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ASYMmetric Smart Alpha S&P 500 ETF (ZSPY)

Engineered to generate up to 2x the returns of the S&P 500 with similar risk.

What does ZSPY seek to offer investors?

  • Greater Alpha: ZSPY’s first position, Risk-On, aims to deliver 2x the performance of the S&P 500 when in a bull market.
  • Preserve: The fund’s second position, Risk-Elevated, aims to preserve capital in an uncertain market.
  • Protect: In Risk-Off situations, the fund aims to protect capital and even the ability to profit during a bear market.

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 2/28/23

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 2/28/23

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 2/28/23

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 2/28/23

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
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 2/28/23

Fund Documents
Fact Sheet
Summary Prospectus
SAI
Prospectus

ZSPY Data & Pricing
Net Assets as of 03/21/2023 $713,347.83
NAV $23.78
Shares Outstanding 30,000
Premium/discount Percentage 0.02%
Closing Price $23.78
30 Day Median Bid/Ask Spread 0.34%

Data as of 03/21/2023

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
CUMULATIVE
As of 3/31/2023 As of 3/31/2023
  1 Month YTD Since Inception 1 Month 3 Month 1 Year Since Inception
Market Price 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Fund NAV 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
S&P 500® TR Index 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Capture Ratio              
Market Price - S&P 500® 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NAV - S&P 500® 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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 2/28/23

Portfolio allocations are subject to change.

S&P 500 INDEX SECTOR BREAKDOWN

* As of 2/28/23

Portfolio allocations are subject to change.

Top 10 Holdings
Percentage Of Net Assets Name Identifier CUSIP Shares Held Market Value
104.66 SP500 MIC EMIN FUTJun23 HWAM3 Index HWAM3 INDEX 37.00 746613.75
13.22 Cash & Other Cash&Other Cash&Other 94322.26 94322.26
6.45 APPLE INC AAPL 037833100 289.00 46031.92
5.60 MICROSOFT CORP MSFT 594918104 146.00 39971.88
2.48 AMAZON COM INC AMZN 023135106 176.00 17707.36
1.80 NVIDIA CORPORATION NVDA 67066G104 49.00 12837.51
1.65 ALPHABET INC GOOGL 02079K305 112.00 11751.04
1.58 TESLA INC TSLA 88160R101 57.00 11262.06
1.53 BERKSHIRE HATHAWAY INC DEL BRK/B 084670702 36.00 10938.60
1.48 ALPHABET INC GOOG 02079K107 100.00 10584.00

Data as of 03/22/2023

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.

DOWNLOAD FULL HOLDINGS

Definitions
Alpha: the portion of return from an investment that's incrementally more than a benchmark index, in this case the S&P 500.
Risk-On (bull market): S&P 500 is trending up and has low realized volatility.
Risk-Elevated (uncertain market): S&P 500 is trending down and has low realized volatility.
Risk-Off (bear market): S&P 500 is trending down and has high realized volatility.

Important Fund Risks

There is no guarantee the Fund’s investment strategy will be a success or that the protection sought by the fund will be achieved. Investment loss is possible. 

New Fund Risk: The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Leverage Risk: The Fund will invest in futures as a principal investment strategy. Futures and other derivative investments give rise to a form of leverage. Leverage is investment exposure that exceeds theinitial amount invested. The loss on a leveraged investment may far exceed the Fund’s principal amount invested. Leverage can magnify the Fund’s gains and losses and therefore increase its volatility. Long/Short Risk: The performance of the Fund will depend on the difference in the rates of return between its long positions and short positions. Unlike with a long position, losses on a short position could be much greater if the value of the security that the Fund is shorting increases because the cost of covering a short position is potentially unlimited. Volatility Risk: The Fund’s investments are designed to respond to historical or realized volatility based on a proprietary model developed and implemented by the Index Provider, which is not intended to 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. In periods of extreme market volatility, the Index’s strategy, and consequently the Fund, may underperform due to the backward-looking nature of the Index's model.

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 at asymhares.com. Read the prospectus carefully before investing.

Distributor: Foreside Fund Services, LLC.