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YLDWWestwood Enhanced Income Opportunity ETF

Get incomeNewRanked #824 of 1,622 in this goal

The primary investment objective is to provide current income and long-term capital appreciation.

By Westwood · Launched 2025

Annual Cost

0.01%

#107 of 5,562 · low cost

Fund Size

$27M

#4,140 of 5,562 · small

Dividend YieldGoal

—

Track Record

6 months

#5,089 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,680+6.8%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 27.5% of fund✓ well diversified

iShares Trust
4.4%
iShares Trust
4.4%
Alphabet Inc.
3.3%
Gilead Sciences Inc.
2.7%
Micron Technology Inc.
2.4%
Kratos Defense & Security Solutions, Inc.
2.2%
Microsoft Corp.
2.1%
Wells Fargo & Co.
2.1%
NVIDIA Corp.
2.0%
Barrick Mining Corp.
1.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-5.7%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
NYSE Arca, NYSE American

Full fund details

Objective
The primary investment objective is to provide current income and long-term capital appreciation.
Strategy
Invests primarily in dividend-paying and interest-bearing securities across diverse asset classes to provide current income and potential capital appreciation. Uses derivatives for risk management and may engage in covered call writing to enhance income. Aims for lower volatility than traditional equity products.
Inception date
December 11, 2025
Fund family
Westwood

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