About Tidal ETF Trust Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

The Tidal ETF Trust Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is an exchange-traded fund (ETF) that seeks to provide investors with exposure to a diversified portfolio of hedge fund strategies. The ETF is designed to track the performance of the HFRI Fund Weighted Composite Index (HFRI FWI), which is comprised of over 2,000 hedge funds across various strategies and asset classes. By investing in HFND, investors gain access to a wide range of hedge fund strategies, including long/short equity, event-driven, global macro, and managed futures.

HFND offers investors a unique opportunity to access the potential benefits of hedge fund strategies without the usual barriers to entry, such as high investment minimums and illiquidity. The fund provides daily liquidity, transparent holdings, and a lower expense ratio compared to traditional hedge funds. HFND also offers the potential for enhanced diversification and risk-adjusted returns, as it combines multiple strategy indices into a single ETF. The fund's multi-strategy approach aims to capture the risk premiums associated with different hedge fund strategies while minimizing the impact of individual strategy-specific risks.