ZEGA Buy and Hedge ETF (ZHDG)
About ZEGA Buy and Hedge ETF (ZHDG)
The Fund is an actively-managed exchange-traded fund (ETF) that seeks to provide exposure to the U.S. large capitalization equity market, while mitigating overall market downside risk in the event of a major market decline. To achieve its investment objective, the Fund invests in a combination of options, as well as fixed income securities, or other income producing securities, including preferred shares, through ETFs or other investment companies or through direct investments. In pursuing the Funds investment objective, ZEGA Financial, LLC (ZEGA or the Sub-Adviser), the Funds investment sub-adviser, seeks to achieve exposure to the performance of the U.S. large capitalization equity market, generally recognized as the S&P 500 Index (the S&P 500), through call index options, call options on the SPDR S&P 500 ETF Trust (SPY) or other ETFs that track the S&P 500, and FLexible EXchange Options (FLEX Options) (collectively, S&P 500 options). The Funds S&P 500 option positions will represent 100 percent notional exposure to the S&P 500.
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ZEGA Buy and Hedge ETF News
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Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website. Please read the prospectus carefully prior to investing.
Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.