
ASYMmetric Smart Alpha S&P 500 ETF
Engineered to generate up to 2x the returns of the S&P 500 with similar risk.
What does ZSPY seek to offer investors?
ZSPY Overview
Goal: The Smart Alpha S&P 500 ETF is engineered to generate up to 2x the performance of the S&P 500 Index with a risk profile generally in line with the index. ZSPY seeks to accomplish these goals by being 200% long the S&P 500 Index in a bull market and being net short the S&P 500 Index in a bear market.
The Smart Alpha S&P 500 ETF provides a new take on leverage: leveraged upside with the potential for downside protection. ZSPY seeks to addresses the challenges of traditional leveraged products that seek daily leverage and are intended to be short-term trading products by offering leveraged period returns in a buy and hold strategy.
The Smart Alpha S&P 500 ETF is designed for investors with a higher risk tolerance who are looking to maximize returns, with the least amount of risk. ZSPY may be used as a source of portfolio alpha. We suggest considering a target allocation of 10- 25% of equities.
ZSPY 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.
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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.
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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.
ZSPY Details |
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Ticker | ZSPY |
Investment Adviser | ASYMmetric ETFs, LLC |
Inception Date | 2/1/2023 |
Exchange | NYSE |
Expense ratio | 0.95% |
CUSIP | 04651A200 |
NAV Symbol | ZSPY.NV |
IOPV Symbol | ZSPY.IV |
30 Day SEC yield* | N/A |
*As of 5/31/23
Fund Documents |
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Fact Sheet |
Report Card |
Investor Deck |
Summary Prospectus |
SAI |
Prospectus |
Premium Discount |
ZSPY Data & Pricing |
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Net Assets as of 06/08/2023 | $810,210.28 |
NAV | $27.01 |
Shares Outstanding | 30,000 |
Premium/discount Percentage | 0.01% |
Closing Price | $27.01 |
30 Day Median Bid/Ask Spread | 0.23% |
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.
ZSPY Performance |
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CUMULATIVE | |||||
As of 5/31/2023 | As of 3/31/2023 | ||||
1 Month | 3 Month | Since Inception | 1 Month | Since Inception | |
Market Price | 0.47% | 9.46% | 2.91% | 6.20% | -0.15% |
Fund NAV | 0.33% | 9.72% | 2.86% | 6.54% | -0.12% |
S&P 500® TR Index | 0.43% | 5.75% | 3.17% | 3.67% | 1.14% |
Capture Ratio | |||||
Market Price - S&P 500® | 109% | 165% | 92% | 169% | -13% |
NAV - S&P 500® | 77% | 169% | 90% | 178% | -11% |
Expense ratio: 0.95% |
Inception Date: 2/1/23 |
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.
ZSPY SECTOR BREAKDOWN
*As of 5/31/23
Portfolio allocations are subject to change.
S&P 500 INDEX SECTOR BREAKDOWN
*As of 5/31/23
Portfolio allocations are subject to change.
Top 10 Holdings |
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Percentage Of Net Assets | Name | Identifier | CUSIP | Shares Held | Market Value |
95.39 | SP500 MIC EMIN FUTJun23 | HWAM3 Index | HWAM3 INDEX | 36.00 | 774855.00 |
7.11 | APPLE INC | AAPL | 037833100 | 319.00 | 57726.24 |
6.86 | Cash & Other | Cash&Other | Cash&Other | 55710.78 | 55710.78 |
6.36 | MICROSOFT CORP | MSFT | 594918104 | 158.00 | 51632.82 |
2.84 | AMAZON COM INC | AMZN | 023135106 | 187.00 | 23081.41 |
2.68 | SP500 MIC EMIN FUTSep23 | HWAU3 Index | HWAU3 INDEX | 1.00 | 21743.75 |
2.48 | NVIDIA CORPORATION | NVDA | 67066G104 | 52.00 | 20160.40 |
1.91 | ALPHABET INC | GOOGL | 02079K305 | 127.00 | 15523.21 |
1.68 | ALPHABET INC | GOOG | 02079K107 | 111.00 | 13638.57 |
1.65 | TESLA INC | TSLA | 88160R101 | 55.00 | 13442.00 |
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.