HBR – Canary HBAR ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of HBAR, as measured by the Pricing Benchmark, adjusted for the Trust’s expenses and other liabilities. In seeking to achieve the investment objective, the Trust will hold the fund and will value its net assets and the Shares daily based on the Pricing Benchmark. HBAR will be the only digital asset held by the Trust. The Pricing Benchmark is a U.S. dollar-denominated composite reference rate for the price of the fund.

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
HBR	Canary HBAR ETF	ETF	Open	—	—	Oct 27, 2025	$68.32M	0.950%	—	—	—

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