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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.6% | ▼ −0.8% | ▼ −2.1% | ▲ +5.1% | ▲ +3.7% | ▲ +31.3% | — | ▲ +31.6% |
| Peer average | — | — | — | — | — | — | — | — |
| 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 | 37.47% |
| iBoxx iSh $HY Fut Dec26 | Reported holding | 22.77% |
| MSCI EmgMkt Dec26 | Reported holding | 11.36% |
| S&P500 EMINI FUT Dec26 | Reported holding | 6.39% |
| Cash & Other | Reported holding | 4.68% |
| VTVVanguard Morningstar Value ETF | Reported holding | 4.67% |
| BCOM Comdty Ind Dec26 | Reported holding | 3.52% |
| VUGVanguard Morningstar Growth ETF | Reported holding | 3.40% |
| AGZiShares Agency Bond ETF | Reported holding | 3.27% |
| MSCI EAFE Dec26 | Reported holding | 3.23% |
| EMHYiShares J.P. Morgan EM High Yield Bond ETF | Reported holding | 3.11% |
| CBOE VIX FUTURE Nov26 | future | 2.84% |
| ICVTiShares Convertible Bond ETF | Reported holding | 2.61% |
| VOVanguard Morningstar Mid-Cap ETF | Reported holding | 2.51% |
| XLIState Street Industrial Select Sector SPDR ETF | Reported holding | 2.26% |
| EURO STOXX 50 Dec26 | Reported holding | 2.14% |
| XLKState Street Technology Select Sector SPDR ETF | Reported holding | 2.13% |
| LQDiShares iBoxx USD Investment Grade Corporate Bond ETF | Reported holding | 2.02% |
| NIKKEI 225 (CME) Dec26 | Reported holding | 2.01% |
| VFMOVanguard US Momentum Factor ETF | Reported holding | 1.98% |
| XLBState Street Materials Select Sector SPDR ETF | Reported holding | 1.91% |
| AUDUSD Crncy Fut Dec26 | Reported holding | 1.30% |
| E-Mini Russ 2000 Dec26 | Reported holding | 1.18% |
| XRTState Street SPDR S&P Retail ETF | Reported holding | 1.13% |
| DOLLAR INDEX Dec26 | Reported holding | 0.63% |
| XLFState Street Financial Select Sector SPDR ETF | Reported holding | 0.61% |
| XBIState Street SPDR S&P Biotech ETF | Reported holding | 0.48% |
| XLEState Street Energy Select Sector SPDR ETF | Reported holding | 0.47% |
| XLYState Street Consumer Discretionary Select Sector SPDR ETF | Reported holding | 0.28% |
| XLUState Street Utilities Select Sector SPDR ETF | Reported holding | 0.19% |
This fund typically constructs its portfolio using 30 to 50 underlying exchange-traded funds (ETFs) and futures contracts, employing both long and short investment stances. It retains the option to utilize swap agreements as part of its strategy. A key characteristic is its explicit exclusion of direct investments in hedge funds. To finely tune its risk and return dynamics, the fund will also strategically short the securities of the underlying ETFs. Investors should be aware that this fund is designated as non-diversified.
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 | $1.15 |
| 2024-12-24 | 2024-12-27 | $0.80 |
| 2023-12-27 | 2023-12-29 | $0.29 |
| 2022-12-22 | 2022-12-27 | $0.09 |
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 HFND.