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USDXSGI Enhanced Core ETF

Get income2y track recordRanked #1,058 of 1,622 in this goal

Seeks income.

By Summit Global Investments · Launched 2024

Annual Cost

1.08%

#5,158 of 5,562 · expensive

Fund Size

$313M

#1,923 of 5,562 · mid-size

Dividend YieldGoal

3.81%

Track Record

2 years

#3,453 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,630+6.3%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 8 holdings = 99.4% of fundconcentrated

Vanguard Treasury Money Market
40.4%
Vanguard Federal Money Market
40.4%
North Capital Treasury Money M
6.8%
PIMCO Government Money Market
5.5%
Fidelity Government Cash Reser
5.5%
First American Government Obli
0.9%
T Rowe Price US Treasury Money
0.0%
JPMorgan Liquid Assets Money M
0.0%

Asset allocation

Cash
99.5%
Other
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.1%Low

Year-on-year price swings

Max drawdown
-0.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks income.
Strategy
Actively managed ETF investing in higher-yielding short-term money market instruments and fixed-income securities. Uses short-term options strategies to generate income, typically selling options with 1-7 day expirations. Holds U.S. Treasury securities for collateral and may invest in bank obligations and derivatives for leverage.
Inception date
February 28, 2024
Fund family
Summit Global Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

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