WEEL
Peerless Option Income Wheel ETF
📎 Investment Objective
The Peerless Option Income Wheel ETF (WEEL) seeks to generate consistent income through a covered call options strategy, while also providing some potential for capital appreciation.
Overview
ETF tracking Peerless Option Income Wheel ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Peerless Option Income Wheel ETF (WEEL) seeks to generate consistent income through a covered call options strategy, while also providing some potential for capital appreciation.
🎯 Investment Strategy
The fund aims to achieve its objective by investing in a portfolio of large-cap U.S. stocks and writing call options on those underlying holdings. The options strategy is designed to generate option premiums and provide a steady stream of income, while still allowing the fund to participate in some of the upside of the underlying stocks.
✨ Key Features
- Covered call options strategy to generate consistent income
- Invests in a portfolio of large-cap U.S. stocks
- Potential for capital appreciation in addition to income generation
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Equity market risk as the fund is exposed to the performance of the underlying stocks
- Option writing risk, as the options strategy may not perform as expected
- Concentration risk as the fund is focused on large-cap U.S. stocks
- Lack of performance history as the fund is new and does not have a track record
👤 Best For
The Peerless Option Income Wheel ETF may be suitable for investors seeking a consistent source of income, with a moderate risk tolerance and a longer-term investment horizon. The fund's options strategy and focus on large-cap stocks may appeal to investors looking to generate income while still maintaining some potential for capital appreciation.