Return Stacked U.S. Stocks & Managed Futures ETF: Platform Profile

Overview

RSST is an actively managed ETF designed to combine full U.S. large-cap equity exposure with a full managed-futures sleeve inside one fund.

Current structure:

• Ticker: RSST
• Registered ETF: Yes
• Adviser: Tidal Investments LLC
• Inception: 2023-09-05
• Total annual fund operating expenses: 0.99%

May fit better for

• investors who want equity exposure without giving up portfolio capital to add managed futures;
• investors comfortable with return-stacked leverage;
• users seeking trend diversification in an ETF;
• investors who prefer one exchange-traded wrapper;
• portfolios that can tolerate both equity and managed-futures drawdowns;
• investors comfortable with model and derivative risk.

May fit less well for

• investors wanting a conventional 100%-of-NAV allocation;
• users uncomfortable with gross strategy exposure around 200%;
• investors seeking direct CTA ownership;
• users who expect exact replication of a CTA index;
• investors who want no equity beta;
• users who interpret diversification as loss protection.

The core architecture is approximately 100% + 100%

Current first-party and prospectus framing:

• US large cap equity exposure target: approximately 100%
• Managed futures exposure target: approximately 100%
• Combined strategy exposure: approximately 200%

This is the defining feature of RSST.

The fund uses derivatives and collateral so one dollar of NAV can support overlapping economic exposures.

RSST does not own a basket of CTA hedge funds

The managed-futures sleeve uses liquid futures and related instruments.

Current 2026 prospectus manager architecture includes ReSolve's systematic managed-futures process.

Current manager architecture changed in 2026

Current governing documents:

• Adviser: Tidal Investments LLC
• Subadvisers:
• Newfound Research LLC
• ReSolve Asset Management Inc.
• Futures adviser: ReSolve Asset Management SEZC (Cayman)
• ReSolve board approval date: 2026-03-12

Older pages can emphasize different model-development roles.

Current prospectus/supplement control the canonical manager state.

Current fund operating expenses are 0.99%

Current summary prospectus:

• Management fee: 0.95%
• Acquired fund fees and expenses: 0.04%
• Total annual fund operating expenses: 0.99%

ETF bid-ask spread and trading costs remain outside the fund expense ratio.

Managed futures span four major asset classes

Current prospectus:

• Commodities: Yes
• Currencies: Yes
• Equities: Yes
• Fixed income: Yes
• Long short: Yes
• Systematic: Yes

The Cayman subsidiary is capped at 25%

Current prospectus:

• Cayman subsidiary: Yes
• Maximum total assets in subsidiary: 25%

The subsidiary is a structural vehicle supporting commodity/derivatives implementation.

It is not separately purchased by RSST shareholders.

Collateral can represent a large percentage of net assets

Current prospectus expects a material amount of net assets in instruments such as:

• Treasury bills;
• money-market funds;
• cash;
• cash equivalents.

The disclosed reference can range broadly because collateral supports derivatives.

Current fund assets are a dated metric

First-party data on August 27, 2026:

• Net assets: $527.14M
• Net assets as of: 2026-08-27

Assessment

RSST should not be evaluated as a standalone managed-futures fund.

Its portfolio role is different.

It attempts to preserve approximately full U.S. equity exposure while adding approximately full managed-futures exposure on top.

That can make the capital allocation efficient.

It also means the investor accepts leverage, derivative and interaction risk from two substantial return streams at the same time.