Wealthfront Risk Parity Fund Class W
WFRPX
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- Wealthfront Risk Parity Fund Class W (WFRPX), a series of Two Roads Shared Trust, is a mutual fund that seeks long-term total return, consisting of capital appreciation and income, through risk-parity asset allocation across a broad range of global asset classes; these include developed and emerging market equities, developed and emerging market fixed income securities, real estate investment trusts (REITs), and commodities, with no fixed limits on allocations to any particular class. The fund invests via derivatives such as swaps on underlying ETFs, short-term U.S. Treasury securities, and direct holdings to achieve balanced risk contributions from each asset category. Headquartered in Palo Alto, California, Wealthfront, the fund's adviser founded in 2011, operates primarily in the United States, targeting retail and automated wealth management investors through robo-advisory platforms. In a major strategic shift announced November 4, 2024, the fund ceased new investments effective November 5, 2024, with its liquidation completed as of January 16, 2025, and all shareholder proceeds distributed pro rata; existing positions in client portfolios were gradually rebalanced or replaced with a combination of ETFs including Vanguard Total Stock Market ETF (VTI or direct indexing equivalent), Vanguard Total Bond Market ETF (BND), and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). Two Roads Shared Trust, based in Cincinnati, Ohio, serves as the registrant and umbrella structure for the fund among other series.