6,203.97 | $1.82B | 89.8 |
| 135 | GLIBK | GCI Liberty, Inc. | Communication Services | 0.22% | $6,152.61 | $828.0M | — |
| 136 | LULU | Lululemon Athletica Inc. | Consumer Cyclical | 0.21% | $6,081.26 | $11.25B | 8.0 |
| 137 | VSAT | Viasat, Inc. | Technology | 0.21% | $6,081.26 | $8.10B | — |
| 138 | BLDR | Builders FirstSource, Inc. | Industrials | 0.21% | $6,001.36 | $5.88B | 59.4 |
| 139 | LAD | Lithia Motors, Inc. | Consumer Cyclical | 0.20% | $5,827.28 | $6.49B | 9.8 |
| 140 | UHAL | U-Haul Holding Company | Industrials | 0.20% | $5,707.43 | $11.15B | 407.3 |
| 141 | FGXXX | First American Funds Inc. - Government Obligations Fund | Other | 0.17% | $4,799.95 | — | — |
| 142 | BAER | Bridger Aerospace Group Holdings, Inc. | Industrials | 0.12% | $3,344.55 | $30.4M | — |
| 143 | NVA | Nova Minerals Ltd | Basic Materials | 0.05% | $1,329.83 | — | — |
| 144 | 970 | KINGFISHER METALS CORP. | Basic Materials | 0.03% | $958.85 | — | — |
| 145 | GPHOF | Graphite One Inc | Basic Materials | 0.03% | $721.99 | — | — |
| 146 | FXG | FELIX Gold Ltd | Basic Materials | 0.02% | $690.60 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($2.9M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
AKAF sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 32.9% | 47 | 9101, UPS, DAL |
| Consumer Cyclical | 17.4% | 30 | DASH, CCL, RCL |
| Energy | 16.5% | 14 | COP, XOM, STO |
| Basic Materials | 10.7% | 18 | NST, TECK-B, S32 |
| Technology | 7.0% | 9 | UBER, AAPL, MSFT |
| Consumer Defensive | 5.7% | 10 | WMT, KO, COST |
| Healthcare | 3.2% | 5 | MCK, HCA, CVS |
| Communication Services | 2.8% | 6 | DIS, GOOGL, VZ |
| Financial Services | 2.7% | 5 | MRSH, WFC, KEY |
| Other | 0.8% | 2 | GCP, FGXXX |
Sum of the weights of the holdings in each sector.
AKAF top industries
Airlines
6.9%
Oil & Gas E&P
6.1%
Oil & Gas Equipment & Services
5.8%
Integrated Freight & Logistics
5.7%
Gold
4.9%
Marine Shipping
4.5%
Travel Services
4.2%
Oil & Gas Integrated
3.9%
Aerospace & Defense
3.1%
Trucking
2.8%
Engineering & Construction
2.7%
Restaurants
2.6%
Other Industrial Metals & Mining
2.6%
Internet Retail
2.5%
Discount Stores
2.1%
AKAF overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF | 15.4% | 78 of 502 | 0.09% |
| VTI | Vanguard Total Stock Market ETF | 13.9% | 116 of 2,941 | 0.03% |
| DIA | SPDR Dow Jones Industrial Average ETF | 10.3% | 14 of 30 | 0.16% |
| QQQ | Invesco QQQ ETF | 8.9% | 16 of 101 | 0.17% |
| VXUS | Vanguard Total International Stock ETF | 1.4% | 34 of 8,035 | 0.05% |
| IWM | iShares Russell 2000 ETF | 1.2% | 17 of 1,962 | 0.19% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the AKAF portfolio
The Frontier Economic Fund holds 146 positions. The ten largest make up 18.2% of the fund and the top 50 58.6%, so it behaves like a portfolio of about 100 equally weighted stocks. The biggest positions are ConocoPhillips (2.53%), Exxon Mobil Corporation (2.37%), Uber Technologies, Inc. (1.92%), DoorDash, Inc. (1.79%), Santos Ltd (1.69%).
By sector, Industrials is 32.9%, Consumer Cyclical is 17.4%, Energy is 16.5%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: AKAF chart, AKAF performance, AKAF dividends, AKAF valuation, AKAF overview.
AKAF holdings FAQ
How many holdings does AKAF have?
AKAF holds 146 positions as of October 25, 2026.
What are the top 10 holdings of AKAF?
The ten largest holdings are ConocoPhillips (2.53%), Exxon Mobil Corporation (2.37%), Uber Technologies, Inc. (1.92%), DoorDash, Inc. (1.79%), Santos Ltd (1.69%), Nippon Yusen K.K (1.66%), APA Corporation (1.65%), Carnival Corporation & plc (1.55%), United Parcel Service, Inc. (1.52%), Royal Caribbean Cruises Ltd. (1.52%). Together they are 18.2% of the fund.
What percentage of AKAF is ConocoPhillips?
ConocoPhillips is the largest holding at 2.53% of net assets, about $72,295.99 of the fund's $2.9M.
Which sector is the largest in AKAF?
Industrials is the largest sector at 32.9%, followed by Consumer Cyclical (17.4%) and Energy (16.5%), based on the sectors of the individual holdings.
How concentrated is AKAF?
The top 10 holdings are 18.2% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) AKAF behaves like a portfolio of about 100 equally weighted stocks.