Premium Income 40 Barrier ETF

Frequently Asked Questions About OCTQ

What does OCTQ invest in?

The outcomes that the Fund seeks to provide may only be realized if you are holding shares on the first day of the Outcome Period and continue to hold them on the last day of the Outcome Period, approximately one year. There is no guarantee that the Outcomes for an Outcome Period will be realized or that the Fund will achieve its investment objective.

What is the expense ratio of OCTQ?

Premium Income 40 Barrier ETF (OCTQ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

What is OCTQ's distribution yield?

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

How does OCTQ's covered-call strategy work?

OCTQ 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 OCTQ?

Premium Income 40 Barrier ETF (OCTQ) manages $7.2M 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 OCTQ actively managed or an index fund?

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