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PRTO

GradeCNew York Stock Exchange Arca

RCN Pareto Strategic Allocation ETF

Multi-Asset & Alternatives · Pareto · Inception 2026-03-24

$27.68−0.23 (−0.82%)

As of Sep 23, 2026, 10:44 AM EDT

History starts Mar 25, 2026.History starts Mar 25, 2026.History starts Mar 25, 2026.
Intraday session: down, 3 prints from 27.91 to 27.68. Range 27.68 to 27.91. Use the arrow keys to read each point.$27.80$27.9010 AM12 PM2 PM4 PM
Expense ratio
0.82%
Fund size
$17M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$27.78
52W range
low $24.68high $28.53

The ETF.net PRTO Grade

C

50/ 100

Rank 29 of 46 in Tactical Allocation⁠

Confidence High

Six-pillar profile for PRTO. Scores out of 100: Cost 56, Risk 66, Mission 58, Tradability 17, Holdings 60, Durability 22. Strongest: Risk (66). Weakest: Tradability (17). Leans toward Risk and Holdings.
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.
    BScore 56
    Category rank21/46 · top 46%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 58
    Category rank19/26 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 66
    Category rank11/46 · top 24%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 17
    Category rank39/46 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 60
    Category rank18/42 · top 43%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 22
    Category rank42/46 · bottom quartile

Graded as of Sep 22, 2026

Our read on PRTO

ETF.net Research

CA rules-driven wanderer: PRTO leans on trend and momentum signals to shift across asset classes instead of parking in a fixed 60/40. Launched in 2026 at 0.82% a year, it undercuts the typical tactical allocator while it builds a record.

Stated mandate

The Fund seeks long-term capital appreciation through dynamic allocation across multiple asset classes, using systematic trend-following and momentum-driven signals.

Why people hold it

  1. 01The mandate is explicit: dynamic allocation across multiple asset classes driven by systematic trend-following and momentum signals. Rules decide when it leans in or backs off, not a manager's mood.
  2. 020.82% a year sits below the median fee in its tactical-allocation peer group, where all that shape-shifting usually costs more.
  3. 03One ticker covers the allocation decision. Instead of you rebalancing sleeves, the signals dial exposures up and down across asset classes.

Worth knowing

  1. 01It launched in 2026, so the signals have no long track record across a full market cycle yet.
  2. 02Small and thinly traded: spreads can run wider than the category's heavyweights, and size orders can move the price.
  3. 03Below the peer median on fees, not at the floor. ENDW (0.22%) and ONOF (0.39%) run tactical allocation playbooks for less.

PRTO Holdings

As of Sep 22, 2026, 2:37 PM
Asset class
Stocks
Holdings
—
Top-10 weight
91%
Largest holding
SCHA20.9%

Geography

  • United States99.31%
  • United Kingdom0.69%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SCHASchwab US Small-Cap ETF20.93%108,501$4M6
002IWMiShares Russell 2000 ETF20.88%12,739$4M15
003SGOLabrdn Physical Gold Shares ETF12.50%52,654$2M2
004QQQInvesco QQQ Trust Series 18.14%1,912$1M26
005SPYState Street SPDR S&P 500 ETF Trust7.91%1,782$1M38
006GLDMSPDR Gold MiniShares Trust6.97%14,136$1M16
007SCHDSchwab US Dividend Equity ETF4.41%22,788$768K4
008CTASimplify Managed Futures Strategy ETF3.62%21,618$630K5
009XLKState Street Technology Select Sector SPDR ETF2.68%2,396$467K33
010VXUSVanguard Total International Stock ETF2.56%5,120$446K10
011LMTLockheed Martin Corp1.70%552$296K406
012SPTSState Street SPDR Portfolio Short Term Treasury ETF1.62%9,840$283K5
013IJRiShares Core S&P Small-Cap ETF1.17%1,460$203K11
014IVViShares Core S&P 500 ETF1.05%236$183K54
015EQTEQT Corp1.05%3,653$183K320

Showing 1–15 of 20 holdings

PRTO Performance

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

PRTO$10,014
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PRTO $10,014. SPY $10,415. Use the arrow keys to read each point.$9,534$10,026$10,518Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 PRTO. Periods over one year show the average yearly return.
PeriodPRTO
Year to dateFund launched this year—
1 month−2.2%
3 months+0.1%
1 yearFund is under 1 year old—
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 PRTO
YearReturn barPRTO
2026 YTD+10.3%

History from Mar 25, 2026

PRTO in the news

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

PRTO 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Mar 2026. No distributions yet.

PRTO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
0.79
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.

PRTO Cost

Expense ratio0.82%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

20 of the 46 Tactical Allocation funds charge less.

PRTO costs $82.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.