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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −3.5% | ▼ −55.9% | ▼ −52.7% | — | — | — | — | ▼ −73.7% |
| Peer average | ▼ −1.6% | ▼ −15.9% | ▼ −11.3% | ▼ −14.3% | ▼ −27.0% | ▲ +31.6% | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| UNUSUAL MACHINES, INC.-SWAP-JNST-L | swap | 40.14% |
| UNUSUAL MACHINES, INC.-SWAP-NMRA-L | swap | 38.09% |
| UNUSUAL MACHINES, INC.-SWAP-CANT-L | swap | 30.94% |
| UNUSUAL MACHINES, INC.-SWAP-MREX-L | swap | 30.61% |
| UNUSUAL MACHINES, INC.-SWAP-CLST-L | swap | 30.53% |
| UNUSUAL MACHINES, INC.-SWAP-NBCB-L | swap | 30.18% |
| First American Government Obligations Fund 12/01/2031 | Reported holding | 0.63% |
| Cash & Other | Reported holding | -101.12% |
Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.
UMAL uses swap agreements and short-dated listed call options to make bullish bets on the share price of Unusual Machines, Inc. (NYSE American: UMAC). UMAC operates in the commercial drone industry. It sells small drones, drone components (motors, electronics, FPV systems), accessories, and kits. It distributes products through e-commerce, B2B, direct-to-consumer, and retail channels. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in the UMAC price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind UMAL.