New S&P500 downside protection active ETF filed

ZEGA Buy & Hedge ETF

Another ETF investing in the US market (like Innovator ETFs) that provides some downside protection. These products resonate with the older retail crowd that has gone through a couple of market meltdowns already, and now wanting to protect the nest egg they're preparing for retirement.

HEARSAY ETF Product Success Three Pillars Analysis

1. Investment merit: Makes sense to provide some protection (first 8-10% downside) due to great gains in broad market in past decade..

2. Commercial appeal: Yes, but competitive products already out their provide leverage on the upside, too. Will hinge on pricing.

3. Operational viability: Yes, but not clear if ETF is using only options?

Ticker: TBD

Exchange: TBD

Expense ratio:

Original filing date: April 13, 2021

Effective date: June 28, 2021

Listing Date: TBD

CUSIP: TBD

Active: Yes

Index / Benchmark: Not Applicable

 

Investment Objective:

Seeks long-term capital appreciation while mitigating overall market risk.

 

Investment Strategy / Index Methodology:

Exposure to S&P 500 via call and put options, ETFs, index options, with protection on first 8% - 10% downside.

 

Adviser: Toroso Investments, LLC

Sub-Adviser: ZEGA Financial, LLC / Mick Brokaw / Jay Pestrichelli

 

Administrator: Tidal ETF Services LLC  /  U.S. Bancorp Fund Services, LLC

doing business as U.S. Bank Global Fund Services

Fund accountant: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services

Transfer agent: U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services

Custodian: U.S. Bank National Association

Distributor: Foreside Fund Services, LLC

Legal counsel: Godfrey & Kahn, S.C.

External accounting: TBD

Prospectus is here.

 

MORE ETF HEARSAY

 

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