RISR
FolioBeyond Alternative Income and Interest Rate Hedge ETF
RISR is an alternative income ETF focused on generating high current income and portfolio diversification without exposure to traditional corporate credit risk.
RISR has a 5-star Overall Morningstar rating and ranked #6 among 194 funds in Morningstar’s Nontraditional Bond Funds category over a 3-year period ending on 2/28/26. The rating and ranking are based on Morningstar’s methodology of comparing risk-adjusted returns.
Fund Summary
The FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) is an actively managed exchange-traded fund (ETF) that seeks to provide diversification benefits, and helps to manage risk from interest rate volatility, while generating current income under a wide range of interest rate environments.
RISR invests primarily in interest-only mortgage-backed securities (MBS IOs) and U.S. Treasury bonds.
RISR Strategy & Positioning
RISR is a “quantamental”, actively managed, scalable strategy which is positioned as a
Diversifier for an existing fixed income portfolio regardless of one’s views on rates
Hedge for a fixed income allocation for those concerned about rising rates and who seek to shorten a portfolio’s duration without selling existing positions
Means of expressing a directional view for those who seek a vehicle designed to profit from rising rates
Fund Documents
Fund Information
| Fund Name | FolioBeyond Alternative Income and Interest Rate Hedge ETF |
| Fund Inception | 9/30/2021 |
| Ticker | RISR |
| Primary Exchange | NYSE Arca |
| CUSIP | 886364637 |
| NAV Symbol | RISR.IV |
| Gross Expense Ratio | 1.04% |
| 30-Day SEC Yield | 6.41% |
The Gross Expense Ratio includes Acquired Fund Fees and Expenses of 0.05%. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.99%.
The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share.
Fund Data and Pricing
| Date as of | 3/12/2026 |
| Net Assets | $190,728,544 |
| NAV | 35.99 |
| Shares Outstanding | 5,300,000 |
| Closing Price | 36.23 |
| Premium/Discount Percentage | 0.68% |
| Median 30-Day Spread Percentage | 0.50% |
30-Day Median Spread is a calculation of the Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10-second interval during each trading day during the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Performance
| Fund Ticker | 1M | 3M | 6M | YTD | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As Of |
|---|---|---|---|---|---|---|---|---|---|---|
| RISR NAV | -0.72% | 0.41% | -0.21% | -0.25% | 82.49% | 3.94% | 10.80% | - | 14.60% | 2/28/2026 |
| RISR MKT | -0.04% | 0.99% | -0.27% | -0.48% | 83.06% | 4.29% | 10.72% | - | 14.68% | 2/28/2026 |
| Fund Ticker | 1M | 3M | 6M | YTD | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As Of |
|---|---|---|---|---|---|---|---|---|---|---|
| RISR NAV | 0.66% | 1.15% | 1.45% | 4.45% | 82.96% | 4.45% | 11.48% | - | 15.27% | 12/31/2025 |
| RISR MKT | 1.48% | 2.24% | 1.69% | 4.64% | 83.94% | 4.64% | 11.61% | - | 15.41% | 12/31/2025 |
| Fund Ticker | 1M | 3M | 6M | YTD | Since Inception Cumulative | 1Y | 3Y | 5Y | Since Inception Annualized | As Of |
|---|---|---|---|---|---|---|---|---|---|---|
| RISR NAV | 0.66% | 1.15% | 1.45% | 4.45% | 82.96% | 4.45% | 11.48% | - | 15.27% | 12/31/2025 |
| RISR MKT | 1.48% | 2.24% | 1.69% | 4.64% | 83.94% | 4.64% | 11.61% | - | 15.41% | 12/31/2025 |
. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, monthly. There is no guarantee these distributions will be made.
