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OEI Optimized Equity Income ETF

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$26.03
−0.4% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, OEI paid 9.1% in cash and returned 11.0% in total, against 13.6% for SPY.

Why did OEI return +10.9% against SPY’s +12.6%?Is OEI’s payout of 9.7% a year sustainable?What does OEI cost to hold and to trade?
Option income on SPY, paying monthlyCore Alternative ↗Expense ratio 1.02%Fund assets $46m net assets, latest filing (Jul 31, 2026)First traded Oct 22, 2025Benchmark S&P 500 (SPY)SEC filings ↗Every Core Alternative fund ETFIQ coversDividend history

Promise check: DeliveredOver the year to Oct 28, 2026, OEI paid 9.1% in cash and returned 11.0% in total, covering 120.9% of its payout.

Compare with…Trading costsPut to the committeeaskIQ about OEIAdd to portfolioOverlapFlowsAlerts

OEI risk and return scorecard

vs SPY · Oct 2025 to Oct 2026 · 51 weekly returns · dividend-adjusted

Short history · 12 months
OEI +10.9%, SPY +12.6%, Oct 2025 to Oct 2026, distributions reinvested.

51 weekly returns: annualized numbers and ratios need 52.

Return
MeasureOEISPYEdge
Total return+10.9%+12.6%SPY
Price return+1.2%+11.4%SPY
Risk
MeasureOEISPYEdge
Max drawdown−5.6%−8.4%OEI
Alpha vs SPY
MeasureOEISPYEdge
Beta to SPY0.541.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jul 31, 2026
Since Oct 2025
+$45.4m
askIQ: what do these flows mean? ↗

What you earned

OEI +0.4%, SPY +0.9%: total return over one month to Oct 28, 2026.
OEI+0.4%
SPY+0.9%
Paid 0.8% in cash. Price −0.5%.
OEI +5.5%, SPY +6.1%: total return over three months to Oct 28, 2026.
OEI+5.5%
SPY+6.1%
Paid 2.4% in cash. Price +3.1%.
OEI +7.0%, SPY +9.1%: total return over six months to Oct 28, 2026.
OEI+7.0%
SPY+9.1%
Paid 4.7% in cash. Price +2.1%.
OEI +9.9%, SPY +14.1%: total return over the year to Oct 28, 2026.
OEI+9.9%
SPY+14.1%
Paid 7.8% in cash. Price +1.7%.
OEI +11.0%, SPY +13.6%: total return over one year to Oct 28, 2026.
OEI+11.0%
SPY+13.6%
Paid 9.1% in cash. Price +1.3%.
OEI +14.4%, SPY +16.9%: total return since launch to Oct 28, 2026.
OEI+14.4%
SPY+16.9%
Paid 9.4% in cash. Price +4.4%.
askIQ: why did OEI return +11.0% against SPY’s +13.6%? ↗

What it paid

12 distributions · latest Oct 22, 2026
9.1%
Cash paid, 1 year, on its starting price
Report
+11.0%
Total return, 1 year
Report
−2.6 pts
Against SPY
Report
9.7%
Latest payout, annualized on today’s price
Report
$0.21
Last payment (paid monthly), ex-date Oct 22, 2026
Report
Pays monthly.
askIQ: is OEI’s payout of 9.7% a year sustainable? ↗

More on OEI

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Price and total return, 1 year

$26.03−0.4%1 day, priceClose, Oct 28, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

OEI returns by window: total return, cash paid and price change
WindowTotal returnCash paidPriceSPYAhead or behind
1M Sep 28 – Oct 28, 2026+0.4%0.8%−0.5%+0.9%−0.5 pts
3M Jul 29 – Oct 28, 2026+5.5%2.4%+3.1%+6.1%−0.6 pts
6M Apr 29 – Oct 28, 2026+7.0%4.7%+2.1%+9.1%−2.1 pts
YTD Dec 31, 2025 – Oct 28, 2026+9.9%7.8%+1.7%+14.1%−4.2 pts
1Y Oct 28, 2025 – Oct 28, 2026+11.0%9.1%+1.3%+13.6%−2.6 pts
Since launch Oct 22, 2025 – Oct 28, 2026+14.4%9.4%+4.4%+16.9%−2.5 pts
Since launch, annualised Oct 22, 2025 – Oct 28, 2026+14.1%––––

Total returns, distributions reinvested. Listed Oct 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from
Price change −0.5%Cash paid +0.8%, reinvested−0.5 pts vs SPY

0.0%

Price change +3.1%Cash paid +2.4%, reinvested−0.6 pts vs SPY
Price change +2.1%Cash paid +4.7%, reinvested−2.1 pts vs SPY
Price change +1.3%Cash paid +9.1%, reinvested−2.6 pts vs SPY
Price change +4.4%Cash paid +9.4%, reinvested−2.5 pts vs SPY
71.6
IQ Income ScoreETFIQ Distribution Coverage Score47th of 164 · Oct 28, 2026
0.3 · lowest of 164 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

OEI paid 9.1% in cash over the year and returned 11.0% in total, more than it paid out.

total return as a share of the cash paid120.9% · 72nd pct
All 164 ranked by this score →

Money in and out

Monthly data · as of Jul 31, 2026

OEI: in the month to Jul 31, 2026, net $2.1m came in, by its SEC filing.

