ADDS – Hedgeye Index Adds ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The fund seeks to meet its objective by actively managing and investing primarily in U.S.-listed equity securities that, in the opinion of the Adviser, are under-owned by passive index funds and have a high probability of near-term inclusion in major U.S. equity indices. Under normal market conditions, it will invest at least 80% of its net assets (plus any borrowings for investment purposes) in U.S.-listed equity securities. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ADDS	Hedgeye Index Adds ETF	ETF	Open	—	—	May 27, 2026	$7.11M	0.700%	—	—	—

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