What this ETF is trying to do

The Hedgeye Index Adds (ADDS) is an exchange-traded fund (ETF) listed on the NYSE. It holds a variety of companies to track a specific index. Based on its Top Holdings, the fund has exposure to companies in energy, technology, and healthcare.

What the numbers show

As of October 2, 2026, the current price of one share is $25.91.

There is currently no data supplied for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

The fund holds a total of 40 assets. As of October 7, 2026, the top holdings include:

• Cheniere Energy Inc: 12.89%

• Illumina Inc: 12.2%

• Bloom Energy Corp Class A: 11.09%

• ATI Inc: 9.51%

• Venture Global Inc Ordinary Shares Class A: 5.38%

• TechnipFMC PLC: 5.31%

• Astera Labs Inc: 4.95%

• Zoom Communications Inc: 4.77%

• Credo Technology Group Holding Ltd: 4.57%

• Twilio Inc Class A: 4.17%

Please note that these holdings can change over time.

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no distributions detected in the last 12 months. This means the fund does not currently pay out cash to investors. Because of this, it has an income rating grade of "F."

NAV erosion explanation

NAV erosion happens when the net asset value of a fund declines over time, which can eat away at an investor's principal. In this case, the severe erosion-risk flag is false, meaning the specific warning triggers for price deterioration were not met. However, as mentioned before, there is not enough price history to provide a formal erosion-risk score.

Pros

• The fund provides diversified exposure across several different companies and industries.

• It does not currently have a severe erosion-risk flag.

Cons

• The fund does not provide any cash income or distributions.

• There is a lack of available historical return data (YTD, 1-year, and 3-year).

Beginner takeaway

ADDS is a fund for investors who are not looking for regular cash payments, as its distribution yield is 0%. When looking at any ETF, it is important to remember that a high yield alone can be misleading if the share price is falling. While this fund does not have a high yield, investors should always check both the price return and the total return to see how an investment is performing overall.