HECA – Hedgeye Capital Allocation 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 allocating its assets in investments that provide exposure across various asset classes (including equities,bonds and other debt instruments, commodities, and currencies), with a focus on maximizing returns over rolling 12-month horizons while seeking to avoid drawdowns or peak-to-trough declines in the fund’s net asset value exceeding 15%. 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
HECA	Hedgeye Capital Allocation ETF	ETF	Open	—	—	Jun 30, 2025	$243.15M	0.810%	—	—	$253.15M

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