The folks at a Sunshine State, quantitative fund firm are preparing to roll out their fourth ETF.

Yesterday, the teams at Donald L. Hagan, LLC (dba Day Hagan Asset Management) and Rational Advisors, Inc. [profile] filed with the SEC to launch the Day Hagan Smart Buffer ETF (DHSB on the NYSE Arca). Sarasota, Florida-based Day Hagan will serve as DHSB's investment advisor, and DHSB will be a series of Huntington, New York-based Rational's Strategy Shares.

DHSB will come with an expense ratio of 68 basis points. The new ETF's PM team will be led by Donald Hagan, managing member of his eponymous firm. The other two PMs will be managing member Arthur Day and portfolio manager Regan Teague.

The new, actively managed fund will be powered by a strategy designed to use options to generate income and hedge against losses. The trio of PMs plan to sell covered call options while buying put options or put spreads.

DHSB's other service providers will include: Citi Fund Services Ohio, Inc. as dividend disbursing agent, financial administrator, fund accountant, and transfer agent; Citibank, N.A. as custodian; Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; MFund Services LLC (sister company to Rational) as administrator and chief compliance officer provider; and Stradley Ronon Stevens & Young, LLP as counsel. 

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