VSPY — VectorShares Min Vol ETF

VSPY Fund Overview

VSPY — VectorShares Min Vol ETF is a US ETF managed by Spinnaker ETF Series, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Spinnaker ETF Series
• Category: Bond
• Assets under management: $43.55M
• 1-year return: -10.2%
• Ticker: VSPY
• SEC CIK: 0001484018
• SEC series ID: S000072134
• Share class ID: C000227918

VSPY Investment Objective and Strategy

VectorShares Min Vol ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Spinnaker ETF Series.

Investment objective

VectorShares Min Vol ETF (the Fund) seeks to provide total return while limiting volatility.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by utilizing a blended strategy that combines a fixed income allocation of approximately 90% with an options overlay of approximately 10% of the market value of the Funds assets. The fixed income allocation is invested primarily in high quality debt instruments, including but not limited to corporate bonds, treasuries, and municipal bonds and/or ETFs that hold these high quality debt investments. The securities in the fixed income allocation are generally rated Baa3 or better by Moody's Investors Service, Inc. (Moody's) or BBB- or better by S&P. The fixed income securities may be of any duration and maturity, and the average duration and average maturity of the Funds portfolio will vary based on the Advisors proprietary research.

When interest rates are low, the Fund will invest primarily in ultra-short term duration high quality instruments. When interest rates are higher, the Fund will invest in longer duration instruments. The use of these low volatility, high quality debt instruments helps minimize the volatility of the Funds options portfolio. The hedged overlay will consist of both exchange-traded put and call options on the S&P 500 Index (SPX). An index option is a financial derivative that gives the holder the right (but not the obligation) to buy or sell the value of an underlying index, such as the SPX, at the stated exercise price within a specific time. The Fund will buy call options to obtain long exposure to the SPX (benefitting when the value of the SPX increases over the option period). The Fund will both buy and sell put options as offsetting positions used to hedge against the downside risk of the long positions within the portfolio (benefitting when the value of the SPX decreases over the option period).

The portfolio option positions are rebalanced daily based upon market movements and fluctuations in the Cboe Volatility Index (VIX). The VIX is a real-time market index representing the market's expectations for volatility over the coming 30 days, which is used to measure the level of risk, fear, or stress in the market. A proprietary trading model is utilized to rebalance the options following a contrarian approach where long positions on SPX (call options) are sold on positive market days (purchased on days with negative market returns). The hedge positions (put options) are reduced on declining market days (purchased on days with positive market returns). Positive and declining market days are based on the previous days SPX closing price. The objective of the models rebalancing is to maintain the same weightings of puts versus calls as the value of the SPX rises and falls.

When the value of SPX rises or falls, so does the value of the Funds options holdings. The proportion of calls and puts is rebalanced to maintain the same allocation as the values change. The Fund maintains a cash position that serves as an additional hedge and provides the ability to purchase securities during substantial market declines. The cash position is higher when markets are elevated and reduced as purchases are made in waning markets.

VSPY Performance

Total returns for VSPY (as of 2026-10-01), from SEC filings.

VSPY Risk Information

Risk metrics for VSPY, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 6.9%

VSPY Costs and Fees

VSPY costs about $112 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.12%
• Gross expense ratio: 1.68%
• Portfolio turnover: 0%
• Brokerage commissions: 3.40 bps of average net assets (SEC N-CEN)

VSPY Cashflows

Over the 12 months to 2022-09, VectorShares Min Vol ETF had net inflows of $42.86M, from monthly SEC N-PORT filings.

VSPY Debt Constituents

No individual debt constituents are reported in VectorShares Min Vol ETF's latest SEC N-PORT filing.

VSPY Prospectus and SEC Filings

Official VectorShares Min Vol ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-07-29
• Prospectus (485BPOS) — filed 2021-07-16
• Portfolio holdings (N-PORT) — filed 2022-11-25
• Portfolio holdings (N-PORT) — filed 2022-08-29
• Portfolio holdings (N-PORT) — filed 2022-05-27
• Annual census (N-CEN) — filed 2022-06-14

Related Funds

Other Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• ICON Flexible Bond Fund (IOBCX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.