---
ticker: "HFGM"
name: "Unlimited HFGM Global Macro ETF"
url: "https://etf.net/etf/HFGM"
grade: "C"
score: 47
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "15 of 30"
methodology: "https://etf.net/methodology"
---

# HFGM: Unlimited HFGM Global Macro ETF

Grade **C**, Score 47 of 100. Rank 15 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 13 of 30 |
| Mission | Not scored | — |
| Risk | 20 | 25 of 30 |
| Tradability | 59 | 11 of 30 |
| Holdings | Not scored | — |
| Durability | 53 | 15 of 30 |

## Top holdings

The fund holds 24 positions. These are the largest 24, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | First American Government Obligations Fund 12/01/2031 | 43.61% |
| 2 | — | iBoxx iSh $HY Fut Dec26 | 28.49% |
| 3 | — | Cash & Other | 15.40% |
| 4 | — | MSCI EmgMkt       Dec26 | 11.94% |
| 5 | — | AUDUSD Crncy Fut  Dec26 | 11.10% |
| 6 | — | WTI CRUDE FUTURE  Nov26 | 10.48% |
| 7 | — | DOLLAR INDEX      Dec26 | 10.38% |
| 8 | — | S&P500 EMINI FUT  Dec26 | 9.67% |
| 9 | — | GOLD 100 OZ FUTR  Dec26 | 8.96% |
| 10 | — | COPPER FUTURE     Dec26 | 8.54% |
| 11 | — | NIKKEI 225  (CME) Dec26 | 7.09% |
| 12 | — | MSCI EAFE         Dec26 | 4.93% |
| 13 | — | E-Mini Russ 2000  Dec26 | 4.52% |
| 14 | — | CBOE VIX FUTURE   Oct26 | 3.26% |
| 15 | — | CORN FUTURE       Dec26 | 2.96% |
| 16 | — | BP CURRENCY FUT   Dec26 | 2.01% |
| 17 | — | SOYBEAN FUTURE    Nov26 | 1.76% |
| 18 | — | SUGAR #11 (WORLD) Mar27 | 1.12% |
| 19 | VWOB | Vanguard Emerging Markets Government Bond ETF | 0.94% |
| 20 | — | LME PRI ALUM FUTR Dec26 | 0.85% |
| 21 | — | COCOA FUTURE      Dec26 | 0.70% |
| 22 | — | COFFEE 'C' FUTURE Dec26 | 0.64% |
| 23 | — | EURO STOXX 50     Dec26 | 0.41% |
| 24 | — | LME NICKEL FUTURE Dec26 | 0.31% |

Source: etf.net, https://etf.net/etf/HFGM. Please cite the page URL.