Equable Shares Hedged Equity ETF

Equable Shares Hedged Equity ETF is an actively managed exchange-traded fund that focuses on a hedged equity strategy for long-term capital appreciation with reduced volatility. Its primary function is to provide large-cap U.S. equity exposure, typically benchmarked to the S&P 500, through direct investment in ETFs covering that index. The fund stands out for its systematic options overlay: it employs covered call writing to generate income and implements put spread hedging to manage and mitigate downside risk. These features position the ETF as a defensive equity solution, aiming to deliver both market participation and risk reduction, especially during periods of volatility. Notably, it maintains the historical performance record of its predecessor mutual fund, and the transition to the ETF vehicle was completed via a tax-free conversion, preserving continuity in strategy and management. Managed by Teramo Advisors LLC, Equable Shares Hedged Equity ETF is non-diversified, which means it may concentrate assets among fewer issuers compared to diversified funds, allowing for a more targeted risk/return profile. Its active option strategies and large-cap emphasis make it a specialized tool for investors seeking stable returns while limiting exposure to major market drawdowns.