- What does HEDG invest in?
- HEDG is a fund-of-funds, aiming to generate income and mitigate downside risk through a covered call option-writing strategy. The fund invests in equity securities based on the S&P 500 index, using either ETFs or direct stock purchases. It writes covered call options on these securities to earn premiums, which provide partial downside protection while limiting potential gains. Options positions are typically rolled quarterly. To maintain liquidity or meet redemptions, the fund may hold cash, cash equivalents, ETFs, or money-market funds, capped at 20%. Additionally, assets may fully shift to the same short-term instrumetns in response to adverse market conditions. Prior to October 13, 2025, HEDG was a mutual fund called Equable Shares Hedged Equity Fund before converting to an ETF structure, starting with $275.2 million in assets.
- What is the expense ratio of HEDG?
- Equable Shares Hedged Equity ETF (HEDG) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.
- What is HEDG's distribution yield?
- HEDG's trailing-twelve-month yield is 0.98%, calculated from the sum of distributions over the past year divided by the current price.
- How does HEDG's covered-call strategy work?
- HEDG sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is HEDG?
- Equable Shares Hedged Equity ETF (HEDG) manages $301.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is HEDG actively managed or an index fund?
- HEDG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
