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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +1.4% | ▲ +3.4% | — | — | — | — | — | ▲ +10.0% |
| 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 |
|---|---|---|
| 2027-01-21 S&P 500® Mini Index P 1,500.03 | Reported holding | 213.51% |
| 2027-01-21 S&P 500® Mini Index C 500.03 | Reported holding | 81.73% |
| AAPLApple Inc. | Reported holding | 66.44% |
| US Dollar | Reported holding | 2.22% |
| 2027-01-22 Apple Inc. C 3,129.53 | Reported holding | 0.00% |
| 2027-01-21 S&P 500® Mini Index C 1,500.03 | Reported holding | -0.01% |
| 2026-10-30 Apple Inc. C 347.50 | Reported holding | -0.11% |
| 2027-01-21 S&P 500® Mini Index P 500.03 | Reported holding | -0.24% |
| 2027-01-22 Apple Inc. P 3,129.53 | Reported holding | -263.54% |
XVAP is an actively managed ETF aiming to generate enhanced monthly income from Apple Inc. stock. The ETF targets an annualized distribution of 15%, less expenses, above the S&P 500 forward dividend yield by combining direct Apple share ownership with a multi-layered options strategy including short-duration call option sales, synthetic replication via paired call and put options, US Treasury income, and Box Spread premiums. Positions are adjusted weekly based on market volatility. Investors should be aware of the key trade-off: the strategy converts a portion of Apple's upside potential into current income. The ETF offers no downside protection. Distributions paid monthly may be treated as ordinary income or reclassified. Shares held less than one year should not expect to receive the full annualized target income. The ETF does not seek to match or outperform the total return of Apple stock or the S&P 500 Index, and achievement of the distribution target is not guaranteed.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-10-21 | 2026-10-30 | $0.41 |
| 2026-09-24 | 2026-09-30 | $0.50 |
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 XVAP.