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ILS

GradeCNew York Stock Exchange Arca

Brookmont Catastrophic Bond ETF

Multi-Asset & Alternatives · Brookmont · Inception 2025-04-01

$20.06−0.39 (−1.91%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Apr 1, 2025.
Intraday session: down, 42 prints from 20.45 to 20.06. Range 20.05 to 20.17. Use the arrow keys to read each point.$20.10$20.1510 AM12 PM2 PM4 PM
Expense ratio
2.65%
Fund size
$110M
1Y return
+8.9%
Yield · Last 12 months
7.90%
Volume · 30D
0M sh
NAV per share
$20.44
52W range
low $19.64high $20.53

The ETF.net ILS Grade

C

50/ 100

Rank 15 of 30 in Alternative Strategies⁠

Confidence Medium

Six-pillar profile for ILS. Scores out of 100: Cost 21, Risk 98, Mission not scored, Tradability 64, Holdings 58, Durability 32. Strongest: Risk (98). Weakest: Cost (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank24/30 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 98
    Category rank1/30 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank11/30 · top 37%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 58
    Category rank7/15 · top 47%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank28/30 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 9:28 AM
Asset class
Bonds
Holdings
—
Top-10 weight
33%
Largest holding
TREASURY BILL14.1%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY BILL14.10%15,500,000$15M2
002—CASH AND CASH EQUIVALENTS2.66%2,900,485$3M120
003—3264 RE L VRN 02/09/322.52%2,500,000$3M1
004—FLOODSMAR VRN 03/11/312.39%2,500,000$3M1
005—2001 CAT VRN 01/08/312.00%2,150,000$2M1
006—CITRUS RE LTD UNSECURED 144A 06/33 VAR1.91%2,000,000$2M1
007—BUTTONWOO VRN 05/29/291.89%2,000,000$2M1
008—COREBRIDGE FINANC V/R 12/15/521.86%2,000,000$2M1
009—SANDERS R VRN 04/07/321.69%1,750,000$2M1
010—TORREY PINES RE LTD TORREY PINES RE LTD1.61%1,750,000$2M1
011—INTEGRITY VRN 06/06/271.52%1,500,000$2M1
012—ATLAS CAP VRN 06/09/311.45%1,500,000$2M1
013—KILIMANJA VRN 07/09/321.42%1,500,000$2M1
014—ABACAB RE VRN 04/13/331.41%1,500,000$2M1
015—FUCHSIA 2 VRN 04/06/321.22%1,290,000$1M1

Showing 1–15 of 119 holdings

ILS Performance

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

ILS$10,887
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ILS $10,887. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+6.5%
1 month+1.7%
3 months+4.3%
1 year+8.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+6.5%
2025+5.6%

Since listing, Apr 1, 2025

ILS in the news

ETF.net Research hasn’t filed on ILS yet — coverage lands here as it’s written.

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 Sep 22, 2026.
7.90%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. 5 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. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
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 · 16 months to Aug 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.
1.61
vs 3-month T-bills · 16 months to Aug 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%
17 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.
0.09
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%

26 of the 29 Alternative Strategies funds charge less.

ILS costs $265.00 a year on $10,000. The median Alternative Strategies fund costs $100.00.