Get Stacked Investment Podcast

In today's complex market environment, finding genuine diversification and consistent returns has become increasingly challenging. What if you could harness two of the least correlated strategies to traditional portfolios available to investors today? Join us for an exclusive podcast where Rodrigo Gordillo, Portfolio Manager and co-founder of Return Stacked ETFs, reveals how combining trend following and carry strategies as stacks may create a whole that is much greater than the sum of their parts. (0:00) Introduction and systematic macro strategies overview (1:44) Intuitive understanding of trend, carry, and futures markets (7:35) Combining trend and carry strategies: Benefits and theories (16:21) Trend following and futures yield measurement (20:24) Trend and carry strategies comparative analysis (25:02) Non-correlation of carry and trend with traditional assets (27:19) Strategy performance: Conditional correlations and calendar year returns (30:45) Carry strategy performance in various market conditions (34:16) Trend managers and volatility, carry in bear markets (42:47) Introduction to return stacking and implementation challenges (47:09) Behavioral and statistical benefits of return stacking (53:43) Traditional vs. return stacked portfolios comparison (56:38) Leveraging, diversification, and final thoughts on return stacking (1:00:30) Practical implementation and key takeaways (1:01:07) Audience Q&A session (1:08:20) Central bank policies and bond allocation in stack strategies (1:12:57) Wrap-up, final questions, and recent strategy performance (1:14:39) Closing remarks, apologies, and sign-off

In this episode of ETF Spotlight, host Neena Mishra discusses Return Stacking with Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management. The conversation delves into the concept of Return Stacking, also known as Portable Alpha, which uses leverage to enhance returns and diversify portfolios. ---------------------------------------- ... The RSSB performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the RSSB standardized performance the most recent month-end performance, visit the Fund’s website at Global Stocks & Bonds - Return Stacked ETF (returnstackedetfs.com). Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please click here (https://www.returnstackedetfs.com/ [https://www.returnstackedetfs.com/]). Read the prospectus or summary prospectus carefully before investing. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. Definitions: Beta: for the purposes of this presentation "beta" is broadly defined as the returns achieved by the broad market index of a particular asset class. Alpha: refers to returns above that of a passive market benchmark Correlation measures the relationship between the price movements of two assets or securities, expressed as a value between -1 (means the two assets move in perfect opposition) and +1 (the two assets move in perfect unison). S&P 500 Index is an abbreviation for the Standard & Poor’s 500, a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. **Bloomberg US Aggregate Bond Index is an index that covers the broad U.S. investment grade, US dollar-denominated, fixed-rate taxable bond market. Société Générale Trend Index is designed to track the largest trend following commodity trading advisors (“CTAs”) in the managed futures space net of underlying fees. The index does not represent the entire universe of all CTAs. Actual rates of return may be significantly different and more volatile than those of the index Morningstar Systematic Trend Index refers to a type of alternative investment strategy that focuses on following and capitalizing on price trends in financial markets. Investments in this category employ a systematic, rules-based approach, often relying on quantitative models to identify and act on trends across multiple asset classes, including equities, bonds, commodities, and currencies. These strategies, sometimes known as "managed futures" or "trend-following" strategies, typically aim to generate returns by riding persistent market movements, whether upward or downward, and are designed to profit in a variety of market conditions, making them potentially valuable for diversification within a portfolio. Toroso Investments, LLC (“Toroso”) serves as investment adviser to the Funds and the Funds’ Subsidiary. Newfound Research LLC (“Newfound”) serves as investment sub-adviser to the Funds. ReSolve Asset Management SEZC (Cayman) (“ReSolve”) serves as futures trading advisor to the Fund and the Funds’ Subsidiary. Foreside Fund Services, LLC is the distributor for the Funds. Foreside is not related to Toroso, Newfound, or ReSolve. (0:00) Introduction by Nina Mishra and topic overview (0:55) Accessibility of return stacking for retail investors (2:30) Benefits and practical example of return stacking (6:29) Risks, historical financial crises, and volatility management (10:35) Deep dive into flagship fund RSST and its strategy (23:31) Overview and integration of other ETFs in traditional portfolios (30:16) Additional resources and key ETF tickers (31:29) Call to action, disclaimer, and legal information

