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Launched · SEC filings

Investment Managers Series Trust III - Mast Hedgeindex Strategic Commodities ETF

HXCNYSE ArcaD

$25.93−0.06 (−0.25%) past 5 days

As of Oct 5, 2026, 9:46 AM

D27/ 100

Rank 21 of 23 in Broad Commodity Futures

D27/100Rank 21 of 23inBroad Commodity Futures
5D price: down, 5 points from 25.99 to 25.93. Range 25.68 to 25.99. Use the arrow keys to read each point.25.7025.7525.8025.8526.00
Market opens at 9:30 AM ET.
Expense ratio
0.69%
Fund size
$32M
1Y return
—
Yield · Last 12 months
—
Holdings
31
Avg volume · 30D
0M sh
NAV per share
$25.84
52W range
low $25.00high $26.71
Launched
Filings
SEC EDGAR

The ETF.net HXC Grade

D

Score 27 out of 100

Category
Broad Commodity Futures⁠
Rank
21 of 23
Confidence
Medium
Six-pillar profile for HXC. Scores out of 100: Cost 50, Risk 1, Mission not scored, Tradability 18, Holdings not scored, Durability 1. Strongest: Cost (50). Weakest: Durability (1). Based on 4 of 6 pillars.

Score 27 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.
    C50 out of 100
    Rank 12 of 23

  • 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.
    F1 out of 100
    Rank 23 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 21 of 23

  • 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.
    F1 out of 100
    Rank 23 of 23

Graded as of · Based on 4 of 6 pillars

How we grade⁠

HXC Holdings

As of Oct 5, 2026
Asset class
Stocks
Holdings
31
Top-10 weight
86%
Largest holding
F/C Brent Crude Futr DEC2616.1%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—F/C Brent Crude Futr DEC2616.15%50$01
002—F/C Low Su Gasoil G OCT2614.97%35$01
003—F/C Natural Gas Futr NOV268.63%90$02
004—F/C Kc Hrw Wheat Fut DEC268.36%72$02
005—F/C Gold 100 Oz Futr DEC266.57%5$01
006—Us T Bill Zcp 10/29/266.30%2,000,000$044
007—Us T Bill Zcp 11/27/266.28%2,000,000$029
008—Us T Bill Zcp 12/24/266.26%2,000,000$039
009—Us T Bill Zcp 01/21/276.24%2,000,000$018
010—Us T Bill Zcp 02/18/276.22%2,000,000$066
011—Us T Bill Zcp 03/18/276.20%2,000,000$034
012—Us T Bill Zcp 04/15/276.18%2,000,000$012
013—Us T Bill Zcp 05/13/276.16%2,000,000$013
014—Us T Bill Zcp 06/10/276.14%2,000,000$032
015—Us T Bill Zcp 07/08/276.12%2,000,000$063

Showing 1–15 of 31 holdings

HXC Performance

Launched Aug 21, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
HXC$9,992
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,085
Sep 4, 2026 to Oct 5, 2026. HXC $9,992. SPY $10,085. Use the arrow keys to read each point.$9,750$10,044$10,337Sep 4Sep 18Oct 5

Sep 4, 2026 – Oct 5, 2026

Returns run to the Oct 5, 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 HXC. Periods over one year show the average yearly return.
PeriodHXC
Year to dateFund launched this year—
1 month−0.1%
3 monthsFund is under 3 months old—
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 HXC
YearReturn barHXC
2026 YTD+3.6%

Since listing, Aug 21, 2026

HXC in the news

Filtered to HXC · Broad Commodity Futures

HXC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 5, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Aug 2026. No distributions yet.

HXC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
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.

Return above 3-month US Treasury bills per unit of volatility.
—
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.

The largest fall from a peak to the low that followed.
—
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.

How strongly the fund’s returns move with its asset-class index.
0.38
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.

HXC Cost

Expense ratio0.69%
  • The middle half of Broad Commodity Futures funds
  • Median 0.70%

10 of the 22 Broad Commodity Futures funds charge less.

HXC costs $69.00 a year on $10,000. The median Broad Commodity Futures fund costs $70.50.