Essential 40 Stock ETF
ESN
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 141 W. Jackson Blvd., Suite 1711 Chicago IL United States of America 60604
- IPO Date
- Oct 21, 2024
- Website
- essential40etf.com
- Similar Companies
- Business
- Essential 40 Stock ETF (ESN), a series of Northern Lights Fund Trust II, is an actively managed exchange-traded fund that seeks to track the performance, before fees and expenses, of the Essential 40 Stock Index™; the Index comprises 40 blue-chip U.S. companies deemed essential to the American economy and way of life, selected qualitatively by a committee at FSH Trading, LLC and equally weighted at rebalance (2.5% each) with annual adjustments on the second Monday of January; the Fund normally invests at least 80% of its net assets in the common stocks of Index components, holding all 40 securities in proportion to Index weightings or a representative sample under certain conditions such as anticipated Index changes, corporate actions, or illiquidity; it may underweight or overweight holdings, substitute securities, or invest temporarily in correlated non-Index stocks; to manage risk, the Fund allocates up to 20% of net assets (normally 5% or less) to S&P 500 futures and options. Holdings are diversified across sectors including technology (e.g., Microsoft, Oracle, Meta Platforms, Alphabet), financials (e.g., JPMorgan Chase), consumer (e.g., Costco, Procter & Gamble), industrials (e.g., Boeing, 3M), energy (e.g., Duke Energy), and others like IBM; as of recent data, the Fund maintains 42 holdings with top weights around 2.5-4% each and approximately $180 million in assets under management. The Fund operates in the U.S. equity large-blend segment, targeting investors seeking concentrated exposure to irreplaceable U.S. blue-chips; it trades on the Nasdaq Stock Market. KKM Financial, LLC, founded in 2012 and headquartered at 141 W. Jackson Blvd., Suite 1711, Chicago, IL, serves as investment adviser with portfolio managers Jeff Kilburg (since June 2014) and Dan Deming (since December 2017); the net expense ratio stands at 0.70% after waivers through October 31, 2025. In a major strategic shift, KKM Financial converted the Essential 40 Stock mutual fund (a series of Northern Lights Fund Trust) to the ETF structure via a reorganization on October 18, 2024, acquiring its assets and assuming liabilities, with shares commencing trading on Nasdaq under ticker ESN on October 21-22, 2024; this conversion enhances tax efficiency and liquidity in taxable accounts amid industry trends toward ETFs; the Index provider is Solactive AG, with no reported recent partnerships, acquisitions, funding rounds, or new product launches beyond this conversion.