# Zega Buy & Hedge ETF (ZHDG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/zhdg for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: ZEGA · Asset class: Multi-Asset - Strategy: Passive Index · Inception: 2021-07-06 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 optio... ## Key Facts | Metric | Value | |---|---| | Price | $23.90 | | Expense Ratio | 0.95% | | Assets Under Management | $31.1M | | NAV | $23.90 | | Holdings Count | 0 | | Distribution Yield (TTM) | 2.43% | | Annual Distribution (TTM) | $0.58 /share | | Distribution Frequency | Annual | | 52-Week Range | $20.85 – $24.49 | | Beta | 0.80 | ## Latest Distribution - Amount: $0.5805 /share - Ex-date: 2025-12-24 - Pay date: 2025-12-26 ## Frequently Asked Questions ### 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 $31.1M 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. ### Does ZHDG pay a dividend? Yes, Zega Buy & Hedge ETF (ZHDG) distributes dividends to shareholders. The trailing-twelve-month yield is 2.43%. Full dividend history is on this page. ### How often does ZHDG pay dividends? Zega Buy & Hedge ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is ZHDG's next ex-dividend date? The most recently announced ex-dividend date for ZHDG was 2025-12-24. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ZHDG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ZHDG charge its expense ratio? The expense ratio is deducted in tiny daily slices from ZHDG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ZHDG cost more than a fund like VOO? ZHDG is a passive index fund (current expense ratio 0.95%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to ZHDG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ZHDG (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/zhdg - Distribution history: https://www.dividenddata.com/funds/zhdg/dividend - Holdings & diversification: https://www.dividenddata.com/funds/zhdg/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/zhdg/expenses - Peer comparison: https://www.dividenddata.com/funds/zhdg/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.