Cboe listed Tuttle - Rareview Humanoid Robotics ETF (HOID) on Oct. 16, giving investors exchange-listed exposure to firms developing humanoid robots and the technologies that support them.
Rareview Capital LLC and Tuttle Capital Management announced the fund on Oct. 16. The Securities and Exchange Commission (SEC) prospectus identifies it as the Rareview Humanoid Robotics ETF and says it seeks capital appreciation.
Under normal conditions, qualifying companies must account for at least 80% of the fund’s net assets, with investment borrowings included in the calculation. To qualify, a company must derive at least half its revenue from humanoid robot manufacturing or critical enabling technology, or commit at least half its assets to those activities. It must be in commercial production or have a fully functional prototype and be progressing toward commercialization. The prospectus also sets minimums of $500 million in market capitalization and $1 million in average daily trading volume.
The fund plans a long-only portfolio of about 30 to 50 securities from U.S. and non-U.S. companies. Its targets extend across the supply chain to suppliers of chips, software, sensors, actuators and batteries. The prospectus says portfolio weights will be rebalanced at least quarterly.
Annual operating expenses are listed at 1.64%. A contractual waiver and reimbursement cap annual operating expenses at 0.75% through at least Jan. 28, 2028, unless the fund’s board ends the cap on 60 days’ written notice. Brokerage charges and other transaction costs are excluded from the cap.
The filing classifies HOID as non-diversified and says industrials, information technology and consumer discretionary together will account for more than 25% of total assets. It warns that companies in the field may face high volatility, technological challenges, regulatory risks and uncertain market acceptance.
Rareview Capital founder and Chief Investment Officer Neil Azous compared the sector’s development with rapid changes associated with artificial intelligence. “We believe humanoid robotics is entering a similar period of development,” he said.
