Hull Tactical US ETF
Data updated: 2023-07-28
C000131678 — Hull Tactical US ETF. Money Market · $26.43M AUM · 0.95% expense ratio · 9.3% 1-yr return. Holdings, fees, performance and SEC filings.
C000131678 Fund Overview
Hull Tactical US ETF is a US ETF managed by Exchange Traded Concepts Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Traded Concepts Trust
- Category: Money Market
- Assets under management: $26.43M
- 1-year return: 9.3%
- SEC CIK: 0001452937
- SEC series ID: S000042584
- Share class ID: C000131678
C000131678 Investment Objective and Strategy
Hull Tactical US ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Traded Concepts Trust.
Investment objective
"The Hull Tactical US ETF (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
"The Fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds (""ETFs"") that seek to track the performance of the S&P 500 Index (each an ""S&P 500-related ETF"" or an ""Underlying ETF""). The S&P 500 Index is a widely recognized benchmark of U.S. stock market performance that is composed primarily of large-capitalization U.S. issuers. HTAA, LLC (""HTAA"" or the ""Investment Sub-Adviser"") 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. The Fund will enter into futures contracts, in conjunction with investing in shares of an S&P 500-related ETF, to seek the desired long or short exposure to the S&P 500 Index. However, the Fund does not use futures as the sole or a primary means of pursuing its investment strategy. Instead, the Fund trades futures when HTAA determines that doing so may provide an efficient means of seeking exposure to the S&P 500 Index that is complementary to its investment in shares of an S&P 500-related ETF. The Fund therefore is not intended to provide investors with a means of accessing a trading strategy that is principally focused on accessing the market for S&P 500 Index futures.
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 (collectively, ""Cash Instruments""). 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.
The Fund may be invested in this manner for extended periods, depending on the Investment Sub-Adviser's assessment of market conditions. During this time, the Fund may not be able to meet its investment objective. To the extent that the Fund invests in Underlying ETFs or money market mutual funds, the Fund would bear its pro rata portion of each such money market fund's advisory fees and operational expenses. The Adviser, on behalf of the Fund, has claimed an exclusion from the definition of the term ""commodity pool operator"" under the Commodity Exchange Act. As a result, neither the Adviser nor the Sub-Advisers, on behalf of the Fund, are required to be registered in that capacity with the Commodity Futures Trading Commission (the ""CFTC""), nor are they regulated by the CFTC as a registered commodity pool operator or commodity trading advisor with respect to the Fund.
The exclusion on which the Fund relies requires the Fund to limit its exposure to futures and other CFTC-regulated derivatives (such as swaps that reference broad-based securities indexes) to certain de minimis levels measured as a percentage of the Fund's liquidation value. HTAA intends to manage the Fund's investments in S&P 500 futures and S&P 500-related ETFs that trade CFTC-regulated derivatives in accordance with those levels at all times."
C000131678 Performance
Total returns for C000131678 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.3% |
| 3 years (annualised) | 16.6% |
C000131678 Risk Information
Risk metrics for C000131678, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.9%
C000131678 Costs and Fees
C000131678 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 215%
- Brokerage commissions: 3.07 bps of average net assets (SEC N-CEN)
C000131678 Cashflows
Over the 12 months to 2023-05, Hull Tactical US ETF had net inflows of $5.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | $0 |
| 2023-04 | $1.52M |
| 2023-03 | $1.56M |
| 2023-02 | $0 |
| 2023-01 | $1.42M |
| 2022-12 | $0 |
C000131678 Debt Constituents
No individual debt constituents are reported in Hull Tactical US ETF's latest SEC N-PORT filing.
C000131678 Prospectus and SEC Filings
Official Hull Tactical US ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-03-30
- Prospectus (485BPOS) — filed 2021-03-30
- Prospectus supplement (497) — filed 2022-04-07
- Portfolio holdings (N-PORT) — filed 2023-07-28
- Portfolio holdings (N-PORT) — filed 2023-05-01
- Portfolio holdings (N-PORT) — filed 2023-01-27
- Annual census (N-CEN) — filed 2023-02-10
- Annual census (N-CEN) — filed 2022-02-14
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.