How we might help
Our strategy differs from the S&P in 3 big ways

Avoid Cyclical Industries
We seek to exclude industries with intense and erratic cashflow cycles.
Access Growth Stocks
We include breakthrough business models that are not yet widely followed.


Risk-Reward Positioning
We weight stocks on their potential to outperform on a risk-adjusted basis.
How we manage risk
A quantitative process built on fundamentals.

Independent Research
We interview experts and integrate 3rd party data to validate public findings.

Big Data Modeling
We stress test valuation metrics against major market indices.

Buy Low, Sell High
We adjust the portfolio when price movements alter the risk-reward of a stock.
Our team
KNGS by Upholdings
With 20+ years of investment experience, the Upholdings team is one of the first to bring high quality security selection and active portfolio management inside an ETF.
Robert leads the team, having previously supported leading growth companies as an investor at Elevation Partners, and as an operator at Everlane.
Upholdings research has been featured on Bloomberg, Fox Business, and the team also shares its work on Twitter @UPHOLDINGS.

Robert Cantwell
Portfolio Manager

Lars Cianciolo
Investment Analyst

Joe Kowaleski
Investment Analyst
Investment Results Since March 2019
KNGS Cumulative Results Based on NAV; through 4/30/22
Investment Results Since March 2019
KNGS Cumulative Results Based on NAV; through 4/30/22
56.51%
S&P 500
61.35%
KNGS ETF
3/1/19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
Average Annual Returns
As of 3/31/22
KNGS Market Price (%) | KNGS NAV Return (%) | S&P 500 Total Return (%) |
---|---|---|
-17.55%
Trailing 1-yr return |
-17.69%
Trailing 1-yr return |
15.63%
Trailing 1-yr return |
-7.23%
Since 12/30/20 |
24.28%
Since inception |
19.10%
Since inception |
Net 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.