EOPS — Emles Alpha Opportunities ETF

EOPS Fund Overview

EOPS — Emles Alpha Opportunities ETF is a US ETF managed by Emles Trust, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Emles Trust
• Category: Total Return Allocation
• Assets under management: $33.66M
• 1-year return: -41.3%
• Ticker: EOPS
• SEC CIK: 0001755351
• SEC series ID: S000071225
• Share class ID: C000226057

EOPS Investment Objective and Strategy

Emles Alpha Opportunities ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Emles Trust.

Investment objective

Emles Alpha Opportunities ETF (the Fund) seeks to maximize total return, with capital preservation as a secondary goal.

Principal investment strategy

The Adviser seeks to achieve the total return portion of the Funds investment objective by using a dynamic macro (top-down) and micro (bottom-up) approach to invest in a broad range of asset classes and individual investments, allowing the Fund to pursue any and all investment opportunities. The Fund may invest in or seek exposure to a wide range of asset classes including, without limitation: (i) equities (of any market capitalization); (ii) fixed-income securities (including asset-backed securities, mortgage-backed securities and other collateralized obligations and all grades and maturities of domestic and foreign (including emerging markets) credit, including high yield (junk bonds)); (iii) commodities; (iv) real estate investment trusts (REITs); (v) currencies and (vi) options. The Advisers strategy seeks long and short exposure in these various asset classes and currencies, depending on the risk/reward.

The Fund may take long or short positions in the asset classes identified above either directly or indirectly through investments in exchange-traded funds (ETFs), exchange-traded notes (ETNs) and derivative instruments such as, but not limited to, futures, swaps, options and currency forward contracts. The Fund may take short positions indirectly through investments in ETFs or ETNs, including inverse ETFs (funds that are designed to rise in price when stock prices are falling) or ETNs and derivative instruments (listed above) that are intended to provide inverse exposure to a particular asset class or currency. The Fund may also invest in leveraged ETFs. Long positions and short positions may be taken to enhance expected return, reduce expected risk or both. The Adviser expects the Funds net long exposure to typically be between 70% and 110% of total net assets, but it may range from -100% to 225% of total net assets over a short time horizon while an active directional exposure is being applied.

The Fund may invest in (i) futures contracts typically based on, but not limited to, equity indexes, government bonds, commodities and currencies; (ii) swaps typically on, but not limited to, equity indexes, including custom equity indexes, equity index volatility/variance, government bonds, credit default indexes, inflation, commodities and commodity indexes; and (iii) options typically on, but not limited to, equity indexes, equity index futures, government bonds, government bond futures and currencies. The Fund has no geographic or other limits on the allocation of its assets among asset classes, although it focuses on areas and regions predominantly in North America. The Adviser seeks to achieve the capital preservation portion of the Funds investment objective by using active risk management techniques to hedge net exposure through options, ETFs and individual equities.

The Advisers asset allocation strategy is based primarily on the fundamental investment valuations of various asset classes. The Advisers goal is to identify large periodic discrepancies between fundamental values and market prices, actively shift between long or short positions, as well as allocate to cash and seek to capitalize on opportunities within and among the capital markets of the world. The Adviser generally purchases, or shorts, a security when the market price is below or above the intrinsic valuation and the risk-reward profile is relatively more attractive than other opportunities. The Adviser generally sells a security when it believe its relative attractiveness has deteriorated, its valuation becomes excessive or risk associated with the security has increased significantly.

In addition, the Adviser may sell a security if better investment opportunities emerge elsewhere. The Adviser evaluates investments on a relative valuation basis and determine when investments are under-valued or over-valued based on proprietary measures.

EOPS Performance

Total returns for EOPS (as of 2026-10-01), from SEC filings.

EOPS Risk Information

Risk metrics for EOPS, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 22.6%

EOPS Costs and Fees

EOPS costs about $195 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.95%
• Gross expense ratio: 1.95%
• Portfolio turnover: 0%
• Brokerage commissions: 26.49 bps of average net assets (SEC N-CEN)

EOPS Cashflows

Over the 12 months to 2022-09, Emles Alpha Opportunities ETF had net inflows of $25.01M, from monthly SEC N-PORT filings.

EOPS Debt Constituents

No individual debt constituents are reported in Emles Alpha Opportunities ETF's latest SEC N-PORT filing.

EOPS Prospectus and SEC Filings

Official Emles Alpha Opportunities ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-03-16
• Prospectus supplement (497) — filed 2021-11-02
• Portfolio holdings (N-PORT) — filed 2022-11-29
• Portfolio holdings (N-PORT) — filed 2022-08-26
• Portfolio holdings (N-PORT) — filed 2022-05-25
• Annual census (N-CEN) — filed 2022-09-13
• Annual census (N-CEN) — filed 2021-09-13

Related Funds

Other Total Return Allocation funds tracked on ABC INVEST:

• Federated Total Return Bond Fund (FTRFX)
• Columbia Balanced Fund (CBLAX)
• MFS Total Return Fund (MSFRX)
• AllianzGI Income & Growth Fund (AZNAX)
• AQR Risk Parity Fund (AQRNX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.