| Family: | Zega ETF |
| Name: | ZEGA Buy and Hedge ETF |
| Inception Date: | 6-Jul-2021 |
| Termination Date: | |
| Investment Objective: | The ZEGA Buy and Hedge ETF (ZHDG) is an actively-managed exchange-traded fund ( ETF ) that seeks to provide exposure to the U.S. large capitalization equity market, while mitigating overall market downside risk in the event of a major market decline. To achieve its investment objective, ZHDG invests in a combination of S&P 500 index options as well as fixed income or other income producing securities. The portion of the portfolio invested in equity index options provides long-term exposure to the equity markets, seeking upside potential while mitigating downside risk. The portion of the portfolio invested in yield-bearing positions seeks cash generation to purchase the equity options. ZHDG aims to limit equity losses to 8-10% in any 12-month period. The total portfolio may still experience losses in excess of the 8-10% target range over a 12-month period. The underlying yield-bearing investments may experience losses, but ZHDG seeks to limit those losses to 10% through its investments in purchased put options. |
| Prospectus | |
| Top 10 Holdings | ||
| SPY 12/31/2026 220.01 C | 75.7300% | |
| United States Treasury Bill 02/18/2027 | B 0 02/18/27 | 8.0400% |
| United States Treasury Bill 09/03/2026 | B 0 09/03/26 | 5.8800% |
| United States Treasury Note/Bond 2.375% 05/15/2027 | 912828X88 | 5.0400% |
| United States Treasury Bill 12/10/2026 | B 0 12/10/26 | 3.7100% |
| SPY US 06/30/27 P750 | 0.9600% | |
| SPY US 10/30/26 C795 | -0.5900% | |
| Cash & Other | 0.5000% | |
| SPY US 10/30/26 P760 | 0.4300% | |
| SPY US 10/30/26 C810 | 0.2300% | |
| Top 10 Holdings Weight: | 99.9% |
| Number of Holdings: | 13 |
| Shares Outstanding: | 1,475,000 |
| Total Net Assets: | 35,097,624 |
| NAV: | 23.83 |
| Net Expense Ratio: | 0.97% |
| Asset Class: | Equities (Stocks) |
| Developed or Emerging: | Developed Market Funds |
| Country: | US |
| Region: | |
| Strategy: | Downside Protection |
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| Market Cap: | Large Cap |
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| Is Currency Hedged: | No |
| US or Ex-US: | Domestic |
