YLDWWestwood Enhanced Income Opportunity ETF
Provides current income and the opportunity for long-term capital appreciation.
By Westwood · Launched 2025
0.79%
#4,215 of 5,861 · expensive
$27M
#4,242 of 5,861 · small
—
8 months
#4,985 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeStrategy
Option income
What it actually holds
By weightConcentration
Top 10 holdings = 26.2% of fund✓ well diversified
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca, NYSE American
Full fund details
- Objective
- Provides current income and the opportunity for long-term capital appreciation.
- Strategy
- Invests primarily in dividend-paying and interest-bearing securities, including common stocks, bonds, and MLPs. Engages in covered call writing to enhance income and manage risk, while maintaining a diversified portfolio across various asset classes and capitalizations.
- Inception date
- December 11, 2025
- Fund family
- Westwood
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 2026-08-04