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EDGEMRBL Enhanced Equity ETF

Get income1y track recordRanked #1,467 of 1,650 in this goal

Seeks capital appreciation.

By MRBL Management, LLC · Launched 2025

Annual Cost

0.74%

#3,782 of 5,861 · average

Fund Size

$10M

#4,868 of 5,861 · small

Dividend YieldGoal

0.00%

Track Record

1 year

#4,011 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,699+27.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 9 holdings = 100.0% of fundconcentrated

SPY 03/20/2026 203.01 C
87.8%
SPY 03/20/2026 10010.01 P
14.5%
First American Government Obligations FundFGXXX
3.2%
SPY 03/20/2026 10.01 C
1.1%
SPY 03/20/2026 10.01 P
0.0%
SPY 03/20/2026 10010.01 C
0.0%
XSP 03/20/2026 706.01 C
-0.0%
SPX 03/20/2026 7060.01 C
-0.3%
SPY 03/20/2026 200.01 C
-6.0%

Asset allocation

Stocks
169.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.6%Moderate

Year-on-year price swings

Max drawdown
-99.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.40Below average
Sortino (3Y)
0.54Moderate downside risk

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation.
Strategy
Actively manages a portfolio to achieve up to 150% long exposure to large-capitalization U.S. equity securities while enhancing income through writing call options. The Fund invests at least 80% of net assets in equity securities and derivatives, utilizing leverage to magnify gains and losses.
Inception date
January 21, 2025
Fund family
MRBL Management, LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04