TFPN ETF — Holdings & Analysis

The Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an actively-managed fund employing a trend-following investment strategy across multiple asset classes.

With $0.13 billion in assets under management, TFPN differentiates itself through its active management and trend-based approach, investing in a mix of global equities, fixed income, and cash instruments. Its expense ratio is relatively high at 2.06%. Past performance does not guarantee future results.

Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) ETF — Price, Holdings & Analysis

The Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an actively-managed fund employing a trend-following investment strategy across multiple asset classes. With $0.13 billion in assets under management, TFPN differentiates itself through its active management and trend-based approach, investing in a mix of global equities, fixed income, and cash instruments. Its expense ratio is relatively high at 2.06%. Past performance does not guarantee future results.

ETF Overview

The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing pursuant to a trend following program called the Chesapeake Program. In addition, the fund invests in cash, short-term U.S. Treasury securities, money market funds, and cash equivalents. The fund is non-diversified.

TFPN is an actively-managed ETF that seeks to generate returns by capitalizing on market trends through its Chesapeake Program. This program uses a trend-following strategy across various asset classes. The fund invests in cash, short-term U.S. Treasury securities, money market funds, and cash equivalents to manage risk and provide liquidity. A significant portion of the fund's assets are allocated based on the trend-following model's signals. The fund's top holdings include Euro Schatz Future Mar 26 (6.84%) and Short-Term Euro BTP Future Mar 26 (4.37%), reflecting its exposure to European fixed income markets. Sector allocations are diverse, with significant exposure to Industrials (29.2%), Technology (16.4%), and Basic Materials (13.7%). The fund is non-diversified, which means it can invest a significant portion of its assets in a smaller number of holdings, potentially leading to higher volatility. TFPN's investment approach is designed for investors seeking actively managed exposure to a trend-following strategy across multiple asset classes.

Risk Metrics

TFPN's risk profile is influenced by several factors. Its expense ratio of 2.06% is significantly higher than the category average, which can create a substantial drag on performance over time. The fund's non-diversified status means that its performance is highly dependent on the performance of its top holdings, increasing concentration risk. The fund's sector allocation introduces sector-specific risks, with notable exposure to Industrials and Technology. The fund's beta of 0.00 indicates that it has very low volatility relative to the market benchmark, but this may not fully capture the fund's risk due to its active management and trend-following strategy. Investors should be aware of the potential for higher volatility due to the active management and the non-diversified nature of the fund. Past performance does not guarantee future results.

Expense Ratio

2.06%

What does TFPN hold?

Holding	Weight
Euro Schatz Future Mar 26 (FGBSH26)	6.84%
Short-Term Euro BTP Future Mar 26 (FBTSH26)	4.37%

How Is the Fund Allocated?

Sector	Weight
Industrials	29.2%
Technology	16.4%
Basic Materials	13.7%
Energy	8.2%
Healthcare	7.2%
Financial Services	6.9%
Consumer Cyclical	5.5%
Consumer Defensive	5.0%
Communication Services	3.5%
Utilities	3.4%
Real Estate	1.1%

Country	Weight
United States	77.4%
Canada	7.4%
France	3.1%
United Kingdom	2.0%
Germany	1.6%
Brazil	1.6%
Australia	1.0%
South Africa	1.0%
China	0.9%
Mexico	0.8%

Dividend Yield

0.00%

ETC Cabana Target Drawdown 10 ETF (TDSC) — 0.90% expense ratio
Mindful Conservative ETF (MFUL) — 1.22% expense ratio
Bluemonte Diversified Income ETF (BLUI) — 0.75% expense ratio
Elm Market Navigator ETF (ELM) — 0.26% expense ratio
Fundamentals First ETF (KNOW) — 1.09% expense ratio
Leuthold Core Exchange Traded Fund (LCR) — 0.84% expense ratio
Return Stacked Bonds & Futures Yield ETF (RSBY) — 0.98% expense ratio
Prospera Income ETF (THRV) — 1.80% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is TFPN and what does it track?

The Blueprint Chesapeake Multi-Asset Trend ETF (TFPN) is an actively-managed ETF that employs a trend-following program called the Chesapeake Program. The fund seeks to achieve its investment objective by investing pursuant to this program.

In addition, the fund invests in cash, short-term U.S. Treasury securities, money market funds, and cash equivalents.

What is the expense ratio for TFPN?

The expense ratio for TFPN is 2.06%. This means that for every $10,000 invested in the fund, $206 is used to cover the fund's operating expenses.

The expense ratio is significantly higher than the average expense ratio for asset allocation ETFs, which is approximately 0.44%. Investors should consider the impact of this higher expense ratio on their overall returns, especially over the long term.

What are the top holdings in TFPN?

As of 2026-03-15, the top holdings in TFPN are: 1) Euro Schatz Future Mar 26 (FGBSH26) at 6.84%, and 2) Short-Term Euro BTP Future Mar 26 (FBTSH26) at 4.37%. These holdings indicate the fund's exposure to European fixed income markets.

Is TFPN a good long-term investment?

Whether TFPN is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. The fund's active management and trend-following strategy may provide opportunities for outperformance, but also introduce additional risk.

The high expense ratio of 2.06% can be a significant drag on long-term returns.

How does TFPN compare to similar ETFs?

TFPN distinguishes itself from many asset allocation ETFs through its active management and trend-following strategy. Many similar ETFs are passively managed and track broad market indexes, resulting in lower expense ratios.

TFPN's expense ratio of 2.06% is considerably higher than passively managed competitors.

Does TFPN pay dividends?

As of 2026-03-15, TFPN has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. The fund's investment strategy focuses on capital appreciation through trend-following, rather than income generation.

Investors seeking dividend income may want to consider other ETFs with a focus on dividend-paying stocks or bonds.