PMV[…]

PMV Adaptive Risk Parity ETFARP

1D 1M 3M YTD 1Y 3Y5YMAX

S&P 500 Compare

$32.75+0.1%

+$0.02 · Nov 6 close

Buy

AUM: $74M
Fee: 1.88%
Yield: 6.0%

Bumpy · 1Y: 1.1×S&P
Volume: 11K
NAV: $32.71

What's insideAll 7 →

HGER 34.2%VOO 33.7%USDU 19.0%VEA 7.0%

52-week range6% below the high

$30.20$34.68

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	−4.7%	−2.9%	+8.4%	+11.1%	+50.4%	—	+50.5%
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

ARP in One Breath

ARP Among Its Peers

YTD

#1ARPPMV+8.4%$74.3M

End-of-day Nov 8, 2026 · 1 ETFs by YTD

$10,000 in ARP

$10,000 in ARP became

$15,051

In the S&P 500 (VOO)

$20,307

Total return, dividends in · Dec 22, 2022 – Nov 6, 2026 · S&P 500 uses VOO

ARP’s Top Holdings

Today

HGERHarbor Commodity All Weather34.2%VOO33.7%USDU19.0%VEA7.0%QQQ4.3%SHV

HGERHarbor Commodity All Weather34.2%VOO33.7%USDU19.0%VEA7.0%QQQ4.3%SHVOther

Financial Services

PMV ARP · 7 holdings · top 6 shown · tile size = share of the fund · as of Nov 6, 2026

What ARP Holds

Today

Technology34.9%

[…]

Financial Services99.8%

HGER 34.2 · VOO 33.7 · USDU 19.0 · VEA 7.0 · QQQ 4.3 · SHV 1.5

Industrials10.6%

[…]

Consumer Cyclical8.8%

[…]

Communication Services8.1%

[…]

Healthcare7.7%

[…]

Consumer Defensive5.0%

[…]

PMV ARP · share of the fund by sector · as of Nov 6, 2026

Harbor’s Share of ARP

Today

34.2%

$342 of every $1,000 in ARP is Harbor

Harbor held by ARP

$25.4M

Most Harbor per dollar

ARP34.2%

FARX17.8%

EDGH15.0%

PMV ARP · each square = $10 of $1,000 · as of Nov 6, 2026

ARP’s Size vs Its Peers

Today

$74.3Mthe largest ETF

AUM · ARP and the 0 largest peers · Nov 8, 2026

ARP Fee per $100 vs Peers

Today

$1.88a year
per $100

$188 a year on $10,000

ARP$1.88

Expense ratio · peers · Nov 8, 2026

Inside ARP

6 holdings · as of Nov 6, 2026

ARP

PMV Adaptive Risk Parity ETF

Today

Technology34.9%Financial Services99.8%HGERHarbor Commodity ALL Weather34.2%VOO33.7%USDU19.0%VEA7.0%QQQSHVIndustrials10.6%Consumer Cyclical8.8%Communication Services8.1%Healthcare7.7%Consumer Defensive5.0%

Technology34.9%Financial Services99.8%HGER34.2%VOO33.7%USDU19.0%VEAQQQSHVIndustrials10.6%Consumer Cyclical8.8%Communication Services8.1%Healthcare7.7%Consumer Defensive5.0%

#	Ticker	Company	Weight ▼
1	HGER	Harbor Commodity ALL Weather	34.19%
2	VOO	Vanguard S&P 500 ETF	33.70%
3	USDU	Wisdomtree BBG Bullish	19.02%
4	VEA	Vanguard Ftse Developed ETF	6.99%
5	QQQ	Invesco QQQ Trust Series 1	4.32%
6	SHV	Ishares 0-1 Year Treasury BO	1.54%

See all 7 holdings ↓

TechnologyFinancial ServicesIndustrialsConsumer CyclicalCommunication ServicesHealthcareConsumer DefensiveBasic MaterialsEnergyUtilitiesReal Estate

PMV ARP · current holdings by weight · as of Nov 6, 2026 · each tile is one holding

