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Launched · SEC filings

Unlimited HFMF Managed Futures ETF

HFMFNYSEUnlimitedD

$22.15−0.40 (−1.77%)

As of Nov 2, 2026, 3:59 PM ET

D28/ 100

Rank 12 of 16 in Managed Futures

D28/100Rank 12 of 16inManaged Futures
Intraday session: down, 73 prints from 22.55 to 22.15. Range 22.15 to 22.54. Use the arrow keys to read each point.22.2022.3022.4022.5010 AM12 PM2 PM4 PM
Expense ratio
0.97%
Fund size
$24M
1Y total return
+9.3%
Yield · Last 12 months
No data
Holdings
12
Avg volume · 30D
11.6K sh
52W range
low $20.20high $24.92
Launched
Filings
SEC EDGAR

The ETF.net HFMF Grade

Based on 4 of 6 pillars

D

Score 28 out of 100

Category
Managed Futures⁠
Rank
12 of 16
Six-pillar profile for HFMF. Scores out of 100: Cost 20, Risk 19, Mission not scored, Tradability 54, Holdings not scored, Durability 35. Strongest: Tradability (54). Weakest: Risk (19). Based on 4 of 6 pillars.

Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 12 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F19 out of 100
    Rank 14 of 15

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 7 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 11 of 16

Our read on HFMF

ETF.net Research

In short

DPeers build their own trend models. HFMF reverse-engineers the crowd instead: machine learning reads the managed futures hedge fund sector's returns and rebuilds them with futures and broad ETFs, at roughly twice the sector's volatility.

Stated mandate

The Fund seeks capital appreciation. It seeks managed-futures-like return characteristics through long and short positions in broad-based ETFs and futures contracts, with at least 80% of assets allocated to that strategy.

Why people hold it

  • No in-house trend model. Machine learning reads the managed futures sector's recent returns, then rebuilds similar exposure long and short through futures and broad-based ETFs.saytechnologies.com
  • The volatility dial is the point: the prospectus targets a level roughly twice the sector's, a deliberately hotter version of the same return profile.saytechnologies.com
  • Hedge fund exposure in 1940 Act clothing: an ETF you can trade intraday, with at least 80% of assets in the futures and broad-based ETFs chosen to echo the sector.nasdaqtrader.com

Worth knowing

  • It runs 0.97% with no waiver, above the category median. JPFP charges 0.59% and IMF 0.65% net of a waiver through August 31, 2027, and both run their own trend models.
  • Launched July 2025, so the record is short and it trades lighter than the category's established names, which can mean wider spreads.
  • Twice the sector's volatility cuts both ways: losses scale with the target too, and the fund is non-diversified.saytechnologies.comnasdaqtrader.com

HFMF Performance

Launched Jul 14, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
HFMF$10,934
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HFMF $10,934. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HFMF. Periods over one year show the average yearly return.
PeriodHFMF
Year to date+8.5%
1 month+0.5%
3 months+5.0%
1 year+9.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HFMF
YearReturn barHFMF
2026 YTD+8.5%
2025+6.3%

History from Jul 15, 2025

HFMF in the news

HFMF Dividends

Last payment
$0.62 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $0.62. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.62

$10,000 in HFMF 1 year ago paid $291 in dividends.

HFMF Risk

Risk pillarF19 out of 100Rank 14 of 15 in Managed Futures
How much the fund’s monthly returns vary, scaled to a year.
11.3%
Annualised · 15 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.76
vs 3-month T-bills · 15 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.2%
15 months · trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HFMF Cost

Compare HFMF and JPFP

Overpaying vs JPFP, cheapest in Managed Futures

$6,563

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HFMF 0.97%

    $18,198

  • JPFP 0.59% Cheapest

    $11,635

$10,000
30 years

Cost over time

  • HFMF 0.97%
  • JPFP 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HFMF $18,198JPFP $11,635

Year by year

YearHFMFJPFPOverpaying
10$1,712$1,058$654
20$6,443$4,051$2,392
30$18,198$11,635$6,563

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