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SEPIShelton Equity Premium Income ETF

Get incomeNewRanked #929 of 1,641 in this goal

Seeks a high level of income and capital appreciation by investing primarily in income-producing U.S. equity securities.

By Shelton Capital Management · Launched 2025

Annual Cost

0.54%

#2,723 of 5,606 · average

Fund Size

$131M

#2,703 of 5,606 · mid-size

Dividend YieldGoal

—

Track Record

9 months

#4,719 of 5,606 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,655+16.6%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

S&P MidCap 400 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 41.8% of fundmoderately concentrated

Apple Inc.
5.4%
Caterpillar Inc
4.9%
Alphabet Inc.
4.8%
NVIDIA Corp.
4.1%
Microsoft Corp.
4.1%
Broadcom Inc
4.1%
Goldman Sachs Group, Inc.
3.7%
Amazon.com, Inc.
3.6%
Meta Platforms Inc
3.6%
Johnson & Johnson
3.4%

Asset allocation

Stocks
97.9%
Cash
2.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-7.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks a high level of income and capital appreciation by investing primarily in income-producing U.S. equity securities.
Strategy
Invests primarily in income-producing U.S. equity securities, focusing on medium and large corporations that generate high dividend income. Aims for capital appreciation when consistent with seeking current income.
Inception date
September 5, 2025
Fund family
Shelton Capital Management

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 2026-06-29