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AutoZone In, SpaceX Out: HALX’s New Rebalance

BY | ETF Database
11:31 am ET 09/21/26 | 9 VIEWS
Whenever an ETF’s benchmark index gets rebalanced, current and prospective investors alike ought to take a close look at what’s changed.Key Takeaways: The Tuttle Capital Heavy Assets Low Obsolescence Index, the index for the Tuttle Capital Heavy Assets Low Obsolescence ETF (HALX), was recently rebalanced. As part of the rebalancing effort, five companies exited the index, including SpaceX. Five new companies replaced their positions, including AutoZone and United Therapeutics. HALX’s approach to low AI disruption could pay off for investors wary of the AI boom. Earlier this month, change came knocking for the Tuttle Capital Heavy Assets Low Obsolescence Index. This index focuses on companies that possess ‘HALO’ characteristics: Heavy Assets, Low Obsolescence. In layman’s terms, this refers to companies that are potentially better insulated from AI disruption. Of course, many may be wondering what changed in the index’s rebalance. To start, five companies have exited the index, and five new companies have replaced them. See More: Tuttle Capital Launches ETF Targeting Underwriting Profitability Two of the latest additions to the Tuttle Capital index are within the healthcare sector: laboratory instrument manufacturer Mettler-Toledo (MTD) and biotechnology firm United Therapeutics (UTHR). The healthcare sector isn’t the only one being supported in the rebalance. Automotive parts and maintenance manufacturer AutoZone (AZO) was also added to the index. Meanwhile, rounding out the rebalance are NiSource (NI) and Copart (CPRT). NiSource is a utility company, while Copart is an online car auctioning service.SpaceX Exits HALX's OrbitInversely, some are likely wondering what companies have exited the index. Five companies have been removed, but the one investors will likely notice out of the gate is SpaceX (SPCX}.), American Electric Power Company (AEP), Weyerhaeuser (WY), and J.B. Hunt (JBHT). Naturally, this rebalancing will have an effect on the Tuttle Capital Heavy Assets Low Obsolescence ETF (HALX). Using the Tuttle Capital index as a benchmark, HALX invests in companies with heavy assets, low obsolescence, and low disruption risk. Given the prevalent nature of AI in our geopolitical environment, a fund that helps mitigate AI disruption could certainly pay off in the long run. If the AI bubble ultimately pops, a HALO approach may work as an efficient hedge within a portfolio. For more news, information, and analysis, visit the Thematic Investing Content Hub. vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for HALX, for which it receives an index licensing fee. However, HALX is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of HALX.

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