Distribution Details
| Fund Name | Ex-Date | Record Date | Payable Date | Amount |
|---|---|---|---|---|
| RISR | 10/26/21 | 10/27/2021 | 10/29/2021 | 0.0330 |
| RISR | 11/24/21 | 11/26/21 | 11/30/21 | 0.0210 |
| RISR | 12/28/21 | 12/29/21 | 12/31/21 | 0.0200 |
| RISR | 01/26/22 | 01/27/22 | 01/28/22 | 0.0200 |
| RISR | 2/23/22 | 2/24/22 | 2/28/22 | 0.0400 |
| RISR | 03/28/22 | 03/29/22 | 03/31/22 | 0.0300 |
| RISR | 04/26/22 | 04/27/22 | 04/29/22 | 0.0300 |
| RISR | 05/26/22 | 05/27/22 | 05/31/22 | 0.0530 |
| RISR | 06/27/22 | 06/28/22 | 06/30/22 | 0.0900 |
| RISR | 07/26/22 | 07/27/22 | 07/29/22 | 0.1250 |
| RISR | 08/26/22 | 08/29/22 | 08/31/22 | 0.1497 |
| RISR | 09/27/22 | 09/28/22 | 09/30/22 | 0.1963 |
| RISR | 10/26/22 | 10/27/22 | 10/31/22 | 0.1858 |
| RISR | 11/25/22 | 11/28/22 | 11/30/22 | 0.1800 |
| RISR | 12/27/22 | 12/28/22 | 12/30/22 | 0.2450 |
| RISR | 1/26/23 | 1/27/23 | 1/31/23 | 0.1800 |
| RISR | 2/23/23 | 2/24/23 | 2/28/23 | 0.1800 |
| RISR | 3/28/23 | 3/29/23 | 3/31/23 | 0.1800 |
| RISR | 04/25/23 | 04/26/23 | 04/28/23 | 0.1800 |
| RISR | 5/25/23 | 5/26/23 | 5/31/23 | 0.1800 |
| RISR | 6/27/23 | 6/28/23 | 6/30/23 | 0.1800 |
| RISR | 7/26/23 | 7/27/23 | 7/31/23 | 0.1800 |
| RISR | 8/28/23 | 8/29/23 | 8/31/23 | 0.1800 |
| RISR | 9/26/23 | 9/27/23 | 9/29/23 | 0.1800 |
| RISR | 10/26/23 | 10/27/23 | 10/31/23 | 0.1800 |
| RISR | 11/27/23 | 11/28/23 | 11/30/23 | 0.1800 |
| RISR | 12/26/23 | 12/27/23 | 12/29/23 | 0.5130 |
| RISR | 1/26/24 | 1/29/24 | 1/31/24 | 0.1800 |
| RISR | 2/26/24 | 2/27/24 | 2/29/24 | 0.1800 |
| RISR | 3/26/24 | 3/27/24 | 3/28/24 | 0.1800 |
| RISR | 4/25/24 | 4/26/24 | 4/30/24 | 0.1800 |
| RISR | 5/29/24 | 5/29/24 | 5/31/24 | 0.1800 |
| RISR | 6/26/24 | 6/26/24 | 6/28/24 | 0.1800 |
| RISR | 7/26/24 | 7/26/24 | 7/30/24 | 0.1800 |
| RISR | 8/27/24 | 8/27/24 | 8/29/24 | 0.1800 |
| RISR | 9/26/24 | 9/26/24 | 9/30/24 | 0.1800 |
| RISR | 10/28/24 | 10/28/24 | 10/30/24 | 0.1800 |
| RISR | 11/26/24 | 11/26/24 | 11/29/24 | 0.1800 |
| RISR | 12/27/24 | 12/27/24 | 12/31/24 | 0.0830 |
| RISR | 1/30/25 | 1/30/25 | 1/31/25 | 0.1800 |
| RISR | 2/26/25 | 2/27/25 | 2/28/25 | 0.1800 |
| RISR | 3/25/25 | 3/25/25 | 3/26/25 | 0.1800 |
| RISR | 4/24/25 | 4/24/25 | 4/25/25 | 0.1800 |
| RISR | 5/28/25 | 5/28/25 | 5/29/25 | 0.1800 |
| RISR | 6/25/25 | 6/25/25 | 6/26/25 | 0.1800 |
| RISR | 7/25/25 | 7/25/25 | 7/28/25 | 0.1800 |
| RISR | 8/26/25 | 8/26/25 | 8/27/25 | 0.1800 |
| RISR | 9/25/25 | 9/25/25 | 9/26/25 | 0.1800 |
| RISR | 10/27/25 | 10/27/25 | 10/28/25 | 0.1800 |
| RISR | 11/25/25 | 11/25/25 | 11/26/25 | 0.1800 |
| RISR | 12/26/25 | 12/26/25 | 12/29/25 | 0.1670 |
| RISR | 1/29/26 | 1/29/26 | 1/30/26 | 0.1800 |
| RISR | 2/26/26 | 2/26/26 | 2/27/26 | 0.1800 |
Top 10 Holdings
Holdings subject to change
| CUSIP | Ticker Name | Shares Held | Market Value | % of Net Assets |
|---|---|---|---|---|
| 38385DEE2 | Government National Mortgage Association 3.5% 09/20/2051 | 45,852,363.42 | $7,174,134.60 | 3.76% |
| 38384NEL5 | Government National Mortgage Association 3% 01/20/2052 | 43,922,818.86 | $6,776,245.15 | 3.55% |
| 3137HCQF2 | Freddie Mac REMICS 4% 05/25/2052 | 46,374,638.44 | $5,737,458.67 | 3.01% |
| 38385G6D6 | Government National Mortgage Association 3.5% 10/20/2051 | 32,512,318.42 | $5,349,626.29 | 2.80% |
