Premium Income 10 Barrier ETF®

Frequently Asked Questions About JULD

What does JULD invest in?

The fund is an actively managed exchange-traded fund (“ETF”) that invests in U.S. Treasury bills (the “U.S. Treasuries”) and FLexible EXchange® Options (“FLEX Options”) that use as a reference asset a broad-based U.S. equity index, specifically the S&P 500® Price Return Index (the “U.S. Equity index”). -null-. The fund is non-diversified.

What is the expense ratio of JULD?

Premium Income 10 Barrier ETF® (JULD) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is JULD's distribution yield?

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

How does JULD's covered-call strategy work?

JULD 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 JULD?

Premium Income 10 Barrier ETF® (JULD) manages $5.6M 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 JULD actively managed or an index fund?

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