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Toews Agility Shares Hedged Risk ETF (HRSK) is a planned hedged equity exchange-traded fund from Toews Asset Management. The fund is designed around U.S. large-cap equity exposure combined with a dynamic hedge, with a stated objective of pursuing long-term growth of capital and income while limiting risk.

HRSK fits within Toews Asset Management's managed-risk investment approach. The firm describes its broader suite as including managed-risk ETFs, mutual funds, and model portfolios that seek market participation while mitigating the impact of severe market downturns. The HRSK strategy extends that approach into an ETF structure focused on hedged equity exposure.

The fund has also been described with a tax-aware seeding framework using a Section 351 ETF exchange, a structure intended to allow eligible appreciated securities to transition into an ETF strategy. For HRSK, that structure is tied to the fund's role as a hedged equity vehicle for investors and advisors seeking exposure to U.S. large-cap stocks with embedded risk-management mechanics.