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 7/17/2026
0.70%
5/27/2026
Annual
$5,937,627
240,000
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.


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.
Fund Resources
-0.41%
0.07%
$24.76
-0.34%
0.20%
$24.74
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 7/18/2026
Ticker
Cusip
Name
Shares
Price
Market Value
Weight
ILMN
452327109
Illumina Inc
2,864
$186.65
$534,565.60
11.37%
FGXXX
31846V336
First American Government Obligations Fund 12/01/2031
533,610.16
$100.00
$533,610.16
11.35%
TWLO
90138F102
Twilio Inc
2,208
$206.78
$456,570.24
9.71%
OKTA
679295105
Okta Inc
3,017
$149.35
$450,588.95
9.59%
FTI
G87110105
TechnipFMC PLC
5,169
$72.07
$372,529.83
7.93%
NVT
G6700G107
nVent Electric PLC
1,920
$154.92
$297,446.40
6.33%
MKSI
55306N104
MKS Inc
910
$324.69
$295,467.90
6.29%
MDLN
58507V107
Medline Inc
7,346
$39.79
$292,297.34
6.22%
ATI
01741R102
ATI Inc
1,554
$186.17
$289,308.18
6.15%
LNG
16411R208
Cheniere Energy Inc
961
$262.60
$252,358.60
5.37%
BE
93712107
Bloom Energy Corp
1,118
$214.96
$240,325.28
5.11%
CRS
144285103
Carpenter Technology Corp
425
$557.77
$237,052.25
5.04%
CW
231561101
Curtiss-Wright Corp
332
$707.84
$235,002.88
5.00%
MTZ
576323109
MasTec Inc
599
$329.59
$197,424.41
4.20%
ROIV
G76279101
Roivant Sciences Ltd
3,859
$34.51
$133,174.09
2.83%
WWD
980745103
Woodward Inc
317
$392.88
$124,542.96
2.65%
IOT
79589L106
Samsara Inc
2,375
$38.32
$91,010.00
1.94%
ALNY
02043Q107
Alnylam Pharmaceuticals Inc
239
$267.47
$63,925.33
1.36%
XPO
983793100
XPO Inc
246
$215.02
$52,894.92
1.13%
CRDO
G25457105
Credo Technology Group Holding Ltd
207
$202.68
$41,954.76
0.89%
NCNO
63947X101
nCino Inc
2,114
$17.85
$37,734.90
0.80%
AFRM
00827B106
Affirm Holdings Inc
386
$76.07
$29,363.02
0.62%
COMP
20464U100
Compass Inc
1,662
$12.00
$19,944.00
0.42%
SOFI
83406F102
SoFi Technologies Inc
1,123
$17.28
$19,405.44
0.41%
CLVT
G21810109
Clarivate PLC
7,261
$2.39
$17,353.79
0.37%
BRBR
07831C103
BellRing Brands Inc
1,367
$12.12
$16,568.04
0.35%
AMRZ
H2927K103
Amrize Ltd
315
$49.74
$15,668.10
0.33%
ONDS
68236H204
Ondas Inc
1,846
$6.53
$12,045.15
0.26%
AMRC
9223372036854776000
Ameresco Inc
442
$23.11
$10,214.62
0.22%
UWMC
91823B109
UWM Holdings Corp
4,049
$2.02
$8,178.98
0.17%
BELFB
77347300
Bel Fuse Inc
24
$270.56
$6,493.44
0.14%
RPRX
G7709Q104
Royalty Pharma PLC
112
$58.18
$6,516.16
0.14%
TPB
90041L105
Turning Point Brands Inc
60
$82.84
$4,970.40
0.11%
CBZ
124805102
CBIZ Inc
114
$42.42
$4,835.88
0.10%
FIGS
30260D103
Figs Inc
424
$10.31
$4,371.44
0.09%
CTRI
155923105
Centuri Holdings Inc
115
$27.70
$3,185.50
0.07%
PRMB
741623102
Primo Brands Corp
124
$24.82
$3,077.68
0.07%
WK
98139A105
Workiva Inc
37
$57.18
$2,115.66
0.05%
ZM
98980L101
Zoom Communications Inc
21
$91.13
$1,913.73
0.04%
HURN
447462102
Huron Consulting Group Inc
-29
$114.80
$-3,329.20
-0.07%
RDDT
75734B100
Reddit Inc
-76
$181.18
$-13,769.68
-0.29%
Cash&Other
Cash&Other
Cash & Other
-698,856.52
$1.00
$-698,856.52
-14.87%
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.


