Return Stacked® Portfolio Solutions

What is return stacking™? Start here ➡️ returnstacked.com/what-is-return…

RSST and RSSY were up 55.70% and 52.63% respectively, each beat the S&P 500 Index by more than 20 percentage points over the 12 months ending 4/30/2026. 𝐒𝐚𝐦𝐞 𝐞𝐪𝐮𝐢𝐭𝐲 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤 𝐢𝐧 𝐛𝐨𝐭𝐡. 𝐓𝐰𝐨 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐨𝐯𝐞𝐫𝐥𝐚𝐲𝐬 𝐨𝐧 𝐭𝐨𝐩. RSST stacks managed futures (trend) on top of U.S. equities and did most of its work through 2025. RSSY stacks futures yield (carry) on top of U.S. equities and did the heavy lifting during the Q1 2026 correction. Different diversifying engines, firing at different moments. Together producing a more robust outcome than either one alone would have. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒐𝒏𝒍𝒚 𝒂 𝒄𝒂𝒔𝒆 𝒇𝒐𝒓 𝒓𝒆𝒕𝒖𝒓𝒏 𝒔𝒕𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒐𝒏𝒆 𝒇𝒐𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒚𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒊𝒆𝒓𝒔. Want to see how stacking diversifiers on top core stocks and bonds might have behaved across different market regimes? Try our Return Stacked® backtester tool to see what stacking does to a 60/40. 👉 lp.returnstacked.com/simple-visuali… 𝐅𝐎𝐑 𝐒𝐓𝐀𝐍𝐃𝐀𝐑𝐃𝐈𝐙𝐄𝐃 𝐏𝐄𝐑𝐅𝐎𝐑𝐌𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐓𝐎 𝐋𝐄𝐀𝐑𝐍 𝐌𝐎𝐑𝐄 𝐕𝐈𝐒𝐈𝐓: • Return Stacked® U.S. Stocks & Managed Futures ETF - RSST (returnstackedetfs.com/rsst-return-st…) • Return Stacked® U.S. Stocks & Futures Yield ETF – RSSY (returnstackedetfs.com/rssy-return-st…)

RSST and RSSY were up 55.70% and 52.63% respectively, each beat the S&P 500 Index by more than 20 percentage points over the 12 months ending 4/30/2026. 𝐒𝐚𝐦𝐞 𝐞𝐪𝐮𝐢𝐭𝐲 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤 𝐢𝐧 𝐛𝐨𝐭𝐡. 𝐓𝐰𝐨 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐨𝐯𝐞𝐫𝐥𝐚𝐲𝐬 𝐨𝐧 𝐭𝐨𝐩. RSST stacks managed futures (trend) on top of U.S. equities and did most of its work through 2025. RSSY stacks futures yield (carry) on top of U.S. equities and did the heavy lifting during the Q1 2026 correction. Different diversifying engines, firing at different moments. Together producing a more robust outcome than either one alone would have. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒐𝒏𝒍𝒚 𝒂 𝒄𝒂𝒔𝒆 𝒇𝒐𝒓 𝒓𝒆𝒕𝒖𝒓𝒏 𝒔𝒕𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒐𝒏𝒆 𝒇𝒐𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒚𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒊𝒆𝒓𝒔. Want to see how stacking diversifiers on top core stocks and bonds might have behaved across different market regimes? Try our Return Stacked® backtester tool to see what stacking does to a 60/40. 👉 lp.returnstacked.com/simple-visuali… 𝐅𝐎𝐑 𝐒𝐓𝐀𝐍𝐃𝐀𝐑𝐃𝐈𝐙𝐄𝐃 𝐏𝐄𝐑𝐅𝐎𝐑𝐌𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐓𝐎 𝐋𝐄𝐀𝐑𝐍 𝐌𝐎𝐑𝐄 𝐕𝐈𝐒𝐈𝐓: • Return Stacked® U.S. Stocks & Managed Futures ETF - RSST (returnstackedetfs.com/rsst-return-st…) • Return Stacked® U.S. Stocks & Futures Yield ETF – RSSY (returnstackedetfs.com/rssy-return-st…)

