Toews Agility Shares Managed Risk ETF
MRSK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1750 Zion Road Northfield NJ United States of America 8225
- IPO Date
- Jun 25, 2020
- CIK
- 0001314414
- Website
- agilityshares.com
- Similar Companies
- Business
- Toews Agility Shares Managed Risk ETF (MRSK) is an actively managed exchange-traded fund that seeks long-term growth of capital and income while limiting downside risk through a hedged equity and fixed income strategy. The fund invests primarily in equity and equity index futures, equity index options, options on equity index futures, options on exchange-traded funds (ETFs), ETFs that invest primarily in common stocks or fixed income securities, common stocks, fixed income securities, and cash equivalents; it gains exposure to the large-cap U.S. equity market via S&P 500 Index futures contracts, S&P 500-tracking ETFs such as iShares Core S&P 500 ETF (IVV), and component stocks of the S&P 500 Index, while employing put options to hedge against adverse price movements, and buying and writing call and put options to reduce volatility and generate income. For its fixed income component, the fund allocates to investment-grade U.S. Treasury bills, notes, and bonds of varying maturities, or related futures and ETFs, with tactical adjustments based on technical analysis of market momentum. Launched on June 25, 2020, and domiciled in the United States as part of Northern Lights Fund Trust, MRSK trades on the NYSE Arca exchange under ticker MRSK (CUSIP 66538J720) with a net expense ratio of 0.98% following fee waivers. Toews Corporation, founded in 1994 and headquartered at 1750 Zion Road, Suite 201, Northfield, NJ, serves as the investment adviser, with co-portfolio managers Phillip Toews (President), Randall Schroeder (COO), Jason Graffius (Head of Research), and Charles Collins (Head of Trading) overseeing daily operations since inception. The fund benchmarks against the CBOE S&P 500 BuyWrite Index and S&P 500 Total Return Index, targeting investors seeking equity-like returns in bull markets with mitigated volatility through option overlays. Recent developments include surpassing $100 million in assets under management in October 2023, reflecting growing investor interest in its balanced risk management approach; a transfer of listing from Cboe BZX to NYSE Arca effective April 2023, enhancing liquidity without shareholder action; and declaration of an annual distribution of $0.0947 per share in December 2025. As of late 2025, net assets exceed $323 million, with top holdings including iShares Core S&P 500 ETF (87%), cash equivalents (7.95%), and S&P 500 put options; the fund distributes annually and maintains a 30-day median bid-ask spread of 0.16%. Distributed by Northern Lights Distributors LLC (member FINRA/SIPC), MRSK operates without front-end loads or redemption fees, focusing on U.S. markets for retail and institutional investors prioritizing capital preservation amid volatility.