Opportunistic Trader ETF

Frequently Asked Questions About WZRD

What does WZRD invest in?

The fund is an actively managed ETF that seeks to generate investor return by investing in a portfolio of equity securities of individual companies both directly and indirectly through investments of exchange-traded index funds (“ETFs”) and ETNs (collectively, “ETFs”). The fund manager also anticipates investing significantly in derivatives, including primarily options and futures, that provide exposure to such companies and index ETFs.

What is the expense ratio of WZRD?

Opportunistic Trader ETF (WZRD) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

How big is WZRD?

Opportunistic Trader ETF (WZRD) manages $478,555 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 WZRD actively managed or an index fund?

WZRD is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (WZRD's is 1.07%) in exchange for the discretion to over- or under-weight positions.

When was WZRD launched?

Opportunistic Trader ETF (WZRD) launched in June 2025 and is managed by Opportunistic Trader.

How has WZRD performed?

WZRD'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.