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TFFI

GradeFNew York Stock Exchange Arca

Chesapeake Trend-Following Fixed Income ETF

Multi-Asset & Alternatives · Chesapeake · Inception 2026-02-23

$21.82+0.44 (+2.07%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Feb 24, 2026.History starts Feb 24, 2026.
Intraday session: up, 13 prints from 21.38 to 21.82. Range 21.53 to 21.86. Use the arrow keys to read each point.$21.50$21.60$21.7010 AM12 PM2 PM4 PM
Expense ratio
1.01%
Fund size
$40M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$21.41
52W range
low $19.00high $21.98

The ETF.net TFFI Grade

F

11/ 100

Rank 15 of 16 in Managed Futures⁠

Confidence Medium

Six-pillar profile for TFFI. Scores out of 100: Cost 7, Risk 8, Mission not scored, Tradability 20, Holdings not scored, Durability 23. Strongest: Durability (23). Weakest: Cost (7). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 11 of 100 sits in the F 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 7
    Category rank15/16 · 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.
    FScore 8
    Category rank15/15 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 20
    Category rank15/16 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 23
    Category rank14/16 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on TFFI

ETF.net Research

FTrend-following usually means chasing every market at once. TFFI aims the same playbook at global fixed income, wrapped as a commodity pool, with a prospectus that puts capital preservation ahead of growth.

Stated mandate

The Fund seeks to preserve capital and generate long-term capital appreciation.

Why people hold it

  1. 01Narrow by design: a trend system pointed at global fixed income instead of the usual grab bag of commodities, currencies and stock index futures.
  2. 02The stated objective leads with preserving capital, then long-term appreciation. That ordering is unusual in a corner of the market built on chasing big moves.
  3. 03Cohort leaders DBMF and CTA trade the whole futures board. TFFI's bonds-and-rates lane makes it a different exposure rather than another copy of the same trade.

Worth knowing

  1. 01At 1.01% a year it costs more than the managed futures cohort median of 0.95%, and more than DBMF at 0.85% or CTA at 0.75%.
  2. 02A 2026 launch that is still small and lightly traded: live history is thin, spreads can be wide, and it sits behind the cohort's established names for now.
  3. 03Filed as a commodity pool rather than a standard 1940 Act fund, a wrapper with its own reporting and tax rules. The prospectus spells them out.

TFFI Holdings

As of Sep 20, 2026, 10:13 AM
Asset class
Stocks
Holdings
—
Top-10 weight
67%
Largest holding
3MO TONA OSE Jun279.6%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—3MO TONA OSE Jun279.57%-187$-29M1
002—FED FUND 30DAY Feb278.38%-64$-26M1
003—FED FUND 30DAY May277.71%-59$-23M3
004—Three-Month SARON Mar287.51%-76$-23M1
005—3MO EURO EURIBOR Sep277.35%-81$-22M2
006—3 MONTH SOFR FUT Sep286.26%-80$-19M2
007—Three-Month SARON Sep276.14%-62$-19M1
008—3MO EURO EURIBOR Sep284.90%-54$-15M2
009—3M CORRA Futures Mar284.86%-86$-15M2
010—ICE 3MTH SONIA FU Sep284.18%-40$-13M2
011—3 MONTH SOFR FUT Sep273.99%-51$-12M2
012—3M CORRA Futures Sep273.68%-65$-11M2
013—ICE 3MTH SONIA FU Sep273.65%-35$-11M2
014—Short Euro-BTP Fu Dec263.62%-92$-11M1
015—90-DAY BANK BILL Mar283.20%-144$-10M2

Showing 1–15 of 37 holdings

TFFI Performance

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

TFFI$10,695
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. TFFI $10,695. SPY $10,415. Use the arrow keys to read each point.$9,699$10,283$10,866Jun 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 TFFI. Periods over one year show the average yearly return.
PeriodTFFI
Year to dateFund launched this year—
1 month+4.9%
3 months+7.0%
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 TFFI
YearReturn barTFFI
2026 YTD+6.6%

History from Feb 24, 2026

TFFI in the news

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

TFFI 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 Feb 2026. No distributions yet.

TFFI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 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 Feb 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 Feb 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.
0.19
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.

TFFI Cost

Expense ratio1.01%
  • The middle half of Managed Futures funds
  • Median 0.85%

11 of the 13 Managed Futures funds charge less.

TFFI costs $101.00 a year on $10,000. The median Managed Futures fund costs $85.00.