top of page

ADDS

INDEX ADDS
ADDS US Equity

FUND DETAILS

Ticker

Primary Exchange

CUSIP

ISIN

Net Assets

Shares Outstanding

Gross Expense Ratio

Inception Date

Distribution Frequency

​

ADDS US Equity

NYSE

26923V639

US26923V6395

Data as of 6/5/2026

0.70%

5/27/2026

Annual

$2,787,386

110,000

ADDS OVERVIEW

The Hedgeye Index Adds ETF (NYSE: ADDS) is an actively managed strategy seeking long-term capital appreciation by systematically positioning ahead of expected forced buying from index funds when new constituents are added to major U.S. equity indices. The Fund is managed by Hedgeye Asset Management portfolio manager Brooks Cutright, whose 19-year career in index-event trading includes buy-side portfolio management roles at DRW and ExodusPoint, Head of ETF Trading, Americas, at Deutsche Bank, plus risk portfolio trader at BofA Merrill Lynch. ADDS uses proprietary machine learning models to generate probabilistic forecasts of companies likely to be added to the indices it tracks. The portfolio typically holds approximately 40 U.S. equities that either currently meet, or are expected to soon meet, the eligibility requirements of major indices including the S&P 500, S&P 400, S&P 600, and Nasdaq 100. By rule, the Fund exits each position at the market-on-close on the day it is added to its target index. With a 20% per-name cap, monthly rebalance cycle, and disciplined liquidity profile, ADDS offers investors a systematic, differentiated source of return rooted in flow timing rather than traditional security selection. ADDS is designed to serve as a compelling complement to a core equity allocation.

AdobeStock_492933432_edited_edited.jpg

Daily Net Asset Value (NAV) and Closing Price

NAV:

NAV Change:

NAV Premium Discount:

Price:

Price Change:

30 Day Median Bid/Ask Spread:

The ETF's 30 Day Median Bid-Ask Spread is calculated by identifiying the ETF's national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

$25.34

PREMIUM/DISCOUNT GRAPH

Premium/Discount History
2025
Q1-26
Q2-26
Q3-26
Q4-26
Days traded at discount
N/A
N/A
N/A
N/A
N/A
Days traded at NAV
N/A
N/A
N/A
N/A
N/A
Days traded at premium
N/A
N/A
N/A
N/A
N/A

The frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day.

PERFORMANCE HISTORY

Cumulative %

Data as of: 03/31/26

Fund NAV

1 Month

N/A%

3 Month

N/A%

6 Month

N/A%

YTD

N/A%

Since Inception

N/A%

Closing Price

N/A%

N/A%

N/A%

N/A%

N/A%

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the quoted performance.  For month-end fund performance, please call +1 (888) 711-8292.

