- What does SEPI invest in?
- It is the fund’s policy that, under normal market conditions, it will invest at least 80% of its total assets (which includes the amount of any borrowings for investment purposes) in common stocks.
- 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 6.03%, 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 $35.1M 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.