In this episode, we delve into the world of portable alpha and risk management with John Glidden, a seasoned investor with over a decade of experience. John shares his journey from his early days in Newport News, Virginia, to his current role in managing billions of dollars. We explore the intricacies of portable alpha, the role of hedge funds, and the importance of governance buy-in. (0:00) Introduction of Jonathan Glidden and his background in portable alpha strategies (1:35) Podcast introduction, disclaimer, and hosts (2:43) Sponsor: returnstack.com (3:11) Jonathan's professional journey in portable alpha for Delta's pension plan (14:27) Evaluating alpha sources and hedge funds suitability (22:50) Challenges and reframing of hedge fund investments with a focus on high residual information ratio (26:01) Leverage limits and risk management in portable alpha (29:53) Alpha validation and lessons from 2008 (39:02) Gaining stakeholder buy-in and impact of overfunding on strategy (46:30) Adjusting derivatives and hedging in portable alpha management (49:11) Day-to-day complexities and liquidity management in pension portfolios (54:11) The effect of market conditions on pension fund performance and scalable strategies (58:50) Advice and importance of liquidity management during market shocks (1:06:11) Key lessons and concluding thoughts

Portable alpha (or as we like to call it: Return Stacking) has become increasingly popular in the financial media (including recent notes from industry giants like BlackRock, Russell Investments, and AQR) but many advisors are left asking: What does portable alpha mean? How might it benefit clients? How can I implement it? At Return Stacked Portfolio Solutions we have made it our mission to thoughtfully and transparently help allocate into a portable alpha framework for client portfolios. Join us for this deep dive podcast with Corey Hoffstein, CIO of Newfound Research, and Rodrigo Gordillo, President and Portfolio Manager at ReSolve Asset Management Global. (0:00) Introduction of the portable alpha concept and podcast overview (1:11) Host and guest introductions with regulatory disclaimer (2:00) Historical context and key topics of portable alpha strategies (5:20) Poll questions on portable alpha usage (6:57) Detailed explanation of portable alpha by Corey Hoffstein (10:49) Challenges in finding alpha across market segments (12:16) PIMCO's historical bond strategy and application to equities (19:32) Using S&P 500 futures for exposure and risk management (23:39) Summary of portable alpha's potential and comparison to traditional approaches (27:16) Introduction to funding problems and managed futures trend following (31:19) Performance of diversified portfolios and behavioral timing issues (35:06) Benefits of stacking alternatives on core portfolios and pre-stacked solutions (40:09) Practical implementation of return stacking and key takeaways (41:23) Q&A on implementing portable alpha and return stacking (45:11) Lessons from 2008 and modern portable alpha approaches (49:19) Addressing leverage and risk in fund structures (52:06) Modern portfolio theory fundamentals and managing risks in alpha strategies (55:23) Optimal stack size and active risk budgeting (58:07) Return stacking viability in various interest rate environments (1:00:18) Final thoughts and additional resources (1:00:47) Contact information and content follow-up (1:02:01) Call to action for ratings and reviews

Join Corey Hoffstein, Rodrigo Gordillo, and Mike Philbrick for a special live episode of the Get Stacked podcast, aired on August 6, 2024. This episode dives deep into recent significant market events, discussing the Nikkei's historic 12.5% drop, the yen's trend reversals, and market volatility. AGENDA: - Global Macro Update - Broad expectations of Return Stacking during abrupt market selloffs - Brief discussion on how different stacks are responding in this environment - Q&A from the Audience (0:00) Introduction to crisis alpha and trend following (1:22) Podcast introduction, disclaimers, and live Q&A invitation (4:28) Market events, macro thesis, and volatility in return stacking (13:46) Defense leveraging and correlation nuances in portfolio management (24:01) Comprehensive discussion on trend following strategies (28:32) Historical perspective and recent market trends (33:17) Equity roles and crisis alpha in diversified trend mandates (42:30) Exploring futures yield and managed futures carry strategies (46:49) In-depth analysis of carry factor across asset classes (51:13) Portfolio positioning with diversification and correlation strategies (57:30) Case studies of trend and carry under various market conditions (1:00:08) Strategies for optimal return stacking allocation (1:03:49) Risk tolerance assessment for return stacking (1:05:35) Review of historical trend index returns and correlations (1:06:24) Housekeeping and closing remarks