RSSB
Return Stacked®
Global Stocks & Bonds
As of 12/31/2024
Fund Description
Trading Details The Fund seeks long-term capital appreciation by
Ticker RSSB investing in two complimentary investment strategies: a
CUSIP 88636J204
Global Equity strategy and a U.S. Treasury Futures
strategy. For every $1 invested, the Fund attempts to
Exchange CBOE
provide $1 of exposure to its Global Equity strategy and
Fund Details $1 of exposure to its U.S. Treasury Futures strategy.
Inception Date 12/04/2023 • The Global Equity strategy seeks to capture the total
return of global equities on a market capitalization-
Number of Holdings 7
weighted basis, investing in global equities, global
Gross Expense Ratio* 0.51%
equity ETFs, regional equity ETFs, or equity index
Less Fee Waiver* -0.15% futures.
Net Expense Ratio* 0.36% • The U.S. Treasury Futures strategy seeks to provide
30-Day SEC Yield** 1.77% exposure to the U.S. Treasury bond market by
*The Fund’s investment advisor has agreed to a 0.15% fee waiver effective
investing in U.S. Treasury futures contracts with
through at least May 30, 2025.
maturities ranging from 2 to 30 years.
**The 30-Day Yield represents net investment income earned by the Fund
over the 30-Day period ended 12/31/2024, expressed as an annual
percentage rate based on the Fund’s share price at the end of the 30-Day
period. The 30-Day unsubsidized SEC Yield does not reflect any fee
waivers/reimbursements/limits in effect.
Top Holdings As of 12/31/2024 Performance Quarter-end returns as of 12/31/2024
Ticker Name % YTD 1 Mo 3 Mo 6 Mo 1 Yr 3 Yr Since
Inception
Vanguard Total Stock Market Market
VTI 58.00% 10.57% -5.12% -5.94% 3.57% 10.57% -- 18.20%
ETF Price
Vanguard Total International Fund Nav 10.60% -5.07% -5.59% 3.62% 10.60% -- 18.12%
VXUS 33.78%
Stock ETF
TUH5
US 2YR NOTE (CBT) Mar25 26.56%
Comdty The performance data quoted represents past performance. Past performance does
not guarantee future results. The investment return and principal value of an
FVH5
US 5YR NOTE (CBT) Mar25 26.47% investment will fluctuate so that an investor’s shares, when sold or redeemed, may be
Comdty
worth more or less than their original cost and current performance may be lower or
TYH5
US 10YR NOTE (CBT)Mar25 26.21% higher than the performance quoted. For the most recent month-end performance,
Comdty
please visit the Fund’s website at https://www.returnstackedetfs.com/return-stacked-
USH5 bonds-managed-futures/ The market price is the final price at which a security is
US LONG BOND(CBT) Mar25 25.77%
Comdty traded on a given trading day. Net Asset Value (NAV) is value per share on a specific
ESH5 date or time. Returns less than one year are cumulative.
S&P500 EMINI FUT Mar25 10.28%
Index
Holdings are subject to change
Why RSSB
• Capital Efficiency and Diversification Replacing core stock and bond exposure with RSSB frees up
capital to invest in diversifying asset classes and strategies.
• Reducing Cash Drag Utilize the embedded capital efficiency in RSSB to hold cash without
necessarily losing core stock and bond exposure.
Notes & Disclosures
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and
expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting
https://www.returnstackedetfs.com/wp-content/uploads/2023/12/pro-newfound_web-ready.pdf.
Please read the prospectus carefully before you invest.
Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage
commissions may apply and would reduce returns.
Derivatives Risk. Derivatives are instruments, such as futures contracts, whose value is derived from that of other assets, rates, or indices. The use of
derivatives for non-hedging purposes may be considered to carry more risk than other types of investments. Bond Risks. The Fund will be subject to
bond and fixed income risks through its investments in U.S. Treasury securities, broad-based bond ETFs, and investments in U.S. Treasury and fixed
income futures contracts. Changes in interest rates generally will cause the value of fixed-income and bond instruments held by Fund (or underlying
ETFs) to vary inversely to such changes. Credit Risk: Credit risk refers to the possibility that the issuer of a security will not be able to make principal
and interest payments when due. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also affect the
value of the Fund’s investment in that issuer. Currency Risk: Currency risk is the risk that changes in currency exchange rates will negatively affect
securities denominated in, and/or receiving revenues in, foreign currencies. The liquidity and trading value of foreign currencies could be affected by
global economic factors, such as inflation, interest rate levels, and trade balances among countries, as well as the actions of sovereign governments
and central banks. Foreign and Emerging Markets Risk. Foreign and emerging market investing involves currency, political and economic risk.
Leverage Risk: As part of the Fund’s principal investment strategy, the Fund will make investments in futures contracts to gain long and short
exposure across four major asset classes (commodities, currencies, fixed income, and equities). These derivative instruments provide the economic
effect of financial leverage by creating additional investment exposure to the underlying instrument, as well as the potential for greater loss. Non-
Diversification Risk. The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than
diversified funds. Underlying ETFs Risk. The Fund will incur higher and duplicative expenses because it invests in bond ETFs. The Fund may also suffer
losses due to the investment practices of the underlying bond ETFs. New Fund Risk. The Fund is a recently organized with no operating history. As a
result, prospective investors do not have a track record or history on which to base their investment decisions.
Bloomberg Short-Term Treasury Total Return Index – The Bloomberg US Short Treasury Index measures the performance of the US Treasury bills,
notes, and bonds under 1 year to maturity. STRIPS are excluded from the index because their inclusion would result in double-counting.
Bloomberg U.S. Aggregate Bond Index – The Bloomberg Aggregate Bond Index is a broad-based fixed-income index used by bond traders and the
managers of mutual funds and exchange-traded funds (ETFs) as a benchmark to measure their relative performance.
FTSE All World Index – The FTSE All-World Index is a market-capitalization weighted index representing the performance of the large and mid-cap
stocks from the FTSE Global Equity Index Series and covers 90-95% of the investable market capitalization.
Tidal Financial Group, LLC (“Tidal”) serves as investment adviser to the Funds and the Funds’ Subsidiary.
Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds.
Foreside Fund Services, LLC is the distributor for the Funds. Foreside is not related to Tidal or Newfound.
https://www.returnstackedetfs.com/return-stacked-global-stocks-bonds/
