New Actively-Managed ETF filed: Acruence from San Antonio, TX

Acruence Active Hedge U.S. Equity ETF

Ticker: XVOL
Exchange: NYSE arca
Expense ratio: 0.83%
Original filing date: January 20, 2021
Effective date: April 5, 2021
Listing Date: April 22, 2021
CUSIP: 886364744
 
Active: Yes
Index: Not Applicable

Investment Objective: Capital appreciation with reduced volatility relative to S&P 500.

Investment Strategy: Invest in S&P 500 constituents and VIX options.

VIX options:

• via Cayman Islands subsidiary, up to 20% fund's assets
• do not generate good income to qualify as RIC
• < 6 months maturity
• Monthly basis duration, possible weekly
• Primarily call options, put options possible
• 1/12 of annual allocation of 2% to 5% of fund's assets

 
Adviser: Toroso Investments, LLC
Sub-Adviser: Acruence Capital, LLC (Rob Emrich III, founder)

 
Constituents: S&P 500 constituents + VIX options with <6 months m
Prospectus is here.

Prospectus update is here.
 

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vestors.