Investment objective & strategy
As of Oct. 23, 2025 · prospectusStrategy. Effective immediately, the following disclosure is added to the section of the Summary Prospectus and Prospectus titled Principal Investment Strategies. The Fund may utilize options strategies, including purchasing long call options and selling (writing) put options, that are designed to provide synthetic exposure to the share price returns of one or more Underlying Funds that provide exposure to bitcoin or gold. The Fund may also utilize options strategies with respect to indices that are designed to reflect the price returns of bitcoin or gold. A put option on a security gives the purchaser of the option the right to sell, and the writer of the option the obligation to buy, the underlying security at any time during the option period. … Effective immediately, the following disclosure is added to the section of the Summary Prospectus and Prospectus titled Principal Investment Strategies. The Fund may utilize options strategies, including purchasing long call options and selling (writing) put options, that are designed to provide synthetic exposure to the share price returns of one or more Underlying Funds that provide exposure to bitcoin or gold. The Fund may also utilize options strategies with respect to indices that are designed to reflect the price returns of bitcoin or gold. A put option on a security gives the purchaser of the option the right to sell, and the writer of the option the obligation to buy, the underlying security at any time during the option period. A call option on a security gives the purchaser of the option the right to buy, and the writer of the option the obligation to sell, the underlying security at any time during the option period. To the extent the Fund utilizes FLexible EXchange (FLEX) options, which provide the ability to customize key contract terms, the Fund is able to reduce the possibility of a written option being assigned at an inopportune time.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FRST AM-GV OB-X | TMPXX | $19.74M | 29.95% |
| ProShares Bitcoin ETF | BITO | $10.99M | 16.67% |
| U.S. Treasury Bills | — | $10.00M | 15.17% |
| SHS BEN INT | IBIT | $5.60M | 8.50% |
| World Gold Trust SPDR GLD MINIS | GLDM | $5.54M | 8.41% |
| US ULTRA BOND CBT Sep25 | — | $1.70M | 2.57% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| USVC Venture Capital Access Fund | 40% | — |
| Oakhurst Strategic Defined Risk Fund · OASDX, OASRX | 40% | 1.58% |
| Unlimited Hfmf Managed Futures ETF · HFMF | 40% | 0.97% |
Advisers
| Firm | Role |
|---|---|
| Tidal Investments LLC | Adviser |
| Quantify Chaos Advisors, LLC | Sub-adviser |
Footnotes
- Expense ratio as of July 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.