PP
Meet Kevin Pricing Power ETF
PP is an actively managed portfolio of 25 to 60 innovative US companies that have more pricing power relative to their peers. The fund may use targeted ETFs as a potential macro-hedge against anticipated market risks.
Asset Allocation
MULTI
Active
MANAGEMENT STYLE
29.4 M
ASSETS UNDER MGMT
77 bp
EXPENSES
Fund Basics
| Fund sponsor | Toroso Investments |
| Category | Asset Allocation |
| Asset class | Multi |
| Website | link... |
| Inception date | Nov 29, 2022 |
| Assets (mns) | $29 |
| Expense ratio | 77 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| DIREXION DAILY 20 YEAR PLUS TREASURY BULL 3X | 16.1 % |
| ENPHASE ENERGY INC | 12.4 % |
| UNITED STATES TREASURY NOTE/BOND 4.625% 11/15 | 9.9 % |
| ROCKET COS INC | 9.8 % |
| CASH & OTHER | 7.6 % |
| MR COOPER GROUP INC | 5.7 % |
| UWM HOLDINGS CORP | 5.5 % |
| YELP INC | 5.3 % |
| TESLA INC | 4.8 % |
| REDFIN CORP | 4.8 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.9% | 1.7% | 10.6% | -- | -- | -- | -- | 11.9% |
| Dividend Yield | -2.9% | -1.7% | -10.6% | -- | -- | -- | -- | -11.9% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | 21.1% | 21.0% | 23.9% | -- | -- | -- | -- | 25.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.92 | 60% |
| MSCI EAFE | 1.36 | 35% |
| MSCI Emg Mkts | 1.54 | 43% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $1 |
| Turnover | 3.6% |
| Avg. Bid/Ask (% of price) | 0.28% |
Technical Indicators
| Recent close | $26.10 |
| 30d moving avg. | $26.08 |
| Annualized volatility | 32.8% |
| Relative strength (RSI) | 49 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Asset Allocation Multi ETFs |
| # of ETFs | 68 |
| Avg. Expense Ratio | 87.7 bp |
| Std. Deviation | 54.3 bp |
| PP (77 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PP | 77.0 | 27.9 | 104.9 |
| Peer Avg. | 86.8 | 70.5 | 157.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .