RISE

Sit Rising Rate ETF
*Unless otherwise stated, data provided by FactSet.

RISE Fund Description

RISE aims to capitalize on rising interest rates by taking short positions in futures contracts on 2-, 5-, and 10-year Treasurys. The fund is actively managed.

RISE Factset Analytics Insight

RISE is designed to gain in value if interest rates increase. The fund uses futures contracts and options on Treasurys, making it a pure-play bet on rising rates for US investors. RISE explicitly aims for a duration of -10, meaning it should gain 10% in value for an across-the-curve 1% increase in interest rates. The explicit duration target sets RISE apart from traditional inverse Treasury funds like TBF, which deliver equally potent—but variable—negative duration. As such, RISE may appeal as a precise hedging tool, as well as a tactical play on a rate hike. RISE is actively managed but follows a stable strategy that takes short positions in Treasury futures as well as listed options to hit its -10 duration target. RISE also differs from traditional inverse ETFs in its commodity pool structure: investors receive a K-1 at tax time. RISE isn’t cheap: It charges a significantly higher fee than peer ETFs, and like all inverse fixed income products, bears the negative carry of shorting yield. Wide spreads and lackluster liquidity make the fund difficult to use as intended.

RISE Charts And Performance

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PERFORMANCE [as of 11/20/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
RISE 0.33% 2.16% -5.73% -9.18% -1.11% -- --
RISE (NAV) 0.31% 2.07% -5.65% -8.98% -1.20% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

RISE Summary Data

02/19/15
Commodities Pool
1.33%
$6.27M
0.36%

RISE Portfolio Data

0.00%
N/A

RISE Index Data

No Underlying Index
Duration
Fixed
N/A

RISE Fund Structure

No
N/A
N/A / N/A
N/A
N/A
High
-1
Monthly

RISE Tax Exposures

-- / --
--
Yes
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

RISE Factset Analytics Block Liquidity

As of 11/21/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of RISE. RISE is rated a N/A out of 5.

RISE Tradability

417
$9.80K
143
$3.33K
0.36%
$0.08
-0.02%
0.60% / -0.50%
None
0.00%
25,000
0.01
0.09%
--
0
$22.70
N/A