RSST and RSSY were up 55.70% and 52.63% respectively, each beat the S&P 500 Index by more than 20 percentage points over the 12 months ending 4/30/2026. 𝐒𝐚𝐦𝐞 𝐞𝐪𝐮𝐢𝐭𝐲 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤 𝐢𝐧 𝐛𝐨𝐭𝐡. 𝐓𝐰𝐨 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐨𝐯𝐞𝐫𝐥𝐚𝐲𝐬 𝐨𝐧 𝐭𝐨𝐩. RSST stacks managed futures (trend) on top of U.S. equities and did most of its work through 2025. RSSY stacks futures yield (carry) on top of U.S. equities and did the heavy lifting during the Q1 2026 correction. Different diversifying engines, firing at different moments. Together producing a more robust outcome than either one alone would have. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒐𝒏𝒍𝒚 𝒂 𝒄𝒂𝒔𝒆 𝒇𝒐𝒓 𝒓𝒆𝒕𝒖𝒓𝒏 𝒔𝒕𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒐𝒏𝒆 𝒇𝒐𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒚𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒊𝒆𝒓𝒔. Want to see how stacking diversifiers on top core stocks and bonds might have behaved across different market regimes? Try our Return Stacked® backtester tool to see what stacking does to a 60/40. 👉 lp.returnstacked.com/simple-visuali… 𝐅𝐎𝐑 𝐒𝐓𝐀𝐍𝐃𝐀𝐑𝐃𝐈𝐙𝐄𝐃 𝐏𝐄𝐑𝐅𝐎𝐑𝐌𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐓𝐎 𝐋𝐄𝐀𝐑𝐍 𝐌𝐎𝐑𝐄 𝐕𝐈𝐒𝐈𝐓: • Return Stacked® U.S. Stocks & Managed Futures ETF - RSST (returnstackedetfs.com/rsst-return-st…) • Return Stacked® U.S. Stocks & Futures Yield ETF – RSSY (returnstackedetfs.com/rssy-return-st…)

Now available ➡️ returnstackedetfs.com/podcasts/stack… 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴. 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘳𝘪𝘴𝘬, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘱𝘰𝘴𝘴𝘪𝘣𝘭𝘦 𝘭𝘰𝘴𝘴 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘢𝘭.

Crisis alpha is often misunderstood. In our Q1 review @CHoffstein and @GestaltU break down how broad diversification across asset classes has historically driven returns during equity drawdowns - and why Trend and Carry strategies tend to work better together than alone.

RSST and RSSY were up 55.70% and 52.63% respectively, each beat the S&P 500 Index by more than 20 percentage points over the 12 months ending 4/30/2026. 𝐒𝐚𝐦𝐞 𝐞𝐪𝐮𝐢𝐭𝐲 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤 𝐢𝐧 𝐛𝐨𝐭𝐡. 𝐓𝐰𝐨 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐨𝐯𝐞𝐫𝐥𝐚𝐲𝐬 𝐨𝐧 𝐭𝐨𝐩. RSST stacks managed futures (trend) on top of U.S. equities and did most of its work through 2025. RSSY stacks futures yield (carry) on top of U.S. equities and did the heavy lifting during the Q1 2026 correction. Different diversifying engines, firing at different moments. Together producing a more robust outcome than either one alone would have. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒐𝒏𝒍𝒚 𝒂 𝒄𝒂𝒔𝒆 𝒇𝒐𝒓 𝒓𝒆𝒕𝒖𝒓𝒏 𝒔𝒕𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒐𝒏𝒆 𝒇𝒐𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒚𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒊𝒆𝒓𝒔. Want to see how stacking diversifiers on top core stocks and bonds might have behaved across different market regimes? Try our Return Stacked® backtester tool to see what stacking does to a 60/40. 👉 lp.returnstacked.com/simple-visuali… 𝐅𝐎𝐑 𝐒𝐓𝐀𝐍𝐃𝐀𝐑𝐃𝐈𝐙𝐄𝐃 𝐏𝐄𝐑𝐅𝐎𝐑𝐌𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐓𝐎 𝐋𝐄𝐀𝐑𝐍 𝐌𝐎𝐑𝐄 𝐕𝐈𝐒𝐈𝐓: • Return Stacked® U.S. Stocks & Managed Futures ETF - RSST (returnstackedetfs.com/rsst-return-st…) • Return Stacked® U.S. Stocks & Futures Yield ETF – RSSY (returnstackedetfs.com/rssy-return-st…)

RSST and RSSY were up 55.70% and 52.63% respectively, each beat the S&P 500 Index by more than 20 percentage points over the 12 months ending 4/30/2026. 𝐒𝐚𝐦𝐞 𝐞𝐪𝐮𝐢𝐭𝐲 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤 𝐢𝐧 𝐛𝐨𝐭𝐡. 𝐓𝐰𝐨 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐨𝐯𝐞𝐫𝐥𝐚𝐲𝐬 𝐨𝐧 𝐭𝐨𝐩. RSST stacks managed futures (trend) on top of U.S. equities and did most of its work through 2025. RSSY stacks futures yield (carry) on top of U.S. equities and did the heavy lifting during the Q1 2026 correction. Different diversifying engines, firing at different moments. Together producing a more robust outcome than either one alone would have. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒐𝒏𝒍𝒚 𝒂 𝒄𝒂𝒔𝒆 𝒇𝒐𝒓 𝒓𝒆𝒕𝒖𝒓𝒏 𝒔𝒕𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒐𝒏𝒆 𝒇𝒐𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒚𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒊𝒆𝒓𝒔. Want to see how stacking diversifiers on top core stocks and bonds might have behaved across different market regimes? Try our Return Stacked® backtester tool to see what stacking does to a 60/40. 👉 lp.returnstacked.com/simple-visuali… 𝐅𝐎𝐑 𝐒𝐓𝐀𝐍𝐃𝐀𝐑𝐃𝐈𝐙𝐄𝐃 𝐏𝐄𝐑𝐅𝐎𝐑𝐌𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐓𝐎 𝐋𝐄𝐀𝐑𝐍 𝐌𝐎𝐑𝐄 𝐕𝐈𝐒𝐈𝐓: • Return Stacked® U.S. Stocks & Managed Futures ETF - RSST (returnstackedetfs.com/rsst-return-st…) • Return Stacked® U.S. Stocks & Futures Yield ETF – RSSY (returnstackedetfs.com/rssy-return-st…)

