What Is FEPY?
The ETF invests primarily in equity securities of U.S. companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index either directly or indirectly through investments in underlying funds. The ETF uses quantitative techniques in the construction of its equity portfolio and employs a disciplined options-based derivatives strategy designed to enhance income and mitigate overall portfolio volatility by selling (writing) call options on a large capitalization equity index, such as the S&P 500 Index. The ETF aims to generate income from the premiums received from purchasers of the call options.
Set it, forget it, let compounding do the heavy lifting. 💪