Shelton Equity Premium Income ETF

Frequently Asked Questions About SEPI

What does SEPI invest in?

Under typical market conditions, this fund is committed to dedicating at least 80% of its total capital, including any funds borrowed for investment purposes, to common equity holdings.

What is the expense ratio of SEPI?

Shelton Equity Premium Income ETF (SEPI) charges an expense ratio of 0.54%. This is the annual fee deducted from fund assets to cover management and operations.

What is SEPI's distribution yield?

SEPI's trailing-twelve-month yield is 8.08%, calculated from the sum of distributions over the past year divided by the current price.

How does SEPI's covered-call strategy work?

SEPI 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 SEPI?

Shelton Equity Premium Income ETF (SEPI) manages $190.2M 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 SEPI actively managed or an index fund?

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