Key stats
About Tidal Trust III USCF Daily Target 2X Copper Index ETF
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Inception date
Jan 21, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
CPXR, although actively managed, aims for 200% of the daily return of an index that reflects the daily price movements of copper through cash settled futures contracts and collateral. The index is designed to track the performance of copper futures rather than the metals spot price. It is comprised of one or three copper futures contracts trading on COMEX which are selected by price using quantitative formulas monthly. The fund does not invest directly in copper. Instead, it principally invests in cash settled copper futures contracts through a wholly-owned Cayman Islands subsidiary capped at 25%. It will also invest in high quality securities as collateral investments including US government securities, money market funds, and/or corporate debt securities. The fund aims to roll its futures contracts as it nears expiration and replace them with a later expiration date. It may also enter into reverse repurchase agreement transactions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund75.03%
Cash24.97%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CPXR assets under management is 544.68 K USD. It's risen 7.73% over the last month.
CPXR fund flows account for 470.99 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, CPXR doesn't pay dividends to its holders.
CPXR shares are issued by Toroso Investments Topco LLC under the brand USCF. The ETF was launched on Jan 21, 2025, and its management style is Active.
CPXR expense ratio is 1.20% meaning you'd have to pay 1.20% of your investment to help manage the fund.
CPXR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CPXR invests in funds.
CPXR trades at a premium (1.25%) meaning the ETF is trading at a higher price than the calculated NAV.