PMV Adaptive Risk Parity ETF (ARP)

Assets	$60.80M
Expense Ratio	1.47%
PE Ratio	27.20
Shares Out	1.82M
Dividend (ttm)	$1.97
Dividend Yield	6.18%
Ex-Dividend Date	Dec 30, 2025
Payout Frequency	Annual
Payout Ratio	161.30%

Volume	19,331
Open	31.58
Previous Close	31.97
Day's Range	31.44 - 31.63
52-Week Low	26.30
52-Week High	33.73
Beta	0.46
Holdings	7
Inception Date	Dec 21, 2022

About ARP

Fund Home Page

The PMV Adaptive Risk Parity ETF (ARP) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund-of-funds that allocates to a variety of asset classes: global equities, fixed-income securities, commodities, and currencies based on risk parity. ARP was launched on Dec 21, 2022 and is issued by PMV.

• Asset Class: Alternatives
• Category: Tactical Allocation
• Stock Exchange: NYSEARCA
• Ticker Symbol: ARP
• ETF Provider: PMV

Top Holdings

Name	Symbol	Weight
Vanguard FTSE Developed Markets ETF	VEA	33.05%
Sprott Physical Gold Trust	PHYS	22.41%
Harbor Commodity All-Weather Strategy ETF	HGER	19.37%
Vanguard S&P 500 ETF	VOO	12.53%
Invesco QQQ Trust Series I	QQQ	5.29%
Vanguard FTSE Emerging Markets ETF	VWO	4.89%
Cash	n/a	2.46%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.9744	Jan 7, 2026
Dec 30, 2024	$1.4388	Jan 7, 2025
Dec 28, 2023	$0.6715	Jan 5, 2024
Dec 28, 2022	$0.0137	Jan 6, 2023

Performance

ARP had a total return of 21.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.62%.