Payout policy
How the fund sets its payment: fixed dollars, a set rate on NAV, or a variable pass-through of option income.
Definition
How a covered-call ETF sets its payment: fixed dollars each period, a set rate on NAV, or a variable pass-through of option income. Buffer and barrier funds carry their own label, defined outcome. The desk infers the policy from the last year of payments, and the sponsor's stated policy overrides the inference.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.