HFND ETF ANALYSIS

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HFND ETF FUNDAMENTALS
HFND ETF PERFORMANCE

HFND ISSUER

The Tidal ETF Trust is the issuer behind the HFND ETF, known as the Unlimited HFND Multi Strategy Return Tracker ETF. This actively-managed exchange-traded fund aims to achieve capital appreciation by creating an investment portfolio with return characteristics similar to those of the hedge fund industry, before fees. The fund's sub-adviser, Unlimited Funds, Inc., employs a proprietary machine learning algorithm to select long and short positions in broad-based exchange-traded funds (Underlying ETFs) and futures contracts, mimicking various hedge fund styles such as long/short equity, global macro, and more. By providing an alternative approach to accessing hedge fund-like returns with comparatively lower operating expenses, the HFND ETF offers investors a unique investment opportunity in the ETF landscape.

HFND DIVIDEND

The Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF (HFND) primarily focuses on capital appreciation rather than dividends. This actively managed ETF aims to replicate the return characteristics of the hedge fund industry gross of fees returns. While dividend distribution is not the central objective, the ETF may generate dividend income from the underlying assets, which can include a mix of long and short positions in 30 to 50 Underlying ETFs and futures contracts. The dividend eligibility, distribution frequency, and policies of HFND may vary based on the performance of these assets, and investors should consider this alongside the potential for capital appreciation when evaluating this ETF.

HFND TRACKING

The Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF employs an actively-managed strategy with the goal of achieving capital appreciation. This ETF aims to replicate the return characteristics of the hedge fund industry, gross of fees, by creating a diversified investment portfolio. The portfolio consists of long and short positions in 30 to 50 Underlying ETFs and futures contracts,

HFND CORRELATION

The correlation aspect of the Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF (HFND) is essential for understanding its performance in relation to the hedge fund industry. HFND actively manages an investment portfolio with return characteristics similar to the hedge fund industry gross of fees returns. This correlation is achieved through long and short positions in Underlying ETFs and futures contracts, making HFND's correlation a critical factor in its strategy. Investors interested in understanding its performance relative to traditional hedge funds can utilize HFND's correlation insights as a valuable tool.

HFND SECTOR

The Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF focuses on actively managed strategies to replicate the return characteristics of the hedge fund industry gross of fees returns. This ETF achieves its goal by investing in a diversified portfolio of long and short positions in 30 to 50 Underlying ETFs and futures contracts. While it aims to outperform the hedge fund industry's net of fees returns by keeping operating expenses lower, it differs from traditional hedge funds by not directly investing in hedge fund strategies or positions, employing more leverage, or heavily relying on illiquid investments. This unique approach provides investors with exposure to a dynamic blend of assets and strategies that aim to capture the essence of the hedge fund industry's performance.

HFND EXPOSURE

The Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF (HFND) is an actively managed exchange-traded fund (ETF) designed to replicate the return characteristics of the hedge fund industry gross of fees returns. The fund aims to achieve capital appreciation by creating an investment portfolio that closely mirrors the performance of various hedge fund styles, such as long/short equity, global macro, event-driven, and more. By primarily taking long and short positions in a diverse range of Underlying ETFs and futures contracts, the fund seeks to offer investors an opportunity to potentially outperform the hedge fund industry''s net of fees returns, given its comparatively lower operating expenses.

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