Compound Kings™ ETF (KNGS) seeks long-term growth and income by investing in compounders: companies with the potential to reinvest their own cashflow at above average rates of return.

Our goal is to outperform the S&P 500. To further enhance our compounding, we use the rebalancing features of an ETF to help defer tax outlays when recognizing capital gains*.

Performance Since Inception

KNGS Cumulative Performance Based on NAV; through 9/30/21

Performance Since Inception

KNGS Cumulative Performance Based on NAV; through 9/30/21

61.88%

S&P 500

130.57%

KNGS ETF

-50% 0% 50% 100% 150%

Average Annual Returns

As of 09/30/2021

KNGS Market Price (%) KNGS NAV Return (%) S&P 500 Total Return (%)
TBD

Trailing 1-yr return

44.76%

Trailing 1-yr return

30.01%

Trailing 1-yr return

6.04%

Since 12/30/20

38.06%

Since inception

20.50%

Since inception

Gross expense ratio for the fund is 0.60%. This data represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance through the most recent month, email invest@upholdings.com or call 650-669-9595.

Prior to the commencement of the Fund’s operations on 12/30/20, the Fund operated as the Predecessor Fund, a private fund with the same fee schedule with an inception date of 3/1/19. The Fund’s objectives, policies, guidelines, and restrictions are, in all material respects, equivalent to those of the Predecessor Fund, which was created for reasons unrelated to the establishment of a performance record. As part of the Predecessor Fund’s reorganization into the Fund, the Fund assumed the NAV and performance history of the Predecessor Fund. The Predecessor Fund was not registered under the Investment Company Act of 1940 (the “1940 Act”), and did not have a Market Price.

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Market Price returns began on 12/30/20, the first day the Fund had a Market Price. The Predecessor Fund was the sole account managed by Upholdings prior to the reorg. The S&P 500 Index is an unmanaged index of 500 stocks, representative of the U.S. stock market. It is not possible to invest directly in an index.

Powered By UPHOLDINGS

Our investment team performs intensive research to identify investments with the potential to be compounders for years to come.

Concentrated Portfolio

We aim to own no more than 30 securities at any time to concentrate our portfolio and differentiate from the S&P 500.

Modern Pricing

At 60 bps, our fund offers competitive access to performance-based investment management in a tax efficient ETF vehicle*.

How To Invest

The KNGS ETF trades through most online brokerages.

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Email your financial planner to find out if it’s a fit.

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*Tax Treatment. The Fund and the Shares have been designed to be tax-efficient. Specifically, their in-kind creation and redemption feature has been designed to protect Fund shareholders from adverse tax consequences applicable to registered investment companies as a result of cash transactions in the registered investment company's shares, including cash redemptions. Nevertheless, to the extent redemptions from the Fund are paid in cash, the Fund may realize capital gains or losses, including in some cases short-term capital gains, upon the sale of portfolio securities to generate the cash to satisfy the redemption.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and it is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of its representatives may give legal or tax advice.

IMPORTANT RISKS: There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves risk, including those described here. Non-Diversification Risk. Because the Fund is non-diversified, it may be more sensitive to economic, business, political or other changes affecting individual issuers or investments than a diversified fund. Management Risk. The Fund is actively-managed and may not meet its investment objectives based on the Adviser’s or Upholding’s success or failure in implementing the Fund’s investment strategy. Equity Investing Risk. An investment in the Fund involves risks similar to those of investing in any fund holding equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices. Foreign Investment Risk: The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets.

Cash and Cash Equivalents Risk. Holding cash or cash equivalents rather than securities or other instruments in which the Fund primarily invests may cause the Fund to experience potentially lower returns than the Fund’s benchmark or other funds that remain fully invested. Illiquid Securities Risk. The portfolio managers may not be able to sell illiquid securities at the price it would like or may have to sell them at a loss. Securities of non-U.S. issuers in particular, are subject to greater liquidity risk. ETF Risk. Shares of any ETF are bought and sold at market price and may trade at a discount or premium to NAV. Shares are not individually redeemed from the Fund, and brokerage commissions will reduce returns.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price. NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day. BPS represents basis points, so 60 BPS is equivalent to 0.60% of assets under management as a fee. *As used in the article by Bloomberg, the 'NASDAQ 100' is a stock market index that includes 100 of the largest, most actively traded, non-financial companies that are listed on the Nasdaq Stock Market. Opinions expressed are subject to change at any time, are not guaranteed, and should not be considered investment advice. KNGS is distributed by Quasar Distributors, LLC.