HGERHarbor All-Weather Inflation Focus ETF
HGER Fund Description
HGER tracks an index designed to provide broad exposure to inflation-sensitive commodities, selected and weighted based on fundamental and technical factors. The objective of the fund is to hedge inflation.
HGER Factset Analytics Insight
HGER attempts to diversify efficiently across commodities to target the most sensitive to US-CPI. The eligible universe consists of the 24 most liquid commodity futures. Each is scored for economic significance and quality. The score considers open interest, holding and trading costs, and inflation sensitivity. A minimum of 15 commodity futures are selected for inclusion. Selected commodities can range in weight in the portfolio 2-20%, except for gold which can have a maximum of 40%. Sector weights may vary 0-50%. The index utilizes a proprietary scarcity debasement indicator to determine the type of inflationary environment that exists, to which the weight to gold is adjusted accordingly. The index is reconstituted and reweighted quarterly. Index calculation is based on total return, which includes the futures returns plus returns from managing the fund’s cash collateral. The fund invests using excess return swaps through a wholly owned Cayman Islands subsidiary, avoiding K-1 tax forms.
HGER Summary Data
HGER Portfolio Data
HGER Index Data
HGER Portfolio Management
HGER Tax Exposures
HGER Fund Structure
HGER Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HGER. HGER is rated a 5 out of 5.
HGER Sector Breakdown
HGER Top 10 Targeted Commodity Weights
HGER Tenor Strategy
HGER uses a rules-based strategy for choosing contracts on a quarterly basis based on inflationary environment and best implied roll yield.
HGER Rolling Strategy
HGER rolls contracts between the 5th and 9th business day of each month based on pre-determined months of the respective commodity.
HGER Performance Statistics
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.