WEEL – Peerless Option Income Wheel ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income. The fund is an actively managed exchange-traded fund (“ETF”) that seeks current income. The fund’s strategy consists of two main components: firstly, investing in a range of sector-specific ETFs and, in some instances, individual securities; and secondly, implementing an “option wheel strategy.” The option wheel strategy focuses on writing options on the fund’s holdings in these sector-based ETFs and individual securities. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
WEEL	Peerless Option Income Wheel ETF	ETF	Open	—		May 15, 2024	$49.49M	0.990%	—	—	$25.34M

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