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About Hedgeye Capital Allocation ETF
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Inception date
Jul 1, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Hedgeye Asset Management LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US26923Q7473
HECA is a multi-asset strategy designed to maximize returns over rolling 12-month periods while limiting drawdowns to no more than 15%. Investments include asset classes such as equities, fixed income, commodities, and currencies. The strategy centers on a proprietary Quad model, a regime-based, quantitative framework that analyzes the rate-of-change in economic growth, inflation, and monetary policy trends. Portfolio allocation is based on these macro signals, identifying asset classes based on the respective market environment. Additionally, it enhances this framework with internal and external research to identify emerging themes and investment opportunities. The fund primarily invests through US-listed ETFs but may also hold individual equity and debt securities. The fund also uses an options overlay to hedge downside risk, adjust exposures, or enhance returns. Note that the portfolio is not subject to any predetermined allocation limits across specific regions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF95.85%
Cash1.86%
Rights & Warrants1.69%
Mutual fund0.60%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HECA top holdings are iShares MSCI Japan ETF and iShares JP Morgan USD Emerging Markets Bond ETF, occupying 8.94% and 8.06% of the portfolio correspondingly.
HECA last dividends amounted to 0.25 USD. The year before, the issuer paid 0.31 USD in dividends, which shows a 22.51% decrease.
HECA assets under management is 212.16 M USD. It's risen 37.15% over the last month.
HECA fund flows account for 199.63 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HECA pays dividends to its holders with the dividend yield of 1.01%. The last dividend (Dec 31, 2025) amounted to 0.56 USD. The dividends are paid annually.
HECA shares are issued by Hedgeye Risk Management LLC under the brand Hedgeye. The ETF was launched on Jul 1, 2025, and its management style is Active.
HECA expense ratio is 1.02% meaning you'd have to pay 1.02% of your investment to help manage the fund.
HECA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HECA invests in funds.
HECA price has risen by 6.25% over the last month, and its yearly performance shows a 21.44% increase. See more dynamics on HECA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.48% over the last month, showed a 7.79% increase in three-month performance and has increased by 9.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.48% over the last month, showed a 7.79% increase in three-month performance and has increased by 9.62% in a year.
HECA trades at a premium (0.51%) meaning the ETF is trading at a higher price than the calculated NAV.