SRH REIT Covered Call ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About SRHR
Undernormal circumstances, the Fund invests at least 80% of its net assets in Real Estate Investment Trusts (“REITs”) thatare publicly traded on domestic stock exchanges. In addition, the Fund strategically implements an option strategy consistingof writing (selling) U.S. exchange-traded covered call options on the REITs in the Fund’s portfolio. REITPortfolio SRHAdvisors, LLC (the “Sub-Adviser”), a sub-adviser to the Fund, will select approximately 20-30 REITs for inclusion in theFund’s portfolio based on several quantitative and qualitative factors to isolate candidates likely to provide long-term capitalappreciation and annual distribution growth. These factors include the REIT’s organic net operating income growth (defined as thenet operating income growth attributable to the REIT’s existing businesses, excluding any income derived as a result of corporateactivities, such as mergers and asset acquisitions), the estimated fair value of its underlying real estate properties, the quality ofits underlying real estate properties, and the Sub-Adviser’s assessment of the REIT’s managerial team’s investmentstrategy (i.e. management’s stated strategy in regards to the management and operation of the REIT’s portfolio), experience,and alignment of incentives with that strategy. In addition, the Sub-Adviser considers the REIT’s subsector focus (such as residential,self-storage, infrastructure, office, etc.) in the context of prevailing macroeconomic and industry trends when selecting REITs for theFund’s portfolio. REITsmay be sold when the Sub-Adviser observes a significant negative change in one of the selection factors such as a change in managementor management strategy, the organic growth slows, or the valuation of the underlying assets declines. Additionally, in connectionwith the option strategy discussed below, a REIT may be sold if a call option written by the Fund on that specific REIT is exercised. OptionStrategy TheFund also employs an option strategy by writing U.S. exchange-traded covered call options on select securities in the REIT portfoliowith the goal of generating additional income and selective repurchase of such options. A call option written (sold) by the Fundgives the holder (buyer) the right to buy a certain security at a predetermined strike price from the Fund. The strategy generatesincome for the Fund from the price (premium) paid by the buyer for the option contract. The intention of the Fund is to reducerisk and enhance total return by tactically selling call options on some or all of the securities in the REIT portfolio. The calloptions may not correspond to approximately 100% of the value of the securities held by the Fund, therefore representing a partiallycovered strategy. The Fund is not obligated to write call options on every REIT in the portfolio and at times, it may have veryfew call option positions. The Sub-Adviser determines to sell a covered call on a particular security based on a variety of criteria,including, but not limited to, the premiums available, liquidity of the option contract or underlying REIT, the prospective capitalappreciation of the security, and the market environment. The call options written (sold) may either be traditional exchange-listedoptions or FLexible EXchange (“FLEX”) options. The implications of the written (sold) FLEX call options are describein more detail here: CallOptions – When the Fund sells a call option, the Fund receives a premium in exchange for an obligation to sell shares ofa reference asset at a strike price on the expiration date if the buyer of the call option exercises it. If the reference assetcloses above the strike price as of the expiration date and the buyer exercises the call option, the Fund will have to pay thedifference between the value of the reference asset and the strike price. If the reference asset closes below the strike priceas of the expiration date, the call option may end up worthless and the Fund retains the premium. FLEXOptions – FLEX options are options guaranteed by the Options Clearing Corporation (OCC), that allow investors to customizekey contract terms, including expiration date, exercise style, and exercise price, and expanded position limits. Because FLEXoptions may not trade regularly, a model-based valuation for the FLEX options that references the quoted prices for listed optionsmay be used to value the FLEX options.
SRHR News
Data for SRHR is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.