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Launched · SEC filings

Unlimited HFMF Managed Futures ETF

HFMFNYSED

$22.59−0.02 (−0.09%)

As of Oct 13, 2026, 3:59 PM

D31/ 100

Rank 12 of 16 in Managed Futures

D31/100Rank 12 of 16inManaged Futures
Intraday session: down, 12 prints from 22.61 to 22.59. Range 22.46 to 22.61. Use the arrow keys to read each point.22.4822.5022.5222.5510 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$27M
1Y total return
+14.3%
Yield · Last 12 months
Data unavailable
Holdings
9
Avg volume · 30D
0M sh
NAV per share
$22.47
52W range
low $20.20high $24.92
Launched
Filings
SEC EDGAR

The ETF.net HFMF Grade

Based on 4 of 6 pillars

D

Score 31 out of 100

Category
Managed Futures⁠
Rank
12 of 16
Six-pillar profile for HFMF. Scores out of 100: Cost 27, Risk 15, Mission not scored, Tradability 56, Holdings not scored, Durability 37. Strongest: Tradability (56). Weakest: Risk (15). Based on 4 of 6 pillars.

Score 31 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.
    D27 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.
    F15 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.
    B56 out of 100
    Rank 6 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.
    D37 out of 100
    Rank 11 of 16

Our read on HFMF

ETF.net Research

DManaged futures, replicated. HFMF aims at the return profile of the managed futures hedge fund sector as a whole, going long and short broad ETFs and futures across global markets, at the category's median fee.

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

  1. 01Targets the managed futures corner of the hedge fund industry, with at least 80% of assets in long and short positions across broad-based ETFs and futures contracts.
  2. 02The 0.95% expense ratio sits right at the median for managed futures ETFs, a category where nothing comes cheap.
  3. 03Global and multi-asset by design: long and short exposure assembled from exchange-listed futures and ETFs, all inside a standard 1940 Act fund.

Worth knowing

  1. 01Cheaper options sit in the same peer group: DBMF charges 0.85% and CTA 0.75%, and those longer-established names currently lead this small category.
  2. 02Launched in October 2024, so there is only a brief live record, and any read on its risk profile rests on that short history.
  3. 03Assets are modest and trading is light, which can mean wider bid-ask spreads than the category's most heavily traded funds.

HFMF Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
9
Top-10 weight
226%
Largest holding
First American Government Obligations Fund 12/01/2031146.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/2031146.19%24,243,959$24M529
002—WTI CRUDE FUTURE Nov2627.69%50$5M4
003—COPPER FUTURE Dec2619.17%19$3M5
004—Cash & Other16.40%2,720,509$3M672
005—CORN FUTURE Dec266.65%46$1M5
006—CBOE VIX FUTURE Oct263.92%38$651K6
007—SOYBEAN FUTURE Nov263.51%9$581K4
008—SUGAR #11 (WORLD) Mar271.78%13$295K4
009—AUDUSD Crncy Fut Dec260.42%1$70K5

Showing 1–9 of 9 holdings

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$11,428
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. HFMF $11,428. SPY $12,044. Use the arrow keys to read each point.$9,508$11,139$12,771Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+8.9%
1 month+2.6%
3 months+4.9%
1 year+14.3%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+8.9%
2025+6.3%

History from Jul 15, 2025

HFMF in the news

Filtered to HFMF · Managed Futures

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

HFMF Risk

How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 14 months to Sep 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.
0.78
vs 3-month T-bills · 14 months to Sep 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%
14 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.

HFMF Cost

Expense ratio0.95%
  • The middle half of Managed Futures funds
  • Median 0.82%

10 of the 15 Managed Futures funds charge less.

HFMF costs $95.00 a year on $10,000. The median Managed Futures fund costs $82.00.

Other funds in Managed Futures

See others