At a glance
PSTR charges 1.06% a year, above the 0.86% average of the 7 funds most like it (the most expensive of 8). It has $67.3M in assets, the 8th largest of that group; it paid 4.9% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +14.1% with distributions reinvested (S&P 500: +11.5%), the best of those 8 funds. Its ten largest positions make up 56.4% of the fund, out of 94 in all.
The short version
Peakshares Sector Rotation ETF (PSTR) is an actively managed fund that moves money among the 11 S&P 500 sectors. It invests mostly through other ETFs, such as the Select Sector SPDR funds, and sells covered calls, which are contracts that trade away some upside for cash up front. Its trailing yield was 4.9% as of October 27, 2026, paid quarterly. However, its 1.06% expense ratio is high, and its record only goes back to April 2024.
Price history
The interactive chart needs JavaScript.
PSTR +14.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| PSTR official prospectus, to Dec 31, 2025 | — | +10.53% | — | — | — | +13.38% |
| S&P 500 Index index, same period | — | +17.88% | — | — | — | +20.58% |
| ICE Bof A 3-Month U.S. Treasury Bill Index index, same period | — | +4.21% | — | — | — | +4.62% |
| PSTR price data to Oct 27, 2026 | +12.9% | +14.1% | — | — | — | +14.9% |
- Over the year to Oct 27, 2026, PSTR returned +14.1%, 1st of 8 among similar funds.
- Its worst full calendar year was 2025 (+10.3%); its best was 2025 (+10.3%).
- The deepest fall in its price history was 14.7% (Feb 19, 2025 to Apr 8, 2025), recovered by Jul 25, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.9% | — |
| 2025 | +10.3% | +10.53% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.1500 | |
| 2025 | $1.4300 |
What's inside
As of Aug 31, 2026, the fund held 94 securities; the ten largest made up 56.41% of assets.
| Fund held | Weight | |
|---|---|---|
| SS FINANCIAL SEL | 9.90% | |
| VANGUARD INF T E | 8.27% | |
| SS TECH SEL SECT | 8.14% | |
| SS HEALTH CARE | 7.50% | |
| SS COMM SLCT ETF | 5.17% | |
| SS CONSUMER STPL | 4.90% | |
| SS INDUSTRIAL | 4.13% | |
| SS CONSUMER DISC | 3.21% | |
| MICROSOFT CORP | 2.76% | |
| SS UTILITIES SEL | 2.43% | |
| SS ENERGY SELECT | 1.94% | |
| META PLATFORMS INC | 1.89% | |
| NVIDIA CORP | 1.84% | |
| SS REAL ESTATE | 1.83% | |
| SS MATERIALS ETF | 1.81% |
By country
United States 96.2%Cayman Islands 1.21%Denmark 0.85%Curaçao 0.57%Switzerland 0.55%By asset type
Stocks 100.05%What changed recently
- Over the three months to Aug 31, 2026, investors added a net $3.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.09%, +1.77%, +3.36%.
How it works
PSTR does not track an index. Its adviser ranks the 11 sectors of the S&P 500 using top-down models of the economy, industry drivers, financial metrics and valuations. It then holds each sector above or below its S&P 500 weight. When the economy weakens, it can shift toward more defensive sectors. For individual stocks, it sets price targets and sells when a holding no longer meets its criteria. It holds 20 to 100 positions and never fewer than 11.
Most of the money sits in other ETFs, about 66% as of August 31, 2026. The largest positions were the financial Select Sector SPDR ETF (9.9%), Vanguard Information Technology ETF (8.3%), the technology Select Sector SPDR (8.1%) and the health care Select Sector SPDR (7.5%). Stocks held directly included Microsoft (2.8%), Meta Platforms (1.9%) and Nvidia (1.8%). The top 10 positions made up 56% of assets.
From time to time, the fund sells covered calls. A covered call gives a buyer the right to purchase a holding at a set price, and the fund collects a cash premium in return. The fund can write calls on 0% to 100% of a position, but it cannot sell 'naked' calls on shares it doesn't own. It gives up gains above the set price but still bears the losses. As of August 31, 2026, it held 299 option positions, including calls on utilities and industrials sector ETFs.
What it really costs
- PSTR charges 1.06% a year, versus an average of 0.86% for the similar funds below (8th of 8, cheapest first).
- Of that, 0.6% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.48% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $108 in the first year and $1,794 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| PSTR | $108 | $439 | $794 | $1,794 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
- Invests in other funds rather than directly in stocks or bonds, so its holdings are those funds.
In a retirement portfolio
Its results depend on one manager's sector calls, its cost is high, and its record is short, so it fits better as a small add-on than as a core holding.
