UPAR Ultra Risk Parity ETF (UPAR)

Assets	$63.50M
Expense Ratio	0.65%
PE Ratio	n/a
Shares Out	4.10M
Dividend (ttm)	$0.58
Dividend Yield	3.79%
Ex-Dividend Date	Sep 29, 2025
Payout Frequency	Quarterly
Payout Ratio	n/a

Volume	3,398
Open	15.51
Previous Close	15.50
Day's Range	15.43 - 15.51
52-Week Low	12.02
52-Week High	15.80
Beta	1.06
Holdings	109
Inception Date	Jan 3, 2022

About UPAR

Fund Home Page

The UPAR Ultra Risk Parity ETF (UPAR) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. UPAR was launched on Jan 3, 2022 and is issued by Tidal.

• Asset Class: Alternatives
• Category: Moderate Allocation
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: UPAR
• ETF Provider: Tidal

Top 10 Holdings

105.82% of assets

Name	Symbol	Weight
10 Year Treasury Note Future Mar 26	n/a	24.38%
Ultra US Treasury Bond Future Mar 26	n/a	23.59%
SPDR Gold Minishares Trust of beneficial interest	GLDM	14.68%
Micro E-mini S&P 500 Index Future Dec 25	n/a	14.03%
MSCI Emerging Markets Index Future Dec 25	n/a	5.51%
United States Treasury Bonds 1.38%	TII.1.375 02.15.44	5.07%
Vanguard FTSE Emerging Markets ETF	VWO	4.99%
MSCI EAFE Index Future Dec 25	n/a	4.61%
United States Treasury Bonds 1%	TII.1 02.15.46	4.51%
United States Treasury Bonds 0.75%	TII.0.75 02.15.42	4.46%

Dividends

Ex-Dividend	Amount	Pay Date
Sep 29, 2025	$0.12644	Sep 30, 2025
Jun 27, 2025	$0.2412	Jun 30, 2025
Mar 27, 2025	$0.0901	Mar 28, 2025
Dec 27, 2024	$0.12714	Dec 31, 2024
Sep 26, 2024	$0.0609	Sep 30, 2024
Jun 26, 2024	$0.1934	Jun 28, 2024

Performance

UPAR had a total return of 22.62% in the past year, including dividends. Since the fund's inception, the average annual return has been -3.22%.