EA Series Trust files an Amplius flexible allocation fund, fee and ticker still blank

EA Series Trust filed a preliminary prospectus on Wednesday, September 30, a draft registration for a new Amplius fund that would mix stocks and bonds. The registration is not yet effective, so the trust may not sell shares. The ticker, the exchange, and the fee are still blank.

The prospectus says the information "is not complete and may be changed."

The proposed fund would seek capital appreciation and current income. Amplius Asset Management's neutral posture is about 50% in stocks and 50% in bonds, and it would shift the fund away from that mix as its view of each side changes. The filing expects the stock share to stay between 25% and 75% of assets. In extreme markets, either side could be 0% or 100%.

The firm generally expects to move the stock share by no more than 10 percentage points at a time, and no more than once a month.

Large US companies would make up most of the stock side. Small- and mid-size US stocks, and foreign stocks, would each typically run between 0% and 40% of the fund, obtained mostly through other funds. The bond side would be other funds too, most often those holding US Treasurys, plus cash.

The lines for the management fee, other yearly costs, and acquired fund fees are empty. Acquired fund fees are the cost of owning those other funds, a second layer of cost on the smaller stocks, the foreign stocks and the bonds.

The only figure filled in is the distribution and service fee, shown as none. Under that plan the fund could pay up to 0.25% a year to firms that sell and service the shares, but the amount is set at 0% until the board acts.

The management fee and the acquired-fund cost are stated only for the Amplius fund already trading. The Amplius Aggressive Asset Allocation ETF, AAAA, seeks only capital appreciation and keeps 60% to 100% of assets in stocks.

Its prospectus dated June 1, 2026 lists a management fee of 0.49%, reduced by contract to 0.41% until June 1, 2027 unless the trustees end the waiver sooner. Acquired fund fees are 0.08%. Yearly costs are 0.57% before that waiver and 0.49% after it.

The fund started on July 15, 2025 and held $282 million as of Thursday, October 1. Amplius said in its July 2025 launch announcement that the fund was seeded through a 351 exchange, in which investors contribute appreciated holdings in exchange for shares.

Empowered Funds, doing business as EA Advisers, would advise the new fund, and Amplius Asset Management would pick the investments, as it does for AAAA. Samuel A. Liebman, Matthew D. Liebman, Aaron Marks, Patrick J. Swift and Sean Green are named as the portfolio managers.

The paper does not change the fund already trading.

The cover asks for the registration to take effect automatically on Monday, December 14, 2026, 75 days after the Wednesday filing, unless the trust delays it. Shares would be sold as soon as practical after that date. A buyer still cannot see the management fee, or the acquired-fund cost on top of it.