ETF overview
HEGD seeks to invest in (one or more) ETFs that provide exposure to the US large-cap market, and hedges using put and call options as a defined risk strategy. The fund uses exchange-traded options on the S&P 500 Index. It invests in long-term put options for hedging purposes, and a combination of put and call options to increase income. Essentially, the portfolio contains an equity portion which is hedged with put options, combined with an actively managed option strategy that seeks additional returns and decrease volatility. As such, HEGD will also regularly engage in various spread option strategies. The fund intends to hold its ETF portfolio indefinitely, while the options are bought and sold when unfavorable risk is present. Rebalancing occurs annually.
Fund facts
- Expense ratio
- 0.88%
- Fund assets
- 740.17M USD (all share classes)
- Issuer
- Swan
- Inception date
- Dec 22, 2020
- Number of holdings
- 12
Breakdown
Holdings (12)
| Name | Ticker | Weight |
|---|---|---|
| State Street SPDR S&P 500 ETF Trust | SPY | 93.41% |
| SPX US 12/17/27 C7500 | 2.68% | |
| SPX US 12/17/27 P7400 | 2.19% | |
| SPX US 12/17/27 P7300 | 2.05% | |
| SPXW US 12/31/26 P7200 | 0.33% | |
| First American Government Obligations Fund 12/01/2031 | 0.32% | |
| SPXW US 12/31/26 P6500 | 0.14% | |
| SPXW US 10/30/26 P6900 | 0.07% | |
| SPXW US 10/30/26 P6300 | 0.04% | |
| SPXW US 10/30/26 P6600 | -0.10% | |
Similar ETFs
- AdvisorShares STAR Global Buy-Write ETFVEGA · Expense ratio 1.25%
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.88%
- Fund assets
- 740.17M USD (all share classes)
- Issuer
- Swan
- Inception date
- Dec 22, 2020
- Number of holdings
- 12
| Name | Ticker | Weight |
|---|---|---|
| State Street SPDR S&P 500 ETF Trust | SPY | 93.41% |
| SPX US 12/17/27 C7500 | 2.68% | |
| SPX US 12/17/27 P7400 | 2.19% | |
| SPX US 12/17/27 P7300 | 2.05% | |
| SPXW US 12/31/26 P7200 | 0.33% | |
| First American Government Obligations Fund 12/01/2031 | 0.32% | |
| SPXW US 12/31/26 P6500 | 0.14% | |
| SPXW US 10/30/26 P6900 | 0.07% | |
| SPXW US 10/30/26 P6300 | 0.04% | |
| SPXW US 10/30/26 P6600 | -0.10% | |
HEGD seeks to invest in (one or more) ETFs that provide exposure to the US large-cap market, and hedges using put and call options as a defined risk strategy. The fund uses exchange-traded options on the S&P 500 Index. It invests in long-term put options for hedging purposes, and a combination of put and call options to increase income. Essentially, the portfolio contains an equity portion which is hedged with put options, combined with an actively managed option strategy that seeks additional returns and decrease volatility. As such, HEGD will also regularly engage in various spread option strategies. The fund intends to hold its ETF portfolio indefinitely, while the options are bought and sold when unfavorable risk is present. Rebalancing occurs annually.
- AdvisorShares STAR Global Buy-Write ETFVEGA · Expense ratio 1.25%
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