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About Zega Buy & Hedge ETF
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Inception date
Jul 6, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863646605
ZHDG deviates from a buy-and-hold approach by actively managing option positions to provide long equity exposure and hedge risk. A small portion of the portfolio, limited to 8-10% annually, is used to provide long US large-cap equity exposure via equity options, options on S&P 500 ETFs, or FLEX options. While a significant portion of the portfolio is invested in income-generating securities such as investment grade or high yield bonds, preferred stocks, or ETFs. The advisors investment committee uses proprietary quantitative models and third party data to determine market risks and options probabilities. Individual buy and sell decisions are based on a set of rules. There are no limitations regarding duration or credit risks. Options may be used hedge downside risk or generate additional income. The income generated is used to help reduce the costs of the long options. Note, taxation at the fund level will differ depending on the type of options used.
Related funds
Classification
What's in the fund
Exposure type
Rights & Warrants
Government
Bonds, Cash & Other100.00%
Rights & Warrants71.67%
Government27.53%
Mutual fund0.78%
Cash0.01%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZHDG assets under management is 30.46 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZHDG invests in bonds. See more details in our Analysis section.
ZHDG expense ratio is 0.97%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZHDG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, ZHDG pays dividends to its holders with the dividend yield of 2.32%.
ZHDG shares are issued by Toroso Investments Topco LLC
ZHDG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 6, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.