Through February this options-based fund has a total return This is better than the Nasdaq- 's return It also has lower intraday volatility This review asks a key question for investors Can an active covered call strategy replace steady income The fund started on March It aims to match notional against a long index exposure Important distinction distributions seem like dividend payments but are mostly return of capital This affects taxes headline yield and long-term value What we ll examine We will look at total return drivers distribution mechanics and index exposure We will also discuss expense drag gross SEC yield context and the risks of daily option sales and active strike selection https youtu be ySxqKLfRkRY feature shared Key Takeaways The fund s structure morning QDT sales against full notional can smooth intraday swings but does not guarantee salary-like payouts Reported year-to-date performance looked competitive versus the Nasdaq- yet past returns do not ensure future results Many distributions may include return of capital evaluate dividend payments alongside total return and tax effects Active strike selection and the Win Ratio are central to the strategy s potential edge over passive overwrites High current QDT activity helped results today but structural persistence is uncertain and affects sustainability What This Review Covers and Who Should Read It The goal here is to explain what this product does who should consider it and what trade-offs matter Scope This is an in-depth product review of the fund's objectives mechanics distribution profile performance expenses and... Login to read full