ETF Evaluator: Return Stacked Bonds & Managed Futs ETF () Follow This ETF

Return Stacked Bonds & Managed Futs ETF Overview

Return Stacked Bonds & Managed Futs ETF (RSBT) is an actively managed Alternative Multi-Asset Overlay exchange-traded fund (ETF). Return stacked ETFs launched the ETF in 2023.

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in two complimentary investment strategies, a bond strategy and a managed futures strategy. The fund uses leverage to “stack” the total return of holdings in the fund’s bond strategy together with the potential returns of the fund’s managed futures strategy. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in (a) the bond strategy and (b) the managed futures strategy. The fund is non-diversified.

About Return Stacked Bonds & Managed Futs ETF (RSBT)

There are 5 members of the management team with an average tenure of 2.84 years: Corey Hoffstein (2023), Michael Philbrick (2023), Adam Butler (2023), Rodrigo Gordillo (2023) and Andrew Butler (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Return Stacked Bonds & Managed Futs ETF has 13 securities in its portfolio. The top 10 holdings constitute 70.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Return Stacked Bonds & Managed Futs ETF is part of the Alternative Strategies global asset class and is within the Alternative ETF group. Return Stacked Bonds & Managed Futs ETF has -2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.0% There is -1.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -1.4% (0.0% domestic bond, -1.4% foreign bond and 0.0% convertible bond). Return Stacked Bonds & Managed Futs ETF has 102.4% of the portfolio in cash.

Assets Under Management

The fund has $134 million in total assets, which is below the $225 million average for the Multi-Asset Overlay category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RSBT Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Return Stacked Bonds & Managed Futs ETF expense ratio is high compared to funds in the Multi-Asset Overlay category. Return Stacked Bonds & Managed Futs ETF has an expense ratio of 1.01%, which is 42% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Return Stacked Bonds & Managed Futs ETF has a portfolio turnover rate of 88%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 86% for the Multi-Asset Overlay category.

Recently, in the month of July 2026, Return Stacked Bonds & Managed Futs ETF returned -1.8%, which earned it a grade of D, as the Multi-Asset Overlay category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Return Stacked Bonds & Managed Futs ETF has a trailing yield of 3.07%, which is above the 2.20% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Return Stacked Bonds & Managed Futs ETF Grades

Year to date, the ETF has returned 4.0%, 2.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.5% over the past year (grade of C) and 2.5% over the past three years (grade of F).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Return Stacked Bonds & Managed Futs ETF, including its riskiness, submit your email to unlock the rest of the article.