Key stats
About EA Series Trust Alpha Architect 1-3 Month Box ETF
Home page
Inception date
Dec 28, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
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 | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.98%
Mutual fund0.02%
Cash0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BOXX last dividends amounted to 0.12 USD. The year before, the issuer paid 0.17 USD in dividends, which shows a 36.69% decrease.
BOXX assets under management is 6.54 B USD. It's risen 8.15% over the last month.
BOXX fund flows account for 3.19 B 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, BOXX pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Aug 14, 2024) amounted to 0.29 USD. The dividends are paid annually.
BOXX shares are issued by Empirical Finance LLC under the brand Alpha Architect. The ETF was launched on Dec 28, 2022, and its management style is Active.
BOXX expense ratio is 0.19% meaning you'd have to pay 0.19% of your investment to help manage the fund.
BOXX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BOXX invests in funds.
BOXX price has risen by 0.36% over the last month, and its yearly performance shows a 4.62% increase. See more dynamics on BOXX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.39% over the last month, showed a 1.07% increase in three-month performance and has increased by 4.88% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.39% over the last month, showed a 1.07% increase in three-month performance and has increased by 4.88% in a year.
BOXX trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.