Unlimited HFGM Global Macro ETF
HFGM
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 234 West Florida Street, Suite 203 Milwaukee United States of America 53204
- IPO Date
- Apr 14, 2025
- CIK
- 0001742912
- Website
- tidalfinancialgroup.com
- Similar Companies
- Business
- Unlimited HFGM Global Macro ETF (HFGM) is an actively managed exchange-traded fund that seeks capital appreciation by replicating the gross-of-fees return characteristics of the hedge fund industry's Global Macro sector with approximately twice the sector's volatility, utilizing long and short positions in 10-30 underlying exchange-traded funds (ETFs), exchange-listed futures contracts, and to a lesser extent swap agreements. The fund invests in a broad universe of primarily passively-managed underlying ETFs spanning commodity ETFs (such as those tracking oil and gold), currency ETFs (including U.S. dollar index and euro exposure), fixed income ETFs (covering treasuries, corporate bonds, municipal bonds, and high-yield bonds), sector ETFs (like information technology and consumer discretionary), factor ETFs (based on value and momentum), and domestic, global, emerging market, and country-specific ETFs; futures contracts enable larger notional exposure for volatility targeting, while short positions in underlying ETFs and deposits with brokers for short positions support the strategy. Launched on April 14, 2025, and listed initially on NYSE Arca, HFGM is sub-advised by Unlimited Funds, Inc., with Tidal Investments LLC as adviser, both under the Tidal ETF Trust; portfolio managers include Bob Elliott, Chief Investment Officer, and Bruce McNevin, Chief Data Scientist, employing proprietary machine learning algorithms to analyze public hedge fund data for dynamic portfolio adjustments. In July 2025, Unlimited ETFs, including HFGM alongside HFND, announced and completed a transfer of exchange listings from NYSE Arca to the New York Stock Exchange LLC effective July 16, 2025, retaining the HFGM ticker to enhance trading visibility and liquidity. The fund, domiciled in the United States with operations focused on U.S. investors and global macro exposures, maintains a total annual operating expense ratio of 1.00%, comprising a 0.95% management fee, and up to 25% of assets may be allocated to a wholly-owned Cayman Islands subsidiary for derivatives exposure, positioning it as a lower-fee, tax-efficient alternative to traditional global macro hedge funds.