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NVIIREX NVDA Growth & Income ETF

Get income1y track recordRanked #1,252 of 1,650 in this goal

Seeks to pay weekly distributions while providing leveraged exposure to Nvidia Corporation's common stock.

By Rex · Launched 2025

Annual Cost

1.49%

#5,692 of 5,861 · expensive

Fund Size

$104M

#2,967 of 5,861 · mid-size

Dividend YieldGoal

58.17%

Track Record

1 year

#4,318 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,934+19.3%

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 5 holdings = 101.0% of fundconcentrated

TREASURY BILL
103.4%
N/A
2.5%
First American Government Obli
1.0%
N/A
-0.7%
N/A
-5.3%

Asset allocation

Cash
102.8%
Other
1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
37.1%High

Year-on-year price swings

Max drawdown
-18.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to pay weekly distributions while providing leveraged exposure to Nvidia Corporation's common stock.
Strategy
Actively manages a covered call strategy to pay weekly distributions, maintaining 105% to 150% notional exposure to Nvidia Corporation through options and direct stock purchases. The Fund is designed for investors who can actively monitor their portfolios.
Inception date
May 27, 2025
Fund family
Rex

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