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About MRP SynthEquity ETF
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Inception date
Mar 10, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US45259A5487
STNH combines synthetic equity exposure and principal protection through a strategy that uses S&P 500 index (SPX) options and US Treasuries. The objective is to capture growth in rising markets while limiting losses in declining ones, targeting a maximum loss of 15% over a one-year rolling period. Typically, the fund allocates 10-15% of its assets in out-of-the-money SPX call options expiring in one year. This allows the fund to capture equity market gains without directly owning the underlying stocks, capping losses at the initial premiums paid. In rising markets, these options are sold and reinvested in Treasuries or new options. The treasury strategy utilizes a quarterly ladder, aiming to provide a floor by maintaining a portion of the portfolio in short-duration US Treasuries. The fund may lag the broader market due to its limited equity exposure, heavy treasury allocation, and certain market conditions (range-bound markets or strong bull markets).
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government82.88%
Rights & Warrants13.57%
Cash3.34%
Mutual fund0.21%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SNTH top holdings are United States Treasury Notes 4.625% 15-MAR-2026 and United States Treasury Notes 4.625% 15-SEP-2026, occupying 20.83% and 20.82% of the portfolio correspondingly.
SNTH assets under management is 93.23 M USD. It's risen 28.82% over the last month.
SNTH fund flows account for 85.13 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SNTH doesn't pay dividends to its holders.
SNTH shares are issued by Toroso Investments Topco LLC under the brand Measured Risk Portfolios. The ETF was launched on Mar 10, 2025, and its management style is Active.
SNTH expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
SNTH follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SNTH invests in bonds.
SNTH trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.