PHEQ – Parametric Hedged Equity ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide capital appreciation while limiting losses experienced by investors (before fees, expenses, and taxes) through the incorporation of an option overlay hedge strategy. The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS U.S. 500 at the time of purchase.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHEQ	Parametric Hedged Equity ETF	ETF	Open	—		Oct 16, 2023	$154.58M	0.290%	—	—	$29.47M

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