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ZSPY ETF — Holdings & Analysis

ASYMmetric Smart Alpha S&P 500 ETF (ZSPY) is a equity ETF. 0.95% expense ratio, $221,330 AUM, inception 2023.

ASYMmetric Smart Alpha S&P 500 ETF (ZSPY) ETF — Price, Holdings & Analysis

ASYMmetric Smart Alpha S&P 500 ETF (ZSPY) is a equity ETF. 0.95% expense ratio, $221,330 AUM, inception 2023.

ETF Overview

The index employs a tactical allocation strategy by allocating to (i) high income equity asset classes, including Master Limited Partnerships (“MLPs”), Real Estate Investment Trusts (“REITs”), and utilities, and (ii) fixed income securities. Under normal market conditions, the fund will invest at least 80% of its total assets in securities and cash included in the index.
The index employs a tactical allocation strategy by allocating to (i) high income equity asset classes, including Master Limited Partnerships (“MLPs”), Real Estate Investment Trusts (“REITs”), and utilities, and (ii) fixed income securities. Under normal market conditions, the fund will invest at least 80% of its total assets in securities and cash included in the index. ASYMmetric Smart Alpha S&P 500 ETF provides exposure to the equity market. Sector allocation is spread across 11 sectors, with Technology as the largest at 28.9%.

Risk Metrics

ASYMmetric Smart Alpha S&P 500 ETF holds only 0 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. A beta of 0.00 indicates lower volatility relative to the broader market. The 0.95% expense ratio is above average and will reduce net returns over time. With $221,330 in assets, the fund may face liquidity constraints and wider bid-ask spreads.

Expense Ratio

0.95%

Top Holdings

Sector Allocation

  • Technology: 28.9%
  • Healthcare: 13.0%
  • Financial Services: 12.0%
  • Consumer Cyclical: 10.7%
  • Communication Services: 8.8%
  • Industrials: 8.6%
  • Consumer Defensive: 6.4%
  • Energy: 4.5%
  • Real Estate: 2.4%
  • Utilities: 2.4%
  • Basic Materials: 2.3%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is ASYMmetric Smart Alpha S&P 500 ETF (ZSPY)?

The index employs a tactical allocation strategy by allocating to (i) high income equity asset classes, including Master Limited Partnerships (“MLPs”), Real Estate Investment Trusts (“REITs”), and utilities, and (ii) fixed income securities. Under no With $221,330 in assets under management, it is a funds in its category.

What is the expense ratio for ZSPY?

ASYMmetric Smart Alpha S&P 500 ETF has an expense ratio of 0.95%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $95. Lower expense ratios generally lead to better long-term returns, all else being equal.

What are the top holdings in ZSPY?

The three largest positions in ASYMmetric Smart Alpha S&P 500 ETF are Apple Inc (AAPL, 6.7%), Microsoft Corp (MSFT, 6.0%), NVIDIA Corp (NVDA, 3.0%). Together these top three holdings represent 15.7% of the fund. The fund is relatively diversified across its holdings.

What sectors does ZSPY invest in?

ASYMmetric Smart Alpha S&P 500 ETF allocates across 11 sectors. The largest sector exposures are Technology (28.9%), Healthcare (13.0%), Financial Services (12.0%). The sector allocation provides broad market exposure across multiple industries.

How long has ZSPY been around?

ASYMmetric Smart Alpha S&P 500 ETF was launched in 2023, making it 3 years old. It is a relatively newer fund with a shorter track record.