EA Series Trust - Sarmaya Thematic ETF

EA Series Trust - Sarmaya Thematic ETF

LENS
EA Series Trust - Sarmaya Thematic ETFundefined flagChicago Board Options Exchange
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Capital Structure

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Working Capital

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Quarterly Revenue

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Business
Sarmaya Thematic ETF is an actively managed, non-diversified exchange-traded fund that seeks long-term capital appreciation by investing principally in publicly traded equity securities and exchange-traded products aligned with emerging or prevailing market themes. The fund, listed in the United States under ticker LENS, is organized as a series of EA Series Trust, is managed by Empowered Funds, LLC, and is co-managed by Sarmaya Partners, LLC. Formed on January 28, 2025 and domiciled in the United States, the ETF offers investors thematic exposure through a concentrated portfolio selected using fundamental analysis across companies of varying market capitalizations. The fund’s investment products consist of actively selected common stocks, depositary receipts, commodity-linked exchange-traded products and other investment-company securities. Its portfolio has recently emphasized tangible-asset and resource-oriented themes, including energy producers and infrastructure-related companies; gold and silver bullion exchange-traded products; precious-metals mining companies; natural-gas and oil-exploration companies; and selected industrial businesses. Reported portfolio positions have included SPDR Gold MiniShares Trust, iShares Gold Trust Micro, iShares Silver Trust, Chevron Corp., Exxon Mobil Corp., Kinross Gold Corp., Agnico Eagle Mines Ltd., Gold Fields Ltd., Range Resources Corp., SLB NV and Hecla Mining Co. The fund generally serves U.S. and international investors seeking exchange-traded access to a professionally managed, high-conviction thematic equity portfolio. Recent strategic activity centers on the fund’s continuing active portfolio management and investor communications following its January 2025 launch. Sarmaya Partners issued first- and second-quarter 2026 investor updates and fact sheets detailing LENS’s market outlook, portfolio positioning and performance; the second-quarter update reported a gross expense ratio of 0.79% as of June 30, 2026. The fund’s recent positioning has maintained substantial allocations to energy and basic-materials securities, particularly precious-metals exposure, reflecting its thematic emphasis on real assets and resource-related investment opportunities.