Key stats
About Unlimited HFGM Global Macro ETF
Home page
Inception date
Apr 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
Unlimited Funds, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US8863643636
HFGM aims to create a portfolio with similar characteristics but larger notional exposure to the hedge fund industrys Global Macro sector that profits from global economic shifts. The fund seeks to outperform the industry by targeting twice its volatility. The initial universe comprises of broad-based, passively managed ETFs across diverse asset classes. To reach the 2x volatility target, HFGM takes long and short positions in 10-30 ETFs and futures contracts. A proprietary algorithm identifies optimal positions by analyzing historical return and volatility patterns of the Global Macro 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.
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
ETF
Mutual fund
Cash
Bonds, Cash & Other100.00%
ETF58.79%
Mutual fund29.86%
Cash11.35%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HFGM assets under management is 57.09 M USD. It's risen 80.41% over the last month.
HFGM fund flows account for 51.33 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, HFGM doesn't pay dividends to its holders.
HFGM shares are issued by Unlimited Funds, Inc. under the brand Unlimited. The ETF was launched on Apr 14, 2025, and its management style is Active.
HFGM expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
HFGM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HFGM invests in funds.
HFGM trades at a premium (0.38%) meaning the ETF is trading at a higher price than the calculated NAV.