RPAR

RPAR Risk Parity ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 05/12/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
RPAR -- -- -- -- -- -- --
RPAR (NAV) -8.12% -12.27% -16.55% -8.58% -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

RPAR Summary Data

RPAR
12/13/19
Open-Ended Fund
0.51%
$1.42B
$5.61M
0.14%

RPAR Portfolio Data

Tactical Asset Allocation
2.91%
N/A
--

RPAR Index Data

No Underlying Index
Proprietary
Proprietary
N/A

RPAR Portfolio Management

0.51%
--
--
--

RPAR Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

RPAR Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

RPAR Factset Analytics Block Liquidity

As of 05/13/22
5
4
3
2
1

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 Tradability

252,364
$5.61M
228,572
$5.39M
0.14%
$0.03
0.13%
0.76% / -0.40%
None
--
75,000
3.05
0.05%
0.09%
167
$20.83
N/A

RPAR Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

RPAR Top 5 Holdings Long

10.85%
6.19%

RPAR Top 5 Holdings Short

-4.32%

RPAR Performance Statistics

-8.58%
--
--
0.50
1.45
-0.09
-1.97

RPAR Correlations (Daily Returns 12 Mo)

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--
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