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HEFTHedgeye Fourth Turning ETF

Get incomeNewRanked #1,019 of 1,650 in this goal

Seeks long-term capital appreciation.

By Hedgeye Asset Management, LLC · Launched 2025

Annual Cost

0.70%

#3,681 of 5,861 · average

Fund Size

$103M

#2,974 of 5,861 · mid-size

Dividend YieldGoal

—

Track Record

9 months

#4,903 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,382+3.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Syntax Robotics Index

What it actually holds

By weight

Concentration

Top 10 holdings = 50.6% of fundmoderately concentrated

State Street SPDR Bloomberg En
14.0%
Vanguard Total Stock Market ET
9.0%
VanEck Oil Services ETF
4.2%
State Street Energy Select Sec
4.1%
First American Government Obli
4.1%
iShares Future AI & Tech ETF
4.0%
SPDR Gold Shares
4.0%
State Street SPDR S&P Global I
3.0%
Vanguard FTSE Pacific ETF
2.3%
ROBO Global Robotics and Autom
2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-9.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks long-term capital appreciation.
Strategy
Employs a long/short strategy to achieve long-term capital appreciation, maintaining up to 150% net assets in long positions and up to 50% in short positions across U.S. equities, fixed income, commodities, and currencies. The Fund is classified as non-diversified, focusing on sectors and themes expected to benefit from structural changes.
Inception date
November 20, 2025
Fund family
Hedgeye Asset Management, LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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 2026-08-04