Event ETF · Inception 2026-11-02 · v1
Le Pen Presidency 2027 Fund
One claim decides this fund: Marine Le Pen wins the next French presidential election.
- A share now
- ≈40.0¢, the share's value marked against the live book
- If it happens
- every share pays up to $1.00 · 2.5× at today's price
- If it doesn't
- shares settle at $0. The other side pays Non-Le Pen Presidency 2027 Fund
- After it settles
- shares are worth what the holdings paid. Holdings don't change on their own, and any successor would be a new fund
Performance · total return, from the fund's NAV series
Performance history
The fund's net asset value, daily
›Methodology
Net asset value is calculated from the underlying markets' daily closing prices, weighted by the fund's portfolio, and shown as percentage change from the start of the price record. Each market enters the calculation at its first traded daily close; untraded listing placeholders are excluded. Markets added to the portfolio are funded as new capital; an addition never changes the series, and the change between any two dates equals an investor's return over that period.
Allocation
Portfolio weights by current market value
Weights are position size × last daily close, normalized. Colors match the constituents chart below.
Constituents
Daily closing prices of the 1 underlying market. Search, or select any market for details.
›Methodology
Each series is one underlying market's daily closing price, in cents; a claim settles at 100¢ if it occurs and 0¢ otherwise. Ringed markers indicate the date a market was added to the portfolio; each legend chip carries the market's share of the portfolio at cost.
Liquidity
Capacity and structure of the underlying markets
Fund economics
How fees, the cash buffer, and redemption work
Cash buffer. The buffer covers short-term redemptions and sits in low-risk instruments for a passive base yield, currently around 3.7% via the Sky Savings Rate.
Execution. Fees are paid to Polymarket, the current settlement provider. The fund's tooling targets maker rebates: it makes the market where possible and pays lower fees. Those rebates flow back into the ETF, which lowers trading costs for holders.
Collateral. The fund share is a standard ERC-20, usable as collateral on venues like Morpho, Aave, or Uniswap. Redemption is at the published unit price, subject to the fund's underlying value.
Holdings
Schedule of investments · daily closes 2025-11-14 → 2026-11-03. Select a holding for details
| Market | Units | At build | Last | Δ | Liquidity | Ends | Daily |
|---|---|---|---|---|---|---|---|
 Will Marine Le Pen win the 2027 French presidential election?Yes | 1.00 | 40¢ | 40¢ | 0% | $489,543 | 2027-04-19 |