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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −1.1% | ▼ −1.1% | — | — | — | — | — | ▼ −1.1% |
| Peer average | — | — | — | — | — | — | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| United States Treasury Bill 03/11/2027 | Reported holding | 45.48% |
| United States Treasury Bill 12/31/2026 | Reported holding | 26.10% |
| US BANK MMDA - USBGFS 9 09/01/2037 | Reported holding | 25.96% |
| QQQ 12/18/2026 703.41 P | Reported holding | 2.28% |
| QQQ 11/20/2026 724 C | Reported holding | 1.58% |
| XSP 12/18/2026 745.92 P | Reported holding | 0.99% |
| XSP 11/20/2026 781.26 C | Reported holding | 0.76% |
| Cash & Other | Reported holding | -0.04% |
| XSP 12/18/2026 631.17 P | Reported holding | -0.16% |
| QQQ 12/18/2026 595.2 P | Reported holding | -0.33% |
| XSP 11/20/2026 765.94 P | Reported holding | -0.93% |
| QQQ 11/20/2026 709.8 P | Reported holding | -1.69% |
KPO is an actively managed ETF seeking long-term capital appreciation by combining synthetic equity exposure, options strategies, and systematic hedging. The fund targets 100% notional exposure each to both the S&P 500 and Nasdaq 100 indices through monthly out-of-the-money call options, meaning each $1 invested provides about $1 of index exposure, which magnifies both gains and losses. Quarterly put spreads combining bought and sold put options at different strike prices serve as a hedge. While the fund seeks to limit significant losses, it remains possible. To generate options premiums, the fund sells both covered and uncovered put options. While options may generate gains in rising markets, losses can still occur in declining markets despite hedging. The fund may also invest in other ETFs and individual securities. The fund holds collateral, such as Treasury bills, money market funds, and cash equivalents. The fund may engage in securities lending.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
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 KPO.