TXF Funds Frequently Asked Questions (FAQs)

Q: Who is Geary Advisors, LLC?

A: Founded by The Geary Companies, Geary Advisors is the creator and advisor of the Texas Exchange-Traded Fund (TXF). The Geary Companies also owns Geary Securities, Inc., a full-service brokerage firm headquartered in Oklahoma City.

Q: What is the Texas Exchange-Traded Fund (TXF)?

A: TXF is an exchange-traded fund (ETF) trading on the NYSE Arca that represents a benchmark index of publicly traded Texas-based companies that have their headquarters or principal place of business in Texas. TXF is based on the SPADE Texas Index. It is one of the first state-based ETFs in the country.

Q: What is an exchange-traded fund (ETF)?

A: An ETF is a group of stocks that target a specific sector of the economy or geographic region, trades on an exchange like a stock but has the compositional characteristics of a mutual fund. ETFs are generally based on indexes. They are the fastest growing investment product in the worldwide financial marketplace today.

Q: What is an index?

A: An index is a statistical indicator providing a representation of the value of securities that constitute it. Indexes often measure the performance of a given market, industry or benchmarks against which financial or economic performance is measured. You can’t invest directly in an index.

Q: What is the SPADE Texas Index?

A: Designed to track the performance of companies whose corporate headquarters are located in Texas, the SPADE Texas Index serves as the core to the Texas Exchange-Traded Fund (TXF), offered by Geary Advisors, a firm established by the Geary Companies.