SUPRX — Superfund Managed Futures Strategy Fund
Data updated: 2024-03-01
SUPRX — Superfund Managed Futures Strategy Fund. Commodity · $4.74M AUM · 0.00% expense ratio. Holdings, fees, performance and SEC filings.
SUPRX Fund Overview
SUPRX — Superfund Managed Futures Strategy Fund is a US mutual fund managed by Two Roads Shared Trust, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Two Roads Shared Trust
- Category: Commodity
- Assets under management: $4.74M
- 1-year return: -9.4%
- Ticker: SUPRX
- SEC CIK: 0001552947
- SEC series ID: S000040923
- Share class ID: C000126910
SUPRX Investment Objective and Strategy
Superfund Managed Futures Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
Investment objective
The Superfund Managed Futures Strategy Fund (the Fund) seeks positive absolute returns.
Principal investment strategy
To pursue its investment objective, the Fund uses a managed futures strategy and principally invests in U.S. and international, including emerging market, commodity and financial futures and foreign currency markets. The Fund seeks investment opportunities across many market sectors, including: currencies, interest rates, bonds, stock indices, metals, energy, grains and agricultural sectors. The Fund will typically have exposure to long and short positions across all four major asset classes (commodities, currencies, fixed income and equities), but at any one time the Fund may emphasize certain asset classes or certain exposures within an asset class. The Fund may enter into hedging transactions to seek to manage portfolio risk. The Fund will also invest in fixed income securities to seek income, as margin or collateral for other Fund investments, and for liquidity purposes.
To implement its strategy, the Fund uses fully automated, proprietary, computerized trading systems that examine a broad array of investments around the world and seek to identify market patterns that offer attractive investment opportunities. Superfund Advisors Inc.s (Superfund or the Adviser) trading strategy analyzes data from more than 120 different futures and forward markets worldwide on an ongoing basis and also analyzes risks related to position size, market correlation, and market volatility of potential investments. The Adviser seeks to identify investments through a four-point philosophy that takes into account (1) market diversification, (2) technical analysis, (3) trading models incorporating trend following, pattern recognition, volatility, momentum and counter-trend strategies and (4) money management.
The Adviser seeks to identify opportunities to capitalize on trends and market fluctuations in both the short- and long-term in the futures markets. These investment opportunities may last from days to months. The Fund will invest in a variety of derivative instruments including futures and option contracts, forward contracts, and swaps, including total return swaps. The Fund may invest in both exchange-traded derivatives and over the counter (OTC) derivatives. In addition to investing directly in derivatives and other types of investments, the Fund may also gain exposure to futures markets through investments in the Superfund Managed Futures Strategy (Cayman) Fund Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the Subsidiary). The Fund intends to make investments through the Subsidiary and may invest up to 25% of its total assets in the Subsidiary.
To the extent the Fund invests in commodity-linked derivatives, it will do so primarily through the Subsidiary. Generally, the Subsidiary will invest primarily in commodity futures, either directly or by entering into total return swap agreements tied to commodity futures, but it may also invest in financial futures, options, other swap contracts, fixed income securities, pooled investment vehicles, including those that are not registered pursuant to the Investment Company Act of 1940, as amended (the 1940 Act), and other investments intended to serve as margin or collateral for the Subsidiarys derivative positions. Although the Fund normally does not engage in any direct borrowing, leverage is inherent in the derivatives it trades. Leverage magnifies exposure to the swings in prices of the reference asset underlying a derivative and results in increased volatility, which means the Fund will generally have the potential for greater gains, as well as the potential for greater losses, than a fund that does not use derivatives.
The fixed-income securities in which the Fund invests may have any maturity and may include, corporate bonds and other corporate debt securities, asset-backed securities, securities issued by the U.S. government or its agencies and instrumentalities, securities issued by non-U.S. governments or their agencies and instrumentalities, money market securities and other interest-bearing instruments or any derivative instrument meant to track the return of any such instrument, and cash. The Fund may also invest in money market funds or other investment companies (such as exchange traded funds) whose assets are comprised primarily of fixed income securities or that seek to track the composition and/or performance of specific fixed income indexes. The Adviser generally expects that the Funds performance will have a low correlation to the performance of the general global equity, fixed income, currency and commodity markets; however, the Funds performance may correlate to the performance of any one or more of those markets over short-term periods.
The Fund may engage in active and frequent trading.
SUPRX Performance
Total returns for SUPRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.4% |
| 3 years (annualised) | -4.2% |
SUPRX Risk Information
Risk metrics for SUPRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.7%
SUPRX Costs and Fees
SUPRX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 3.24%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SUPRX Cashflows
Over the 12 months to 2024-01, Superfund Managed Futures Strategy Fund had net inflows of $6.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $64.12K |
| 2023-12 | $2.10M |
| 2023-11 | $997.10K |
| 2023-10 | $165.28K |
| 2023-09 | $401.49K |
| 2023-08 | $10.66K |
SUPRX Debt Constituents
No individual debt constituents are reported in Superfund Managed Futures Strategy Fund's latest SEC N-PORT filing.
SUPRX Prospectus and SEC Filings
Official Superfund Managed Futures Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Portfolio holdings (N-PORT) — filed 2024-03-01
- Portfolio holdings (N-PORT) — filed 2023-12-13
- Portfolio holdings (N-PORT) — filed 2023-09-05
- Annual census (N-CEN) — filed 2024-01-16
- Annual census (N-CEN) — filed 2023-01-17
Related Funds
Other Commodity funds tracked on ABC INVEST:
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.