Return Stacked Bonds & Managed Futures ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About RSBT
The Fund is an actively-managed exchange-tradedfund (“ETF”) that seeks to achieve its investment objective by investing in two complimentary investment strategies,a Bond strategy and a Managed Futures strategy. The Fund uses leverage to “stack” the total return of holdings in theFund’s Bond strategy together with the potential returns of the Fund’s Managed Futures strategy. Essentially, one dollarinvested in the Fund provides approximately one dollar of exposure to the Fund’s Bond strategy and approximately one dollarof exposure to the Fund’s Managed Futures strategy. So, the return of the Managed Futures strategy (minus the cost of financing)is essentially stacked on top of the returns of the Bond strategy. Under normal circumstances, the Fundwill invest at least 80% of its net assets, plus borrowings for investment purposes, in (a) the Bond strategy (as described below)and (b) the managed futures strategy (as described below). For the Fund’s Bond strategy, the Fund will invest in U.S. Treasurysecurities, Bond ETFs, and/or futures contracts on U.S. Treasury securities, as well as swaps on any of the foregoing and/or swapson U.S. fixed income indices. For the Fund’s Managed Futuresstrategy, the Fund will invest among four major asset classes (commodities, currencies, equities, and fixed income) and generally,the Fund will gain exposure to these four asset classes by investing in futures contracts including, but not limited to, commodityfutures; currency futures; equity index futures; bond futures; and interest rate futures; as well as swaps on any of the foregoingand/or swaps on applicable indices (collectively, the “Instruments”). The Fund may either invest directly in the Instrumentsor indirectly by investing in the Subsidiary (as described below) that invests in the Instruments. The Fund will target a 100% exposure toeach of its Bond strategy and its Managed Futures strategy. Bond Strategy: The Fund seeks to capture the totalreturn of the broad U.S. fixed income market with the objective of long-term capital appreciation. To do so, the Fund will investin U.S. Treasury securities, broad-based bond ETFs, and/or U.S. Treasury futures contracts, as well as swaps on any of the foregoingand/or swaps on U.S. fixed income indices. For the Fund’s direct investmentsin U.S. Treasury securities, the Fund will invest Treasury bills, notes, and bonds across the yield curve and the holdings willhave a target duration of two to eight years. The Fund may also invest in broad-basedaggregate bond ETFs, which are ETFs that are designed to provide broad exposure to U.S. corporate and government bonds. The Fund’ssub-adviser, Newfound Research LLC (“Newfound”), will favor low-cost bond ETFs that provide exposure to the overallU.S. bond market, and which are highly liquid. Further, the Fund may implement its bondstrategy by investing in U.S. Treasury futures, which are contracts for the purchase and sale of U.S. government notes or bondsfor future delivery. The Fund will invest in futures contracts on U.S. Treasuries with maturities ranging from 2 to 30 years, witha target duration of 2 to 8 years. Under normal circumstances, the Fund’sexposure to the Bond strategy will represent approximately 100% of the Fund’s net assets. Note: Notional value is thetotal underlying amount of a derivatives trade. Leverage allows an investor (like the Fund) to use a small amount of money to gainexposure to a larger (and potentially, a much larger) amount. So, notional value reflects the total value of a trade, not the cost(or market value) of taking the trade. Managed Futures Strategy: The Fund will invest, using a ManagedFutures strategy, among four major asset classes (commodities, currencies, equities, and fixed income). As noted above, the Fundwill invest in the Instruments. The Fund may either invest directlyin the Instruments or indirectly by investing in the Subsidiary (as described below) that invests in the Instruments. There areno geographic limits on the market exposure of the Fund’s assets. This flexibility allows ReSolve Asset Management SEZC (Cayman)(“ReSolve”) to look for investments or gain exposure to asset classes and markets around the world that it believeswill enhance the Fund’s ability to meet its objective. ReSolve uses a proprietary, systematicand quantitative process which seeks to benefit from price trends in commodity, currency, equity, volatility, credit and fixedincome Instruments. As part of this process, the Fund will take either a long or short position in a given Instrument. The sizeand type (long or short) of the position taken will relate to various factors, including ReSolve’s systematic assessmentof a trend and its likelihood of continuing as well as ReSolve’s estimate of the Instrument’s risk. The owner of along position in a derivative instrument will benefit from an increase in the price of the underlying instrument. The owner ofa short position in a derivative instrument will benefit from a decrease in the price of the underlying instrument. ReSolve generallyexpects that the Fund will have exposure in long and short positions across all four major asset classes (commodities, currencies,fixed income and equities), but at any one time the Fund may emphasize one or two of the asset classes or a limited number of exposureswithin an asset class. Futures contracts have a limited lifespanbefore they expire (e.g., quarterly). The Fund will frequently “roll-over” futures contracts - replace an expiringcontract with a contract that expires further in the future. As a result, the Fund’s portfolio will be subject to a highportfolio turnover rate. Under normal circumstances, the Fund’sexposure to the Managed Futures strategy will represent approximately 100% of the Fund’s net assets. The Fund’s ManagedFutures strategy involves levered exposure to a diversified basket of global futures contracts (and/or swaps on such futures contracts). Cayman Subsidiary: The Fund intends to gain exposure toits investments either directly or indirectly by investing through a wholly-owned Cayman Islands subsidiary (the “Subsidiary”)that is advised by the Adviser and ReSolve. The Fund may invest up to 25% of its total assets in the Subsidiary, tested at theend of each fiscal quarter. The Subsidiary will generally hold investmentsthat do not generate “qualifying income” under the source of income test required to qualify as a regulated investmentcompany (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). Unlikethe Fund, the Subsidiary may invest without limitation in investments that do not generate “qualifying income”; however,the Subsidiary will comply with the same Investment Company Act of 1940, as amended (the “1940 Act”), requirementsthat are applicable to the Fund’s transactions in derivatives. In addition, the Subsidiary will be subject to the same fundamentalinvestment restrictions and will follow the same compliance policies and procedures as the Fund. Unlike the Fund, the Subsidiarywill not seek to qualify as a RIC under the Code. The Fund is the sole investor in the Subsidiary and does not expect the sharesof the Subsidiary to be offered or sold to other investors. Except as otherwise noted, for purposes of this Prospectus, referencesto the Fund’s investments include the Fund’s indirect investments through the Subsidiary. The financial statements of the Subsidiarywill be consolidated with the Fund’s financial statements in the Fund’s Annual and Semi-Annual Reports. ReSolve Asset Management Inc. (“RAM”)serves as a non-discretionary investment sub-adviser to the Fund and the Subsidiary and is responsible for trade execution of portfolio securitiesand financial instruments for each entity, including selecting broker-dealers to execute purchase and sale transactions. Collateral – Managed Futures The Fund (and the Subsidiary, as applicable)expects to invest approximately 40% to 100% of its net assets in U.S. Treasury bills, money market funds, cash and cash equivalents(e.g., high quality commercial paper and similar instruments that are rated investment grade or, if unrated, of comparable quality,as Newfound determines), that provide liquidity, serve as margin or collateralize the Fund’s or the Subsidiary’s investmentsin futures and swap contracts. Non-Diversified The Fund is classified as a “non-diversified”investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and, therefore, may investa greater percentage of its assets in a particular issuer than a diversified fund.
RSBT News
Data for RSBT is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.