HEFTHedgeye Fourth Turning ETF
The investment objective of the Hedgeye Fourth Turning ETF is to seek current income.
By Hedgeye Asset Management, LLC · Launched 2025
0.01%
#95 of 5,562 · low cost
$103M
#2,904 of 5,562 · mid-size
—
7 months
#5,009 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundRisk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- The investment objective of the Hedgeye Fourth Turning ETF is to seek current income.
- Strategy
- The principal investment strategy of the Hedgeye Fourth Turning ETF is to employ a structured options overlay strategy while providing exposure to the share price performance of companies in the Syntax Robotics Index. The Fund will utilize equity positions, call options, and synthetic positions to gain long exposure in securities of the Underlying Index, aiming to achieve economic exposure approximating 100% of the upside performance.
- Inception date
- November 20, 2025
- Fund family
- Hedgeye Asset Management, LLC
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19