Key stats
About Militia Long/Short Equity ETF
Home page
Inception date
Jan 15, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Quasar Distributors LLC
ORR is an actively managed ETF aiming for capital appreciation through both long and short equity positions. The long portfolio targets undervalued or growth potential equities, with a focus on developed markets. Long positions may exceed 100% of net assets, capped typically at 150%. Short positions focus on U.S.-listed companies and ETFs expected to decline, influenced by declining future cash flow projections. ORR can have short exposure up to 100% and may include inverse or leveraged ETFs. The fund actively trades positions, resulting in high annual portfolio turnover. The portfolio may also short foreign currencies through currency forward contracts to manage risk.
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
Transportation
Industrial Services
Cash
Stocks135.75%
Transportation11.65%
Industrial Services11.49%
Finance9.86%
Electronic Technology6.55%
Retail Trade6.45%
Utilities5.04%
Consumer Non-Durables4.61%
Producer Manufacturing4.25%
Distribution Services3.87%
Energy Minerals3.30%
Non-Energy Minerals2.79%
Commercial Services2.75%
Consumer Durables2.73%
Process Industries2.56%
Communications2.15%
Health Technology1.42%
Technology Services0.86%
Consumer Services0.39%
Bonds, Cash & Other−35.75%
Cash27.62%
Mutual fund0.75%
Miscellaneous−64.12%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ORR assets under management is 98.72 M USD. It's risen 15.04% over the last month.
ORR fund flows account for 89.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ORR doesn't pay dividends to its holders.
ORR shares are issued by Empirical Finance LLC under the brand Militia. The ETF was launched on Jan 15, 2025, and its management style is Active.
ORR expense ratio is 18.48% meaning you'd have to pay 18.48% of your investment to help manage the fund.
ORR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ORR invests in stocks.
ORR trades at a premium (0.52%) meaning the ETF is trading at a higher price than the calculated NAV.