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Launched

Essential 40 Stock ETF

ESNNasdaqB

$20.64+0.08 (+0.41%)

At close: Oct 13, 2026, 4:00 PM

B55/ 100

Rank 51 of 127 in US Active Equity

B55/100Rank 51 of 127inUS Active Equity
Intraday session: up, 76 prints from 20.56 to 20.64. Range 20.55 to 20.66. Use the arrow keys to read each point.20.5820.6020.6220.6610 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$352M
1Y total return
+22.6%
Yield · Last 12 months
0.76%
Holdings
44
Avg volume · 30D
0.1M sh
NAV per share
$20.55
52W range
low $16.62high $21.06
Launched

The ETF.net ESN Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
US Active Equity⁠
Rank
51 of 127
Six-pillar profile for ESN. Scores out of 100: Cost 21, Risk 92, Mission not scored, Tradability 67, Holdings 77, Durability 77. Strongest: Risk (92). Weakest: Cost (21). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 100 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A92 out of 100
    Rank 2 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 33 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A77 out of 100
    Rank 23 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 25 of 127

Our read on ESN

ETF.net Research

BA 40-stock take on US large caps. KKM's Essential 40 Stock ETF tracks a single purpose-built index, giving you a compact, rules-based basket in a corner of the market dominated by funds that own hundreds of names.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Essential 40 Stock Index. It normally invests at least 80% of net assets in common stocks comprising that Index.

Why people hold it

  1. 01Rules-based by design: normally at least 80% of net assets sits in the index's common stocks, so the playbook is written down rather than left to a manager's mood.
  2. 02Nothing else in our active US equity coverage tracks the Essential 40 Stock Index, so this exposure is hard to duplicate with another off-the-shelf fund.
  3. 03Plain plumbing: a standard 1940 Act fund holding US common stocks, with no leverage, no derivatives overlay and no structural quirks to decode.
  4. 04Lands in the top quartile of the several hundred active US equity ETFs we grade, a strong showing for a fund this new.

Worth knowing

  1. 01At 0.70% a year it runs above the roughly 0.65% typical for active US equity ETFs, and multiples of core rivals like DFAU (0.12%) and AVLC (0.15%).
  2. 02Launched in October 2024, so the history is short and there is not yet enough published data to measure how tightly it hugs its index.
  3. 03Forty names means every holding carries real weight, a different ride from a 500-stock core fund. Trading is moderate rather than heavy, so limit orders earn their keep.

ESN Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
44
Top-10 weight
34%
Largest holding
INTC5.6%

Geography

  • United States95.21%
  • Switzerland2.43%
  • Canada2.36%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001INTCIntel Corp5.64%189,611$20M511
002MPCMarathon Petrole5.45%42,149$19M396
003PANWPalo Alto Networ4.80%40,388$17M501
004XOMExxonmobil Holdi2.90%60,413$10M511
005AAPLApple Inc2.83%29,571$10M715
006FCXFreeport-Mcmoran2.73%130,444$10M375
007JNJJOHNSON&JOHNSON2.67%35,959$9M528
008DALDelta Air Li2.56%109,673$9M342
009MSFTMicrosoft Corp2.46%16,202$9M815
010METAMeta Platforms-A2.46%12,059$9M704
011VVisa Inc-Class A2.46%22,428$9M558
012EPDEnterprise Produ2.44%238,139$9M45
013CBChubb Ltd2.42%24,946$9M293
014PFEPfizer Inc2.41%299,702$8M378
015UNHUnitedHealth Grp2.38%22,068$8M481

Showing 1–15 of 44 holdings

ESN Performance

Launched Jun 11, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ESN$12,255
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ESN $12,255. SPY $12,044. Use the arrow keys to read each point.$9,555$11,081$12,608Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ESN. Periods over one year show the average yearly return.
PeriodESN
Year to date+19.8%
1 month0.0%
3 months+3.6%
1 year+22.6%
3 yearsHistory unavailableper year—
5 yearsHistory unavailableper year—
10 yearsHistory unavailableper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ESN
YearReturn barESN
2026 YTD+19.8%
2025+16.5%
2024−3.0%

History from Oct 21, 2024

ESN in the news

Filtered to ESN · US Active Equity

ESN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.76%Last 12 months
Payout per share
$0.16Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 11, 2024 $0.11; Dec 11, 2025 $0.16. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 11, 2025Dec 19, 2025$0.16
Dec 11, 2024Dec 19, 2024$0.11

ESN Risk

How much the fund’s monthly returns vary, scaled to a year.
11.1%
Annualised · 23 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.18
vs 3-month T-bills · 23 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.6%
23 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.73
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ESN Cost

Expense ratio0.95%
  • The middle half of US Active Equity funds
  • Median 0.70%

97 of the 123 US Active Equity funds charge less.

ESN costs $95.00 a year on $10,000. The median US Active Equity fund costs $70.00.

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