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SPDF

GradeCChicago Board Options Exchange

Advisor Managed Portfolios - Defender Risk Adaptive 500 ETF

Major Indexes · Tamarisk Capital · Inception 2026-04-14

$28.24−0.20 (−0.70%)

As of Sep 23, 2026, 1:52 PM EDT

History starts Apr 15, 2026.History starts Apr 15, 2026.History starts Apr 15, 2026.
Intraday session: down, 17 prints from 28.44 to 28.24. Range 28.17 to 28.82. Use the arrow keys to read each point.$28.40$28.60$28.8010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$34M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$28.39
52W range
low $25.46high $28.98

The ETF.net SPDF Grade

C

47/ 100

Rank 13 of 20 in Trend-Following / Tactical Index⁠

Confidence Medium

Six-pillar profile for SPDF. Scores out of 100: Cost 29, Risk 95, Mission not scored, Tradability 55, Holdings 36, Durability 10. Strongest: Risk (95). Weakest: Durability (10). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 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.
    DScore 29
    Category rank14/20 · mid-pack

  • 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 95
    Category rank1/20 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 55
    Category rank10/20 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank19/20 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 10
    Category rank20/20 · bottom quartile

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

SPDF Holdings

As of Sep 20, 2026, 10:19 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
SPYM99.4%

Sectors

  • Technology38.5%
  • Financials12.1%
  • Communication9.6%
  • Consumer Discr.9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Cons. Staples4.5%
  • Energy3.4%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPYMState Street SPDR Portfolio S&P 500 ETF99.44%372,243$33M25
002—U.S. Bank Money Market Deposit Account 06/01/20310.59%199,076$199K100

Showing 1–2 of 2 holdings

SPDF Performance

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

SPDF$10,414
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. SPDF $10,414. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 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 SPDF. Periods over one year show the average yearly return.
PeriodSPDF
Year to dateFund launched this year—
1 month+1.4%
3 months+4.1%
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 SPDF
YearReturn barSPDF
2026 YTD+10.9%

History from Apr 15, 2026

SPDF in the news

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

SPDF 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 Apr 2026. No distributions yet.

SPDF Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 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 Apr 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 Apr 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.
1.00
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.

SPDF Cost

Expense ratio0.69%
  • The middle half of Trend-Following / Tactical Index funds
  • Median 0.60%

13 of the 20 Trend-Following / Tactical Index funds charge less.

SPDF costs $69.00 a year on $10,000. The median Trend-Following / Tactical Index fund costs $60.00.