UPAR Ultra Risk Parity ETF (UPAR)

Assets	$63.95M
Expense Ratio	0.65%
PE Ratio	n/a
Shares Out	4.10M
Dividend (ttm)	$0.58
Dividend Yield	3.74%
Ex-Dividend Date	Sep 29, 2025
Payout Frequency	Quarterly
Payout Ratio	n/a

Volume	1,921
Open	15.60
Previous Close	15.60
Day's Range	15.53 - 15.66
52-Week Low	12.02
52-Week High	15.80
Beta	1.06
Holdings	113
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

102.67% of assets

Name	Symbol	Weight
Ultra US Treasury Bond Future Mar 26	n/a	22.91%
10 Year Treasury Note Future Mar 26	n/a	22.25%
SPDR Gold Minishares Trust of beneficial interest	GLDM	15.44%
Micro E-mini S&P 500 Index Future Dec 25	n/a	13.66%
MSCI Emerging Markets Index Future Dec 25	n/a	5.46%
United States Treasury Bonds 1.38%	TII.1.375 02.15.44	4.89%
Vanguard FTSE Emerging Markets ETF	VWO	4.85%
United States Treasury Bonds 1%	TII.1 02.15.46	4.50%
First American Government Obligations Fund	FGXXX	4.43%
United States Treasury Bonds 0.75%	TII.0.75 02.15.42	4.28%

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 16.65% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.95%.