RTRN Stock Bonds & Managed Futures Fund (RSBT)
BATS BATS Primary Summary
RSBT Chart
RSBT ETF: It's A Directional Bet, Not A Diversification Vehicle
The Return Stacked Bonds & Managed Futures ETF has delivered a 12.25% year-over-year price return after shedding value during 2022/23's inflation de-anchoring – the vehicle remains cyclical and macro-linked. RSBT splits capital between AGG ETF and managed futures, relying on leading trend-following strategies. However, I think relative value or discretionary would've provided better diversification. Despite showing soft intra-asset correlations, covariance can spike during extreme market environments. Moreover, true portfolio convexity or downside protection has yet to surface.
RSBT: Why I'm About To Start Buying This 7.4% Yielding ETF
Nvidia's recent 20% post-earnings rally is an excellent example of how the market gods can be kind
RTRN Stock Bonds & Managed Futures Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CCP Christopher C. Powers Farther Finance Advisors, LLC | 2,166 | $36,432.56 | $42,865.14 | $6,432.58 | 17.66% |
| JM Jared Machen BWM Planning LLC | 176,004 | $3.05M | $3.48M | $429,090.99 | 14.05% |
| WCM WealthTrak Capital Management LLC WealthTrak Capital Management LLC | 100,868 | $1.69M | $2M | $308,406.42 | 18.27% |
RTRN Stock Bonds & Managed Futures Fund (RSBT) FAQ
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RTRN Stock Bonds & Managed Futures Fund Profile
| BATS Exchange | US Country |
Overview
The fund operates as an actively-managed exchange-traded fund (ETF) with a unique investment approach that combines two complementary strategies: a bond strategy and a managed futures strategy. By leveraging its assets, the fund aims to amplify the overall returns from both the bond investments and the managed futures positions it holds. The fund is designed for investors looking for a non-diversified ETF that primarily invests in bonds and managed futures, employing leverage as a tool to potentially enhance returns. Its investment policy mandates that at least 80% of its net assets, in addition to any borrowings for investment purposes, are allocated between its dual strategies, under normal circumstances.
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- Bond Strategy
The bond strategy component of the fund involves investing in a variety of fixed-income securities. This approach aims to generate income for the fund, capitalizing on interest payments from bonds and other debt instruments. The bond strategy is crucial for providing the fund with a steady income stream and a level of stability against market volatility.
- Managed Futures Strategy
The managed futures strategy part of the fund entails taking positions in futures contracts on various assets, including commodities, currencies, and interest rates. This strategy seeks to capitalize on the forward-looking aspect of futures markets, allowing the fund to potentially profit from trends across global markets. Managed futures can offer diversification benefits and the ability to hedge against inflation and economic downturns.
- Leverage
Leverage is a key facet of the fund's operational strategy, used to "stack" the returns from both the bond and managed futures strategies. By borrowing additional capital for investment purposes, the fund aims to enhance the potential returns of its dual investment strategies. While leveraging can amplify gains, it also increases the risk of loss, making it a double-edged sword in the fund's investment approach.
