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TFPN

GradeFNew York Stock Exchange Arca

Blueprint Chesapeake Multi-Asset Trend ETF

Multi-Asset & Alternatives · Blueprint · Inception 2023-07-11

$30.27−0.04 (−0.15%)

As of Sep 23, 2026, 2:14 PM EDT

History starts Jul 12, 2023.
Intraday session: down, 4 prints from 30.32 to 30.27. Range 30.27 to 30.32. Use the arrow keys to read each point.$30.28$30.30$30.3210 AM12 PM2 PM4 PM
Expense ratio
1.13%
Fund size
$162M
1Y return
+22.8%
Yield · Last 12 months
0.00%
Volume · 30D
0M sh
NAV per share
$30.31
52W range
low $24.10high $33.34

The ETF.net TFPN Grade

F

23/ 100

Rank 14 of 16 in Managed Futures⁠

Confidence Medium

Six-pillar profile for TFPN. Scores out of 100: Cost 0, Risk 37, Mission not scored, Tradability 47, Holdings not scored, Durability 58. Strongest: Durability (58). Weakest: Cost (0). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 23 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 0
    Category rank16/16 · 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.
    DScore 37
    Category rank10/15 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank9/16 · mid-pack

  • 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.
    BScore 58
    Category rank8/16 · top 50%

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

Our read on TFPN

ETF.net Research

FTrend following in an ETF wrapper. TFPN moves across global assets by following what's already moving, with capital preservation written into its stated objective, and it prices like the hedge-fund cousin it descends from.

Stated mandate

The Fund seeks to preserve capital while pursuing long-term capital appreciation.

Why people hold it

  1. 01Not a static 60/40. The mandate is multi-asset trend, so exposure follows what markets are doing rather than resetting to fixed stock and bond weights.
  2. 02Capital preservation comes first in the fund's own objective, with long-term appreciation second. Unusual framing for the allocation aisle.
  3. 03A registered 1940 Act ETF: exchange-traded, daily priced, 1099 reporting. Trend strategies often reach investors through limited partnerships instead.

Worth knowing

  1. 01The 2.06% expense ratio sits far above typical allocation ETFs (AOA and NTSX live in the low-cost lane). That's a cost hurdle the strategy carries every year.
  2. 02Thinly traded next to the cohort's giants, so spreads can widen. Order type and size matter more here than in a mega-fund.
  3. 03Launched in 2023, so the live ETF record is short, and it isn't structured as an income payer.

TFPN Holdings

As of Sep 20, 2026, 9:28 AM
Asset class
Other
Holdings
—
Top-10 weight
281%
Largest holding
FED FUND 30DAY May2765.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—FED FUND 30DAY May2765.33%-181$-72M3
002—3MO EURO EURIBOR Sep2757.92%-231$-64M2
003—3 MONTH SOFR FUT Sep2731.12%-144$-34M2
004—3M CORRA Futures Sep2728.91%-185$-32M2
005—ICE 3MTH SONIA FU Sep2728.55%-99$-31M2
006—90-DAY BANK BILL Sep2722.12%-361$-24M2
007—USD/CNH PH FUT Dec2619.01%-211$-21M2
008—JPN 10Y BOND(OSE) Dec2613.73%-19$-15M5
009—EURO FX CURR FUT Dec267.32%-56$-8M8
010—CAN 10YR BOND FUT Dec267.07%-94$-8M4
011—EURO-BUND FUTURE Dec267.01%-56$-8M9
012—US 10YR NOTE (CBT)Dec266.53%-68$-7M21
013—AUST 10Y BOND FUT Dec266.42%-105$-7M3
014—C$ CURRENCY FUT Dec265.54%-85$-6M6
015—CHF CURRENCY FUT Dec264.46%-32$-5M3

Showing 1–15 of 27 holdings

TFPN Performance

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

TFPN$12,278
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. TFPN $12,278. SPY $11,723. Use the arrow keys to read each point.$9,239$11,355$13,470Sep 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 TFPN. Periods over one year show the average yearly return.
PeriodTFPN
Year to date+18.3%
1 month+1.0%
3 months−6.4%
1 year+22.8%
3 years+7.6%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 TFPN
YearReturn barTFPN
2026 YTD+18.3%
2025+3.6%
2024+2.6%
2023−1.6%

History from Jul 12, 2023

TFPN in the news

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

TFPN 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.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 2 payments from 2023 to 2024. Dec 5, 2023 $0.24; Dec 5, 2024 $0.23. Use the arrow keys to read each point.20232024
Ex-datePay dateAmount per share
Dec 5, 2024Dec 9, 2024$0.23
Dec 5, 2023Dec 8, 2023$0.24

TFPN Risk

How much the fund’s monthly returns vary, scaled to a year.
13.6%
Annualised · 36 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.
0.22
vs 3-month T-bills · 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.
−16.7%
38 months · trough Apr 2025
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.
0.59
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.

TFPN Cost

Expense ratio1.13%
  • The middle half of Managed Futures funds
  • Median 0.85%

Every other Managed Futures fund charges less.

TFPN costs $113.00 a year on $10,000. The median Managed Futures fund costs $85.00.