Hull Tactical Asset Allocation, LLC (HTAA) begun trading the Hull Tactical Fund (NYSEArca: HTUS) on Thursday, June 25, 2015.
Here is a synopsis of the new ETF:
|Symbol: HTUS||Exchange: NYSE Arca|
|Name: Hull Tactical Fund||Net Expense Ratio: 1.0%|
The Hull Tactical Fund is an actively managed ETF driven to realize long-term appreciation from investments in the U.S. equity and Treasury markets, independent of market direction.
The Fund seeks to achieve its investment objective by taking long and short positions in one or more ETFs that seek to track the performance of the S&P 500 Index. HTAA utilizes various proprietary, analytical investment models that examine current and historical market data to attempt to predict the performance of the S&P 500 Index. The models deliver investment signals that HTAA uses to make investment decisions for the Fund. Depending on the discretion of HTAA and the investment signals delivered by the models, HTAA may take certain long or short positions in one or more S&P 500-related ETFs and S&P 500-related futures.
When the Fund takes long positions, it may maintain long exposure of up to 200% of its net assets; exposure to short positions is limited to no more than 100% of its net assets.
HTAA may adjust the Fund’s long and short positions when necessary to take into account new market conditions as well as data from the models. Positions may be adjusted at the HTAA’s discretion as model predictions and market opportunities fluctuate. In seeking to achieve its investment objective, the Fund may engage in short sales of S&P 500-related ETFs. The Fund may also invest up to 10% of its total assets in leveraged or inverse ETFs that seek to deliver multiples (long), or the inverse (short), of the performance of the S&P 500 Index, respectively. However, in seeking its investment objective, the Fund does not seek performance that is a specific multiple or inverse, or inverse multiple of the S&P 500 Index.The Fund may invest in leveraged or inverse ETFs on a daily basis or longer consistent with HTAA’s views on prevailing and anticipated market conditions.
During periods when the Fund’s assets (or portion thereof) are not fully invested in one or more S&P 500-related ETFs or otherwise exposed to the S&P 500 Index, all or a portion of the Fund may be invested in cash instruments, which for this purpose include U.S. Treasury obligations; cash and cash equivalents including commercial paper, certificates of deposit and bankers’ acceptances; repurchase agreements; shares of money market mutual funds; and high-quality, short-term debt instruments including, in addition to U.S. Treasury obligations, other U.S. government securities. Additionally, to respond to certain adverse market, economic, political or other conditions, the Fund may invest 100% of its assets, without limitation, in Cash Instruments stated above.
Fund Holdings (06/24/15):
|SPDR 500 ETF (SPY)||59.546%|
HTUS Home Page
HTUS is the 1st ETF launched by Hull Tactical Asset Allocation, LLC (HTAA). Hull Tactical Asset Allocation, LLC (HTAA, LLC) is an SEC registered investment advisor that was founded in 2013 by Blair Hull. HTAA is an independent, privately owned firm focused on quantitative asset management and long-term capital management. HTAA, LLC serves as an advisor to ETFs, and utilizes advanced algorithms and macro and technical indicators to anticipate future market returns. The strategies are stress tested with over 20 years of historical data and evolved from tactical allocation models developed and traded by Hull Investments, LLC.
HTUS is designed to deliver hedge fund-type management and trading tactics targeting to a lower volatility to the US big cap market.