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Unlimited Expands ETF Lineup with New Global Macro Hedge Fund Strategy

1. Unlimited launched the HFGM Global Macro ETF on NYSE. 2. HFGM offers innovative strategies for global market mispricing. 3. HFND benefits from the diversification approach of Unlimited's ETFs. 4. HFGM aims to provide hedge fund-like returns at lower costs. 5. Additional ETFs from Unlimited planned for launch this year.

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FAQ

Why Bullish?

The launch of HFGM highlights HFND's relevance in offering diversified investment strategies. Historically, similar products have positively impacted related fund prices.

How important is it?

Investor interest in low-fee, diversified fund alternatives is rising. As HFND is positioned within this context, its performance may improve with heightened market interest.

Why Short Term?

The immediate market response to ETF launches typically influences investor sentiment quickly. A strong launch can boost HFND's visibility and inflows in the near term.

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HFGM
NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) -- Bob Elliott, CEO and CIO of Unlimited, today announced the launch of the Unlimited HFGM Global Macro ETF (NYSE: HFGM), a new actively managed exchange-traded fund offering exposure to global macro hedge fund style strategies. The Fund capitalizes on Mr. Elliott’s extensive experience as a systematic global macro portfolio manager by dynamically allocating capital long and short across a wide range of global markets opportunities in search of mispricing. The fund utilizes liquid exchange-listed futures contracts, and a basket of ETFs based upon systematic signals. The positions are adjusted based on evolving market conditions with the goal of adding diversification benefits to investors’ portfolios. HFGM seeks to capitalize on global market mispricing opportunities spanning currency, fixed income, equity, credit and exchange rate markets. Global macro managers have a long track record of generating consistent alpha with low correlation to the broader equity and fixed income markets. HFGM deploys Unlimited’s proprietary, data-driven technology to interpret the current positioning of global macro managers and replicate those positions in its own portfolio. The launch of HFGM expands on Unlimited’s mission to provide investors with access to hedge fund-style returns without the high fees and tax inefficiencies that can erode performance over time. Unlimited’s ETF offering includes the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: HFND), which has a two-year track record of offering investors exposure to a broad set of hedge fund style strategies. “Financial advisors and institutional investors facing turbulent markets are looking for ways to diversify their portfolios, but many find the high fees, lack of liquidity and adverse tax treatment associated with traditional alts offerings untenable," said Mr. Elliott. "Our Global Macro ETF was designed to offer a volatility target aligned with equity markets as an investor-friendly way to add the diversification features of alts to a balanced portfolio.” Hedge fund strategies overall have historically generated strong uncorrelated returns for investors, but high fees combined with inefficient tax structures have significantly eroded that performance. HFGM offers a transparent, liquid, and cost-effective alternative to traditional hedge fund allocations, carrying a lower expense ratio than the standard "2 and 20" hedge fund fee model. HFGM is the first of several new actively managed ETFs the firm plans to launch over the coming months. The suite includes two additional strategies that have been approved by the Securities and Exchange Commission with launch plans in the works for later this year, Unlimited HFMF Managed Futures ETF and Unlimited HFEQ Equity Long/Short ETF. Unlimited’s ETFs are managed by Mr. Elliott, former investment committee member at Bridgewater Associates and Bruce McNevin, co-founder and Chief Data Scientist at Unlimited. Mr. McNevin brings extensive experience in quantitative modeling and data science, having held positions at hedge funds Clinton Group and Midway Group, as well as Bank of America and BlackRock. For more information on HFGM or HFND, please visit https://www.unlimitedetfs.com Media Contacts: Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting www.unlimitedetfs.com. Please read the prospectus carefully before you invest. Important Risks Underlying ETFs Risks. The Fund will incur higher and duplicative expenses because it invests in Underlying ETFs. There is also the risk that the Fund may suffer losses due to the investment practices of the Underlying ETFs. The Fund will be subject to substantially the same risks as those associated with the direct ownership of securities held by the Underlying .ETFs. Management Risk. The Fund is actively managed and may not meet its investment objective based on the Sub-Adviser’s success or failure to implement investment strategies for the Fund. Machine Learning, Model and Data Risk. The Fund relies heavily on proprietary “machine learning” selection processes. In addition, the composition of the Fund’s portfolio is heavily dependent on proprietary quantitative models as well as information and data supplied by third parties (“Models and Data”). Volatility Risk. The Fund seeks to achieve a higher level of volatility than its target hedge fund industry sector, which may result in substantial price fluctuations over short periods. As a result, the value of the Fund’s investments may rise or fall significantly, and investors should be prepared for increased levels of volatility compared to traditional equity funds. Commodity Risk. Underlying ETFs that invest in the commodities markets may be subject to greater volatility than investments in traditional securities. Derivatives Risk. The Fund’s or an Underlying ETF’s derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets or index; the loss of principal, including the potential loss of amounts greater than the initial amount invested in the derivative instrument; the possible default of the other party to the transaction; and illiquidity of the derivative investments. Emerging Markets Risk. The Fund may invest in Underlying ETFs that invest in securities issued by companies domiciled or headquartered in emerging market nations. Investments in securities traded in developing or emerging markets, or that provide exposure to such securities or markets, can involve additional risks relating to political, economic, currency, or regulatory conditions not associated with investments in U.S. securities and investments in more developed international markets. Fixed Income Securities Risk. The Fund may invest in Underlying ETFs that invest in fixed income securities. The prices of fixed income securities may be affected by changes in interest rates, the creditworthiness and financial strength of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact on longer-duration and/or higher quality fixed income securities. Foreign Securities Risk. Foreign securities held by Underlying ETFs in which the Fund invests involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies. Futures Contracts Risk. The Fund or Underlying ETFs may invest in futures contracts. Risks of futures contracts include: (i) an imperfect correlation between the value of the futures contract and the underlying asset; (ii) possible lack of a liquid secondary market; (iii) the inability to close a futures contract when desired; (iv) losses caused by unanticipated market movements, which may be unlimited; (v) an obligation for the Fund or an Underlying ETF, as applicable, to make daily cash payments to maintain its required margin, particularly at times when the Fund or Underlying ETF may have insufficient cash; and (vi) unfavorable execution prices from rapid selling. New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions. Short Selling Risk. The Fund may make short sales of securities of Underlying ETFs, which involves selling a security it does not own in anticipation that the price of the security will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy (“cover”) the security sold short when the security has appreciated in value or is unavailable, thus resulting in a loss to the Fund. Short sales also involve the risk that losses may exceed the amount invested and may be unlimited. Swap Agreement Risk. The Fund or an Underlying ETF may invest in swap agreements. Swap agreements could result in losses if the underlying asset or reference does not perform as anticipated. Swaps can have the potential for unlimited losses. They are also subject to counterparty risk. If the counterparty fails to meet its obligations, the Fund (or the Underlying Fund) may lose money. Definitions: 20 and 2 strategy: Describes the standard fee structure charged by advisers of private funds, which generally includes a 2% asset-based management fee, in addition to a 20% performance fee charged on the profits on investments. Distributed by Foreside Fund Services, LLC.

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