ETF Evaluator: Toews Agility Shares Hedged Risk ETF () Follow This ETF

Toews Agility Shares Hedged Risk ETF Overview

Toews Agility Shares Hedged Risk ETF (HRSK) is an actively managed Nontraditional Equity Equity Hedged exchange-traded fund (ETF). Toews Corporation launched the ETF in 2026.

The investment seeks to provide long-term growth of capital and income, while limiting risk. The fund seeks exposure to the large-cap U.S. equity market primarily through investment in S&P 500 Index futures contracts, exchange traded funds (“ETFs”) that track the S&P 500 Index, and/or the component stocks of the S&P 500 Index.

About Toews Agility Shares Hedged Risk ETF (HRSK)

There are 4 members of the management team with an average tenure of 0.13 years: Jason Graffius (2026), Charles Collins (2026), Phillip Toews (2026) and Landon Gould (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

Toews Agility Shares Hedged Risk ETF has 121 securities in its portfolio. The top 10 holdings constitute 57.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Toews Agility Shares Hedged Risk ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Toews Agility Shares Hedged Risk ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3% There is 0.3% 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). Toews Agility Shares Hedged Risk ETF has 1.4% of the portfolio in cash.

Assets Under Management

The fund has $34 million in total assets, which is below the $294 million average for the Equity Hedged 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.

HRSK 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 Toews Agility Shares Hedged Risk ETF expense ratio is high compared to funds in the Equity Hedged category. Toews Agility Shares Hedged Risk ETF has an expense ratio of 0.95%, which is 24% higher than its category average, making the fund expense ratio grade a F. 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. Toews Agility Shares Hedged Risk ETF 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 97% for the Equity Hedged category.

Recently, in the month of July 2026, Toews Agility Shares Hedged Risk ETF returned 0.2%, which earned it a grade of C, as the Equity Hedged category had an average return of -1.4%. 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.

Toews Agility Shares Hedged Risk ETF has a trailing yield of 0.00%, which is below the 3.45% 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 Toews Agility Shares Hedged Risk ETF, including its riskiness, submit your email to unlock the rest of the article.