Blueprint Chesapeake Multi-Asset Trend ETF
TFPN
New York Stock Exchange Arca- -
USD
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Cincinnati, OH 45246 Cincinnati OH United States of America 45246
- IPO Date
- Jul 12, 2023
- Website
- blueprintip.com
- Similar Companies
- Business
- Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an actively managed exchange-traded fund that seeks to preserve capital and generate long-term capital appreciation through a proprietary trend-following strategy known as the Chesapeake Multi Asset Trend Program. The fund implements this program via two primary components: a Derivatives Component, which invests long and short in futures contracts, futures-related instruments such as forwards and options, and spot contracts across global markets in equities, fixed income, currencies including up to 2% notional exposure to digital currencies via futures, and commodities encompassing agricultural products, energies, precious and industrial metals; and an Equity Component, which takes long and short positions in U.S. and non-U.S. equity securities across all market capitalizations, potentially including ADRs, single stocks, ETFs, and equity index futures for short exposure. Complementing these, the fund employs a Cash Strategy managed by Blueprint Fund Management, LLC, investing in cash, short-term U.S. Treasury securities with durations of five years or less, money market funds, and cash equivalents primarily for margin and collateral purposes; up to 25% of total assets may be allocated indirectly to these instruments via a wholly-owned Cayman Islands subsidiary to facilitate derivatives exposure while complying with regulated investment company requirements. Launched on July 11, 2023, and listed on NYSE Arca, TFPN is issued by Tidal Investments LLC (formerly Tidal ETF Services), with portfolio management provided by sub-advisers Chesapeake Capital Corporation, which oversees the Chesapeake Multi Asset Trend Program using automated, computer-driven models analyzing price action, volatility, open interest, and trading volume across 300-500 instruments, and Blueprint Fund Management, LLC, handling the Cash Strategy; the fund maintains a non-diversified portfolio typically comprising 300-500 holdings with approximately equal risk allocation between derivatives and equities. Headquartered through its adviser in the U.S., with Chesapeake Capital based in Belcamp, Maryland, and additional operations linked to Richmond, Virginia, and Tampa, Florida, the strategy targets institutional and retail investors seeking alternative exposure to managed futures and long/short equity across global markets in North America, Europe, Asia-Pacific, and emerging regions. In a recent development effective March 5, 2025, the fund's prospectus was supplemented to restate its annual operating expenses, confirming a total expense ratio of 2.06% comprising 0.99% management fees, 1.02% other expenses including dividend and interest on short sales and borrowings, and 0.05% acquired fund fees, reflecting ongoing operational refinements amid a portfolio turnover rate of 89% for the fiscal period ending June 30, 2024. Originally launched through a strategic partnership between Blueprint Fund Management and Chesapeake Capital Corporation, whose trend-following approach had been offered privately since 1994, TFPN represents the ETF adaptation of this established program without further disclosed acquisitions, funding rounds, or major strategic shifts in the past 1-2 years. The fund continues to emphasize tax efficiency, global diversification, and adaptability across market cycles for sophisticated investors in multi-asset trend strategies.