Kovitz Core Equity ETF

Frequently Asked Questions About EQTY

What does EQTY invest in?

The fund's primary investment strategy involves allocating capital to equity securities issued by both U.S. and international corporations. Its permissible stock holdings encompass conventional common shares along with "common stock equivalents." These equivalents include instruments like rights or warrants, which grant the holder the option to purchase common stock, and convertible securities, which can be exchanged for common shares. The fund maintains the flexibility to invest in companies of any size, ranging from small- and mid-capitalization enterprises to larger ones.

What is the expense ratio of EQTY?

Kovitz Core Equity ETF (EQTY) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

What is EQTY's distribution yield?

EQTY's trailing-twelve-month yield is 0.02%, calculated from the sum of distributions over the past year divided by the current price.

How does EQTY's covered-call strategy work?

EQTY 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 EQTY?

Kovitz Core Equity ETF (EQTY) manages $1.39B 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 EQTY actively managed or an index fund?

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