ODTEVegaShares SPX NDX RTY Premium Income ETF
Primarily seeks current income and secondarily capital appreciation.
By Vega Capital Partners LLC · Launched 2026
0.76%
#3,883 of 5,562 · expensive
$2M
#5,369 of 5,562 · small
—
2 months
#5,362 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 4 holdings = 100.0% of fund✓ diversified through underlying funds
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Primarily seeks current income and secondarily capital appreciation.
- Strategy
- Employs an actively managed covered call strategy using the S&P 500, Nasdaq-100, and Russell 2000 indexes. The Fund generates income by selling short-term call options while maintaining long exposure to the indexes, utilizing a synthetic approach with deep in-the-money options.
- Inception date
- April 1, 2026
- Fund family
- Vega Capital Partners LLC
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
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 2026-06-19