Equable Shares Completes Tax-Free Conversion of EQHEX Mutual Fund into the Equable Shares Hedged Equity ETF trading as HEDG on the NYSE Arca
Equable Shares (HEDG) completed a tax-free conversion of the hedged equity mutual fund EQHEX into the Equable Shares Hedged Equity ETF, which began trading on October 13, 2025 on NYSE Arca under the ticker HEDG.
Shareholders automatically received HEDG shares in a tax-free exchange while retaining the same investment exposure, strategy, management team, and the mutual fund's historical performance track record. The ETF remains actively managed by the same Equable Shares investment team and keeps its investment objective and risk management framework.
Strategy overview: HEDG targets long-term capital appreciation with reduced volatility by holding S&P 500 exposure via ETFs and applying a systematic options overlay comprising covered call writing and put spread hedging.
Advisor: Teramo Advisors LLC.
Equable Shares (HEDG) ha completato una conversione esente da imposte del fondo comune di azioni coperte EQHEX in l'ETF Equable Shares Hedged Equity, che ha iniziato a negoziare il 13 ottobre 2025 su NYSE Arca con il ticker HEDG.
Gli azionisti hanno automatico ricevuto azioni HEDG in uno scambio esente da imposte mantenendo la stessa esposizione all'investimento, strategia, team di gestione e lo storico delle prestazioni del fondo comune. L'ETF rimane gestito attivamente dalla stessa squadra di investimento di Equable Shares e conserva l'obiettivo di investimento e il framework di gestione del rischio.
Panoramica strategica: HEDG punta a una rivalutazione del capitale a lungo termine con volatilità ridotta mantenendo l'esposizione allo S&P 500 tramite ETF e applicando una sovrapposizione sistematica di opzioni che comprende la scrittura di call coperte e l'hedging con spread di put.
Consulente: Teramo Advisors LLC.
Equable Shares (HEDG) completó una conversión libre de impuestos del fondo mutuo de acciones cubiertas EQHEX en el ETF Equable Shares Hedged Equity, que comenzó a cotizar el 13 de octubre de 2025 en NYSE Arca bajo el ticker HEDG.
Los accionistas recibieron automáticamente acciones HEDG en un intercambio libre de impuestos manteniendo la misma exposición de inversión, estrategia, equipo de gestión y el historial de rendimiento del fondo mutuo. El ETF continúa siendo gestionado activamente por el mismo equipo de inversión de Equable Shares y conserva su objetivo de inversión y marco de gestión de riesgos.
Resumen de la estrategia: HEDG busca una apreciación de capital a largo plazo con menor volatilidad al mantener exposición al S&P 500 a través de ETFs y aplicar una superposición sistemática de opciones que comprende la escritura de calls cubiertos y la cobertura con spreads de puts.
Asesor: Teramo Advisors LLC.
Equable Shares (HEDG)가 EQHEX 헷지 주식형 뮤추얼 펀드를 세금 miễn 변환하여 Equable Shares Hedged Equity ETF로 바꿨으며, 2025년 10월 13일에 NYSE Arca에서 HEDG Ticker로 거래를 시작했습니다.
주주들은 세금 면제 교환으로 자동으로 HEDG 주식을 받았고, 동일한 투자 노출, 전략, 관리 팀, 뮤추얼 펀드의 과거 성과를 유지합니다. ETF는 같은 Equable Shares 투자 팀이 적극적으로 관리하며 투자 목표와 리스크 관리 프레임워크를 유지합니다.
전략 개요: HEDG는 ETF를 통해 S&P 500 노출을 보유하고 체계적 옵션 오버레이를 적용해 커버드 콜 작성 및 풋 스프레드 헤지로 변동성을 낮추며 장기 자본 상승을 목표로 합니다.
자문: Teramo Advisors LLC.
Equable Shares (HEDG) a terminé une conversion sans impôt du fonds commun de placement actions couvert EQHEX en l'ETF Equable Shares Hedged Equity, qui a commencé à être négocié le 13 octobre 2025 sur le NYSE Arca sous le symbole HEDG.
Les actionnaires ont automatiquement reçu des actions HEDG dans le cadre d'un échange sans impôt tout en conservant la même exposition d'investissement, la même stratégie, l'équipe de gestion et l'historique de performance du fonds. L'ETF demeure activement géré par la même équipe d'investissement d'Equable Shares et conserve son objectif d'investissement et son cadre de gestion des risques.
Aperçu de la stratégie : HEDG vise une appréciation du capital à long terme avec une volatilité réduite en détenant une exposition au S&P 500 via des ETF et en appliquant une superposition systématique d'options comprenant l'écriture de calls couverts et la couverture par spreads de puts.
Conseiller : Teramo Advisors LLC.
Equable Shares (HEDG) hat die steuerfreie Umwandlung des Hedged Equity Mutual Fund EQHEX in den Equable Shares Hedged Equity ETF abgeschlossen, der am 13. Oktober 2025 an der NYSE Arca unter dem Ticker HEDG zu handeln begann.
Die Aktionäre erhielten automatisch HEDG-Aktien in einem steuerfreien Austausch, während sie weiterhin derselben Anlagestrategie, dem gleichen Managementteam und der historischen Performance des Fonds treu blieben. Der ETF wird weiterhin vom gleichen Equable Shares Investmentteam aktiv verwaltet und behält sein Anlageziel und seinen Risikomanagementrahmen bei.