| Cash&Other | Cash & Other | 4,891,745.74 | $4,891,745.74 | 2.56% |
| 3137HDWE6 | Freddie Mac REMICS 3% 02/25/2052 | 38,521,504.96 | $4,856,180.78 | 2.55% |
| 3136BK5S7 | Fannie Mae REMICS 3% 08/25/2051 | 39,415,357.20 | $4,862,558.31 | 2.55% |
| 3137H34D1 | Freddie Mac REMICS 3% 10/25/2051 | 36,927,713.97 | $4,805,388.65 | 2.52% |
| 38384HZX9 | Government National Mortgage Association 5% 02/20/2053 | 19,880,342.84 | $4,780,298.81 | 2.51% |
| 38384GD23 | Government National Mortgage Association 4.5% 09/20/2049 | 23,467,367.41 | $4,687,987.75 | 2.46% |
| Date as of: | 3/13/2026 |
RISR
Five Essential Questions for Fixed Income Investors
A: RISR is engineered as an interest rate hedge through its negative duration profile (targeting negative 3 to negative 9 years). Unlike traditional bonds that lose value when rates rise, RISR invests in interest-only government-backed mortgage-backed securities (MBS IOs) that benefit from rising rates. Think of it as portfolio insurance, where RISR is designed to help stabilize your overall fixed income allocation without forcing you to sell existing positions.
Q2: What kind of income can I expect from RISR?
A: RISR delivers current income with a yield of around 6%, generated from AAA-rated and Agency securities including GNMA, FNMA, and FHLMC MBS IOs and U.S. Treasury bonds. The fund seeks to pay monthly distributions, making it attractive for investors seeking regular income streams. The investor is earning this yield without taking credit risk while getting risk mitigation against rate volatility—an important combination in today’s market.
Q3: How has RISR performed, and can I trust this strategy?
A: RISR has earned credibility through strong risk-adjusted performance: it holds a 5-star overall Morningstar rating and ranks #1 among 208 funds in the Nontraditional Bond Funds category over the last three years (as of 11/30/25). Since its 2021 launch, the fund has delivered a 15.5% average annual total return, powered by active management that attempts to adapt to changing rate environments. With over $180 million in assets, RISR has crossed the threshold that sophisticated institutional investors require, demonstrating investor confidence in the strategy.
A: RISR is ideal for three types of fixed income investors: investors seeking diversification beyond traditional fixed income, those concerned about rising rates who want to shorten duration without selling bonds, and anyone looking for income with built-in rate mitigation. The fund uses a “quantamental” approach blending quantitative algorithms with active management to navigate various rate scenarios.
Q5: What makes RISR different from typical bond ETFs?
A: Most bond ETFs suffer when rates rise—it’s the fundamental challenge of fixed income investing. RISR flips this dynamic through its negative duration exposure, making it designed to benefit from rising rates. Combined with its current 6% yield from government agency securities, managed portfolio construction, and monthly income distributions, RISR offers a solution that complements traditional bond allocations rather than replicating them. It’s an enhancement for your core bonds exposure that adds income and diversification.