---
ticker: "HFND"
name: "Unlimited HFND Multi-Strategy Return Tracker ETF"
url: "https://etf.net/etf/HFND"
grade: "C"
score: 48
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "14 of 30"
methodology: "https://etf.net/methodology"
---

# HFND: Unlimited HFND Multi-Strategy Return Tracker ETF

Grade **C**, Score 48 of 100. Rank 14 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 45 | 17 of 30 |
| Mission | Not scored | — |
| Risk | 55 | 16 of 30 |
| Tradability | 50 | 18 of 30 |
| Holdings | Not scored | — |
| Durability | 49 | 22 of 30 |

## Top holdings

The fund holds 37 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | First American Government Obligations Fund 12/01/2031 | 32.03% |
| 2 | — | iBoxx iSh $HY Fut Dec26 | 23.77% |
| 3 | — | MSCI EmgMkt       Dec26 | 10.91% |
| 4 | — | Cash & Other | 7.98% |
| 5 | VTV | Vanguard Morningstar Value ETF | 4.73% |
| 6 | — | S&P500 EMINI FUT  Dec26 | 4.50% |
| 7 | — | MSCI EAFE         Dec26 | 3.27% |
| 8 | VUG | Vanguard Morningstar Growth ETF | 3.18% |
| 9 | EMHY | iShares J.P. Morgan EM High Yield Bond ETF | 3.09% |
| 10 | AGZ | iShares Agency Bond ETF | 3.01% |
| 11 | — | CBOE VIX FUTURE   Oct26 | 2.97% |
| 12 | VO | Vanguard Morningstar Mid-Cap ETF | 2.76% |
| 13 | ICVT | iShares Convertible Bond ETF | 2.64% |
| 14 | — | BCOM Comdty Ind   Dec26 | 2.63% |
| 15 | — | EURO STOXX 50     Dec26 | 2.12% |
| 16 | XLI | State Street Industrial Select Sector SPDR ETF | 2.08% |
| 17 | XLB | State Street Materials Select Sector SPDR ETF | 2.02% |
| 18 | — | NIKKEI 225  (CME) Dec26 | 1.98% |
| 19 | XLK | State Street Technology Select Sector SPDR ETF | 1.89% |
| 20 | VFMO | Vanguard US Momentum Factor ETF | 1.69% |
| 21 | LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1.69% |
| 22 | — | E-Mini Russ 2000  Dec26 | 1.35% |
| 23 | XRT | State Street SPDR S&P Retail ETF | 1.15% |
| 24 | — | GOLD 100 OZ FUTR  Dec26 | 0.80% |
| 25 | — | BP CURRENCY FUT   Dec26 | 0.79% |
| 26 | — | DOLLAR INDEX      Dec26 | 0.78% |
| 27 | XLF | State Street Financial Select Sector SPDR ETF | 0.63% |
| 28 | — | AUDUSD Crncy Fut  Dec26 | 0.53% |
| 29 | XBI | State Street SPDR S&P Biotech ETF | 0.47% |
| 30 | XLE | State Street Energy Select Sector SPDR ETF | 0.46% |

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