Return Stacked Bonds & Managed Futures ETF
RSBT
Chicago Board Options Exchange- -
USD
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- -
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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 54 W 21st Street, Suite 1007 New York NY United States of America 10010
- IPO Date
- Feb 8, 2023
- Website
- returnstackedetfs.com
- Similar Companies
- Business
- Return Stacked Bonds & Managed Futures ETF (RSBT) is an actively managed exchange-traded fund that seeks long-term capital appreciation through two complementary investment strategies: a bond strategy providing exposure to the broad U.S. fixed income market via U.S. Treasury securities, broad-based bond exchange-traded funds (ETFs) such as iShares Core U.S. Aggregate Bond ETF (AGG), and U.S. Treasury futures contracts with maturities from 2 to 30 years; and a managed futures strategy employing a systematic trend-following approach across four major global asset classes including commodities, currencies, equities, and fixed income, implemented via long and short futures contracts such as equity index futures (e.g., S&P 500 E-mini, Nasdaq 100 E-mini), currency futures (e.g., Euro FX, AUDUSD), bond futures (e.g., U.S. 5-Year Note, Euro-Bund), and commodity futures (e.g., gold, silver, copper, crude oil). The fund utilizes leverage through derivatives to "stack" returns, targeting approximately $1 of bond exposure and $1 of managed futures exposure per $1 invested, with the managed futures component allocating 30% to top-down replication and 70% to bottom-up replication techniques; it maintains collateral in U.S. Treasury bills, money market funds, and cash equivalents, and may invest up to 25% of assets in a wholly-owned Cayman Islands subsidiary for certain futures positions. RSBT trades on the Cboe BZX Exchange under ticker RSBT with CUSIP 88636J105 and an expense ratio of 1.02%. Launched on February 7, 2023, and domiciled in the United States, RSBT is advised by Tidal Investments LLC, with sub-advisory from Newfound Research LLC (led by CIO Corey Hoffstein) for the bond strategy and futures trading advisory from ReSolve Asset Management SEZC (Cayman) (led by CIO Adam Butler and President Rodrigo Gordillo) for the managed futures strategy; Newfound and ReSolve serve as fund sponsors under agreements providing financial support by covering shortfalls in unitary management fees and sharing remaining profits, as amended in the prospectus supplement dated August 22, 2024. In recent developments, RSBT's prospectus was updated on July 11, 2024, to refine leverage risk disclosures emphasizing exposure across commodities, currencies, fixed income, and equities via futures; the fund sponsors' arrangements were formalized and amended effective August 22, 2024, to detail profit-sharing and shortfall reimbursement mechanisms; and as of December 2025, net assets reached approximately $89 million with a 30-day SEC yield of 2.21%, reflecting ongoing daily rebalancing and active trend positioning such as long exposures in Euro FX futures, U.S. Treasury note futures, and gold alongside shorts in Japanese Yen and Euro-Bund futures.