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TSSD

GradeCNew York Stock Exchange Arca

Truth Social American Security & Defense ETF

Themes · Truth Social · Inception 2025-12-30

$30.72+0.29 (+0.95%)

As of Sep 23, 2026, 11:06 AM EDT

History starts Dec 30, 2025.History starts Dec 30, 2025.
Intraday session: up, 4 prints from 30.43 to 30.72. Range 30.43 to 30.72. Use the arrow keys to read each point.$30.40$30.50$30.6010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$7M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
64
Volume · 30D
0M sh
NAV per share
$30.65
52W range
low $23.67high $32.15

The ETF.net TSSD Grade

C

45/ 100

Rank 13 of 26 in Defense & Aerospace⁠

Confidence Medium

Six-pillar profile for TSSD. Scores out of 100: Cost 26, Risk 81, Mission not scored, Tradability 52, Holdings 44, Durability 41. Strongest: Risk (81). Weakest: Cost (26). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 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 26
    Category rank20/26 · 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.
    AScore 81
    Category rank3/25 · top 12%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 52
    Category rank11/26 · top 42%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank17/26 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank20/26 · bottom quartile

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

Our read on TSSD

ETF.net Research

CDefense investing with a brand on the box. TSSD is Trump Media's Truth.Fi entry into the sector, tracking a MarketVector index of US national defense and cyber security companies built on an America-first rulebook.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the MarketVectorTM American Security & Defense Index.

Why people hold it

  1. 01The mandate is written down: it tracks the MarketVector American Security & Defense Index, a US defense and cyber security basket reviewed on a set semi-annual schedule.marketvector.com
  2. 02Wider lens than classic aerospace-and-defense sleeves such as XAR and ITA: the index reaches into cyber security alongside the traditional hardware names.marketvector.com
  3. 03Plain plumbing. A 1940 Act equity fund following a published index, not a derivatives package you need a decoder ring to read.

Worth knowing

  1. 01At 0.65% a year it runs above the defense cohort's 0.50% median and well above the big trackers (XAR at 0.35%, ITA at 0.37%).
  2. 02A December 2025 launch, still small and lightly traded, so spreads can run wider than the category's heavyweights. Limit orders are the usual answer.
  3. 03The branding is part of the product: it comes from Trump Media's Truth.Fi line via sponsor Yorkville America Equities, so news about the parent company travels with the fund.sec.gov

TSSD Holdings

As of Sep 20, 2026, 9:03 AM
Asset class
Stocks
Holdings
64
Top-10 weight
63%
Largest holding
PLTR9.6%

Geography

  • United States99.92%
  • Israel0.08%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PLTRPalantir Technologies Inc9.63%3,730$663K503
002PANWPalo Alto Networks Inc9.13%1,727$628K486
003CRWDCrowdstrike Holdings Inc8.42%2,438$579K454
004RTXRTX Corp6.76%2,395$465K390
005FTNTFortinet Inc5.94%2,405$408K465
006NETCloudflare Inc5.85%1,244$403K273
007LMTLockheed Martin Corp5.38%694$370K406
008GDGeneral Dynamics Corp4.57%891$315K367
009NOCNorthrop Grumman Corp3.88%506$267K345
010AXONAxon Enterprise Inc3.42%525$235K326
011LHXL3Harris Technologies Inc3.24%902$223K307
012OKTAOkta Inc2.65%1,000$182K245
013TDYTeledyne Technologies Inc2.45%279$168K264
014VRSNVeriSign Inc2.32%527$160K315
015ZSZscaler Inc2.24%780$154K219

Showing 1–15 of 64 holdings

TSSD Performance

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

TSSD$12,358
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. TSSD $12,358. SPY $11,430. Use the arrow keys to read each point.$8,992$11,175$13,357Dec 2025May 2026Sep 2026

Dec 31, 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 TSSD. Periods over one year show the average yearly return.
PeriodTSSD
Year to date+23.6%
1 month+1.0%
3 months+16.9%
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 TSSD
YearReturn barTSSD
2026 YTD+23.6%
2025−1.0%

Since listing, Dec 30, 2025

TSSD in the news

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

TSSD 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.0072 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Feb 25, 2026 $0.0069; Mar 25, 2026 $0.01; Jun 24, 2026 $0.0072. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 25, 2026$0.0072
Mar 25, 2026Mar 26, 2026$0.01
Feb 25, 2026Feb 26, 2026$0.0069

TSSD Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; 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 Dec 2025; 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 Dec 2025; 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.
0.47
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.

TSSD Cost

Expense ratio0.65%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

17 of the 25 Defense & Aerospace funds charge less.

TSSD costs $65.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.