XFUNDS Files for Large-Cap Equity and Options Income ETF

The XFUNDS Large Cap Income ETF (VOOY) combines a portfolio of U.S. large-cap stocks and large-cap equity ETFs with options strategies aimed at generating income and managing risk. The actively-managed fund will primarily use put spreads, call spreads, and selected single-leg options to collect net option premiums that support cash distributions. It will hold Treasury bills, cash, and other liquid assets as collateral for derivatives positions. The non-diversified fund may have high portfolio turnover, and distributions could include return of capital, which can reduce NAV over time.