ETF Evaluator:
Blueprint Chesapeake Multi-Asst Trnd ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Systematic Trend Over the Last Year
| 35.2% | American Beacon AHL Trend ETF (AHLT) |
| 31.5% | Cambria Chesapeake Pure Trend ETF (MFUT) |
| 28.1% | Blueprint Chesapeake Multi-Asst Trnd ETF (TFPN) |
| 27.5% | iMGP DBi Managed Futures Strategy ETF (DBMF) |
| 22.1% | Fidelity Managed Futures ETF (FFUT) |
Risk
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Risk
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ETF Details
Blueprint Chesapeake Multi-Asst Trnd ETF Overview
Blueprint Chesapeake Multi-Asst Trnd ETF (TFPN) is an actively managed Alternative Systematic Trend exchange-traded fund (ETF). Blueprint Chesapeake launched the ETF in 2023.
The investment seeks to preserve capital and generate long-term capital appreciation.
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing pursuant to a trend following program called the Chesapeake Program. In addition, the fund invests in cash, short-term U.S. Treasury securities, money market funds, and cash equivalents. The fund is non-diversified.
About Blueprint Chesapeake Multi-Asst Trnd ETF (TFPN)
There are 4 members of the management team with an average tenure of 2.74 years: Jon Robinson (2023), Jerry Parker (2023), Qiao Duan (2023) and Christopher Mullen (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and SG CTA PR USD index with a weighting of 100%. Blueprint Chesapeake Multi-Asst Trnd ETF has 570 securities in its portfolio. The top 10 holdings constitute 119.7% 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.
Blueprint Chesapeake Multi-Asst Trnd ETF is part of the Alternative Strategies global asset class and is within the Alternative ETF group. Blueprint Chesapeake Multi-Asst Trnd ETF has -253.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 38.5% There is 5.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -327.3% (-67.9% domestic bond, -259.4% foreign bond and 0.0% convertible bond). Blueprint Chesapeake Multi-Asst Trnd ETF has 349.3% of the portfolio in cash.
Assets Under Management
The fund has $159 million in total assets, which is below the $487 million average for the Systematic Trend 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.
TFPN 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 Blueprint Chesapeake Multi-Asst Trnd ETF expense ratio is high compared to funds in the Systematic Trend category. Blueprint Chesapeake Multi-Asst Trnd ETF has an expense ratio of 1.13%, which is 37% 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. Blueprint Chesapeake Multi-Asst Trnd ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 57% for the Systematic Trend category.
Recently, in the month of July 2026, Blueprint Chesapeake Multi-Asst Trnd ETF returned -5.5%, which earned it a grade of F, as the Systematic Trend category had an average return of 1.4%. 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.
Blueprint Chesapeake Multi-Asst Trnd ETF has a trailing yield of 0.00%, which is below the 2.42% 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.
Blueprint Chesapeake Multi-Asst Trnd ETF Grades
Year to date, the ETF has returned 15.9%, 6.4 percentage points better than the category, which translates into a grade of A. The fund has returned 28.1% over the past year (grade of A) and 6.7% over the past three years (grade of D).
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TFPN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TFPN Return (NAV) | -5.5% | -3.0% | 28.1% | 6.7% | na | na |
| TFPN Return (Price) | -5.1% | -2.7% | 28.6% | 6.4% | na | na |
| NAV +/- Price Return | -0.401% | -0.372% | -0.480% | 0.380% | na | na |
| Systematic Trend Avg | 1.4% | -1.4% | 20.5% | 6.5% | 6.1% | 3.0% |
| TFPN Grade (NAV) | F | F | A | D | na | na |
| +/- Category (NAV) | -6.9% | -1.7% | 7.6% | 0.3% | na | na |
| TFPN Tax-Cost Ratio | na | na | 0.0% | 0.3% | na | na |
TFPN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TFPN Return (NAV) | 15.9% | 4.0% | 3.2% | na | na | na | na | na | na | na | na |
| TFPN Return (Price) | 16.4% | 3.6% | 2.7% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.031% | -0.099% | -0.166% | na | na | na | na | na | na | na | na |
| Systematic Trend Avg | 9.5% | 5.1% | 7.3% | -0.4% | 13.3% | 7.6% | 2.4% | -3.6% | -1.4% | -0.7% | -2.6% |
| TFPN Grade (NAV) | A | C | F | na | na | na | na | na | na | na | na |
| +/- Category | 6.4% | -1.1% | -4.1% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.61 |
| R-Squared: | 34% |
| Standard Deviation: | 13.2% |
| Category Risk Index: | 1.25 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.07 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 159 Mil |
| Share Class Assets: | $ 159 Mil |
| Turnover: | na |
| Expense Ratio: | 1.13% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 3.1 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Robinson Jon (2023), Parker Jerry (2023), Duan Qiao (2023), Mullen Christopher (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 570 |
| % in Top 10 Holdings: | 119.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | -253.8% |
Portfolio Allocation |
|
| Domestic Stock: | 38.5% |
| Foreign Stock: | 5.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -67.9% |
| Foreign Bond: | -259.4% |
| Convertible Bond: | 0.0% |
| Other: | 34.0% |
| Cash: | 349.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Blueprint Chesapeake |
| Phone Number: | 800-245-7339 |
| Website: | |
| Inception Date: | July 11, 2023 |
Expenses and Fees
| Expense Ratio (%): | 1.13% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
