HFXE — IQ 50 Percent Hedged FTSE Europe ETF

HFXE Fund Overview

HFXE — IQ 50 Percent Hedged FTSE Europe ETF is a US ETF managed by New York Life Investments ETF Trust, categorised as Europe Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: New York Life Investments ETF Trust
• Category: Europe Blend / Core Equity
• Assets under management: $8.40M
• 1-year return: -2.8%
• Ticker: HFXE
• SEC CIK: 0001415995
• SEC series ID: S000050193
• Share class ID: C000158451

HFXE Investment Objective and Strategy

IQ 50 Percent Hedged FTSE Europe ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments ETF Trust.

Investment objective

The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the FTSE Developed Europe 50% Hedged to USD Index (the Underlying Index).

Principal investment strategy

The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index, which was developed by FTSE International Ltd. (FTSE). The Underlying Index is an equity benchmark for European countries, with approximately half of the currency exposure of the securities included in the Underlying Index hedged against the U.S. dollar on a monthly basis. As of June 30, 2018, the Underlying Index consisted of the following 16 countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. The Underlying Index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of European equity markets.

The Underlying Index includes primarily large- and mid-capitalization companies. The primary sectors within the Underlying Index currently include financials, consumer goods, and health care. As of June 30, 2018, a significant portion of the Underlying Index is represented by securities of companies in the financials sector and consumer goods sector. The composition of the Underlying Index may change over time. The Underlying Index and the Funds net asset value (NAV) are denominated in U.S. dollars, while the component securities of the Underlying Index are generally denominated in foreign currencies. The Underlying Index is designed to reduce by approximately half the Funds exposure to fluctuations in the value of component currencies relative to the U.S. dollar. The Underlying Index applies a one month forward rate to approximately half of the value of the non-U.S.

dollar denominated securities included in the Underlying Index to hedge against fluctuations for this portion of the Funds exposure to component securities relative to the U.S. dollar. The hedge is reset on a monthly basis. The Fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its Underlying Index. The Fund is expected to have lower returns than a similar fund that does not hedge any of its currency exposure when the component currencies are rising relative to the U.S. dollar. The Fund is expected to have higher returns than a similar unhedged fund when the component currencies are falling relative to the U.S. dollar. In order to replicate the hedging component of the Underlying Index, the Fund intends to enter into foreign currency forward contracts and futures contracts designed to offset approximately half of the Funds exposure to the component currencies.

A foreign currency forward contract is a contract between two parties to buy or sell a specified amount of a specific currency in the future at an agreed upon exchange rate. The Funds exposure to foreign currency forward contracts is based on approximately half of the Funds aggregate exposure to the component currencies. The Fund may also invest its assets in cash and cash equivalents, as well as in shares of other investment companies, options and swaps. To the extent that a Funds Underlying Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investment to approximately the same extent as its Underlying Index. The Underlying Index is sponsored by an organization (the Index Provider) that is independent of the Fund and Advisor.

The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Funds Index Provider is FTSE International Ltd., a widely known global index provider that currently manages and calculates more than 120,000 indices daily.

HFXE Performance

Total returns for HFXE (as of 2026-10-01), from SEC filings.

HFXE Risk Information

Risk metrics for HFXE, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 20.2%

HFXE Costs and Fees

HFXE costs about $30 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.30%
• Gross expense ratio: 0.47%
• Portfolio turnover: 10%
• Brokerage commissions: 0.88 bps of average net assets (SEC N-CEN)

HFXE Cashflows

Over the 12 months to 2020-07, IQ 50 Percent Hedged FTSE Europe ETF had net inflows of $0, from monthly SEC N-PORT filings.

HFXE Debt Constituents

No individual debt constituents are reported in IQ 50 Percent Hedged FTSE Europe ETF's latest SEC N-PORT filing.

HFXE Prospectus and SEC Filings

Official IQ 50 Percent Hedged FTSE Europe ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-09-12
• Prospectus (485BPOS) — filed 2018-09-07
• Prospectus (485BPOS) — filed 2017-09-11
• Portfolio holdings (N-PORT) — filed 2020-09-28
• Portfolio holdings (N-PORT) — filed 2020-06-23
• Portfolio holdings (N-PORT) — filed 2020-03-27
• Annual census (N-CEN) — filed 2020-07-14
• Annual census (N-CEN) — filed 2019-07-12

Related Funds

Other Europe Blend / Core Equity funds tracked on ABC INVEST:

• iShares MSCI United Kingdom ETF (EWU)
• WisdomTree Europe Hedged Equity Fund (HEDJ)
• iShares MSCI Switzerland ETF (EWL)
• iShares MSCI Spain ETF (EWP)
• iShares MSCI Germany ETF (EWG)

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.