Key stats
About Unlimited HFMF Managed Futures ETF
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Inception date
Jul 14, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863643222
HFMF aims to build a portfolio with similar characteristics but larger notional exposure to the hedge fund industrys Managed Futures sector. The fund invests in listed futures and passively managed ETFs, targeting to outperform twice the industrys volatility. To reach its target, HFMF takes long and short positions in futures contracts. A proprietary algorithm identifies optimal positions by analyzing historical return and volatility patterns of the sector. Portfolio managers choose inputs based on return factors perceived to best capture recent positions. The fund makes frequent adjustments to the portfolio, resulting in significant trading volumes. The fund invests up to 25% in futures contracts and swap agreements through a wholly owned Cayman Islands subsidiary. The actively managed fund does not invest in hedge fund strategies or positions. HFMF will not invest in hedge fund strategies or positions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund93.10%
Cash6.90%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HFMF assets under management is 5.79 M USD. It's risen 177.44% over the last month.
HFMF fund flows account for 5.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, HFMF doesn't pay dividends to its holders.
HFMF shares are issued by Toroso Investments Topco LLC under the brand Unlimited. The ETF was launched on Jul 14, 2025, and its management style is Active.
HFMF expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
HFMF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HFMF invests in funds.
HFMF trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.