Covered-call ETF
Also written CC ETF, covered call ETF.
Covered-call ETF: a fund that holds a portfolio and sells call options against it for income.
Definition
An exchange-traded fund that holds an equity portfolio and sells call options against it for income. Distribution rates commonly run 8 to 14%, and gains above the strike are given up. Examples: JEPI, JEPQ, QYLD, XYLD.
On a live record
SPYI (Neos S&P 500(R) High Income ETF) is a covered-call ETF yielding 11.90% on its trailing distributions, with a 0.68% expense ratio. Open the SPYI record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.