(Cboe: BOXX) BOXX June 30, 2024
1-3 MO. BOX ETF SEEKS TO BE A TAX-EFFICIENT CASH MANAGEMENT TOOL**
FUND DETAILS RECENT DISTRIBUTIONS
Ticker Symbol (Cboe: BOXX)
Inception Date 12/28/2022
CUSIP 02072L565
Fund Type Active ETF
Strategy Options No Distributions Since Inception
Exchange Cboe
Assets Under Management ($million) $3,363.25
Number of Holdings (excludes cash) 28
Gross Expense Ratio 0.3949%
Net Expense Ratio 0.1949%
FUND PERFORMANCE
The Alpha Architect 1-3 Month Box ETF (the “Fund”) seeks Since
3 Month 1 Year 3 Year 5 year
to provide investment results that, before fees and Inception
expenses, equals or exceeds the price and yield NAV 1.30% 5.38% 5.11%
performance of an investment that tracks the 1-3 month MKT 1.27% 5.32% 5.12%
sector of the United States Treasury Bill market. BM 1.40% 5.52% 5.28%
Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The
performance data quoted represents past performance and does not guarantee future results. Investment return and principal
value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than
their original cost. Current performance may be lower or higher than the performance quoted. For performance data current to
the most recent month end, please call 215.882.9983 or visit www.AlphaArchitect.com/funds. Market price returns are based
upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
A fund’s NAV is the sum of all its assets less any liabilities, all divided by the number of shares outstanding. BM, or Benchmark,
is the Solactive 1-3 month US T-Bill Index.
*The Adviser has contractually agreed to waive receipt of its management fees and/or assume expenses of the Fund so that the
total annual operating expenses of the Fund (excluding payments under the Fund’s Rule 12b-1 distribution and service plan (if
any), acquired fund fees and expenses, brokerage expenses, taxes (including tax-related services), interest (including borrowing
costs), litigation expense (including class action-related services) and other non-routine or extraordinary expenses) do not
exceed 0.1949% of the Fund’s average daily net assets. This agreement will remain in place until January 31, 2025 and may only
be terminated by the Board of Trustees. Market price returns are based upon the closing composite market price and do not
represent the returns you would receive if you traded shares at other time. NAV is the sum of all its assets less any liabilities,
divided by thenumber of shares outstanding. Holdings are subject to change.
(Cboe: BOXX) June 30, 2024
DISCLOSURES
**Source: Factset. The NAV performance data quoted represents past performance and does not guarantee future results.
Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed,
may be worth more or less than their original cost.
Risks
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not
NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only
be acquired or redeemed from the fund in creation units.
There is no assurance that the Fund will achieve its investment objective. An investor may lose money by investing in the
Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any government
agency.
Selling or Writing Options Risk. Writing option contracts can result in losses that exceed the seller’s initial investment and
may lead to additional turnover and higher tax liability. The risk involved in writing a call option is that there could be an
increase in the market value of the underlying or reference asset.
Buying or Purchasing Options Risk. If a call or put option is not sold when it has remaining value and if the market price of
the underlying asset, in the case of a call option, remains less than or equal to the exercise price, or, in the case of a put
option, remains equal to or greater than the exercise price, the buyer will lose its entire investment in the call or put option.
Box Spread Risk. A Box Spread is a synthetic bond created by combining different options trades that have offsetting
spreads(e.g., purchases and sales on the same underlying instrument, such as an index or an ETF, but with different strike
prices).If one or more of these individual option positions are modified or closed separately prior to the option contract's
expiration, then the Box Spread may no longer effectively eliminate risk tied to the underlying asset's price movement.
FLEX Options Risk. FLEX Options are exchange-traded options contracts with uniquely customizable terms like exercise
price, style, and expiration date. Due to their customization and potentially unique terms, FLEX Options may be less liquid
than other securities, such as standard exchange listed options.
Counterparty Risk. Counterparty risk is the risk that a counterparty to a financial instrument held by the Fund or by a
special purpose or structured vehicle invested in by the Fund may become insolvent or otherwise fail to perform its
obligations, and the Fund may obtain no or limited recovery of its investment, and any recovery may be significantly
delayed.
The Fund is distributed by Quasar Distributors, LLC. The Fund’s investment advisor is Empowered Funds, LLC which is
doing business as EA Advisers.
We are a research-intensive asset management firm with a focus on high-conviction factor exposures. Alpha Architect
empowers investors through education. We believe in transparency, systematic evidence-based decision making, and
forming win-win client relationships.
Alpha Architect
19 E Eagle Road
Havertown PA 19083
T: +1.215.882.9983
www.AlphaArchitect.com/funds
Alpha Architect CIOs
Wes Gray, PhD and Jack Vogel, PhD
