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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.2% | ▲ +2.9% | ▲ +11.2% | ▲ +18.9% | — | — | — | ▲ +21.2% |
| Peer average | ▼ −0.6% | ▼ −2.2% | ▲ +2.9% | ▲ +7.1% | ▲ +5.4% | ▲ +41.4% | ▲ +22.6% | — |
| 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 |
|---|---|---|
| Cash&OtherCash & Other | Reported holding | 21.54% |
| MUMicron Technology Inc | Reported holding | 13.08% |
| MPCMarathon Petroleum Corp | Reported holding | 6.00% |
| VLOValero Energy Corp | Reported holding | 5.08% |
| CVXChevron Corp | Reported holding | 4.62% |
| FANGDiamondback Energy Inc | Reported holding | 4.52% |
| PSXPhillips 66 | Reported holding | 4.41% |
| DLTRDollar Tree Inc | Reported holding | 4.40% |
| AIGAmerican International Group Inc | Reported holding | 4.32% |
| HPEHewlett Packard Enterprise Co | Reported holding | 4.31% |
| DISWalt Disney Co/The | Reported holding | 4.28% |
| INTUIntuit Inc | Reported holding | 4.27% |
| GDDYGoDaddy Inc | Reported holding | 4.26% |
| ACGLArch Capital Group Ltd | Reported holding | 4.26% |
| KKRKKR & Co Inc | Reported holding | 4.23% |
| CNCCentene Corp | Reported holding | 4.20% |
| OXYOccidental Petroleum Corp | Reported holding | 4.20% |
| PYPLPayPal Holdings Inc | Reported holding | 4.19% |
| PGRProgressive Corp/The | Reported holding | 4.12% |
| JBLJabil Inc | Reported holding | 4.08% |
| ALLAllstate Corp/The | Reported holding | 3.95% |
| TMUST-Mobile US Inc | Reported holding | 3.94% |
| UDRUDR Inc | Reported holding | 3.77% |
| UBERUber Technologies Inc | Reported holding | 3.69% |
| COFCapital One Financial Corp | Reported holding | 3.58% |
| IVZInvesco Ltd | Reported holding | 3.57% |
| GSGoldman Sachs Group Inc/The | Reported holding | 3.38% |
| NXPINXP Semiconductors NV | Reported holding | 3.26% |
| CSGPCoStar Group Inc | Reported holding | 3.09% |
| APPAppLovin Corp | Reported holding | 2.85% |
This fund employs a sophisticated strategy, blending long and short equity positions with an options overlay. Its primary aim is to generate monthly income while maintaining exposure to the U.S. stock market. Investments are concentrated in U.S. exchange-traded mid- and large-capitalization companies. Portfolio construction is driven by a proprietary process that identifies companies with strong fundamental prospects for long investments, while targeting those with weaker outlooks for short selling. Long positions are chosen via bottom-up security analysis, whereas short positions focus on equities exhibiting deficiencies in balance sheets, cash flow, or sector conditions. Complementing its equity holdings, the fund utilizes an options strategy based on index-based put spreads (both written and purchased) to generate premium and enhance income. These options are actively managed and can be adjusted before expiration, serving to complement the equity exposures rather than outright hedge them. The fund consistently maintains a long/short structure with predefined gross exposure targets and may hold cash and short-term instruments to support operations and its short positions.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-10-28 | 2026-10-30 | $0.26 |
| 2026-09-23 | 2026-09-25 | $0.26 |
| 2026-08-26 | 2026-08-28 | $0.25 |
| 2026-07-29 | 2026-07-31 | $0.24 |
| 2026-06-24 | 2026-06-26 | $0.23 |
| 2026-05-27 | 2026-05-29 | $0.23 |
| 2026-04-29 | 2026-05-01 | $0.21 |
| 2026-03-25 | 2026-03-27 | $0.21 |
| 2026-02-25 | 2026-02-26 | $0.20 |
| 2026-01-28 | 2026-01-30 | $0.22 |
| 2025-12-24 | 2025-12-26 | $0.24 |
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 NLSI.