Summary
Hedgeye Fourth Turning ETF is an ETF - a fund traded on an exchange like a stock - run by Hedgeye. Positions inside: 65. The ten largest make up 81% of the fund.
- Yearly costs
- 0.70%
- Fund size
- $79.4M
- Positions
- 65
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 81% of the fund, so its result rests on a few names.
- Costs of 0.70% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2025.
- A small fund with $79.4M under management; small funds get closed more often.
- It trades little: only about $578.6K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +0.5%
- 3 months
- +1.0%
- This year
- +5.1%
- Avg. market cap
- $262.4B
- P/E
- 26.9x
- Forward P/E
- 21.9x
- P/S
- 1.8x
- P/B
- 5.4x
- P/FCF
- 22.5x
- EV/EBITDA
- 18.0x
- Dividend yield
- 2.42%
- ROIC
- 16.0%
- ROE
- 21.6%
- Gross margin
- 52.9%
- Operating margin
- 26.0%
- Net margin
- 17.9%
- Payout ratio
- 65.2%
- Net debt/EBITDA
- 2.2x
- Beta
- 0.16
Weighted average of the 14 largest companies, which make up 17% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 VTVanguard Total Stock Market Index Fund VTI 15%
- 2 CEState Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF CERY 11%
- 3 First American Government Obligations Fund 12/01/2031 11%
- 4 DBiMGP DBi Managed Futures Strategy ETF DBMF 10%
- 5 Cash & Other 9.5%
- 6 UTUS Treasury 2 Year Note ETF UTWO 9.3%
- 7 ICiShares Ultra Short Duration Bond Active ETF ICSH 6.5%
- 8 XLEnergy Select Sector SPDR Fund XLE 3.3%
- 9 XLState Street Technology Select Sector SPDR ETF XLK 2.9%
- 10 LVFranklin U.S. Low Volatility High Dividend Index ETF LVHD 2.6%
Positions in the fund: 65. The ten largest make up 81% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy country
- United States 78%
- Canada 1.2%
- United Kingdom 1.0%
- Other countries 21%
Largest country: United States (78%).
What does it cost me?
Expensive- A year from $10,000
- $70.00
- Over 20 years
- $3,322
From every $10,000 invested the fund takes $70.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,322.
How has it done?
- Deepest drop
- -9.2%
- Yearly volatility
- 11%
It has traded for less than a year, too short to judge.
Does it pay dividends?
We have no record of payments from this fund.
Is it easy to buy and sell?
It trades little- Traded a day
- $578.6K
- Shares a day
- 22K
On an average day about $578.6K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 26.9
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 12%
- Fairly valued 36%
- Overvalued 53%
On average the companies inside trade for 26.9 times their yearly profit. By Fair Price, 53% of the rated weight comes out as overvalued.
Counted from its largest companies (14), which make up 17% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.