The fund seeks to outperform iShares 0-3 Month Treasury Bond ETF (SGOV), in absolute return and provide enhanced monthly income. The fund is an option overlay bond index ETF comprising 0-3 month Treasury Bills and an income-generating option-spread portfolio. The fund maintains a zero expense ratio and charges a variable performance fee only when the fund return exceeds the return of SGOV.
* The fund charges a variable performance fee with a high watermark provision. The performance fee comprises 30% of the fund's excess return, if any, above iShares 0-3 Month Treasury Bond ETF (SGOV) total return.
NAV $0.01
as of xx/xx/2024
YTD Return 0.01%
as of xx/xx/2024
YTD Return of SGOV 0.01%
as of xx/xx/2024
30-Day SEC Yield 5.31%
as of xx/xx/2024
Expense Ratio 0.00%*
Fund Facts
Summary Prospectus
Stable 0-3 Month T-Bill Income Plus ETF
STB
Overview | Performance & Distribution | Fees | Holdings | Fund Documents
Overview
The Stable 0-3 Month US Treasury Plus ETF seeks to:
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​Outperform SGOV, an iShares bond index ETF, in absolute return.
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Provide enhanced monthly income.
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The fund comprises 0-3 month US Treasury bills as the primary portfolio and an income-generating option spread portfolio as the secondary one.
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The potential benefits the Fund offers include:
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To provide enhanced monthly income.
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To offer the opportunity to obtain an extra return above the benchmark index return.
Key Fund Facts
Performance & Distribution
Performance
Key Facts of Distributions
Distributions per Share
Distributions History
Fees
Annual Fund Operating Expenses
Variable Performance Fee
30% of the return generated by the tail risk hedge portfolio or, equivalently, the excess return the entire Fund portfolio makes above the return from iShares 0-3 Month Treasury Bond ETF (SGOV). The performance fee includes a high watermark provision, requiring that the cumulative capital loss, if any, the tail risk portfolio incurred in the past be fully recovered before the Fund charges the performance fee.