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PCOV launched just weeks ago and already its price action is raising a question that every equity-premium-income buyer eventually faces: when a fund markets a compelling yield, what is quietly being surrendered to fund it?

Principal Equity Premium Income ETF (CBOE:PCOV) is the newest entrant in one of the most crowded corners of the fund market: equity income products that pair a stock portfolio with an options strategy to generate elevated monthly cash payouts.
SEC filings for PCOV aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.