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MPDYm+ DualYield Autocall ETF

Get incomeDiversifier

Seeks to generate high monthly income while providing reduced downside risk through exposure to the S&P 500 Futures 40% Defined Volatility Autocall Index.

Annual Cost

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Fund Size

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Dividend YieldGoal

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Track Record

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What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

S&P 500 Futures 40% Defined Volatility Autocall Index (USD) Total Return

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to generate high monthly income while providing reduced downside risk through exposure to the S&P 500 Futures 40% Defined Volatility Autocall Index.
Strategy
Actively manages a non-diversified ETF that invests primarily in unfunded total return swaps to gain exposure to the S&P 500 Futures 40% Defined Volatility Autocall Index. Aims for high monthly income while mitigating downside risk through structured autocallable notes linked to the Underlying Reference Index.

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 2026-08-15