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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −5.6% | ▼ −13.9% | ▲ +11.6% | — | — | — | — | ▲ +12.6% |
| Peer average | ▲ +0.2% | ▲ +1.4% | ▲ +0.4% | ▲ +10.0% | ▲ +11.5% | ▲ +59.7% | ▲ +50.0% | — |
| 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 |
|---|---|---|
| MUCW SWAP ASSET LEG | swap | 32.49% |
| MU SWAP ASSET LEG (MUGSR) | swap | 31.95% |
| DREYFUS TRSRY SECURITIES CASH MGMT | Reported holding | 25.19% |
| DREYFUS GOVT CASH MAN INS | Reported holding | 6.45% |
| MUMICRON TECHNOLOGY INC | Reported holding | 3.32% |
| MU SWAP ASSET LEG (MUBCR) | swap | 0.60% |
MUIB aims to generate high income from the stock volatility of Micron Technology, Inc. (NASDAQ: MU). The ETF uses swaps to track an index that systematically writes weekly, out-of-the-money call options on MU, targeting a specific annualized distribution rate, distributed twice per month. MUIB adds a daily delta hedging strategy, which adjusts MU exposure each trading day to offset the negative delta of the short call position. This approach is designed to allow participation in MU's upside price movements. The option strike price selection process is formulaic and recalibrated weekly based on MU's price and implied volatility. The strategy also includes an options unwind feature that may close an option position early if certain thresholds are met. Distributions are characterized as ordinary income, though investors should note that if the strategy does not generate sufficient income in a given period, distributions may be partially characterized as a return of capital.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-10-30 | 2026-11-02 | $0.24 |
| 2026-10-15 | 2026-10-16 | $0.24 |
| 2026-09-30 | 2026-10-01 | $0.58 |
| 2026-09-15 | 2026-09-16 | $0.25 |
| 2026-08-28 | 2026-08-31 | $0.24 |
| 2026-08-14 | 2026-08-17 | $0.23 |
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 MUIB.