Key stats
About UPAR Ultra Risk Parity ETF
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Inception date
Jan 3, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
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
US8863645953
UPAR uses leverage in an effort to balance portfolio risk across four asset classes: TIPS, US treasuries, global equities and commodities. It targets an allocation that is 160-180% of the funds net asset value at each quarterly rebalance. The funds asset allocation uses risk-parity approach to target similar risk contributions from each asset class based on their long-term historic volatility. This means that roughly half of UPARs portfolio is made up of relative low-risk assets, TIPS and US treasuries, and half allocated to high risk, equities and commodities. The fund will also use US treasury futures, ADRs/GDRs, repurchase agreements, ETFs tracking broad-based equity index, and other exchange-traded vehicles in achieving its desired exposure. With such investments, UPAR aims to generate returns during economic growth, preserve capital during economic contraction, and preserve rates of return during heightened inflation.
Related funds
Classification
What's in the fund
Exposure type
Government
ETF
Stocks20.09%
Energy Minerals6.99%
Non-Energy Minerals6.39%
Producer Manufacturing3.03%
Process Industries2.13%
Distribution Services0.78%
Electronic Technology0.52%
Utilities0.25%
Bonds, Cash & Other79.91%
Government48.75%
ETF24.91%
Cash5.49%
Futures0.75%
Mutual fund0.00%
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
UPAR assets under management is 59.79 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
UPAR invests in bonds. See more details in our Analysis section.
UPAR expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, UPAR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, UPAR pays dividends to its holders with the dividend yield of 3.51%.
UPAR shares are issued by Toroso Investments Topco LLC
UPAR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 3, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.