Kovitz Core Equity ETF

Frequently Asked Questions About EQTY

What does EQTY invest in?

The fund invests primarily in equity securities of U.S. and foreign companies. Equity securities in which the fund may invest include common stocks and common stock equivalents (such as rights or warrants, which give the fund the ability to purchase the common stock, and convertible securities, which are securities that are convertible into the common stock). The fund may invest in companies of any market capitalization, including small- and mid-capitalization companies.

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 $1.28B 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.