Key Takeaways
- • RSIT inception date is May 5, 2026 — the fund launched as an actively managed ETF with $3.08 million in assets under management and 150,000 shares outstanding, positioned as a newly launched alternative investment strategy.
- • Dual-strategy leverage structure: RSIT uses return stacking to combine $1 of developed markets ex-US equity exposure with $1 of managed futures strategy exposure for every $1 invested, creating a 2x notional exposure framework.
- • Does not distribute dividends to shareholders — contrary to the headline emphasis on dividends, RSIT explicitly does not pay dividends despite distributing ordinary income and capital gains tax treatment, with tax-deferred capital gains as the primary return vehicle.
- • 0.98% expense ratio with active management — the fund employs a proprietary, actively managed approach with synthetic replication methodology rather than index tracking, managed by Tidal Investments LLC under TFG Parent Holdings LLC.
- • Early-stage fund with limited performance data — returns across all timeframes (1-month, 3-month, YTD, 1-year, 3-year, 5-year) show no reported figures, reflecting its status as a newly launched product without sufficient operational history.
Summary
Return Stacked International Stocks & Managed Futures ETF (RSIT) represents a newly launched actively managed alternative investment vehicle that commenced operations on May 5, 2026. Issued by TFG Parent Holdings LLC under the Return Stacked brand, the fund currently manages $3.08 million in assets under management with 150,000 shares outstanding. The fund is distributed through Foreside Fund Services LLC and managed by Tidal Investments LLC.
The fund's core investment strategy employs return stacking, a leverage-based approach that combines two distinct exposure categories. For each dollar invested, RSIT provides $1 of exposure to developed markets ex-US equities alongside $1 of exposure to a long/short managed futures strategy. This dual-strategy approach positions RSIT within the hedge fund strategies and global macro alternative investment categories. The fund utilizes synthetic replication methodology rather than tracking an underlying index, allowing for active management discretion across both the equity and managed futures components using proprietary selection criteria and weighting schemes.
RSIT carries a 0.98% expense ratio and operates as an open-ended ETF structure. From a tax perspective, the fund distributes ordinary income and capital gains, with long-term capital gains taxed at a maximum rate of 20% and short-term capital gains at 39.60%. Notably, despite the headline reference to dividends, RSIT does not distribute dividends to shareholders. Portfolio composition as of May 7, 2026, reflects 75.12% exposure through ETFs, 16.07% through mutual funds, and 8.81% in cash and other instruments.
Performance data across all measurement periods—including 1-month, 3-month, year-to-date, 1-year, 3-year, and 5-year returns—remains unavailable, reflecting the fund's nascent operational status. As an early-stage product, RSIT lacks sufficient trading history to establish performance benchmarks or meaningful fund flow trends. Institutional investors evaluating this strategy should note that comparative analysis is constrained by limited operational data and the fund's minimal asset base at inception.
The fund's core investment strategy employs return stacking, a leverage-based approach that combines two distinct exposure categories. For each dollar invested, RSIT provides $1 of exposure to developed markets ex-US equities alongside $1 of exposure to a long/short managed futures strategy. This dual-strategy approach positions RSIT within the hedge fund strategies and global macro alternative investment categories. The fund utilizes synthetic replication methodology rather than tracking an underlying index, allowing for active management discretion across both the equity and managed futures components using proprietary selection criteria and weighting schemes.
RSIT carries a 0.98% expense ratio and operates as an open-ended ETF structure. From a tax perspective, the fund distributes ordinary income and capital gains, with long-term capital gains taxed at a maximum rate of 20% and short-term capital gains at 39.60%. Notably, despite the headline reference to dividends, RSIT does not distribute dividends to shareholders. Portfolio composition as of May 7, 2026, reflects 75.12% exposure through ETFs, 16.07% through mutual funds, and 8.81% in cash and other instruments.
Performance data across all measurement periods—including 1-month, 3-month, year-to-date, 1-year, 3-year, and 5-year returns—remains unavailable, reflecting the fund's nascent operational status. As an early-stage product, RSIT lacks sufficient trading history to establish performance benchmarks or meaningful fund flow trends. Institutional investors evaluating this strategy should note that comparative analysis is constrained by limited operational data and the fund's minimal asset base at inception.
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