# Hedgeye Capital Allocation ETF (HECA): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/heca for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Hedgeye · Asset class: Asset allocation - Strategy: Thematic · Inception: 2025-06-30 The Hedgeye Capital Allocation ETF (HECA) employs a dynamic, multi-asset investment strategy. Its primary objective is to maximize capital appreciation over rolling 12-month periods while strictly limiting potential drawdowns to a maximum of 15%. The fund diversifies its holdings across various asset classes, including equities, fixed income instruments, commodities, and currencies. At the heart of HECA's approach is its proprietary "Quad" model. This regime-based, quantitative framework systematically analyzes the directional shifts in key macroeconomic indicators: economic growth, inflati... ## Key Facts | Metric | Value | |---|---| | Price | $26.67 | | Expense Ratio | 0.81% | | Assets Under Management | $240.3M | | NAV | $26.82 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.09% | | Annual Distribution (TTM) | $0.56 /share | | Distribution Frequency | Irregular | | 52-Week Range | $26.61 – $30.90 | | Beta | 0.10 | ## Latest Distribution - Amount: $0.5579 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### What does HECA invest in? The Hedgeye Capital Allocation ETF (HECA) employs a dynamic, multi-asset investment strategy. Its primary objective is to maximize capital appreciation over rolling 12-month periods while strictly limiting potential drawdowns to a maximum of 15%. The fund diversifies its holdings across various asset classes, including equities, fixed income instruments, commodities, and currencies. At the heart of HECA's approach is its proprietary "Quad" model. This regime-based, quantitative framework systematically analyzes the directional shifts in key macroeconomic indicators: economic growth, inflation, and monetary policy trends. Portfolio construction and asset allocation are directly informed by these macro signals, strategically aligning investments with prevailing market environments. To further refine its strategy, the fund supplements this framework with both internal analysis and external research to pinpoint nascent themes and emergent investment opportunities. While primarily gaining exposure through US-listed Exchange Traded Funds (ETFs), HECA also retains the flexibility to invest in individual equity and debt securities. An options overlay is an integral component of the strategy, utilized for hedging against downside risk, fine-tuning exposure levels, or enhancing potential returns. Importantly, the portfolio maintains full flexibility, without predetermined geographical allocation limits. ### What is the expense ratio of HECA? Hedgeye Capital Allocation ETF (HECA) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations. ### What is HECA's dividend yield? HECA's trailing-twelve-month yield is 2.09%, calculated from the sum of dividends over the past year divided by the current price. ### How big is HECA? Hedgeye Capital Allocation ETF (HECA) manages $240.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HECA actively managed or an index fund? HECA's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was HECA launched? Hedgeye Capital Allocation ETF (HECA) launched in June 2025 and is managed by Hedgeye. ### Does HECA pay a dividend? Yes, Hedgeye Capital Allocation ETF (HECA) distributes dividends to shareholders. The trailing-twelve-month yield is 2.09%. Full dividend history is on this page. ### How often does HECA pay dividends? Hedgeye Capital Allocation ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is HECA's next ex-dividend date? The most recently announced ex-dividend date for HECA was 2025-12-30. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will HECA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.81% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HECA charge its expense ratio? The expense ratio is deducted in tiny daily slices from HECA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HECA cost more than a fund like VOO? HECA's strategy (current expense ratio 0.81%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HECA sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HECA? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as HECA (0.81%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/heca - Distribution history: https://www.dividenddata.com/funds/heca/dividend - Holdings & diversification: https://www.dividenddata.com/funds/heca/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/heca/expenses - Peer comparison: https://www.dividenddata.com/funds/heca/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.