- What does CDPI invest in?
- The Columbia High Dividend Premium Income ETF is an actively managed exchange-traded fund that seeks to provide high income, with capital appreciation as a secondary objective. The fund invests primarily in dividend-paying common and preferred stocks and employs a covered call strategy by writing call options on U.S. equity market indexes while purchasing call options to retain some upside potential. Designed to generate high monthly income from option premiums, the strategy may also offer favorable tax treatment through the use of certain index options.
- What is the expense ratio of CDPI?
- Columbia High Dividend Premium Income ETF (CDPI) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.
- What is CDPI's distribution yield?
- CDPI's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.
- How does CDPI's covered-call strategy work?
- CDPI 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 CDPI?
- Columbia High Dividend Premium Income ETF (CDPI) manages $6.1M 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 CDPI actively managed or an index fund?
- CDPI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