DISTRIBUTION HISTORY

2026 Distributions

DATE
TICKER
PER SHARE
Pending
ADDS
Pending

ETF PORTFOLIO HOLDINGS

Data as of 6/9/2026

Ticker

Cusip

Name

Shares

Price

Market Value

Weight

MRVL

573874104

MARVELL TECHNOLOGY INC

2,002

$288.85

$578,277.70

20.34%

FLEX

Y2573F102

Flex Ltd

2,046

$150.83

$308,598.18

10.85%

BE

93712107

Bloom Energy Corp

957

$253.57

$242,666.49

8.53%

FTI

G87110105

TechnipFMC PLC

3,102

$68.75

$213,262.50

7.50%

ZM

98980L101

Zoom Communications Inc

1,364

$101.15

$137,968.60

4.85%

NVT

G6700G107

nVent Electric PLC

814

$163.81

$133,341.34

4.69%

CW

231561101

Curtiss-Wright Corp

176

$721.33

$126,954.08

4.46%

ROKU

77543R102

Roku Inc

924

$123.57

$114,178.68

4.02%

MTSI

55405Y100

MACOM Technology Solutions Holdings Inc

308

$361.86

$111,452.88

3.92%

FN

G3323L100

Fabrinet

143

$623.71

$89,190.53

3.14%

MTZ

576323109

MasTec Inc

242

$361.70

$87,531.40

3.08%

UTHR

91307C102

United Therapeutics Corp

132

$544.69

$71,899.08

2.53%

LQDA

53635D202

Liquidia Corp

1,100

$63.90

$70,290.00

2.47%

SATS

278768106

EchoStar Corp

418

$116.62

$48,747.16

1.71%

MOD

607828100

Modine Manufacturing Co

165

$275.23

$45,412.95

1.60%

CRCL

172573107

Circle Internet Group Inc

539

$82.53

$44,483.67

1.56%

IESC

44951W106

IES Holdings Inc

55

$734.91

$40,420.05

1.42%

CRDO

G25457105

Credo Technology Group Holding Ltd

176

$222.27

$39,119.52

1.38%

FTAI

G3730V105

FTAI Aviation Ltd

132

$230.46

$30,420.72

1.07%

DKNG

26142V105

DraftKings Inc

1,210

$24.78

$29,983.80

1.05%

ALNY

02043Q107

Alnylam Pharmaceuticals Inc

88

$292.16

$25,710.08

0.90%

ALAB

04626A103

Astera Labs Inc

66

$346.33

$22,857.78

0.80%

AFRM

00827B106

Affirm Holdings Inc

297

$65.46

$19,441.62

0.68%

GTX

366505105

Garrett Motion Inc

561

$32.25

$18,092.25

0.64%

PRMB

741623102

Primo Brands Corp

715

$23.19

$16,580.85

0.58%

LNG

16411R208

Cheniere Energy Inc

66

$236.61

$15,616.26

0.55%

FGXXX

31846V336

First American Government Obligations Fund 12/01/2031

14,648.12

$100.00

$14,648.12

0.52%

SIRI

829933100

Sirius XM Holdings Inc

484

$27.44

$13,280.96

0.47%

FWONK

531229755

Liberty Media Corp-Liberty Formula One

143

$86.87

$12,422.41

0.44%

AMRZ

H2927K103

Amrize Ltd

242

$50.80

$12,293.60

0.43%

DAVE

23834J201

Dave Inc

44

$270.29

$11,892.76

0.42%

RKLB

773121108

Rocket Lab Corp

100

$113.65

$11,365.00

0.40%

NCNO

63947X101

nCino Inc

693

$15.04

$10,422.72

0.37%

RPRX

G7709Q104

Royalty Pharma PLC

187

$54.86

$10,258.82

0.36%

LPLA

50212V100

LPL Financial Holdings Inc

33

$283.72

$9,362.76

0.33%

RSI

782011100

Rush Street Interactive Inc

330

$26.14

$8,626.20

0.30%

VG

92333F101

Venture Global Inc

616

$12.84

$7,909.44

0.28%

FIGS

30260D103

Figs Inc

583

$11.58

$6,751.14

0.24%

LOAR

53947R105

Loar Holdings Inc

110

$63.31

$6,964.10

0.24%

SUI

866674104

Sun Communities Inc

55

$122.19

$6,720.45

0.24%

Z

98954M200

Zillow Group Inc

187

$34.79

$6,505.73

0.23%

MSGE

558256103

Madison Square Garden Entertainment Corp

88

$72.22

$6,355.36

0.22%

WK

98139A105

Workiva Inc

110

$48.30

$5,313.00

0.19%

Cash&Other

Cash&Other

Cash & Other

-242.87

$1.00

$-242.87

-0.01%

Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security

 

Index Definitions
 
S&P 500 Index: The S&P 500 is a stock market index that tracks the stock performance of 500 of the largest companies listed on stock exchanges in the United States.
 
S&P 400 / S&P 600 (MID / SML): S&P's MidCap and SmallCap indices. Companies migrating from the 400 into the 500 produce the cleanest pre-inclusion drift in the strategy's dataset.
 
NASDAQ-100 (NDX): Modified-market-cap-weighted index of 100 of the largest non-financial companies listed on Nasdaq.
 
Important Information
 
Before investing in the fund, the investment objective, risks, charges and expenses must be considered carefully before investing. The statutory prospectus contains this and other important information about the fund. Copies of the fund’s prospectus may be obtained by visiting www.hedgeyeam.com/ADDS or calling +1 (888) 711-8292. Read it carefully before investing.
 

Investing involves risks including the risk of principal loss. The Adviser is newly formed and has not previously managed an ETF. Accordingly, investors in the Fund bear the risk that the Adviser's inexperience may limit its effectiveness. 
 
Diversification neither ensures a profit nor guarantees against loss in a declining market.
 
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.
 
As an actively managed investment portfolio, the Fund is subject to the Adviser's investment decisions about individual securities impact on the Fund's ability to achieve its investment objective. there is no guarantee that the Adviser's investment strategy will meet it's investment objective or produce the desired results. Large cap companies may be less able than mid and small capitalization companies to adapt to changing market conditions. Investments in stocks of mid-capitalization companies may be subject to more abrupt or erratic market movements
 
The Fund's investment strategies may employ quantitative algorithms and models that rely heavily on the use of proprietary and non-proprietary data, Models may also have hidden biases or exposure to broad structural or sentiment shifts. There can be no assurance that use of a quantitative model will enable the Fund to achieve positive returns or outperform the market.
 
When the Fund uses derivatives, there may be imperfect correlation between the value of the underlying instrument and the derivative, which may prevent the Fund from achieving its investment objective.
 
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

 

Non-Diversification Risk. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in a particular issuer than a diversified fund. Non-diversification increases the risk that the value of the Fund could go down because of the poor performance of a single investment or limited number of investments.
 
In addition, the fund's principle risks include derivative risk, options risk, levering risk, counterparty risk, depositary receipts risk, securities lending risk, and short-term treasury and cash holding risk. For additional information about these and other fund risks, please refer to the "Principal Investment Risks” section of the prospectus.
 
The Distributor is Foreside Fund Services, LLC.

bottom of page