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ASYMmetric Smart S&P 500 ETF

Engineered to generate S&P 500 returns with less risk.

What does ASPY seek to offer investors?

  • Protection: Designed to make money in bear markets.
  • Consistency: Seeks to generate positive returns across all market cycles.
  • Optimization: Engineered to provide uncorrelated returns.

ASPY Overview

Objective: ASYMshares™ ASYMmetric Smart S&P 500® ETF seeks to track the total return performance, before fees and expenses, of the ASYMmetric 500 Index.

The Index is a rules-based, quantitative long/short hedging strategy that seeks to provide protection against bear market losses, by being net short, and to capture the majority of bull market gains, by being net long, with respect to exposure to the S&P 500® Index.

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ASPY Current Risk Environment

RISK ENVIRONMENT

  • Risk Off
  • Risk Elevated
  • Risk On

*As of 5/31/23

Source: ASYMmetric Investment Solutions Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.

There is no guarantee principal protection will be achieved.

FUND EXPOSURE

*As of 5/31/23

Source: ASYMmetric Investment Solutions Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.

There is no guarantee principal protection will be achieved.

  • Walk WALK

Price Volatility Indicator

*As of 5/31/23

Source: ASYMmetric Investment Solutions. An index cannot be made into an investment. Unmanaged index returns do not reflect any fees, expenses or sales charges. The fund's investments are designed to respond to volatility relying on the proprietary model developed by the index provider, however, there may be factors which limit the accuracy of the model that may adversely affect the fund. Past performance is no guarantee of future results. 

  • Walk WALK

Price Momentum Indicator

*As of 5/31/23

Source: ASYMmetric Investment Solutions. An index cannot be made into an investment. Unmanaged index returns do not reflect any fees, expenses or sales charges. The fund's investments are designed to respond to volatility relying on the proprietary model developed by the index provider, however, there may be factors which limit the accuracy of the model that may adversely affect the fund. Past performance is no guarantee of future results. 

ASPY Details
Ticker ASPY
Investment Adviser ASYMmetric ETFs, LLC
Inception Date 3/9/2021
Exchange NYSE
Expense ratio 0.95%
CUSIP 04651A101
NAV Symbol ASPY.NV
IOPV Symbol ASPY.IV
30 Day SEC yield* NA

* As of 5/31/23

Fund Documents
Fact Sheet
Report Card
Investor Deck
Summary Prospectus
SAI
Prospectus
Semi-Annual Report
Annual Report
Premium Discount

ASPY Data & Pricing
Net Assets as of 06/08/2023 $24.05m
NAV $25.58
Shares Outstanding 940,000
Premium/discount Percentage 0.02%
Closing Price $25.59
30 Day Median Bid/Ask Spread 0.20%

Data as of 06/08/2023

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

ASPY Performance
CUMULATIVE
As of 5/31/2023 As of 3/31/2023
  1 Month YTD Since Inception 1 Month 3 Month 1 Year Since Inception
Market Price -4.19% -4.79% 1.45% 1.67% -0.68% -7.02% 5.83%
Fund NAV -4.21% -4.82% 1.40% 2.06% -0.49% -6.83% 6.01%
S&P 500® TR Index 0.43% 9.65% 11.68% 3.67% 7.50% -7.73% 9.49%
Capture Ratio              
Market Price - S&P 500® -974% -216% 12% 46% -9% 91% 61%
NAV - S&P 500® -979% -216% 12% 56% -7% 88% 63%
Expense ratio: 0.95%

Inception Date: 03/09/2021


Performance quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Any applicable brokerage commissions will reduce returns. Market price returns are based on the bid/ask spread at 4 p.m. ET. and do not represent the returns an investor would receive if shares were traded at other times.

ASPY SECTOR BREAKDOWN

*As of 5/31/23

Portfolio allocations are subject to change.

SPY SECTOR BREAKDOWN

*As of 5/31/23

Portfolio allocations are subject to change.

Distribution Detail
EX Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Total Distribution
12/29/2022 12/30/2022 01/03/2022 0.2341 0.0000 0.0000 0.2341
12/30/2021 12/31/2021 01/04/2022 0.0623 0.0000 0.0000 0.0623
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Top 10 Holdings
Percentage Of Net Assets Name Identifier CUSIP Shares Held Market Value
2.62 CONSOLIDATED EDISON INC ED 209115104 6743.00 630403.07
2.59 CF INDS HLDGS INC CF 125269100 9173.00 623488.81
2.42 REALTY INCOME CORP O 756109104 9538.00 580959.58
2.35 SMUCKER J M CO SJM 832696405 3676.00 564523.32
2.19 GENERAL MLS INC GIS 370334104 6402.00 526884.60
2.17 AT&T INC T 00206R102 32648.00 520735.60
2.16 VALERO ENERGY CORP VLO 91913Y100 4572.00 518419.08
2.15 HUNTINGTON INGALLS INDS INC HII 446413106 2398.00 516313.38
2.14 EXXON MOBIL CORP XOM 30231G102 4801.00 515579.39
2.14 ACTIVISION BLIZZARD INC ATVI 00507V109 6404.00 514753.52

Data as of 06/12/2023

Fund holdings and allocations are subject to change and are not recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk. Please refer to the Schedule of Investments contained in this report for a full listing of fund holdings.

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There is no guarantee the protection sought by the fund will be achieved.

All investing involves risk, including possible loss of principal. The performance of the Fund will depend on the difference in the rates of return between its long positions and short positions. During a rising market, when most equity securities and long-only equity ETFs are increasing in value, the Fund’s short positions will likely cause the Fund to underperform the overall U.S. equity market. When the Fund shorts securities, including securities of another investment company, it borrows shares of that security or investment company, which it then sells. There is no guarantee the Fund will be able to borrow the shares it seeks to short in order to achieve its investment objective. The Fund’s investments are designed to respond to volatility based on a proprietary model developed by the Index Provider which may not be able to accurately predict the future volatility of the S&P 500® Index. If the S&P 500® Index is rapidly rising during periods when the Index Provider’s volatility model has predicted significant volatility, the Fund may be underexposed to the S&P 500® Index due to its short position and the Fund would not be expected to gain the full benefit of the rise in the S&P 500® Index. Additionally, in periods of rapidly changing volatility, the Fund may not be appropriately hedged or may not respond as expected to current volatility. The Fund is not actively managed and the Adviser would not sell a security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index.

Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and a summary prospectus, copies of which may be obtained. Read the prospectus carefully before investing.

Foreside Fund Services, LLC, distributor.