Unlimited HFGM Global Macro ETF (HFGM) Holdings

For informational purposes only. Not financial advice.

Quick Answer

Unlimited HFGM Global Macro ETF (HFGM) has a last stored price of $31.75, as of the Oct 2, 2026 trading session. It has a 0.95% expense ratio and $68M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Vanguard Emerging Mkts Govt Bd ETF (VWOB) at 26.67%.

Unlimited HFGM Global Macro ETF (HFGM) ETF — Price, Holdings & Analysis

ETF Overview

HFGM seeks to deliver returns similar to the global macro hedge fund industry but with higher volatility. Unlike traditional hedge fund replication strategies, HFGM does not invest directly in hedge funds. Instead, it uses a quantitative approach, employing a proprietary algorithm to identify optimal long and short positions in a range of ETFs and futures contracts across diverse asset classes. The fund's portfolio managers select inputs based on return factors they believe best reflect recent global macro positions. HFGM's strategy involves frequent portfolio adjustments, resulting in potentially high trading volumes. The fund may invest up to 25% of its assets in futures contracts and swap agreements through a Cayman Islands subsidiary. As of March 15, 2026, the fund's top holdings include the Vanguard Emerging Mkts Govt Bd ETF (VWOB) at 26.67% and the First American Government Obligs X (FGXXX) at 25.95% indicating a significant allocation to fixed income and emerging markets. Past performance does not guarantee future results.

Risk Metrics

HFGM's active management and use of leverage through futures contracts introduce specific risks. The fund targets twice the volatility of the global macro hedge fund industry, which can lead to amplified gains but also amplified losses. The high expense ratio of 0.95% can create a significant drag on performance, especially in periods of low returns. The fund's concentration in its top two holdings, VWOB and FGXXX, exposes it to risks specific to emerging market government bonds and short-term government obligations. With a 3-year Beta of 0.00, HFGM's volatility is not correlated to the market. Investors should carefully consider their risk tolerance before investing in HFGM. Past performance does not guarantee future results.

Beta: 0.00

Expense Ratio

0.95%

What does HFGM hold?

Holding	Weight
Vanguard Emerging Mkts Govt Bd ETF (VWOB)	26.67%
First American Government Obligs X (FGXXX)	25.95%

Holdings and weights as of Mar 15, 2026. This fund data is more than 45 days old; verify current holdings with the issuer.

Dividend Yield

0.00%

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Questions & Answers

What is HFGM and what does it track?

The Unlimited HFGM Global Macro ETF (HFGM) is an actively managed alternatives fund that seeks to replicate the return characteristics of the global macro hedge fund industry. However, it does not invest directly in hedge funds.

What is the expense ratio for HFGM?

The expense ratio for the Unlimited HFGM Global Macro ETF (HFGM) is 0.95%. This means that for every $10,000 invested in the fund, $95 is used to cover operating expenses.

The expense ratio is higher than the category average for alternative ETFs, which can impact the fund's overall returns, especially in periods of lower performance. The expense ratio may be worth researching when evaluating the fund's potential returns.

What are the top holdings in HFGM?

As of March 15, 2026, the top holdings in the Unlimited HFGM Global Macro ETF (HFGM) are: 1) Vanguard Emerging Mkts Govt Bd ETF (VWOB) at 26.67%, and 2) First American Government Obligs X (FGXXX) at 25.95%.

These two holdings constitute over half of the fund's portfolio, indicating a concentrated exposure to emerging market government bonds and short-term government obligations.

Is HFGM a good long-term investment?

Whether HFGM is a suitable long-term investment depends on an individual investor's risk tolerance, investment objectives, and time horizon. HFGM's actively managed strategy and use of leverage can lead to potentially higher returns but also increased volatility.

The fund's high expense ratio of 0.95% should also be considered.

How does HFGM compare to similar ETFs?

HFGM differentiates itself through its focus on replicating the global macro hedge fund industry with a target of twice the industry's volatility. Compared to other alternative ETFs, HFGM's expense ratio of 0.95% is relatively high.

The fund's AUM of $0.07 billion is relatively small compared to more established alternative ETFs.

Does HFGM pay dividends?

As of March 15, 2026, the Unlimited HFGM Global Macro ETF (HFGM) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. However, HFGM's primary objective is capital appreciation through its global macro strategy, rather than income generation.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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