Militia Long/Short Equity ETF

Frequently Asked Questions About ORR

What does ORR invest in?

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.

What is the expense ratio of ORR?

Militia Long/Short Equity ETF (ORR) charges an expense ratio of 14.19%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ORR?

Militia Long/Short Equity ETF (ORR) manages $138.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ORR actively managed or an index fund?

ORR is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ORR's is 14.19%) in exchange for the discretion to over- or under-weight positions.

When was ORR launched?

Militia Long/Short Equity ETF (ORR) launched in July 2007 and is managed by Militia.

How has ORR performed?

ORR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.