# Parametric Hedged Equity ETF (PHEQ) — Overview

PHEQ · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/pheq

## Price

Last close $35.71 on Oct 15, 2026. 52-week range $31.47 – $35.86.

## Fund profile

PHEQ invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation.

| Metric | Value |
| --- | --- |
| Issuer | Morgan Stanley Investment Management Inc. |
| Industry | — |
| Inception | Oct 16, 2023 |
| Assets under management | $151.7M |
| Expense ratio | 0.29% |
| Net asset value | $35.70 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Parametric Hedged Equity ETF (PHEQ)?

PHEQ invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation.

### What is PHEQ's expense ratio?

Parametric Hedged Equity ETF charges an annual expense ratio of 0.29%. The fund is issued by Morgan Stanley Investment Management Inc..

### How large is PHEQ?

Parametric Hedged Equity ETF manages $151.7M in assets and has traded since Oct 16, 2023.

### How do I buy shares of Parametric Hedged Equity ETF (PHEQ)?

PHEQ trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).