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
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
CPXR, although actively managed, aims for 200% of the daily return of an index that reflects the daily price movements of copper through 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
Cash
Futures
Bonds, Cash & Other100.00%
Cash81.36%
Futures18.64%
Top 10 holdings
Dividends
Dividend payout history