All ARP Holdings

7 holdings · as of Nov 6, 2026

ARP

ARP’s Holdings

Today

#
1	HGERHarbor Commodity ALL Weather	Financial Services	34.19%	$3,419.43	739K	$25.1M
2	VOOVanguard S&P 500 ETF	Financial Services	33.70%	$3,370.43	37K	$24.7M
3	USDUWisdomtree BBG Bullish	Financial Services	19.02%	$1,902.16	514K	$13.9M
4	VEAVanguard Ftse Developed ETF	Financial Services	6.99%	$699.06	75K	$5.1M
5	QQQInvesco QQQ Trust Series 1	Financial Services	4.32%	$431.59	4,888	$3.2M
6	SHVIshares 0-1 Year Treasury BO	Financial Services	1.54%	$154.03	10K	$1.1M
7	—Cash	—	0.23%	$23.30	171K	$171K

PMV ARP · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

ARP

PMV Adaptive Risk Parity ETF’s Peers

Today

ARP has no close peers in our data yet: […]

Similar peers · Today’s and past-year returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

ARP vs VOO

YTD

ARP · PMV Adaptive Risk Parity

+8.4%

VOO · S&P 500

+8.7%

Gap

0.3 pts

PMV ARP and Vanguard VOO · Today total return · as of Nov 8, 2026

ARP vs Its Peer Average

YTD

ARPAvsBPeer average

1D+0.1%[…]

1M−4.7%[…]

3M−2.9%[…]

YTD+8.4%[…]

1Y+11.1%[…]

3Y+50.4%[…]

0–0level

0 peers · each row scaled to its leader

How Bumpy Is ARP?

View

ARP

How Bumpy

1.1×the S&P 500’s swings

CalmerBumpierS&P 1×ARP

S&P 500 swings · 1Y13.6%

PMV ARP · daily swings over the past year vs the S&P 500

ARP

Worst Drop

−10.1%from its Feb 27 high

Still below the high−5.5%

$10,000 at the high is now$9,450

PMV ARP · fall from the highest close, past year

ARP

On a Bad Day

0.8×the S&P 500’s fall

ARP’s worst day: Friday, Jan 30

ARP

−4.7%

S&P 500

−0.3%

Up days55 of every 100

S&P 500 up days52 of every 100

PMV ARP · average move on days the S&P 500 fell

ARP

Return for the Bumps

#1ARPPMV

No peers with a full year of prices to rank against yet.

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

ARP

Cost

Today

$188a year per $10,000

ARP

$188

Expense ratio 1.88%, taken from the fund’s value

ARP

Volatility & Beta

14.7%annual volatility

S&P 500 volatility13.6%

Downside volatility11.0%

Beta vs SPY0.74

Correlation vs SPY0.68

Daily total returns × √252 · past 254 trading days

ARP

Max Drawdown

−10.1%peak to trough

Peak closeFeb 27, 2026

Current drawdown−5.5%

Worst day−4.68% · Jan 30

Closing prices, dividends in

ARP

Up / Down Capture

75%down capture vs SPY

Down days

75%

Up days

80%

S&P 500

100%

Up ÷ down capture1.06

Up days55.1% (S&P 52.0%)

Average daily move on SPY up days and down days

ARP

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
ARP	0.45	0.60	14.7%	−10.1%	0.74	$188

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

ARP

Trading

Today

+0.12%above its holdings’ value

Close$32.75

NAV$32.71

Fee per $10,000$188 a year

Avg. volume 30D12K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

ARP

Fund Facts

Today

2022launched Dec 21

Tracks[…]

Exchange · CUSIPAMEX · 00791R301

StructureETF

Leverage1x

Cost on $10,000$188 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

PMV ARP · fund facts · as of Nov 8, 2026

ARP

Payouts by Year

$1.97per share, Dec 2025

Distribution yield6.0%

PaidOnce a year, in December

Latest ex-date · paidDec 30 · Jan 7, 2026

4 payouts added up$4.10 a share

PMV ARP · distributions by ex-date · 2022–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$32.71

Premium / discount[…]

Median spread · 30D[…]

Volume today11K

Average volume · 30D12K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.88%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$188.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 30, 2025	Jan 7, 2026	$1.97
Dec 30, 2024	Jan 7, 2025	$1.44
Dec 28, 2023	Jan 5, 2024	$0.67
Dec 28, 2022	Jan 6, 2023	$0.0137

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