Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 07/24/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-23.6%
1 yr return
-36.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$3.2 M
Holdings in Top 10
99.9%
Expense Ratio 0.65%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 07/24/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The following disclosure replaces and supersedes, in its entirety, the paragraph in the section titled “Principal Investment Strategy” in each Fund’s Summary Prospectus, and the corresponding paragraph in the section titled “Additional Information About the Fund — Principal Investment Strategy” in each Fund’s Prospectus, in each case beginning with the words “The Fund seeks to gain fully synthetic exposure”:
“The Fund will hold its options contracts directly. The Fund will no longer seek to obtain exposure to options contracts through a wholly-owned subsidiary organized under the laws of the Cayman Islands. Pending completion of the wind-up of the Subsidiary, any residual interest in the Subsidiary is expected to relate solely to the liquidation and dissolution of the Subsidiary and not to the Fund’s options exposure.”
The following disclosure replaces and supersedes, in its entirety, the sentence in the section titled “Principal Investment Strategy” in each Fund’s Summary Prospectus, and the corresponding sentence in the section titled “Additional Information About the Fund — Principal Investment Strategy” in each Fund’s Prospectus, in each case beginning with the words “Due to certain tests that must be met in order to qualify as a [RIC]”:
“The Fund may utilize reverse repurchase agreements to help maintain the desired level of exposure to its options contracts, subject to the Fund’s investment policies and applicable limitations under the 1940 Act.”
Any other reference in any Fund’s Summary Prospectus or Prospectus to the Fund’s investment in or through a wholly-owned Cayman Islands subsidiary, the approximate allocation of the Fund’s assets to such subsidiary, or the inclusion of the subsidiary’s investment strategies and risks within those of the Fund, is hereby deleted solely to the extent such reference relates to the Fund’s former investment in or through the Subsidiary.
| Period | BPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -23.6% | N/A | N/A | N/A |
| 1 Yr | -36.0% | N/A | N/A | N/A |
| 3 Yr | N/A* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
| Period | BPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| Period | BPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -23.6% | N/A | N/A | N/A |
| 1 Yr | -36.0% | N/A | N/A | N/A |
| 3 Yr | N/A* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
| Period | BPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| BPI | Category Low | Category High | BPI % Rank | |
|---|---|---|---|---|
| Net Assets | 3.2 M | N/A | N/A | N/A |
| Number of Holdings | 3 | N/A | N/A | N/A |
| Net Assets in Top 10 | 2.95 M | N/A | N/A | N/A |
| Weighting of Top 10 | 99.95% | N/A | N/A | N/A |
| Weighting | Return Low | Return High | BPI % Rank | |
|---|---|---|---|---|
| Cash | 79.40% | N/A | N/A | N/A |
| Other | 20.60% | N/A | N/A | N/A |
| Stocks | 0.00% | N/A | N/A | N/A |
| Preferred Stocks | 0.00% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
| Bonds | 0.00% | N/A | N/A | N/A |
| BPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | N/A | N/A | N/A |
| Management Fee | 0.65% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
| BPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
| BPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
| BPI | Category Low | Category High | BPI % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | N/A | N/A | N/A |
| BPI | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | BiMonthly |
| BPI | Category Low | Category High | BPI % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | N/A | N/A | N/A |
| BPI | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
| Date | Amount | Type |
|---|---|---|
| Jul 14, 2026 | $0.170 | OrdinaryDividend |
| Jun 29, 2026 | $0.153 | OrdinaryDividend |
| Jun 12, 2026 | $0.213 | OrdinaryDividend |
| May 28, 2026 | $0.146 | OrdinaryDividend |
| May 14, 2026 | $0.182 | OrdinaryDividend |
| Apr 29, 2026 | $0.182 | OrdinaryDividend |
| Apr 14, 2026 | $0.151 | OrdinaryDividend |
| Mar 30, 2026 | $0.235 | OrdinaryDividend |
| Mar 12, 2026 | $0.235 | OrdinaryDividend |
| Feb 26, 2026 | $0.125 | OrdinaryDividend |
| Feb 12, 2026 | $0.308 | OrdinaryDividend |
| Jan 29, 2026 | $0.144 | OrdinaryDividend |
| Jan 14, 2026 | $0.232 | OrdinaryDividend |
| Dec 29, 2025 | $0.267 | OrdinaryDividend |
| Dec 29, 2025 | $0.267 | ReturnOfCapital |
| Dec 12, 2025 | $0.235 | OrdinaryDividend |
| Dec 12, 2025 | $0.235 | ReturnOfCapital |
| Nov 26, 2025 | $0.233 | OrdinaryDividend |
| Nov 26, 2025 | $0.233 | ReturnOfCapital |
| Nov 13, 2025 | $0.446 | OrdinaryDividend |
| Nov 13, 2025 | $0.446 | ReturnOfCapital |
| Oct 29, 2025 | $0.411 | OrdinaryDividend |
| Oct 29, 2025 | $0.411 | ReturnOfCapital |
| Oct 14, 2025 | $0.389 | ReturnOfCapital |
| Oct 14, 2025 | $0.389 | OrdinaryDividend |
| Sep 29, 2025 | $0.337 | ReturnOfCapital |
| Sep 29, 2025 | $0.337 | OrdinaryDividend |
| Sep 12, 2025 | $0.337 | OrdinaryDividend |
| Sep 12, 2025 | $0.337 | ReturnOfCapital |
| Aug 28, 2025 | $0.635 | OrdinaryDividend |
| Aug 28, 2025 | $0.635 | ReturnOfCapital |
| Aug 14, 2025 | $0.240 | OrdinaryDividend |
| Jul 23, 2025 | $0.892 | OrdinaryDividend |
| Jun 25, 2025 | $0.650 | OrdinaryDividend |
| May 21, 2025 | $0.364 | OrdinaryDividend |
| Apr 30, 2025 | $0.483 | OrdinaryDividend |
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