Key stats
About Essential 40 Stock ETF
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Inception date
Oct 21, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
KKM Financial LLC
Distributor
Northern Lights Distributors LLC
ESN aims to reflect an index composed of key blue-chip companies in the US. The fund primarily holds all 40 securities comprising the index, but with the flexibility to adjust holdings under specific conditions. Security selection is conducted by a committee that evaluates companies using a qualitative approach, focusing on their significance and stability across sectors such as technology, consumer goods, energy, and healthcare. The committee ensures diversified representation by selecting firms that are essential to the countrys economy. Each firm is equally weighted during annual rebalancing, ensuring consistent exposure across components. However, the fund may modify weightings throughout the year, allowing underweighting or overweighting to better align with the index. Additionally, ESN may use up to 20 percent of the fund assets to employ S&P 500 futures and options strategies. ESN converted from a mutual fund to an ETF with $70 million in assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Stocks97.81%
Technology Services20.38%
Finance13.40%
Retail Trade9.88%
Electronic Technology9.05%
Health Technology6.62%
Utilities4.98%
Energy Minerals4.92%
Industrial Services4.78%
Producer Manufacturing4.73%
Transportation3.99%
Consumer Durables2.56%
Process Industries2.55%
Communications2.49%
Distribution Services2.29%
Consumer Services2.08%
Non-Energy Minerals1.87%
Health Services1.25%
Bonds, Cash & Other2.19%
Cash2.19%
Stock breakdown by region
North America97.47%
Europe2.53%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ESN invests in stocks. The fund's major sectors are Technology Services, with 20.38% stocks, and Finance, with 13.40% of the basket. The assets are mostly located in the North America region.
ESN top holdings are Oracle Corporation and International Business Machines Corporation, occupying 3.87% and 3.22% of the portfolio correspondingly.
ESN last dividends amounted to 0.10 USD. The year before, the issuer paid 0.00 USD in dividends, which shows a 98.97% increase.
ESN assets under management is 120.61 M USD. It's risen 35.84% over the last month.
ESN fund flows account for 39.01 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ESN pays dividends to its holders with the dividend yield of 0.60%. The last dividend (Dec 19, 2024) amounted to 0.11 USD. The dividends are paid annually.
ESN shares are issued by Killir Kapital Management LLC under the brand KKM Financial. The ETF was launched on Oct 21, 2024, and its management style is Passive.
ESN expense ratio is 0.70% meaning you'd have to pay 0.70% of your investment to help manage the fund.
ESN follows the Essential 40 Stock Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ESN invests in stocks.
ESN price has risen by 4.90% over the last month, and its yearly performance shows a 4.94% increase. See more dynamics on ESN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.69% over the last month, showed a 9.19% increase in three-month performance and has increased by 9.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.69% over the last month, showed a 9.19% increase in three-month performance and has increased by 9.48% in a year.
ESN trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.