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INDEX ADDS
ADDS US Equity

HAM_Brooks_CircularHeadshot.png

BROOKS CUTRIGHT, Portfolio Manager

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 9/11/2026

0.70%

5/27/2026

Annual

$6,885,409

280,000

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.

RELATED CONTENT

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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.

$24.59

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: 6/30/2026

Fund NAV

Closing Price

1 Month

6.51%

3 Month

N/A%

6 Month

N/A%

YTD

N/A%

Since Inception

6.88%

6.32%

N/A%

N/A%

N/A%

6.79%

Avg Annualized %

Data as of: 6/30/2026

Fund NAV

Closing Price

1 Year

N/A%

Since Inception

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 9/12/2026

Ticker

Cusip

Name

Shares

Price

Market Value

Weight

BE

93712107

Bloom Energy Corp

3,464

$275.75

$955,198.00

13.87%

LNG

16411R208

Cheniere Energy Inc

2,922

$278.34

$813,309.48

11.81%

ILMN

452327109

Illumina Inc

3,928

$206.45

$810,935.60

11.78%

ATI

01741R102

ATI Inc

3,157

$198.77

$627,516.89

9.11%

VG

92333F101

Venture Global Inc

23,721

$15.80

$374,791.80

5.44%

FTI

G87110105

TechnipFMC PLC

4,525

$76.34

$345,438.50

5.02%

ALAB

04626A103

Astera Labs Inc

1,178

$291.22

$343,057.16

4.98%

ZM

98980L101

Zoom Communications Inc

3,351

$95.57

$320,255.07

4.65%

TWLO

90138F102

Twilio Inc

1,217

$227.35

$276,684.95

4.02%

CRDO

G25457105

Credo Technology Group Holding Ltd

1,478

$162.95

$240,840.10

3.50%

IESC

44951W106

IES Holdings Inc

510

$345.71

$176,312.10

2.56%

CTRI

155923105

Centuri Holdings Inc

7,255

$20.16

$146,260.80

2.12%

ARQT

03969K108

Arcutis Biotherapeutics Inc

5,960

$23.89

$142,354.60

2.07%

RPRX

G7709Q104

Royalty Pharma PLC

2,237

$58.61

$131,110.57

1.90%

SGRY

86881A100

Surgery Partners Inc

8,876

$14.38

$127,636.88

1.85%

PGEN

74017N105

Precigen Inc

18,533

$6.85

$126,951.05

1.84%

FGXXX

31846V336

First American Government Obligations Fund 12/01/2031

113,437.46

$100.00

$113,437.46

1.65%

VERX

92538J106

Vertex Inc

8,529

$12.26

$104,565.54

1.52%

NRIX

67080M103

Nurix Therapeutics Inc

3,429

$25.10

$86,067.90

1.25%

P

74624M102

Everpure Inc

738

$98.18

$72,456.84

1.05%

TPB

90041L105

Turning Point Brands Inc

998

$71.51

$71,366.98

1.04%

MDLN

58507V107

Medline Inc

2,144

$32.53

$69,744.32

1.01%

NTRA

632307104

Natera Inc

205

$328.93

$67,430.65

0.98%

FIGS

30260D103

Figs Inc

3,575

$13.35

$47,726.25

0.69%

AFRM

00827B106

Affirm Holdings Inc

607

$71.44

$43,364.08

0.63%

AXTI

00246W103

AXT Inc

663

$64.77

$42,942.51

0.62%

FWONK

531229755

Liberty Media Corp-Liberty Formula One

397

$95.59

$37,949.23

0.55%

OWL

09581B103

Blue Owl Capital Inc

2,150

$10.56

$22,704.00

0.33%

HNGE

433313103

Hinge Health Inc

234

$88.59

$20,730.06

0.30%

RKT

77311W101

Rocket Cos Inc

1,546

$13.18

$20,376.28

0.30%

ATRC

04963C209

AtriCure Inc

319

$54.54

$17,398.26

0.25%

ALNY

02043Q107

Alnylam Pharmaceuticals Inc

65

$248.68

$16,164.20

0.23%

ZETA

98956A105

Zeta Global Holdings Corp

513

$30.18

$15,482.34

0.22%

SOFI

83406F102

SoFi Technologies Inc

605

$17.32

$10,478.60

0.15%

AVPT

53604104

AvePoint Inc

710

$12.66

$8,988.60

0.13%

BLBD

95306106

Blue Bird Corp

133

$61.84

$8,224.72

0.12%

LPLA

50212V100

LPL Financial Holdings Inc

22

$353.78

$7,783.16

0.11%

GRND

39854F101

Grindr Inc

448

$15.28

$6,845.44

0.10%

GCT

G38644103

GigaCloud Technology Inc

126

$51.87

$6,535.62

0.09%

BKV

05603J108

BKV Corp

198

$24.23

$4,797.54

0.07%

UPST

91680M107

Upstart Holdings Inc

186

$25.59

$4,759.74

0.07%

Cash&Other

Cash&Other

Cash & Other

-1,698.94

$1.00

$-1,698.94

-0.02%

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.

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