# Unlimited HFGM Global Macro ETF (HFGM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hfgm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Unlimited · Asset class: Alternatives - Strategy: Actively Managed · Inception: 2025-04-14 The HFGM ETF is an actively managed fund designed to construct a portfolio mirroring the attributes of the hedge fund industry's Global Macro sector, though with a substantially larger notional footprint. Its primary objective is to generate returns by navigating global economic shifts. To surpass industry performance, the fund deliberately targets twice the volatility. It initially builds its base from a broad range of passively managed ETFs across various asset classes. To achieve its heightened volatility target, HFGM then strategically employs both long and short positions in a focused... ## Key Facts | Metric | Value | |---|---| | Price | $30.97 | | Expense Ratio | 1.01% | | Assets Under Management | $150.2M | | NAV | $30.46 | | Holdings Count | 0 | | Distribution Yield (TTM) | 10.46% | | Annual Distribution (TTM) | $3.24 /share | | Distribution Frequency | Irregular | | 52-Week Range | $28.79 – $37.06 | | Beta | 0.66 | ## Latest Distribution - Amount: $3.2399 /share - Ex-date: 2025-12-24 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does HFGM invest in? The HFGM ETF is an actively managed fund designed to construct a portfolio mirroring the attributes of the hedge fund industry's Global Macro sector, though with a substantially larger notional footprint. Its primary objective is to generate returns by navigating global economic shifts. To surpass industry performance, the fund deliberately targets twice the volatility. It initially builds its base from a broad range of passively managed ETFs across various asset classes. To achieve its heightened volatility target, HFGM then strategically employs both long and short positions in a focused selection of 10-30 ETFs and futures contracts. A proprietary algorithm is utilized to pinpoint optimal positions, analyzing historical return and volatility patterns within the Global Macro sector, with portfolio managers further refining inputs based on return factors that best capture recent market movements. The fund makes frequent adjustments to its portfolio, resulting in significant trading activity. Up to 25% of its investments may be in futures contracts and swap agreements, facilitated through a wholly owned Cayman Islands subsidiary. It is important to note that this fund does not directly invest in hedge fund strategies or specific hedge fund positions. ### What is the expense ratio of HFGM? Unlimited HFGM Global Macro ETF (HFGM) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is HFGM? Unlimited HFGM Global Macro ETF (HFGM) manages $150.2M 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 HFGM actively managed or an index fund? HFGM is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (HFGM's is 1.01%) in exchange for the discretion to over- or under-weight positions. ### When was HFGM launched? Unlimited HFGM Global Macro ETF (HFGM) launched in April 2025 and is managed by Unlimited. ### How has HFGM performed? HFGM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HFGM pay a dividend? Unlimited HFGM Global Macro ETF (HFGM) currently distributes little or no income. Trailing-twelve-month yield is 10.46%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HFGM pay dividends? Unlimited HFGM Global Macro ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HFGM's dividend yield? HFGM's trailing-twelve-month yield is 10.46%, calculated from the sum of dividends over the past year divided by the current price. ### When is HFGM's next ex-dividend date? The most recently announced ex-dividend date for HFGM was 2025-12-24. 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 HFGM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.01% 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 HFGM charge its expense ratio? The expense ratio is deducted in tiny daily slices from HFGM'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 HFGM cost more than a fund like VOO? HFGM is actively managed (current expense ratio 1.01%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether HFGM's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HFGM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as HFGM (1.01%) 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/hfgm - Distribution history: https://www.dividenddata.com/funds/hfgm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hfgm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hfgm/expenses - Peer comparison: https://www.dividenddata.com/funds/hfgm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.