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What's inside
How Beacon categorizes this fundListing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks total return consisting of income.
- Strategy
- Invests in a broad range of dividend paying equity securities, including common stocks, preferred stocks, and REITs. Utilizes an option strategy of writing covered call and put options to generate additional income. May invest in securities of any market capitalization and in companies domiciled in or economically tied to countries outside the U.S., including developing markets.
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 2026-06-24