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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −1.3% | ▼ −1.5% | ▲ +1.7% | ▲ +7.4% | ▲ +6.1% | — | — | ▲ +36.3% |
| Peer average | ▲ +0.0% | ▲ +0.4% | ▲ +0.9% | ▲ +10.9% | ▲ +12.8% | ▲ +69.6% | ▲ +56.2% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | Reported holding | 45.48% |
| S&P500 EMINI FUT Dec26 | Reported holding | 34.94% |
| iBoxx iSh $HY Fut Dec26 | Reported holding | 33.43% |
| AUDUSD Crncy Fut Dec26 | Reported holding | 21.28% |
| Cash & Other | Reported holding | 17.83% |
| MSCI EmgMkt Dec26 | Reported holding | 16.55% |
| NIKKEI 225 (CME) Dec26 | Reported holding | 15.39% |
| GOLD 100 OZ FUTR Dec26 | Reported holding | 10.40% |
| DOLLAR INDEX Dec26 | Reported holding | 9.48% |
| SOYBEAN FUTURE Jan27 | future | 8.20% |
| COPPER FUTURE Dec26 | future | 8.17% |
| WTI CRUDE FUTURE Dec26 | future | 7.47% |
| SUGAR #11 (WORLD) Mar27 | Reported holding | 7.34% |
| CORN FUTURE Dec26 | future | 5.72% |
| MSCI EAFE Dec26 | Reported holding | 5.24% |
| E-Mini Russ 2000 Dec26 | Reported holding | 5.10% |
| CBOE VIX FUTURE Nov26 | future | 3.93% |
| COCOA FUTURE Dec26 | future | 2.63% |
| VWOBVanguard Emerging Markets Government Bond ETF | Reported holding | 1.34% |
| EURO STOXX 50 Dec26 | Reported holding | 1.20% |
| LME PRI ALUM FUTR Dec26 | Reported holding | 0.95% |
| LME NICKEL FUTURE Dec26 | future | 0.35% |
| HONG KONG DOLLAR | Reported holding | -0.00% |
| COFFEE 'C' FUTURE Dec26 | future | -0.09% |
| US 10YR NOTE (CBT)Dec26 | Reported holding | -0.54% |
| HANG SENG IDX FUT Nov26 | Reported holding | -1.92% |
| LIVE CATTLE FUTR Dec26 | Reported holding | -5.32% |
| CHF CURRENCY FUT Dec26 | Reported holding | -9.01% |
| JPN YEN CURR FUT Dec26 | Reported holding | -11.15% |
| BP CURRENCY FUT Dec26 | Reported holding | -16.99% |
The HFGM ETF is an actively managed fund designed to construct a portfolio mirroring the attributes of the hedge fund industry's Global Macro sector, though with a substantially larger notional footprint. Its primary objective is to generate returns by navigating global economic shifts. To surpass industry performance, the fund deliberately targets twice the volatility. It initially builds its base from a broad range of passively managed ETFs across various asset classes. To achieve its heightened volatility target, HFGM then strategically employs both long and short positions in a focused selection of 10-30 ETFs and futures contracts. A proprietary algorithm is utilized to pinpoint optimal positions, analyzing historical return and volatility patterns within the Global Macro sector, with portfolio managers further refining inputs based on return factors that best capture recent market movements. The fund makes frequent adjustments to its portfolio, resulting in significant trading activity. Up to 25% of its investments may be in futures contracts and swap agreements, facilitated through a wholly owned Cayman Islands subsidiary. It is important to note that this fund does not directly invest in hedge fund strategies or specific hedge fund positions.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2025-12-24 | 2025-12-26 | $3.24 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind HFGM.