NVIBDirexion NVDA Defined Income Boost ETF
Tracks the Cboe NVDA Defined Income Index.
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What's inside
How Beacon categorizes this fundListing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the Cboe NVDA Defined Income Index.
- Strategy
- Seeks to track the Cboe NVDA Defined Income Index by writing weekly out-of-the-money equity call options on common shares of NVIDIA Corporation to collect option premiums. The Index aims for an annualized distribution rate of 20%.
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-07-30