RSBA ETF — Return Stacked Bonds & Merger Arbitrage ETF

Return Stacked Bonds & Merger Arbitrage ETF (RSBA)

Updated October 16, 2026.

RSBA is an ETF. its trailing-12-month yield is 3.50%, its expense ratio is 1.01%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 3.7% over the past 1.8 years, 29.5 points behind SPY at 33.2%.

Return Stacked Bonds & Merger Arbitrage ETF is an actively and passively managed fund that combines two complementary strategies: an actively managed bond strategy and a passively managed merger arbitrage strategy, with at least 80% of net assets typically allocated across both approaches. The fund distributes annually at a modest current rate, with an expense ratio of 1.01%; note that the latest distribution was special and may not recur on a regular basis. This ETF may appeal to income-focused investors seeking exposure to both fixed-income and event-driven arbitrage strategies.

RSBA performance versus SPY

Price and return data through 2026-10-16.

Total return is 3.7% over the past 1.8 years, 29.5 points behind SPY at 33.2%. Over the past year its total return — price change plus distributions reinvested — is -4.1%. Its deepest 1-year drawdown was 6.2%.

RSBA key facts

Distribution Safety Score™

50 · Unproven

Issuer

Return Stacked

Asset type

ETF

Asset class

Equity

Inception date

12/17/2024

Expense ratio

1.01%

Distribution frequency

Annual

Trailing yield

3.50%

Last close

$20.08 (as of 2026-10-16)

AUM

$51,924,223

Average volume

2122.0

Dividend

$0.70285

Ex-dividend date

12/29/2025

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.50%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Return Stacked; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

RSBA risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.2%.

Who may consider RSBA — and who may not

It is a weaker fit for investors who need monthly cash flow (RSBA pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on RSBA

• All tickers starting with R

Frequently asked questions

More securities from Return Stacked.