KNGS — UPHOLDINGS Compound Kings ETF

KNGS Fund Overview

KNGS — UPHOLDINGS Compound Kings ETF is a US ETF managed by EA Series Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: EA Series Trust
• Category: Emerging Markets Real Estate
• Assets under management: $7.90M
• 1-year return: -12.6%
• Ticker: KNGS
• SEC CIK: 0001592900
• SEC series ID: S000070140
• Share class ID: C000223074

KNGS Investment Objective and Strategy

UPHOLDINGS Compound Kings ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by EA Series Trust.

Investment objective

The UPHOLDINGS Compound Kings ETF (the Fund) seeks to provide long-term capital growth. Income is a secondary objective.

Principal investment strategy

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objectives by investing in securities that the Funds portfolio managers believe offer the most attractive risk and return potential. The Funds investment adviser, Empowered Funds, LLC (the Adviser ) has engaged Upholdings Group LLC ( Upholdings ) as investment sub-adviser to support the management of the Fund. Upholdings selects investments for the Funds portfolio based on its own proprietary research. The Funds Investment Strategy The Fund generally invests in securities that Upholdings believes have the potential to compound at a higher rate than the S&P 500 Index over multi-year periods. In most cases, Upholdings identifies companies that have been reinvesting their own cash flow at above average rates of return.

If, based on Upholdings analysis, the shares of a particular company are trading at a fair level compared to Upholdings estimate of the companys intrinsic value, Upholdings will generally recommend that the Fund purchase that companys shares. To calculate intrinsic value, Upholdings constructs long-term financial models to estimate cashflow generation and the resulting shareholder value. To do so, Upholdings uses an array of publicly available data - earnings call transcripts, publicly disclosed financials, and industry consultants. Upholdings then estimates intrinsic value by discounting the estimated future value into a current valuation. The Fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.

The Fund generally anticipates holding approximately thirty (30) securities. As of September 30, 2022, the Fund had significant exposure to the Information Technology sector (60.2%) and Communication Services sector (23.0%). The Fund may sell securities for a variety of reasons, such as to seek to secure gains, limit losses, or redeploy assets into more promising opportunities. Additionally, the Fund may, from time to time, deviate from the foregoing investment process if Upholdings believes a particular security has the potential to increase in value based on unique circumstances. The Fund currently plans to invest at least 60% of its total net assets in equity securities of companies of medium and large market capitalizations located in the United States. The Fund will also invest in other international markets, including emerging markets.

In addition to securities of operating companies, Upholdings may recommend that the Fund invest in real estate investment trusts (REITs), convertible securities, preferred stocks, and exchange-traded funds (ETFs). When doing so, Upholdings follows the same research process: determine how much cash the entities can generate and whether there are opportunities for management to continue to reinvest at above average rates of return. The Fund may also hold U.S. government securities, bonds, cash, and cash equivalents for defensive purposes and during periods when Upholdings is unable to identify securities that meet its investment criteria. Absent unusual market conditions, the Fund does not intend to maintain large cash balances for prolonged periods. REITs are pooled investment vehicles that invest primarily in income-producing real estate or real estate-related loans or interests.

Convertible securities are usually preferred stocks or corporate bonds that can be exchanged for a set number of shares of common stock at a predetermined price. Preferred stock is a class of stock that pays dividends before common stock dividend payments are made and may be convertible to common stock. U.S. government securities include securities issued or guaranteed by the U.S. government or its agencies or instrumentalities. ETFs may include both actively- and passively-managed ETFs. In addition to U.S. government securities, bonds may include a broad array of short-, medium-, and long-term obligations issued by corporate and private issuers of various types. Cash equivalents may include commercial paper and short-term debt instruments. The Fund may also invest, to a lesser extent, in privately offered securities to seek to achieve its investment objectives subject to the limitations of the Investment Company Act of 1940 (the 1940 Act) and regulations thereunder.

Privately offered securities often are illiquid and may be difficult to value, as more fully described below.

KNGS Holdings

Top 10 holdings of UPHOLDINGS Compound Kings ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all KNGS holdings

KNGS Portfolio Allocation

Asset-class allocation of UPHOLDINGS Compound Kings ETF by percentage of net assets, from the latest SEC N-PORT filing.

KNGS Performance

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

KNGS Risk Information

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

• 1-year volatility (annualised): 32.8%

KNGS Costs and Fees

KNGS costs about $60 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.60%
• Gross expense ratio: 0.60%
• Portfolio turnover: 86%

KNGS Cashflows

Over the 12 months to 2023-03, UPHOLDINGS Compound Kings ETF had net inflows of $882.91K, from monthly SEC N-PORT filings.

KNGS Debt Constituents

No individual debt constituents are reported in UPHOLDINGS Compound Kings ETF's latest SEC N-PORT filing.

KNGS Prospectus and SEC Filings

Official UPHOLDINGS Compound Kings ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-01-30
• Prospectus (485BPOS) — filed 2022-01-28
• Prospectus supplement (497) — filed 2022-02-28
• Portfolio holdings (N-PORT) — filed 2023-05-30
• Portfolio holdings (N-PORT) — filed 2023-03-01
• Portfolio holdings (N-PORT) — filed 2022-11-29
• Annual census (N-CEN) — filed 2023-12-14
• Annual census (N-CEN) — filed 2022-12-14

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

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.