Fund Description
NOW WITH MONTHLY DISTRIBUTIONS!
The Volatility Premium Plus ETF (Ticker: ZVOL) seeks to provide a monthly income stream and alternative source of diversification while monetizing the premium in the VIX futures term structure.
ZVOL aims to provide daily investment results that correspond to the daily performance of the S&P 500 VIX Mid-Term Futures Inverse Daily Index (before fees and expenses).
*Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended at the most recent month- end, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. Distributions are not guaranteed. Data as of 11/30/2024.
**The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below. Data as of 11/30/2024.
Distributions, if any, are anticipated to be monthly. There can be no guarantee the fund will make distributions. The Fund expects a portion or all of the distribution to be return of capital. The 19a-1 notice will be made available here when additional details are available.