Key stats
About Peerless Option Income Wheel ETF
Home page
Inception date
May 16, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636J4105
WEEL aims to provide exposure to various equity sectors by investing in sector-specific ETFs and related individual stocks. At its most conservative, the fund allocates equal weights to positions based on GICS, while at its riskiest, it will aim for a beta slightly greater than 1. The fund also utilizes an option wheel strategy, which starts by continuously selling out-of-the-money cash-secured put options with one month or less to expiration. Here, the fund seeks to generate income and potentially obtain shares of the underlying securities. When the reference security is assigned, the fund will repeatedly sell out-of-the-money covered call options, with up to one month to expiration, against the acquired security to generate additional income until the asset is called away. After the completion of each cycle, the fund will repeat the process. The fund also holds short-term US Treasurys and money market funds for collateral.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
ETF
Mutual fund
Bonds, Cash & Other100.00%
Government63.23%
ETF17.13%
Mutual fund17.04%
Cash2.68%
Rights & Warrants−0.09%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
WEEL last dividends amounted to 0.60 USD. The quarter before, the issuer paid 0.60 USD in dividends,
Yes, WEEL pays dividends to its holders with the dividend yield of 12.24%. The last dividend (Jun 27, 2025) amounted to 0.60 USD. The dividends are paid quarterly.
WEEL shares are issued by Toroso Investments Topco LLC under the brand Peerless. The ETF was launched on May 16, 2024, and its management style is Active.
WEEL expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
WEEL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WEEL invests in bonds.