# Tidal Trust II - Return Stacked Bonds & Merger Arbitrage ETF (RSBA): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rsba for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Return Stacked · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-12-17 RSBA combines both an active and passively managed approach to investing. The fund leverages its assets to actively manage exposure to US Treasury bonds and passively track a merger arbitrage index. For every $1 invested in the fund, the fund attempts to provide $1 exposure to US Treasury securities and $1 of exposure to a merger arbitrage strategy. It is expected that the fund will get its exposure to US Treasuries through equally laddered futures contracts. The effective duration aims to track the Bloomberg US Treasury Total Return Index. The merger arbitrage strategy tracks an index that... ## Key Facts | Metric | Value | |---|---| | Price | $20.36 | | Expense Ratio | 1.01% | | Assets Under Management | $52.9M | | NAV | $20.34 | | Holdings Count | 0 | | Distribution Yield (TTM) | 3.45% | | Annual Distribution (TTM) | $0.70 /share | | Distribution Frequency | Annual | | 52-Week Range | $19.70 – $21.75 | | Beta | 0.04 | ## Latest Distribution - Amount: $0.7030 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-30 ## Frequently Asked Questions ### What does RSBA invest in? RSBA combines both an active and passively managed approach to investing. The fund leverages its assets to actively manage exposure to US Treasury bonds and passively track a merger arbitrage index. For every $1 invested in the fund, the fund attempts to provide $1 exposure to US Treasury securities and $1 of exposure to a merger arbitrage strategy. It is expected that the fund will get its exposure to US Treasuries through equally laddered futures contracts. The effective duration aims to track the Bloomberg US Treasury Total Return Index. The merger arbitrage strategy tracks an index that provides long and short stock exposure to companies in which merger or acquisition deals are announced. A maximum of twenty deals is permitted in the index at any given time. The merger arbitrage strategy rebalances on an event-driven basis. RSBA rebalances daily and make distributions, if any, on an annual basis. ### What is the expense ratio of RSBA? Tidal Trust II - Return Stacked Bonds & Merger Arbitrage ETF (RSBA) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RSBA? Tidal Trust II - Return Stacked Bonds & Merger Arbitrage ETF (RSBA) manages $52.9M 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 RSBA actively managed or an index fund? RSBA is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RSBA's is 1.01%) in exchange for the discretion to over- or under-weight positions. ### When was RSBA launched? Tidal Trust II - Return Stacked Bonds & Merger Arbitrage ETF (RSBA) launched in December 2024 and is managed by Return Stacked. ### How has RSBA performed? RSBA'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. ### Does RSBA pay a dividend? Tidal Trust II - Return Stacked Bonds & Merger Arbitrage ETF (RSBA) currently distributes little or no income. Trailing-twelve-month yield is 3.45%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RSBA pay dividends? Tidal Trust II - Return Stacked Bonds & Merger Arbitrage ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RSBA's dividend yield? RSBA's trailing-twelve-month yield is 3.45%, calculated from the sum of dividends over the past year divided by the current price. ### When is RSBA's next ex-dividend date? The most recently announced ex-dividend date for RSBA was 2025-12-29. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RSBA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.01% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RSBA charge its expense ratio? The expense ratio is deducted in tiny daily slices from RSBA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RSBA cost more than a fund like VOO? RSBA is actively managed (current expense ratio 1.01%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RSBA's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RSBA? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RSBA (1.01%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rsba - Distribution history: https://www.dividenddata.com/funds/rsba/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rsba/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rsba/expenses - Peer comparison: https://www.dividenddata.com/funds/rsba/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.