Strategieüberblick: HEDG zielt auf langfristige Kapitalwertsteigerung bei reduzierter Volatilität durch Halten von S&P 500-Exposure über ETFs und die Anwendung eines systematischen Options-Overlays, das Covered-Call-Schreiben und Put-Spread-Hedging umfasst.
Berater: Teramo Advisors LLC.
Equable Shares (HEDG) أكملت تحويلًا خاليًا من الضرائب لصندوق الأسهم الم hedged مع EQHEX إلى صندوق ETF Equable Shares Hedged Equity، الذي بدأ التداول في 13 أكتوبر 2025 في NYSE Arca تحت الرمز HEDG.
تلقى المساهمون تلقائيًا أسهم HEDG في تبادل خالٍ من الضرائب مع الاحتفاظ بنفس التعرض الاستثماري، الاستراتيجية، فريق الإدارة والأداء التاريخي للصندوق المقارن. لا يزال الـ ETF مُدارًا بنشاط من قبل الفريق الاستثماري نفسه في Equable Shares ويحافظ على هدفه الاستثماري وإطار إدارة المخاطر.
نظرة عامة على الاستراتيجية: تستهدف HEDG زيادة رأس المال على المدى الطويل مع تقليل التقلب من خلال الاحتفاظ بتعرض S&P 500 عبر ETFs وتطبيق طبقة خيارات منهجية تتألف من كتابة خيارات مكشوفة وتغطية بفروقات البيع.
المستشار: Teramo Advisors LLC.
Equable Shares (HEDG) 已完成将对冲股票型共同基金 EQHEX 的税务豁免转换为 Equable Shares Hedged Equity ETF，该ETF于 2025 年 10 月 13 日 在 NYSE Arca 开始交易，代码为 HEDG。
股东在税务豁免的交易中自动接收 HEDG 股份，同时保持相同的投资暴露、策略、管理团队及共同基金的历史业绩记录。该 ETF 仍由同一支 Equable Shares 投资团队积极管理，并保留其投资目标和风险管理框架。
策略概览： HEDG 通过通过 ETF 持有对标 S&P 500 的暴露并应用系统化的期权叠加策略（包括买入覆盖看涨期权和看跌价差对冲）来实现长期资本增值并降低波动性。
顾问： Teramo Advisors LLC。
- Tax-free conversion completed for EQHEX into HEDG on 10/13/2025
- Shareholders received automatic tax-free exchanges preserving positions
- No change to investment objective, strategy, or management team
- None.
Each shareholder automatically received shares of HEDG in a tax-free exchange, maintaining the same investment exposure, strategy, and management team. The ETF retains the historical performance track record of the mutual fund. The ETF continues to be actively managed by the same Equable Shares investment team, with no changes to its investment objective, strategy, or risk management framework.
Strategy Overview
HEDG seeks to provide long-term capital appreciation with reduced volatility through a systematic options overlay on large-cap
Key Details
- Ticker: HEDG
- Exchange: NYSE Arca
- Listing Date: October 13, 2025
- Advisor: Teramo Advisors LLC
About Equable Shares
Equable Shares, led by CEO Ron Santella, is an asset manager based in
For more information, visit www.equableshares.comor email service@equableshares.com.
This strategy has assumed its Predecessor Mutual Fund's historical performance, and the performance shown prior to October 2025 is for the Predecessor Mutual Fund, which had structural,regulatory, expense, and fee differences that may result in performance differences over time.
Total Annual Fund Operating Expenses are .
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 239-325-8500. Read it carefully before investing.
ETF investing involves risk. Principal loss is possible. The use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates, or indices. It is possible in certain situation that the use of derivatives (such as options) may have the effect of increasing the volatility of the Fund's portfolio. The Fund invests in derivatives for hedging and nonhedging purposes. The writer of an option is subject to the risk of loss resulting from the difference between the premium received for the option and the price of the security or other instrument underlying the option that the writer must purchase or deliver upon exercise of the option. Writing covered calls may limit the Fund's ability to participate in price increases of the underlying securities. The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the underlying stocks overtime. In addition, the Fund's ability to sell the underlying securities will be limited while the option is in effect. The Fund may also buy put options or put spreads in an attempt to protect the Fund from a significant market decline. A put option gives the purchaser of the option, upon payment of a premium, the right to sell, and the writer the obligation to buy, the underlying security or index at the exercise price. Buying a put spread entails the purchase of a put option with a relatively higher strike price while writing (selling) a put option with a relatively lower strike price.The Fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Investing in a non-diversified mutual fund involves greater risk than investing in a diversified fund because a loss resulting from the decline in the value of one security may represent a greater portion of the total assets of a non-diversified fund. Equable Shares Funds are distributed by Quasar Distributors, LLC
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SOURCE Equable Shares
FAQ
When did EQHEX convert to the Equable Shares Hedged Equity ETF (HEDG)?
What does the HEDG conversion mean for EQHEX shareholders?
What strategy does HEDG use after the conversion?
Will HEDG have a new management team after the conversion?
On which exchange and under what ticker does the Equable Shares Hedged Equity ETF trade?
Who is the advisor for HEDG following the conversion?