PSTR could add an actively managed sector tilt and option-boosted income next to a core stock fund. Its trailing yield was 4.9% as of October 27, 2026, paid quarterly. Option income varies and is usually taxed as ordinary income. The fund launched in April 2024, so it has no record from the 2008, 2020 or 2022 downturns. Its deepest drop was 14.7%, from February 19 to April 8, 2025. It recovered by July 25, 2025, about 3.5 months later. Selling shares near the low would have locked in a loss. In 2025, its only full calendar year, it returned 10.53%, compared with 17.88% for the S&P 500. Under the SEC's standard $10,000 example, costs come to about $108 in the first year and $1,794 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want quarterly income from covered calls on US sector ETFs, with a trailing yield of 4.9% as of October 27, 2026.
- Investors who want a manager to tilt among the 11 S&P 500 sectors and who accept that those calls may be wrong.
- Investors who want smaller swings than the market: its one-year beta was 0.63 and its volatility was 10% as of October 27, 2026.
Look elsewhere if
- Cost-conscious investors: the 1.06% expense ratio adds up to about $1,794 over 10 years on $10,000 in the SEC's example.
- Investors who want the full market upside: it returned 10.53% in 2025, compared with 17.88% for the S&P 500, and covered calls cap gains.
- Investors who want a long track record or a large fund: it launched in April 2024 and had about $67 million in net assets as of August 31, 2026.
Close alternatives
Matched by other buffer (defined-outcome) funds, largest first.
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| PSTR this fund | 1.06% | $67.3M | +14.1% | — |
| BUFR FT Vest Laddered Buffer ETF | 0.95% | $10.49B | +11.6% | +16.8% |
| BUFD FT Vest Laddered Deep Buffer ETF | 0.95% | $2.04B | +9.5% | +13.9% |
| PJAN Innovator U.S. Equity Power Buffer ETF - Ja… | 0.79% | $1.44B | +10.5% | +14.8% |
| PDEC Innovator U.S. Equity Power Buffer ETF - De… | 0.79% | $984.1M | +11.6% | +14.9% |
| FDEC FT Vest US Equity Buffer ETF - December | 0.85% | $1.31B | +12.9% | +18.5% |
| FJAN FT Vest US Equity Buffer ETF - January | 0.85% | $1.47B | +12.3% | +17.4% |
| FFEB FT Vest U.S. Equity Buffer Fund - February | 0.85% | $1.42B | +12.9% | +18.6% |
Questions investors ask
Does PSTR pay monthly dividends?
No. PSTR pays quarterly. It paid $1.54 per share over the 12 months to October 27, 2026, a trailing yield of 4.9%. The income comes from dividends on the fund's holdings plus premiums from selling covered call options. Option income is usually taxed as ordinary income rather than as qualified dividends, so the after-tax yield in a taxable account may be lower. Payouts can also change from quarter to quarter.
What does PSTR invest in?
PSTR mostly holds sector ETFs, plus some individual US stocks. As of August 31, 2026, about 66% of assets were in other funds. The largest were the financial Select Sector SPDR ETF (9.9%), Vanguard Information Technology ETF (8.3%) and the technology Select Sector SPDR (8.1%). Direct stock holdings included Microsoft, Meta Platforms and Nvidia. The fund had 94 holdings in all, and the top 10 made up 56% of assets.
How has PSTR performed compared with the S&P 500?
It has lagged the S&P 500 so far, with smaller swings. According to the prospectus, PSTR returned 10.53% in 2025, compared with 17.88% for the S&P 500. From its April 2024 launch through December 31, 2025, it averaged 13.38% a year, compared with 20.58% for the index. Its one-year beta was 0.63 as of October 27, 2026, which means it moved less than the market. Its worst quarter was a 1.28% loss in early 2025.
Is PSTR a buffer ETF?
No. PSTR is often grouped with buffer funds such as FT Vest Laddered Buffer ETF (BUFR), but it has no defined downside buffer or set cap. Instead, it relies on sector timing and covered calls. As of October 27, 2026, BUFR charged 0.95% and returned 11.6% over one year, while PSTR charged 1.06% and returned 14.1%. Because the two strategies differ, these figures are a rough comparison rather than like-for-like.
What is PSTR's expense ratio?
PSTR's expense ratio is 1.06%, according to its prospectus filed June 25, 2026. That includes a 0.60% management fee. The average for the buffer ETFs it is often grouped with is 0.86%. In the SEC's standard example, $10,000 earning 5% a year would cost about $108 in fees after one year, $439 after three years, $794 after five years and $1,794 after 10 years.