Key stats
About EA Series Trust Alpha Architect 1-3 Month Box ETF
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Inception date
Dec 28, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Quasar Distributors LLC
BOXX provides a similar risk profile as US Treasury Bills without distributing any taxable income. The strategy uses exchange-listed or FLEX options, to construct box spreads to provide exposure. A box spread involves constructing synthetic long and short positions on an equity index such as the S&P 500 Index. The difference between the strike prices on the long and short option positions represents the maximum value potential at expiration. The box spreads are constructed aiming to remove the equity index risk and lock in a maximum return. The fund is actively managed. The quantity and expiration dates of the box spreads will be based on the size of the fund and effective yield for options. Typically, 80% of the funds assets will be invested in box spreads with a weighted average maturity less than 90 days. Both European- and American-style options may be used. The funds adviser has full discretion to roll option positions. Investors should expect a high portfolio turnover.
Classification
Returns
1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
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Price performance | — | — | — | — | — | — |
NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.98%
Mutual fund0.02%
Cash0.00%
Top 10 holdings
Dividends
Dividend payout history