ETF Quote Details
|NAV (month end)||21.25|
|Premium (+)/Discount (-) (month end)||-0.11|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$1.35 (6.55%)|
This index measures total returns of a theoretical portfolio including the S&P 500 Index stocks on which S&P 500 Index call options are systematically written against the portfolio through a buy-write strategy. A buy-write, also called a covered call, generally is considered to be an investment strategy in which an investor buys a stock or basket of stocks, and also sells call options.
It is based on CBOE S&P 500 Buy Write Index. It invests 80% of its total assets in common stocks of 500 companies included in S&P 500 Index & write (sell) call options. Index measures total rate of return of S&P 500 covered call strategy of holding a portfolio indexed to the S&P 500 & selling a succession of written options, each with exercise price at or above the prevailing price of S&P 500.