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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +1.1% | ▲ +2.8% | ▼ −1.5% | ▲ +18.2% | ▲ +17.8% | — | — | ▲ +39.9% |
| Peer average | ▼ −0.6% | ▼ −0.9% | ▲ +2.0% | ▲ +6.6% | ▲ +7.8% | ▲ +47.4% | ▲ +58.3% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
ITWO combines long positions in the Russell 2000 Index with short positions in daily call options. The objective is to provide monthly distributions derived from option premiums and dividends, though some payments may be classified as a return of capital. The index employs a buy-write (or covered call) strategy, generating additional income from selling call options while maintaining exposure to small-cap US stocks. Unlike traditional call option strategies, this index uses short-dated, out-of-the-money call options, which are rebalanced daily to capture short-term market movements. Instead of directly writing options, the fund gains its short exposure through swap agreements and futures contracts, replicating returns from the covered call strategy without direct option transactions. The portfolio is constructed using a mathematical approach that optimizes the type, quantity, and mix of positions to produce returns in line with the index.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-10-01 | 2026-10-07 | $0.23 |
| 2026-09-01 | 2026-09-08 | $0.22 |
| 2026-08-03 | 2026-08-07 | $0.23 |
| 2026-07-01 | 2026-07-08 | $0.25 |
| 2026-06-01 | 2026-06-05 | $0.22 |
| 2026-05-01 | 2026-05-07 | $0.34 |
| 2026-04-01 | 2026-04-08 | $0.67 |
| 2026-03-02 | 2026-03-06 | $0.34 |
| 2026-02-02 | 2026-02-06 | $0.24 |
| 2025-12-24 | 2025-12-31 | $0.24 |
| 2025-12-01 | 2025-12-05 | $0.16 |
| 2025-11-03 | 2025-11-07 | $0.11 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind ITWO.