CPD — The Snowball ETF

CPD Fund Overview

CPD — The Snowball ETF is a US ETF managed by RBB Fund Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: RBB Fund Trust
• Category: Money Market
• Ticker: CPD
• SEC CIK: 0001618627
• SEC series ID: S000101883
• Share class ID: C000272240

CPD Investment Objective and Strategy

The Snowball ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by RBB Fund Trust.

Investment objective

The investment objective of The Snowball ETF (the Fund) is long-term capital growth.

Principal investment strategy

"The Fund is an actively managed exchange-traded fund (ETF) whose investment objective is long-term capital growth. The Fund seeks to achieve its investment objective by investing in equity securities (e.g. common and preferred stock). The Fund primarily invests in securities of U.S. issuers and may invest in securities of issuers of foreign developed markets through investments in American Depositary Receipts (ADRs). The Funds investment strategy is to generally invest in equity securities of companies that exhibit strong capital appreciation potential. Snowball Advisors, LLC (Snowball or the Sub-Adviser) assembles the Funds portfolio based on applying fundamental analysis and valuation models to a select universe of companies in order to identify investment opportunities. The Sub-Adviser employs a qualitative analysis approach based upon the Sub-Advisers fundamental research on individual securities and asset classes.

The Sub-Advisers research focuses on identifying and modeling companies operating in established and growing industries, which may include industries supported by durable demand, favorable competitive dynamics, and long-term growth drivers. The Sub-Adviser evaluates companies that have demonstrated the ability to grow market share, exercise pricing power (i.e., the ability to sustain or increase prices without a commensurate decline in demand or unit volumes), maintain a competitive advantage (moat), generate attractive return on invested capital (ROIC), and generally exhibit strong cash flow generation. While the Sub-Adviser manages risk by generally diversifying among major market sectors, the Sub-Adviser may emphasize a particular business sector or sectors based on market opportunities.

The Sub-Adviser does not limit the Funds investments to any particular market capitalization but generally focuses on large capitalization companies. The Fund may borrow for investment purposes. The Fund may purchase instruments that involve the use of investment leverage, such as options and total return swaps, in order to enhance the Funds return or as a substitute for a position or security. Traditional exchange-traded options contracts have standardized terms, such as the type (call or put), the reference asset, the strike price and expiration date. Exchange-listed options contracts are guaranteed for settlement by the Options Clearing Corporation (""OCC""). FLEX Options are a type of exchange-listed options contract with uniquely customizable terms that allow investors to customize key terms like type, strike price and expiration date that are standardized in a typical options contract.

FLEX Options are also guaranteed for settlement by the OCC. Based on the Sub-Advisers focus on qualitative stock selection, the Fund will typically own a limited number of stocks (generally 15 to 25 companies) at any given time. The Fund is non-diversified and may invest a larger percentage of its assets in fewer issuers than diversified funds. Under normal circumstances, the Fund will be fully invested; however, the Sub-Adviser may also invest its assets in cash and cash equivalents, or money market instruments for temporary defensive purposes in response to adverse market, economic or political conditions, which may result in the Fund not achieving its investment objective. The Sub-Adviser will use various criteria in determining whether to sell an investment, which may include whether the stock price is approaching its target, deterioration in the company's competitive position, poor execution by the company's management, or identification of more attractive alternative investment ideas."

CPD Costs and Fees

CPD costs about $233 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.33%
• Gross expense ratio: 2.33%

CPD Debt Constituents

No individual debt constituents are reported in The Snowball ETF's latest SEC N-PORT filing.

CPD Prospectus and SEC Filings

Official The Snowball ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-03-24

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.