Newfound Research LLC

Newfound Research LLC, a registered investment adviser established in August 2008, specializes in creating and managing rule-based, quantitative investment strategies. The firm primarily offers Return Stacked® brand strategies, focusing on return stacking concepts. Newfound serves as a sponsor and sub-adviser to ETFs and a mutual fund, providing model solutions and index licensing services. The firm's assets under management totaled $831,809,578 as of December 31, 2024. For Return Stacked® ETFs, Newfound charges an advisory fee of 0.04% and receives additional economic benefits as the ETF sponsor. The firm also receives fees for brand licensing agreements. Newfound does not collect performance-based fees and does not manage performance fee accounts side-by-side with other fee structures. Clients include ETFs, a mutual fund, registered investment advisers, broker-dealers, and other financial intermediaries. Newfound's investment strategies are rule-based and quantitative, focusing on return stacking concepts. The firm discloses various risks associated with its strategies, including model risk, data risk, cybersecurity risk, and market risk. Newfound has not been involved in any material legal or disciplinary events, and it has adopted a code of ethics to ensure compliance and transparency. The firm does not have discretionary trading authority for licensed model portfolios but exercises investment discretion for Return Stacked® ETFs and the Fund. Newfound also provides details on its brokerage practices, review of accounts, client referrals, custody arrangements, and voting of client securities. The firm reports no financial conditions that could impair its ability to meet contractual obligations.