ASYMmetric Smart Income ETF
MORE
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- ASYMmetric Smart Income ETF (NYSE: MORE), issued by ASYMmetric ETFs Trust and advised by ASYMmetric ETFs, LLC, is a passively managed, rules-based exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the ASYMmetric Smart Income Index. The fund employs a quantitative tactical asset allocation strategy to generate high current income exceeding that of the S&P 500 with reduced risk, dynamically shifting exposure among high-yield asset classes including master limited partnerships (MLPs), real estate investment trusts (REITs), and utilities during bull markets, while reallocating to U.S. Treasuries or cash equivalents in bear markets; it avoids leverage, derivatives, or options. Launched on February 1, 2023, and headquartered in New York, New York, the ETF targets conservative investors seeking income solutions as a fixed income replacement, with a suggested portfolio allocation of up to 25% of fixed income positions. The fund's portfolio typically comprises 30 holdings, with significant concentration in the top 10 positions (approximately 48%), focusing on U.S.-centric investments in income-oriented sectors and government securities; as of late 2023, it exhibited an annual dividend yield of about 5.41% and an expense ratio of 0.75%. Geographically, operations emphasize U.S. markets, serving family offices, financial advisors, and retail investors through NYSE Arca listing. ASYMmetric ETFs, LLC, founded by CEO Darren Schuringa, a veteran ETF entrepreneur, leverages proprietary ASYMmetric Smart Technology for risk-managed strategies across its Smart Income, Smart Equity, and Smart Alpha categories. In recent developments, the ETF launched alongside the ASYMmetric Smart Alpha S&P 500 ETF (NYSE: ZSPY) in early 2023 as part of the firm's expansion into smart category funds emphasizing capital preservation. The issuer's flagship ASYMmetric S&P 500 ETF (NYSE: ASPY) received the 2022 Newcomer Strategic Beta ETF of the Year award, and options trading commenced on ASPY; however, MORE has faced low assets under management, reporting net assets of approximately $223,000 as of October 2023 with indications of inactivity or potential closure per certain database listings. No major acquisitions, funding rounds, or partnerships specific to MORE or the issuer have been reported in the last 1-2 years, with focus remaining on tactical income generation amid volatile markets.