Hedgeye Index Adds ETF (ADDS)

Hedgeye Index Adds ETF (ADDS) is an exchange-traded fund in the Large Blend category. It has $7.20M in assets and an expense ratio of 0.70%. The fund seeks to meet its objective by actively managing and investing primarily in U.S.-listed equity securities that, in the opinion of the Adviser, are under-owned by passive index funds and have a high probability of near-term inclusion in major U.S. equity indices. Under normal market conditions, it will invest at least 80% of its net assets (plus any borrowings for investment purposes) in U.S.-listed equity securities. The fund is non-diversified.