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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.4% | ▲ +0.4% | ▲ +1.3% | ▲ +6.9% | ▲ +6.0% | ▲ +51.0% | ▲ +46.4% | ▲ +67.1% |
| Peer average | ▼ −0.2% | ▲ +0.3% | ▲ +1.5% | ▲ +7.3% | ▲ +7.1% | ▲ +55.1% | ▲ +55.3% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| SPYState Street SPDR S&P 500 ETF Trust | Reported holding | 93.62% |
| SPX US 12/17/27 C7500 | Reported holding | 2.67% |
| SPX US 12/17/27 P7400 | Reported holding | 2.10% |
| SPX US 12/17/27 P7300 | Reported holding | 1.96% |
| First American Government Obligations Fund 12/01/2031 | Reported holding | 0.32% |
| SPXW US 12/31/26 P7200 | Reported holding | 0.25% |
| Cash & Other | Reported holding | 0.23% |
| SPXW US 12/31/26 P6500 | Reported holding | 0.09% |
| SPXW US 10/30/26 P6900 | Reported holding | 0.00% |
| SPXW US 10/30/26 P6300 | Reported holding | 0.00% |
| SPXW US 10/30/26 P6600 | Reported holding | -0.00% |
| SPXW US 12/31/26 P6850 | Reported holding | -0.28% |
| SPX US 12/17/27 C8500 | Reported holding | -0.95% |
HEGD seeks to invest in (one or more) ETFs that provide exposure to the US large-cap market, and hedges using put and call options as a defined risk strategy. The fund uses exchange-traded options on the S&P 500 Index. It invests in long-term put options for hedging purposes, and a combination of put and call options to increase income. Essentially, the portfolio contains an equity portion which is hedged with put options, combined with an actively managed option strategy that seeks additional returns and decrease volatility. As such, HEGD will also regularly engage in various spread option strategies. The fund intends to hold its ETF portfolio indefinitely, while the options are bought and sold when unfavorable risk is present. Rebalancing occurs annually.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2025-12-23 | 2025-12-24 | $0.09 |
| 2024-12-27 | 2024-12-30 | $0.10 |
| 2023-12-28 | 2024-01-02 | $0.08 |
| 2022-12-29 | 2023-01-03 | $0.15 |
| 2021-12-29 | 2021-12-31 | $0.06 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind HEGD.