ETF Evaluator:
Mast HedgeIndex Strategic CommoditiesETF (HXC)
Follow This ETF
(as of )
Best Performing in Commodities Broad Basket Over the Last Year
| 61.4% | VanEck Commodity Strategy ETF (PIT) |
| 61.1% | DB Commodity Long ETN (DPU) |
| 51.3% | Harbor Commodity All-Weather StrategyETF (HGER) |
| 49.1% | iShares S&P GSCI Commodity-Indexed Trust (GSG) |
| 48.3% | iPath® Bloomberg Cmdty TR ETN (DJP) |
Risk
Index
Risk
Index
ETF Details
Mast HedgeIndex Strategic CommoditiesETF Overview
Mast HedgeIndex Strategic CommoditiesETF (HXC) is an actively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). Mast Investments launched the ETF in 2026.
The investment seeks to outperform the Bloomberg Commodity Index.
The fund seeks to achieve its investment objective by investing directly and/or indirectly through its wholly-owned subsidiary organized under the laws of the Cayman Islands (the “Subsidiary”) in securities and commodity-linked derivative instruments including, but not limited to, commodity-linked notes; total return swaps, options, and forward contracts based on the value of commodities or commodities indexes; and commodity futures. It is non-diversified.
About Mast HedgeIndex Strategic CommoditiesETF (HXC)
There are 3 members of the management team with an average tenure of 0.03 years: Yung-Shin Kung (2026), Christopher Mullen (2026) and Brett Johnson (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Mast HedgeIndex Strategic CommoditiesETF has 20 securities in its portfolio. The top 10 holdings constitute 38.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Mast HedgeIndex Strategic CommoditiesETF is part of the Real Assets global asset class and is within the Commodities ETF group. Mast HedgeIndex Strategic CommoditiesETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Mast HedgeIndex Strategic CommoditiesETF has 55.7% of the portfolio in cash.
Assets Under Management
The fund has $31 million in total assets, which is below the $906 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HXC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Mast HedgeIndex Strategic CommoditiesETF expense ratio is above average compared to funds in the Commodities Broad Basket category. Mast HedgeIndex Strategic CommoditiesETF has an expense ratio of 0.69%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Mast HedgeIndex Strategic CommoditiesETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.
Recently, in the month of August 2026, Mast HedgeIndex Strategic CommoditiesETF returned 0.0%, which earned it a grade of NA, as the Commodities Broad Basket category had an average return of 6.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Mast HedgeIndex Strategic CommoditiesETF has a trailing yield of 0.00%, which is below the 4.61% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Mast HedgeIndex Strategic CommoditiesETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
HXC Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HXC Return (NAV) | na | na | na | na | na | na |
| HXC Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Commodities Broad Basket Avg | 6.7% | 4.9% | 38.0% | 15.3% | 13.3% | 9.3% |
| HXC Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| HXC Tax-Cost Ratio | na | na | na | na | na | na |
HXC Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HXC Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| HXC Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Commodities Broad Basket Avg | 30.3% | 15.5% | 7.4% | -4.2% | 15.9% | 31.9% | -4.8% | 7.3% | -10.7% | 5.9% | 11.7% |
| HXC Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 31 Mil |
| Share Class Assets: | $ 31 Mil |
| Turnover: | na |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Kung Yung-Shin (2026), Mullen Christopher (2026), Johnson Brett (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 20 |
| % in Top 10 Holdings: | 38.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 44.3% |
| Cash: | 55.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Mast Investments |
| Phone Number: | 833-829-0010 |
| Website: | www.fpafunds.com |
| Inception Date: | August 20, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.66% |
