FormulaFolios Hedged Growth ETF (FFHG) is an actively managed exchange-traded fund that seeks capital appreciation through a tactical, multi-asset approach based on the S&P 500 index; it invests primarily in exchange-traded funds tracking broad-based U.S. equities of all market capitalizations, including leveraged and inverse equity products, U.S. Treasuries, and short-term Treasury bills; top holdings include iShares 1-3 Year Treasury Bond ETF (SHY), iShares Core S&P 500 ETF (IVV), SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), iShares Core S&P Mid-Cap ETF (IJH), iShares Core S&P Small-Cap ETF (IJR), and Vanguard High Dividend Yield ETF (VYM). The ETF operates within the asset allocation and target outcome segments, targeting investors seeking growth with hedging capabilities across developed North American markets; it features a net expense ratio of 1.13%, assets under management of approximately $63.14 million, and a dividend yield of 1.10%. Launched on June 6, 2017, FFHG is issued and managed by FormulaFolios Investments LLC, a registered investment advisor founded in 2011 with historical headquarters in Grand Rapids, Michigan. In July 2020, FormulaFolios merged with Brookstone Capital Management to form a combined RIA managing over $6.5 billion in assets, retaining the FormulaFolios brand for its asset management division including FFHG, which continues under the oversight of fund managers Jason Wenk and Derek Prusa. No major acquisitions, new product launches, partnerships, funding rounds, or strategic shifts specific to FFHG have been reported in the last 1-2 years.