ARIS

The RPAR Risk Parity ETF

Access risk-parity for the first time in the U.S. in a tax-efficient, liquid ETF structure.

  • The fund will diversify its allocations amongst four asset classes – equities, commodities, Treasury bonds (Treasuries), and Treasury inflation-protected securities (TIPS).
  • Holdings are structured in the efforts of each asset class presenting a similar risk and return profile.
  • Seeks to generate positive returns during periods of economic growth, preserve capital during periods of economic contraction, and preserve real rates of return during periods of heightened inflation.

The Index

The RPAR Risk Parity ETF is managed to track the Advanced Research Risk Parity Index, which is a proprietary index created by Evoke Advisors. The index is designed to target similar risk contributions from four diversifying asset classes – equities, commodities, Treasury bonds (Treasuries), and Treasury inflation-protected securities (TIPS). Returns for the index are available from Bloomberg [RPARTR]. It is not possible to invest directly in an index.

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FUND INFORMATION
Fund Inception 12/12/2019
Ticker RPAR
Primary Exchange NYSE
CUSIP 886364603
IOPV Symbol RPAR.IV
NAV Symbol RPAR.NV
Gross Expense Ratio * 0.52%
Net Expense Ratio * 0.50%
30 Day SEC Yield ** 2.50%

* The Net Expense Ratio includes management fees and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.48%. The Fund's investment adviser has contractually agreed to waive 2 basis points (0.02%) of its management fees for the Fund until at least April 30, 2025.

** As of 09/30/24

 

FUND DATA & PRICING
Net Assets as of 10/30/2024 $624.6M
NAV $19.88
Shares Outstanding 31,425,000
Premium/discount Percentage -0.03%
Closing Price $19.87
Median 30 Day Spread 0.10%

Data as of 10/30/2024

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
 

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PERFORMANCE
As of 09/30/2024 As of 09/30/2024
MTD QTD YTD QTD YTD 1 YEAR 2 YEARS 3 YEARS SINCE INCEPTION
Market Price 3.66% 8.35% 9.66% 8.35% 9.66% 21.04% 12.01% -1.93% 3.16%
Fund NAV 3.06% 7.58% 8.81% 7.58% 8.81% 20.40% 11.74% -2.03% 3.07%
Benchmark Index 3.32% 8.16% 9.55% 8.16% 9.55% 21.11% 12.25% -1.71% 4.15%
No Performance Found

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (833) 540-0039.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Only returns greater than 1 year will be annualized.

A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

RETURNS
As of 09/30/2024 2024 YTD 2023 2022 2021 2020
Market Price 9.66% 6.02% -22.79% 7.56% 19.39%
Fund NAV 8.81% 6.32% -22.81% 7.78% 19.35%
Benchmark Index 9.55% 6.76% -22.92% 9.34% 21.94%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (833) 540-0039.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Only returns greater than 1 year will be annualized.

A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

DISTRIBUTION DETAIL
EX- Date Record Date Payable Date Amount
September 26, 2024 September 26, 2024 September 30, 2024 0.091600000
June 26, 2024 June 26, 2024 June 28, 2024 0.206000000
March 25, 2024 March 26, 2024 March 28, 2024 0.048662350
December 26, 2023 December 27, 2023 December 29, 2023 0.198104800
September 26, 2023 September 27, 2023 September 29, 2023 0.145375550
June 27, 2023 June 28, 2023 June 30, 2023 0.181908260
March 28, 2023 March 29, 2023 March 31, 2023 0.0784
December 27, 2022 December 28, 2022 December 30, 2022 0.0718
September 27, 2022 September 28, 2022 September 30, 2022 0.2630
June 27, 2022 June 28, 2022 June 30, 2022 0.2749
March 28, 2022 March 29, 2022 March 31, 2022 0.1368
December 28, 2021 December 29, 2021 December 31, 2021 0.3200
September 22, 2021 September 23, 2021 September 27, 2021 0.08000
June 23, 2021 June 24, 2021 June 28, 2021 0.07200
March 24, 2021 March 25, 2021 March 29, 2021 0.03620
December 16, 2020 December 17, 2020 December 21, 2020 0.07559
September 23, 2020 September 24, 2020 September 28, 2020 0.04800
June 24, 2020 June 25, 2020 June 29, 2020 0.01881
March 25, 2020 March 26, 2020 March 30, 2020 0.03871
December 26, 2019 December 27, 2019 December 31, 2019 0.04717
DOWNLOAD PREMIUM DISCOUNT INFORMATION
TOP 10 HOLDINGS
Percentage Of Net Assets Name Ticker CUSIP Shares Held Market Value
17.09 US 10YR NOTE (CBT)Dec24 TYZ4 Comdty TYZ4 COMDTY 964 $106,717,812.50
16.69 US ULTRA BOND CBT Dec24 WNZ4 Comdty WNZ4 COMDTY 830 $104,216,875
12.93 Vanguard Total Stock Market ETF VTI 922908769 282,097 $80,784,117.89
12.34 United States Treasury Bill 01/09/2025 912797LX3 912797LX3 77,775,000 $77,098,249.39
11.21 SPDR Gold MiniShares Trust GLDM 98149E303 1,268,264 $70,046,220.72
7.89 Vanguard FTSE Emerging Markets ETF VWO 922042858 1,055,966 $49,281,933.22
4.86 VANGUARD FTSE DEVELOPED ETF VEA 921943858 601,850 $30,369,351
4.36 United States Treasury Inflation Indexed Bonds 1.3 912810RF7 912810RF7 30,992,703 $27,220,456.15
3.69 United States Treasury Inflation Indexed Bonds 0.7 912810RL4 912810RL4 29,991,996 $23,026,108.76
3.45 United States Treasury Inflation Indexed Bonds 0.6 912810RA8 912810RA8 27,839,334 $21,536,744.84
Download Full Holdings

Data as of 10/31/2024.Holdings are subject to change.