VectorShares Min Vol ETF

Frequently Asked Questions About VSPY

What does VSPY invest in?

The fund is an actively managed ETF that seeks to achieve its investment objective by utilizing a blended strategy that combines a fixed income allocation of approximately 90% with an options overlay of approximately 10% of the market value of the fund’s assets. The fixed income allocation is invested primarily in high quality debt instruments, including but not limited to corporate bonds, treasuries, and municipal bonds and/or ETFs that hold these high quality debt investments.

What is the expense ratio of VSPY?

VectorShares Min Vol ETF (VSPY) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.

What is VSPY's distribution yield?

VSPY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does VSPY's covered-call strategy work?

VSPY 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 VSPY?

VectorShares Min Vol ETF (VSPY) manages $15.7M 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 VSPY actively managed or an index fund?

VSPY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.