RPHS ETF — Holdings & Analysis

The Regents Park Hedged Market Strategy ETF (RPHS) is an actively-managed equity ETF with $0.06 billion in assets under management.

RPHS seeks to replicate the S&P 500 Price Index through a combination of direct equity investments and equity market index derivatives. With an expense ratio of 0.75%, RPHS aims to provide market exposure while actively managing its portfolio based on relative valuations. The fund's strategy differentiates itself through its active management approach within the large-cap equity space.

Regents Park Hedged Market Strategy ETF (RPHS) ETF — Price, Holdings & Analysis

The Regents Park Hedged Market Strategy ETF (RPHS) is an actively-managed equity ETF with $0.06 billion in assets under management. RPHS seeks to replicate the S&P 500 Price Index through a combination of direct equity investments and equity market index derivatives. With an expense ratio of 0.75%, RPHS aims to provide market exposure while actively managing its portfolio based on relative valuations. The fund's strategy differentiates itself through its active management approach within the large-cap equity space.

ETF Overview

The fund is an actively-managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, in equity securities represented in, or instruments related or linked to, the S&P 500 Price Index (“S&P 500 Index”). The fund’s adviser determines the amount of the fund’s portfolio to be invested directly in a basket of equity securities that is correlated to the overall performance of the S&P 500 Index and in equity market index derivatives based on its assessment of their relative valuations.

The Regents Park Hedged Market Strategy ETF (RPHS) is designed for investors seeking exposure to the S&P 500 Index with an actively managed approach. Unlike passively managed index funds, RPHS's adviser actively adjusts the portfolio's composition based on their assessment of relative valuations between equity securities and equity market index derivatives. The fund invests directly in a basket of equity securities correlated to the S&P 500 Index. A significant portion of the fund is allocated to the technology sector (33.1%), followed by Financial Services (12.3%), Communication Services (10.7%), and Consumer Cyclical (10.1%). The fund's top holding is iShares US Large Cap Deep Bffr ETF $ Acc (USDB.AS) at 9.55%. This active management strategy aims to potentially outperform the S&P 500 Index, although it also introduces the risk of underperformance compared to a passive index fund.

Risk Metrics

Investing in RPHS involves several risks. The fund's active management strategy introduces the risk of underperformance compared to passively managed S&P 500 index funds. The fund's sector allocation also presents concentration risk, with a significant portion of its assets invested in the technology sector (33.1%), making it vulnerable to downturns in that sector. The fund's beta of 0.87 indicates that it is less volatile than the overall market. The expense ratio of 0.75% is higher than passively managed ETFs, which can create an expense drag on returns over time. Country exposure is heavily weighted towards the United States at 115.0%, exposing the fund to risks associated with the U.S. economy and market conditions.

Expense Ratio

0.75%

What does RPHS hold?

Holding	Weight
iShares US Large Cap Deep Bffr ETF $ Acc (USDB.AS)	9.55%

How Is the Fund Allocated?

Sector	Weight
Technology	33.1%
Financial Services	12.3%
Communication Services	10.7%
Consumer Cyclical	10.1%
Healthcare	9.8%
Industrials	8.7%
Consumer Defensive	5.4%
Energy	3.5%
Utilities	2.5%
Real Estate	2.0%
Basic Materials	1.9%

Country	Weight
United States	115.0%
Netherlands	3.6%
Canada	3.6%
France	0.8%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Risk Metrics

Beta: 0.87

Questions & Answers

What is RPHS and what does it track?

The Regents Park Hedged Market Strategy ETF (RPHS) is an actively-managed ETF that aims to mirror the investment characteristics of the S&P 500 Price Index.

However, unlike a passive index fund, RPHS uses a combination of direct equity investments and equity market index derivatives to achieve its objective.

What is the expense ratio for RPHS?

The expense ratio for the Regents Park Hedged Market Strategy ETF (RPHS) is 0.75%. This means that for every $10,000 invested in the fund, $75 is charged annually to cover operating expenses.

While this provides active management, it is higher than the average expense ratio for passively managed large-cap equity ETFs, which often fall below 0.10%.

What are the top holdings in RPHS?

As of 2026-03-15, the top holding in the Regents Park Hedged Market Strategy ETF (RPHS) is iShares US Large Cap Deep Bffr ETF $ Acc (USDB.AS), comprising 9.55% of the fund's portfolio.

While specific weights for other individual holdings are not detailed, the fund's sector allocation provides insight into its broader exposures. The fund has significant allocations to Technology (33.1%), Financial Services (12.3%), and Communication Services (10.7%).

Is RPHS a good long-term investment?

Whether RPHS is a suitable long-term investment depends on an individual's investment goals and risk tolerance. The fund's active management strategy aims to outperform the S&P 500, but this also introduces the risk of underperformance.

With an expense ratio of 0.75%, the fund is more expensive than passively managed index funds.

How does RPHS compare to similar ETFs?

RPHS differentiates itself from other S&P 500-focused ETFs through its active management strategy. While many ETFs passively track the index, RPHS's managers actively adjust the portfolio based on their market outlook.

This comes at a higher expense ratio of 0.75% compared to passive ETFs, which typically have expense ratios below 0.10%.

Does RPHS pay dividends?

According to the latest data, the Regents Park Hedged Market Strategy ETF (RPHS) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividend income to its shareholders.

Investors seeking dividend income may want to consider other equity ETFs with a history of dividend payments. However, it's important to note that dividend yields can fluctuate over time based on market conditions and fund performance.