Peerless Option Income Wheel ETF

Frequently Asked Questions About WEEL

What does WEEL invest in?

The fund is an actively managed ETF that seeks current income. The fund’s strategy consists of two main components: firstly, investing in a range of sector-specific ETFs and, in some instances, individual securities; and secondly, implementing an "option wheel strategy". The fund will primarily invest in different market sectors using sector ETFs. The fund is non-diversified.

What is the expense ratio of WEEL?

Peerless Option Income Wheel ETF (WEEL) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

What is WEEL's distribution yield?

WEEL's trailing-twelve-month yield is 12.74%, calculated from the sum of distributions over the past year divided by the current price.

How does WEEL's covered-call strategy work?

WEEL 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 WEEL?

Peerless Option Income Wheel ETF (WEEL) manages $21.3M 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 WEEL actively managed or an index fund?

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