RSST and RSSY were up 55.70% and 52.63% respectively, each beat the S&P 500 Index by more than 20 percentage points over the 12 months ending 4/30/2026. 𝐒𝐚𝐦𝐞 𝐞𝐪𝐮𝐢𝐭𝐲 𝐛𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤 𝐢𝐧 𝐛𝐨𝐭𝐡. 𝐓𝐰𝐨 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐨𝐯𝐞𝐫𝐥𝐚𝐲𝐬 𝐨𝐧 𝐭𝐨𝐩. RSST stacks managed futures (trend) on top of U.S. equities and did most of its work through 2025. RSSY stacks futures yield (carry) on top of U.S. equities and did the heavy lifting during the Q1 2026 correction. Different diversifying engines, firing at different moments. Together producing a more robust outcome than either one alone would have. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒐𝒏𝒍𝒚 𝒂 𝒄𝒂𝒔𝒆 𝒇𝒐𝒓 𝒓𝒆𝒕𝒖𝒓𝒏 𝒔𝒕𝒂𝒄𝒌𝒊𝒏𝒈 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒐𝒏𝒆 𝒇𝒐𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒚𝒊𝒏𝒈 𝒚𝒐𝒖𝒓 𝒅𝒊𝒗𝒆𝒓𝒔𝒊𝒇𝒊𝒆𝒓𝒔. Want to see how stacking diversifiers on top core stocks and bonds might have behaved across different market regimes? Try our Return Stacked® backtester tool to see what stacking does to a 60/40. 👉lp.returnstacked.com/simple-visuali… 𝐅𝐎𝐑 𝐒𝐓𝐀𝐍𝐃𝐀𝐑𝐃𝐈𝐙𝐄𝐃 𝐏𝐄𝐑𝐅𝐎𝐑𝐌𝐀𝐍𝐂𝐄 𝐀𝐍𝐃 𝐓𝐎 𝐋𝐄𝐀𝐑𝐍 𝐌𝐎𝐑𝐄 𝐕𝐈𝐒𝐈𝐓: • Return Stacked® U.S. Stocks & Managed Futures ETF - RSST (returnstackedetfs.com/rsst-return-st…) • Return Stacked® U.S. Stocks & Futures Yield ETF – RSSY (returnstackedetfs.com/rssy-return-st…)

📖 returnstacked.com/whats-the-opti… For informational purposes only. Not investment advice. Hypothetical performance does not represent actual trading. Past performance is not indicative of future results.

"Allocators plan in statistical time while clients live in behavioral time, which is closer to dog years." The optimal portfolio on paper is not the optimal portfolio in practice. New piece on how tracking error - not efficiency - may be the more useful guide for sizing a stack.

Introducing the Return Stacked® International Stocks & Managed Futures ETF – RSIT. For every $1 invested, RSIT is designed to provide $1 of international equity exposure and $1 of a managed futures trend-following strategy. Learn more at returnstackedetfs.com/rsit

🔗 investresolve.com/inc/uploads/pd… For informational purposes only. Not investment advice. Hypothetical performance does not represent actual trading. Past performance is not indicative of future results.

One finding from our Trend Replication analysis: blending three fundamentally different replication approaches historically reduced tracking error below what any single model achieved alone. A useful illustration of diversification applied to replication rather than return generation. Full report via @InvestReSolve ⬇️

📖 hedgenordic.com/2026/04/stop-m… 𝘍𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺. 𝘕𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘪𝘷𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.

The managed futures allocation problem isn't just numerical - it's behavioral. Why allocators struggle to hold the position, and a framework for thinking about it differently.

📖 returnstacked.com/whats-the-opti… For informational purposes only. Not investment advice. Hypothetical performance does not represent actual trading. Past performance is not indicative of future results.

Every advisor asks us the same question: what's the optimal stack? We ran the optimizer. The answer is mathematically elegant - and practically unusable. New piece exploring why, and what a more behaviorally sustainable framework looks like instead.

@choffstein @GestaltU STACKED UNPACKED: Trend, Carry, and a Narrative-Busting Quarter → lp.returnstacked.com/stacked-unpack…

Last chance to register - today at 2:00 PM ET. @choffstein and @GestaltU go live on the Q1 2026 commentary. Full positioning, attribution across all 7 ETFs, and your questions answered live.

@InvestReSolve 🔗 investresolve.com/inc/uploads/pd… For informational purposes only. Not investment advice. Hypothetical performance does not represent actual trading. Past performance is not indicative of future results.

We've published a 3-year hypothetical performance analysis of the Trend Replication Program. How closely can a systematic blend track the SG Trend Index — across bull markets, dislocations, and everything in between? The analysis is out now via @InvestReSolve. 👇