The Power of Alternative ETFs

Higher Returns
Seeks higher returns through increased volatility at lower fees

Lower Fees
HFGM 1.00% management fee is a fraction of the average fee charged by private 2&20 funds

Diversification
Gain exposure to the hedge fund industry and limit manager concentration risk

No Paperwork
Simplify your life and skip the paperwork and the K-1s
Fund Overview
The Fund seeks to create an investment portfolio with similar return characteristics to the gross of fees returns of the hedge fund industry’s Global Macro sector (see the section in the Fund’s Prospectus titled “Additional Information about the Funds”), while also targeting a volatility level approximately twice that of the sector. By incorporating higher volatility, the Fund’s sub-adviser, Unlimited Funds, Inc. (“Unlimited” or the “Sub-Adviser”), believes that the Fund’s net of fees returns may outperform those of the hedge fund industry Global Macro sector. Additionally, the Fund may benefit from its comparatively lower operating expenses versus the relatively high fees and expenses charged by hedge funds.
The Sub-Adviser determines the recent daily and monthly gross of fees returns and volatility metrics of the hedge fund industry’s Global Macro sector by reviewing publicly reported returns and fee information for the sector. The Sub-Adviser determines an investment portfolio of long and short positions in Underlying ETFs and futures contracts which best match the Global Macro sector’s most recent gross of fees returns, while approximately doubling its volatility, by using a proprietary algorithm.
The Fund is not a hedge fund, nor will it invest in hedge fund strategies or positions. For the avoidance of doubt:
- The Fund will not invest in hedge funds.
- The Fund will not seek to replicate the direct underlying holdings of hedge funds.
- The Fund will not engage in certain types of investment activities that are permissible for hedge funds. For example, hedge funds may use more leverage than the Fund, and hedge funds may invest a greater percentage of their assets in illiquid investments as compared to the Fund