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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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Government
Bonds, Cash & Other100.00%
Rights & Warrants73.07%
Government22.88%
Mutual fund4.03%
Cash0.02%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZHDG last dividends amounted to 0.53 USD. The year before, the issuer paid 0.27 USD in dividends, which shows a 48.90% increase.
ZHDG assets under management is 29.31 M USD. It's risen 5.45% over the last month.
ZHDG fund flows account for −7.84 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZHDG pays dividends to its holders with the dividend yield of 2.32%. The last dividend (Dec 27, 2024) amounted to 0.53 USD. The dividends are paid annually.
ZHDG shares are issued by Toroso Investments Topco LLC under the brand ZEGA. The ETF was launched on Jul 6, 2021, and its management style is Active.
ZHDG expense ratio is 0.97% meaning you'd have to pay 0.97% of your investment to help manage the fund.
ZHDG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZHDG invests in bonds.
ZHDG price has risen by 4.83% over the last month, and its yearly performance shows a 12.70% increase. See more dynamics on ZHDG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.61% over the last month, showed a 10.14% increase in three-month performance and has increased by 16.20% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.61% over the last month, showed a 10.14% increase in three-month performance and has increased by 16.20% in a year.
ZHDG trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.