PMV Adaptive Risk Parity ETF (ARP)
Adaptive multi-asset exposure
The ARP ETF is designed to improve portfolio outcomes by providing adaptive exposure to global equities, bonds, commodities, and currencies. ARP follows a systematic process for allocating risk across return sources that respond differently to changing conditions, offering the potential for a complementary return stream to traditional stock and bond allocations.
Fund details
*The Adviser has contractually agreed to waive its fess and/or to reimburse expenses to keep the Total Annual Fund Operating Expenses from exceeding 1.20% of the average daily net assets of the Fund until February 28, 2026
Different assets for different environments
As economic environments persist, they create observable trends in asset prices. ARP uses a systematic process to follow these trends and adjust exposures dynamically, with the goal of managing risk while still providing growth opportunities.
Persistent trends
create opportunities
Market cycles are driven by changes in economic growth and inflation, and each asset class responds differently to those factors. No single asset performs well across every condition, which is why adaptive, multi-asset exposure plays an important role in navigating the full range of market environments.
‘Global Stocks’ represented by the MSCI ACWI Index, ‘Gold’ represented by the S&P GSCI Gold Index, ‘US Treasuries’ represented by the Bloomberg US Treasury 20+ Yr. TR index, and ‘Commodities’ represented by the Bloomberg Commodity Index. All returns shown are for the calendar year periods shown. Index returns are for illustrative purposes only and do not represent actual Fund performance. Index returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. Source Morningstar Direct and Ycharts. Calculated on November 30, 2025.”
A core complement
to stocks + bonds
ARP seeks to deliver true multi-asset diversification and growth potential through changing market cycles. As a core portfolio holding, it can complement traditional equity and bond exposures within a long-term portfolio framework.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s prospectus and the summary prospectus. Please read the prospectus carefully prior to investing.
An investment in the fund involves risk, including possible loss of principal. In addition to the normal risks associated with investing, the Fund is subject to Momentum Risk. Therefore, the value of the Fund may decline if, among other reasons, momentum trends believed to be beneficial to the Fund stop, reverse, otherwise behave differently than predicted, or the securities selected for inclusion in the Fund’s portfolio do not perform as anticipated. An actively-managed fund is subject to the risk that its investment adviser will select investments or allocate assets in a manner that could cause the fund to underperform or otherwise not meet its investment objective.
Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.
Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time.
PMV Capital Advisers, LLC serves as the investment adviser of the Fund. Vident Asset Management, LLC serves as a sub advisor to the Fund. The Fund is distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with PMV Capital Advisers, LLC, Vident Asset Management, LLC or any of its affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.