Zega Buy & Hedge ETF

Frequently Asked Questions About ZHDG

What does ZHDG invest in?

The Zega Buy & Hedge ETF (ZHDG) employs a multi-faceted investment approach, allocating capital across a blend of options, alongside fixed-income instruments, and other income-generating assets, such as preferred stock. These investments can be made directly or indirectly via exchange-traded funds (ETFs) and other pooled investment vehicles. Its sub-adviser specifically targets exposure to the performance of the U.S. large-cap equity market, typically benchmarked against the S&P 500 Index. This is accomplished through the use of various call options, including index call options, call options on the SPDR S&P 500 ETF Trust (SPY) or similar S&P 500-tracking ETFs, and Flexible EXchange® (FLEX) Options. Notably, this fund operates on a non-diversified basis.

What is the expense ratio of ZHDG?

Zega Buy & Hedge ETF (ZHDG) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

What is ZHDG's dividend yield?

ZHDG's trailing-twelve-month yield is 2.43%, calculated from the sum of dividends over the past year divided by the current price.

How big is ZHDG?

Zega Buy & Hedge ETF (ZHDG) manages $30.9M 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 ZHDG actively managed or an index fund?

ZHDG is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ZHDG's is 0.95%) because there's no security selection cost.

When was ZHDG launched?

Zega Buy & Hedge ETF (ZHDG) launched in July 2021 and is managed by ZEGA.