HFGM – Unlimited HFGM Global Macro ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund manager 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, while also targeting a volatility level approximately twice that of the sector. The fund’s portfolio will generally consist of long and short positions in 10-30 Underlying ETFs and futures contracts. 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
HFGM	Unlimited HFGM Global Macro ETF	ETF	Open	—	—	Apr 14, 2025	$155.68M	1.010%	—	—	$87.96M

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