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Hedgeye Capital Allocation ETF (HECA)

26.57 -0.01 (-0.04%)
At close: November 6 at 4:00:00 PM EST
Trade HECA on Coinbase

ETF Summary

The fund seeks to meet its objective by actively managing and allocating its assets in investments that provide exposure across various asset classes (including equities,bonds and other debt instruments, commodities, and currencies), with a focus on maximizing returns over rolling 12-month horizons while seeking to avoid drawdowns or peak-to-trough declines in the fund’s net asset value exceeding 15%. The fund is non-diversified.

ETF Overview

Category Global Moderate Allocation
Fund Family Hedgeye Asset Management, LLC
Net Assets 235.47M
YTD Daily Total Return -3.91%
Yield 1.14%
Legal Type Exchange Traded Fund

ETF Operations

Attributes HECA Category Average
Annual Report Expense Ratio (net)
0.81% 1.04%
Holdings Turnover
0.00% 65.53%
Total Net Assets
79,589.53 79,589.53

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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