Launched Aug 21, 2026 · SEC filings

Mast HedgeIndex Corporate Arbitrage ETF

HXANYSE Arca

$25.18+0.46 (+1.88%) past 5 days

As of Nov 2, 2026, 10:00 AM ET

Not yet graded

Expense ratio: 0.99%
Fund size: $51M
1Y total return: No data
Yield · Last 12 months: No data
Holdings: 18
Avg volume · 30D: 167K sh
52W range: low $24.71high $25.17
Launched: Aug 21, 2026
Filings: SEC EDGAR

The ETF.net HXA Grade

—

Not yet graded

The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.

HXA Holdings

As of Oct 7, 2026

Asset class: Stocks
Holdings: 18
Top-10 weight: 758%
Largest holding: SPHQ148.4%

Geography

United States90.40%
Cayman Islands5.97%
Israel1.79%
United Kingdom0.62%
Canada0.47%

Ireland0.25%
Switzerland0.13%
Netherlands0.13%
Other countries (2)0.24%

The fund’s holdings, weight-ordered — page 1 of 2.
#	Ticker	Company	Weight %	Shares	Market value	Held by ETFs
1	SPHQ	Invesco S&P 500 Quality Etf	148.39%	-29,005	−$2.48M	3
2	RYH	Invesco S&P 500 Equal Weight	125.15%	-7,274	−$2.09M	1
3	MTUM	Ishares Msci Usa Momentum Fa	105.82%	-5,470	−$1.77M	14
4	IWM	Ishares Russell 2000 Etf	69.60%	-4,177	−$1.16M	15
5	RSPF	Invesco S&P 500 Equal Weight	65.63%	-14,061	−$1.1M	1
6	ON	On Semiconductor	57.63%	-11,641	−$962K	326
7	FHB	First Hawaiian Inc	54.38%	-36,719	−$907K	122
8	FOXA	Fox Corp - Class A	46.45%	-12,309	−$775K	303
9	RHS	Invesco S&P 500 Equal Weight	46.13%	-4,624	−$770K	1
10	RSPD	Invesco S&P 500 Equal Weight	38.88%	-12,486	−$649K	2
11	BCO	Brink's Co/The	37.65%	-6,131	−$628K	135
12	RSPN	Invesco S&P 500 Equal Weight	26.92%	-7,699	−$449K	1
13	RTM	Invesco S&P 500 Equal Weight	25.50%	-2,713	−$426K	1
14	RSPG	Invesco S&P 500 Equal Weight	24.07%	-3,613	−$402K	1
15	RSPT	Invesco S&P 500 Equal Weight	22.77%	-5,521	−$380K	1

Showing 1–15 of 18 holdings

HXA Performance

Launched Aug 21, 2026

HXA$10,012

$10,116

Sep 4, 2026 – Oct 7, 2026

As of Oct 7, 2026

Trailing total return for HXA. Periods over one year show the average yearly return.
Period	HXA
Year to dateFund launched this year	No data
1 month	+0.1%
3 monthsFund is under 3 months old	No data
1 yearFund is under 1 year old	No data
3 yearsFund is under 3 years old	per yearNo data
5 yearsFund is under 5 years old	per yearNo data
10 yearsFund is under 10 years old	per yearNo data

With distributions reinvested.

Annual total returns for HXA
Year	Return bar	HXA
2026 YTD		−0.3%

Since listing, Aug 21, 2026

HXA in the news

Filtered to HXA · Merger Arbitrage

New ETFs
Mast lists HXF at 0.80% with HedgeIndex in the name and no index in the mandate
Sep 4, 2026
News
WBD rises 9.9% as Paramount is said to settle states' Warner Bros. suit
Sep 21, 2026XLC+0.36%
ETF Filings
First Trust converts RFDI and RFEM into Active Factor ETFs
Sep 11, 2026RFDI

HXA Dividends

: No dataLast 12 months
Payout per share: No dataLast 12 months

Listed Aug 2026. No distributions yet.

HXA Risk

: Launched Aug 2026; fills in after 12 months; 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.
: Launched Aug 2026; fills in after 12 months; 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.
: Launched Aug 2026; fills in after 12 months; 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.
: 0.00; 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.

HXA Cost

Compare HXA and MRGR

Overpaying vs MRGR, cheapest in Merger Arbitrage

$4,043

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

HXA 0.99%
$18,525
MRGR 0.75% Cheapest
$14,482

Amount$10,000

Years30 years

Cost over time

HXA 0.99%
MRGR 0.75%
Overpaying

Year by year

Year	HXA	MRGR	Overpaying
10	$1,746	$1,336	$410
20	$6,565	$5,078	$1,487
30	$18,525	$14,482	$4,043

Other funds in Merger Arbitrage

BMRGRProShares Merger ETFExpense ratio 0.75%1 year return +4.8%
BMNANYLI Merger Arbitrage ETFExpense ratio 0.78%1 year return +3.0%
BARBAltShares Merger Arbitrage ETFExpense ratio 0.82%1 year return +3.5%
CNTRLFirst Trust Merger Arbitrage ETFExpense ratio 0.95%1 year return +9.2%

See others

Mast HedgeIndex Corporate Arbitrage ETF

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

Trailing returnsReturns run to the Oct 7, 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.

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

Mast lists HXF at 0.80% with HedgeIndex in the name and no index in the mandate

WBD rises 9.9% as Paramount is said to settle states' Warner Bros. suit

First Trust converts RFDI and RFEM into Active Factor ETFs

Cost over time

Year by year

Other funds in Merger Arbitrage