{
 "ticker": "HEFT",
 "name": "Hedgeye Fourth Turning ETF",
 "issuer": "Hedgeye",
 "desk": "core",
 "url": "https://etfiq.com/funds/heft",
 "html": "https://etfiq.com/funds/heft",
 "markdown": "https://etfiq.com/funds/heft.md",
 "as_of": "2026-10-07",
 "verdict": "HEFT returned +6.1% since it first traded on Nov 21, 2025.",
 "category": {
  "id": "allocation",
  "name": "Allocation",
  "label": "Allocation ETFs",
  "url": "https://etfiq.com/allocation/",
  "group": {
   "id": "allocation",
   "name": "Allocation"
  },
  "segment": {
   "id": "moderate",
   "name": "Moderate",
   "url": "https://etfiq.com/allocation/moderate/"
  },
  "status": "classified",
  "as_of": "2026-10-08",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+6.1%",
   "source": null,
   "as_of": "2026-10-07",
   "sentence": "HEFT, total return, since launch: +6.1%, as of Oct 7, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.70%",
   "source": null,
   "as_of": "2026-10-07",
   "sentence": "HEFT, expense ratio: 0.70%, as of Oct 7, 2026."
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "33",
   "source": null,
   "as_of": "2026-10-07",
   "sentence": "HEFT, holdings: 33, as of Oct 7, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22125.2%",
   "source": null,
   "as_of": "2026-10-07",
   "sentence": "HEFT, below its high: \u22125.2%, as of Oct 7, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$84m",
   "source": "SEC filing, whole fund, as filed for Jul 31, 2026",
   "as_of": "2026-10-07",
   "sentence": "HEFT, net assets: $84m (SEC filing, whole fund, as filed for Jul 31, 2026)."
  }
 ],
 "fields": [
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Allocation fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Allocation \u00b7 Moderate",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.70%",
   "source": "485BPOS XBRL, Nov 5, 2025"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$26.57",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Nov 21, 2025",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$84m",
   "source": "SEC filing, whole fund, as filed for Jul 31, 2026"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22125.2%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "33",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "66.5%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jul 31, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "7.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "1.0%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+1.2%",
   "S&P 500": "+4.5%",
   "Gap to S&P 500": "\u22123.3 pts",
   "Gap to Nasdaq-100": "\u22125.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+0.5%",
   "S&P 500": "+15.6%",
   "Gap to S&P 500": "\u221215.1 pts",
   "Gap to Nasdaq-100": "\u221224.8 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+6.1%",
   "S&P 500": "+19.2%",
   "Gap to S&P 500": "\u221213.1 pts",
   "Gap to Nasdaq-100": "\u221222.9 pts"
  }
 ],
 "questions": [
  {
   "q": "What does HEFT cost?",
   "a": "The prospectus expense ratio is 0.70% a year."
  },
  {
   "q": "What does HEFT hold?",
   "a": "33 positions as filed for Jul 31, 2026, with the top ten at 66.5% of the fund. 7% of its weight is in stocks the S&P 500 also holds."
  },
  {
   "q": "How far is HEFT below its high?",
   "a": "5.2% below its high of Jan 28, 2026, measured on the reinvested series to Oct 7, 2026."
  }
 ],
 "generated": "2026-10-08",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, HEFT, allocation fund, data as of Oct 7, 2026. https://etfiq.com/funds/heft"
}