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Launched

Brookmont Catastrophic Bond ETF

ILSNYSE ArcaC

$20.25+0.03 (+0.15%)

As of Oct 13, 2026, 3:59 PM

C45/ 100

Rank 17 of 30 in Alternative Strategies

C45/100Rank 17 of 30inAlternative Strategies
Intraday session: up, 59 prints from 20.22 to 20.25. Range 20.23 to 20.27. Use the arrow keys to read each point.20.2320.2420.2620.2710 AM12 PM2 PM4 PM
Expense ratio
2.65%
Fund size
$124M
1Y total return
+9.1%
Yield · Last 12 months
8.02%
Holdings
126
Avg volume · 30D
0.1M sh
NAV per share
$20.19
52W range
low $19.64high $20.65
Launched

The ETF.net ILS Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Alternative Strategies⁠
Rank
17 of 30
Six-pillar profile for ILS. Scores out of 100: Cost 7, Risk 92, Mission not scored, Tradability 64, Holdings 62, Durability 51. Strongest: Risk (92). Weakest: Cost (7). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 28 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A92 out of 100
    Rank 1 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 7 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 6 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 19 of 30

Our read on ILS

ETF.net Research

CThe first US-listed ETF built entirely on catastrophe bonds: paper that pays income funded by insurance premiums and takes losses when a hurricane or quake hits. A reinsurance trade that used to be institutions-only, in a ticker.

Stated mandate

The Fund seeks current income and has a secondary objective of capital preservation.

Why people hold it

  1. 01The first US-listed ETF dedicated exclusively to cat bonds, with a mandate to keep at least 80% of net assets in cat bonds and related insurance-linked securities.etfgi.com
  2. 02The payout engine is insurance premiums and disaster losses, not corporate earnings. Cat bonds are floating-rate, so coupons reset rather than sit fixed.etfgi.com
  3. 03Income is the stated job: current income first, capital preservation second, with dividends from net investment income paid at least quarterly.
  4. 04The mandate reaches past bonds into quota share deals, collateralized reinsurance and industry loss warranties, giving the manager several ways to source the same risk.

Worth knowing

  1. 01The 1.58% expense ratio sits well above the median for alternatives ETFs, the price of a niche the wrapper had never covered before.
  2. 02Principal is truly on the line: a qualifying catastrophe can eat into a bond's principal, and cat bonds are typically rated below investment grade.47598668.hs-sites.cometfgi.com
  3. 03A small, thinly traded fund launched in 2025, so the spread can matter as much as the fee. Distributions may include return of capital.

ILS Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
126
Top-10 weight
30%
Largest holding
United States Treasury Note 09/28 4.6258.9%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Note 09/28 4.6258.89%11,000,000$11M1
002—Cash and Cash Equivalents5.25%6,494,580$6M124
003—Treasury Bill3.22%4,000,000$4M2
004—3264 Re L Vrn 02/09/322.24%2,500,000$3M1
005—Floodsmar Vrn 03/11/312.13%2,500,000$3M1
006—2001 Cat Vrn 01/08/311.78%2,150,000$2M1
007—Citrus Re Ltd Unsecured 144A 06/33 Var1.69%2,000,000$2M1
008—Buttonwoo Vrn 05/29/291.68%2,000,000$2M1
009—Corebridge Financ V/R 12/15/521.62%2,000,000$2M1
010—Sanders R Vrn 04/07/321.49%1,750,000$2M1
011—Torrey Pines Re Ltd Torrey Pines Re Ltd1.42%1,750,000$2M1
012—Integrity Vrn 06/06/271.39%1,500,000$2M1
013—123 Lights Re Ltd Unsecured 144A 09/32 Var1.29%1,500,000$2M1
014—Atlas Cap Vrn 06/09/311.28%1,500,000$2M1
015—Kilimanja Vrn 07/09/321.27%1,500,000$2M1

Showing 1–15 of 126 holdings

ILS Performance

Launched Apr 1, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ILS$10,906
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ILS $10,906. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ILS. Periods over one year show the average yearly return.
PeriodILS
Year to date+7.5%
1 month+1.4%
3 months+4.5%
1 year+9.1%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ILS
YearReturn barILS
2026 YTD+7.5%
2025+5.6%

Since listing, Apr 1, 2025

ILS in the news

Filtered to ILS · Alternative Strategies

ILS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
8.02%Last 12 months
Payout per share
$1.62Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Jun 25, 2025 $0.40; Sep 24, 2025 $0.40; Dec 24, 2025 $0.41; Mar 25, 2026 $0.40; Jun 25, 2026 $0.41; Sep 23, 2026 $0.41. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 24, 2026$0.41
Jun 25, 2026Data unavailable$0.41
Mar 25, 2026Mar 26, 2026$0.40
Dec 24, 2025Dec 26, 2025$0.41
Sep 24, 2025Sep 25, 2025$0.40
Jun 25, 2025Jun 26, 2025$0.40

ILS Risk

How much the fund’s monthly returns vary, scaled to a year.
2.9%
Annualised · 17 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.82
vs 3-month T-bills · 17 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−1.7%
18 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ILS Cost

Expense ratio2.65%
  • The middle half of Alternative Strategies funds
  • Median 1.00%

27 of the 30 Alternative Strategies funds charge less.

ILS costs $265.00 a year on $10,000. The median Alternative Strategies fund costs $100.50.

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