RPARRPAR Risk Parity ETF
RPAR Fund Description
RPAR is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity.
RPAR Factset Analytics Insight
RPAR is actively managed yet nonetheless aims to align its exposure to an index, the Advanced Research Risk Parity Index. The index diversifies across four asset classes (TIPS, US Treasurys, global equities and commodities), seeking returns similar to global equities with less risk over time. The logic behind the asset class weighting considers historical volatility of each asset class, aiming for similar risk contribution from each. Per the prospectus, the fund rebalances quarterly to fixed allocation of 35% TIPS, 25% equities. 25% commodities and 15% Treasurys. However, the Treasury allocation includes T-bill collateral for a hefty allocation 10-yr Treasury futures, stated at 60% notional. Thus, the all-in nominal asset allocation is unclear as it sums to more than 100% but a) appears to be skewed to T-Notes and TIPS, consistent with its thesis, and b) implies leverage. RPAR may hold other exchange-traded products to provide the targeted sure.
RPAR MSCI ESG Analytics Insight
RPAR Risk Parity ETF has an MSCI ESG Fund Rating of A based on a score of 6.06 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. RPAR Risk Parity ETF ranks in the 41st percentile within its peer group and in the 34th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RPAR Portfolio Management
RPAR Tax Exposures
RPAR Fund Structure
RPAR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RPAR. RPAR is rated a N/A out of 5.
RPAR Asset Allocation