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Launched · SEC filings

Toews Agility Shares Managed Risk ETF

MRSKNYSE ArcaD

$40.20+0.03 (+0.08%)

As of Oct 13, 2026, 3:56 PM

D25/ 100

Rank 51 of 52 in S&P 500 Option Income

D25/100Rank 51 of 52inS&P 500 Option Income
Intraday session: up, 20 prints from 40.17 to 40.20. Range 40.12 to 40.21. Use the arrow keys to read each point.40.1240.1440.1810 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$327M
1Y total return
+14.1%
Yield · Last 12 months
0.34%
Holdings
6
Avg volume · 30D
0M sh
NAV per share
$40.18
52W range
low $34.50high $41.71
Launched
Filings
SEC EDGAR

The ETF.net MRSK Grade

D

Score 25 out of 100

Category
S&P 500 Option Income⁠
Rank
51 of 52
Six-pillar profile for MRSK. Scores out of 100: Cost 10, Risk 36, Mission 10, Tradability 55, Holdings 31, Durability 64. Strongest: Durability (64). Weakest: Mission (10). Leans toward Durability.

Score 25 of 100 falls in the D 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.
    F10 out of 100
    Rank 46 of 52

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F10 out of 100
    Rank 35 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 38 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 19 of 52

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 41 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 18 of 52

Our read on MRSK

ETF.net Research

DMost options-income funds just sell calls on stocks. MRSK runs two engines: S&P 500 exposure plus options on one side, Treasuries and Treasury futures on the other, chasing income and growth while trying to limit the damage.

Stated mandate

The Fund seeks income and long-term capital growth while limiting risk. It combines an equity-market strategy using S&P 500 exposure and options with a fixed-income strategy using U.S. Treasury securities and related futures.

Why people hold it

  1. 01Two sleeves, one ticker: an S&P 500 equity-and-options book paired with U.S. Treasuries and Treasury futures, aimed at income and long-term growth while limiting risk.
  2. 02Live since 2020, so there's a multi-year record across real market stress to examine, not a backtest.
  3. 03Actively run with the S&P 500 as its reference point, so the manager sets the stock, options and bond mix instead of following a fixed overlay rule.

Worth knowing

  1. 01At 0.98%, it costs more than the typical fund in its options-income group, and more than same-benchmark peers such as NBOS (0.59%) and SIXH (0.73%).
  2. 02Thinly traded next to the category's heavyweights, so spreads can be wider and larger orders need more care at the point of execution.
  3. 03Distributions land annually or semiannually rather than monthly, so the cash flow is lumpier than in most income-focused peers.

MRSK Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
6
Top-10 weight
102%
Largest holding
IVV87.2%

Sectors

  • Technology39.9%
  • Financials11.4%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.8%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVVIshares-C S&P50087.18%365,070$285M57
002—Bbh Sweep Vehicle6.41%20,984,220$21M49
003—S&P500 Emini Optn DEC27P4.14%875$14M1
004—Us Dollar Future3.71%12,151,368$12M9
005—S&P500 Emini Optn DEC26P (ESZ6P 6625 Index)0.13%431$442K2
006—S&P Emini 3RD Wk NOV26P (3EX6P 6400 Index)0.04%431$142K1

Showing 1–6 of 6 holdings

MRSK Performance

Launched Jun 25, 2020

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.
MRSK$11,408
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. MRSK $11,408. 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 MRSK. Periods over one year show the average yearly return.
PeriodMRSK
Year to date+9.2%
1 month+2.2%
3 months+3.5%
1 year+14.1%
3 yearsper year+13.0%
5 yearsper year+8.4%
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 MRSK
YearReturn barMRSK
2026 YTD+9.2%
2025+11.9%
2024+14.6%
2023+13.3%
2022−11.9%
2021+20.5%
2020+16.3%

Since listing, Jun 25, 2020

MRSK in the news

Filtered to MRSK · S&P 500 Option Income

MRSK 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.
0.34%Last 12 months
Payout per share
$0.14Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2020–2026

One bar per payment. 7 payments from 2020 to 2026 YTD. Dec 15, 2020 $1.20; Dec 15, 2021 $4.18; Dec 15, 2022 $0.29; Dec 13, 2023 $0.17; Dec 12, 2024 $0.15; Dec 12, 2025 $0.09; Dec 30, 2025 $0.04. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 5, 2026$0.04
Dec 12, 2025Dec 17, 2025$0.09
Dec 12, 2024Dec 17, 2024$0.15
Dec 13, 2023Dec 18, 2023$0.17
Dec 15, 2022Dec 21, 2022$0.29
Dec 15, 2021Dec 21, 2021$4.18
Dec 15, 2020Dec 21, 2020$1.20

MRSK Risk

How much the fund’s monthly returns vary, scaled to a year.
9.2%
Annualised · 36 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.
0.88
vs 3-month T-bills · 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.
−14.7%
Trough Jun 2022
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.
0.66
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.

MRSK Cost

Expense ratio0.98%
  • The middle half of S&P 500 Option Income funds
  • Median 0.60%

45 of the 51 S&P 500 Option Income funds charge less.

MRSK costs $98.00 a year on $10,000. The median S&P 500 Option Income fund costs $60.00.

Other funds in S&P 500 Option Income

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