Newday Ocean Health ETF

Frequently Asked Questions About AHOY

What does AHOY invest in?

Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in Ocean Health Companies. The fund categorizes an “Ocean Health Company” as a company that is concerned with and attentive to discharge of excess nutrients into bodies of water, end of lifecycle product waste, commitments to environmental protectionism, and/or CO2 emissions. The fund is non-diversified.

What is the expense ratio of AHOY?

Newday Ocean Health ETF (AHOY) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is AHOY's distribution yield?

AHOY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does AHOY's covered-call strategy work?

AHOY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is AHOY?

Newday Ocean Health ETF (AHOY) manages $3.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AHOY actively managed or an index fund?

AHOY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.