Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Strategy Shares Nasdaq 7HANDL Index ETF
$21.82−0.13 (−0.59%)
- 0.95%
- $629M
- +6.6%
- 7.17%
- 0.1M sh
- $21.90
- low $21.36high $23.00
The ETF.net HNDL Grade
C
Score 54 out of 100
- 8 of 15
Score 54 of 100 falls in the C 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.D36 out of 100Rank 10 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A75 out of 100Rank 5 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 12 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 3 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 6 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 5 of 15
Our read on HNDL
CMost income funds pick holdings and hope a yield shows up. HNDL flips it: the Nasdaq 7HANDL Index is built around a 7% annualized distribution target, paid monthly, spread across a multi-asset mix.
The Fund seeks to track, before fees and expenses, the price and yield performance of the NASDAQ 7 HANDLTM Index.
Why people hold it
- The payout is the design spec, not a byproduct: a stated 7% annualized target, delivered monthly rather than in lumpy quarterly drops.
- One ticker for a stocks-and-bonds blend, run against a published Nasdaq index instead of a manager's hunch, inside a standard 1940 Act fund.
- Trading since 2018, so the record covers real rate shocks and drawdowns, and it sits in the upper half of a crowded multi-asset allocation field.
Worth knowing
- At 0.95% a year it costs more than the typical multi-asset allocation fund, and plain index blends like AOA (0.19%) run for a fraction of it.
- The 7% figure is a payout rule, not earned income. Filings disclose distributions can include return of capital, meaning part of a payment is your own money back.
- Several asset classes under one hood, so it behaves like neither a stock fund nor a bond fund. The index methodology is the document to read.
HNDL Holdings
- Other
- 25
- 95%
- Recv Hndl Trs N7HNDLT Eq
Sectors
- Technology25.5%
- Energy16.3%
- Utilities12.9%
- Real Estate10.5%
- Financials6.9%
- Health Care6.5%
- Communication5.5%
- Consumer Discretionary5.4%
- Industrials5.3%
- Consumer Staples4.0%
- Materials1.1%
Geography
- United States100.00%
HNDL Performance
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.
HNDL$10,664
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.
| Period | HNDL |
|---|---|
| Year to date | +5.1% |
| 1 month | −0.8% |
| 3 months | −2.2% |
| 1 year | +6.6% |
| 3 years | +12.4% |
| 5 years | +4.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HNDL |
|---|---|---|
| 2026 YTD | +5.1% | |
| 2025 | +10.7% | |
| 2024 | +10.7% | |
| 2023 | +13.3% | |
| 2022 | −19.1% | |
| 2021 | +9.1% | |
| 2020 | +12.6% |
HNDL in the news
HNDL Dividends
- 7.17%
- $1.57
- $0.13 per share
- Monthly
Distribution history
HNDL Risk
- 9.9%
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.
- 0.72
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.
- −23.7%
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.
- 1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HNDL Cost
0.95%
HNDL0.95%
- The middle half of Multi-Asset Income funds
- Median 0.65%
9 of the 15 Multi-Asset Income funds charge less.
Other funds in Multi-Asset Income
- CLOTILiberty One Tactical Income ETFExpense ratio 1.04%1 year return +3.5%
- CCVYInvesco Zacks Multi-Asset Income ETFExpense ratio 1.15%1 year return +16.4%
- CFTHBFIS Faith Income ETFExpense ratio 0.65%1 year return —
- CJFLIJPMorgan Flexible Income ETFExpense ratio 0.51%1 year return +14.8%
- CDINESimplify Tax Aware Diversified Income Strategy ETFExpense ratio 0.25%1 year return —