MRP SynthEquity ETF
SNTH
New York Stock Exchange Arca- -
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
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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
- United States of America
- IPO Date
- Mar 5, 2025
- CIK
- 0001722388
- Website
- synthequityetf.com
- Similar Companies
- Business
- MRP SynthEquity ETF (SNTH) is an actively managed exchange-traded fund that seeks long-term capital appreciation by combining an options-based strategy on the S&P 500 Index with a portfolio of short-duration U.S. Treasuries. The fund employs synthetic long equity exposure through standardized exchange-traded options or FLEX options, targeting uncapped upside potential while aiming to provide a floor against significant losses of approximately 15% over rolling one-year periods; this is paired with a quarterly laddered Treasury strategy featuring high-yielding notes maturing around mid-March, June, September, and December, with an average duration of about six months. The portfolio typically allocates roughly 15% to options and 85% to Treasuries, including holdings such as United States Treasury Notes at various yields (e.g., 4%, 4.13%, 3.5%, 4.63%), alongside cash equivalents, enabling market participation with defined risk management. Launched on March 10, 2025, by Measured Risk Portfolios, Inc., a fee-only third-party money manager founded in 2007 and headquartered in San Diego, California, the ETF is issued through Tidal Trust III, with Tidal Investments LLC serving as the manager and Measured Risk Portfolios as co-manager. The strategy originates from the proprietary SynthEquity® approach, developed by founders Larry Kriesmer and Bernard Surovsky—each with over 30 years in financial services and 20 years in options trading—initially offered via separately managed accounts following its validation during the 2008 financial crisis; the SynthEquity® trademark was formalized in 2024. Recent milestones include surpassing $100 million in assets under management (AUM) less than seven months after launch as of October 2, 2025, with total net assets reaching approximately $125.93 million and continued expansion of the distribution team targeting $200 million AUM by the first anniversary; the fund has outperformed the S&P 500 on a market price basis since inception amid volatile conditions. Operating primarily in the United States and listed on NYSE Arca, SNTH targets retail and institutional investors seeking equity-hedged exposure in a low-volatility environment, with a net expense ratio of 0.95% and no front-end or deferred loads.