Since Oct 2025
+$45.4m
Oct 1, 2025 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions OEI files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for OEI, back to Oct 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare OEI with other funds in the flows tool

Month by month, money in and money outOct 2025 to Jul 2026

OEI, money in and money out each month from Oct 2025 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from OEI’s SEC filings (N-PORT item B.6). Of the 10 months listed, money came in on net in 10 and went out in 0.

Every bar is from OEI’s SEC filings (N-PORT item B.6). Of the 10 months listed, money came in on net in 10 and went out in 0.

MonthInOutNet
Jul 2026 SEC Form N-PORT+$2.1m$0+$2.1m
Jun 2026 SEC Form N-PORT+$1.8m$0+$1.8m
May 2026 SEC Form N-PORT+$515k−$512k+$4k
Apr 2026 SEC Form N-PORT+$4.8m$0+$4.8m
Mar 2026 SEC Form N-PORT+$1.8m$0+$1.8m
Feb 2026 SEC Form N-PORT+$1.8m$0+$1.8m
Jan 2026 SEC Form N-PORT+$3.1m$0+$3.1m
Dec 2025 SEC Form N-PORT+$2.6m$0+$2.6m
Nov 2025 SEC Form N-PORT+$757k$0+$757k
Oct 2025 SEC Form N-PORT+$26.9m$0+$26.9m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.

OEI key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$26.69 on Sep 3, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$23.94 on Mar 30, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$26.03, 76% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)0.66, against SPY
R-squared, the same days (ETFIQ)0.77
Beta and R-squared measured over251 daily total returns, Oct 29, 2025 to Oct 28, 2026
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

OEI return of capital and tax

Return of capital, fiscal year to Apr 30, 2026 (annual report, filed Jul 7, 2026)19.4%
Options it writes (holdings as of Jul 31, 2026)Options on the S&P 500 index, which are Section 1256 contracts
Rule 19a-1 noticesnot read by ETFIQ
The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Jul 13, 2026
Trading · OEIas of Jul 13, 2026
·
Not scored1 of 6 measured · Jul 13, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →
Nov 2025Monthly, per shareOct 2026

12 distributions for OEI, $0.1349 to $0.21 a share and $0.2 in the middle, Nov 19, 2025 to Oct 22, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.

Latest
$0.21
Ex Oct 22, 2026 · paid about 2 days later
Annualized
9.7%
At its price on Oct 28, 2026
Trailing 12 months
9.0%
12 payments, ex Nov 19, 2025 to Oct 22, 2026: $2.3449
Return of capital
Not published
No Rule 19a-1 notice has been published for this fund
Next, projected

OEI pays monthly. The last distribution was $0.21 a share, which went ex on Oct 22, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Nov 19, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 19, 2026 · pay Nov 23, 2026$0.21 ETFIQ projection

Expected distributions for OEI. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →
Every distribution ETFIQ holds for OEI (12, most recent first)
Oct 22, 2026$0.21
Sep 17, 2026$0.2
Aug 20, 2026$0.2
Jul 23, 2026$0.2
Jun 18, 2026$0.2
May 21, 2026$0.2
Apr 23, 2026$0.2
Mar 19, 2026$0.2
Feb 19, 2026$0.18
Jan 27, 2026$0.21
Dec 17, 2025$0.21
Nov 19, 2025$0.1349

Cash distributions per share for OEI. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid
ETTY −271.3%DFII −248.3%BITY −221.7%EHY −216.5%BAGY −174.1%BTCI −167.1%BLOX −164.9%YETH −127.5%ETCO −119.8%YBTC −115.9%TLTI −108.8%KLIP −106.4%LTTI −95.1%BTCC −91.8%YBIT −87.5%XBTY −82.9%BCCC −77.7%LFGY −64.4%TLTP −45.3%FDND −33.8%XLCI −32.7%TLTW −30.3%LQTI −27.4%, and 2 more at this point: ULTY −25.3%, HISF −20.4%TQQY −14.5%YMAX −11.1%OARK −7.1%XLYI −6.1%, and 3 more at this point: MAGY −4.6%, EGGY −2.1%, IGLD 0.0%CEPI 2.3%BNDI 5.4%, and 1 more at this point: IAUI 5.6%OVB 9.5%GDXY 9.9%, and 4 more at this point: QUSA 9.9%, XLRI 9.9%, LQDW 10.7%, YMAG 13.0%YQQQ 18.3%, and 1 more at this point: IWMY 18.4%XLUI 24.1%YSPY 28.1%HYTI 28.3%, and 1 more at this point: HYGW 33.0%QLDY 34.6%, and 2 more at this point: OVM 35.7%, HYBI 38.0%RDTY 39.7%, and 3 more at this point: OVT 40.5%, QDTY 41.1%, RDTE 42.2%GIAX 44.9%RNTY 45.4%, and 3 more at this point: QRMI 45.7%, QDTE 48.2%, ACEI 49.1%AIPI 51.0%, and 6 more at this point: GPTY 53.0%, XDTE 53.3%, IWMW 53.6%, SLJY 53.9%, XLFI 54.3%, SDTY 54.5%WDTE 54.9%, and 1 more at this point: QQQY 59.3%YFYA 60.8%XPAY 66.0%OMAH 67.1%, and 2 more at this point: JUCY 68.8%, BIGY 69.2%XRMI 72.3%, and 2 more at this point: FGSI 72.8%, TCAL 74.5%XLII 76.0%XLBI 81.8%IVVW 85.1%, and 3 more at this point: XLSI 85.1%, QQQI 86.9%, CAIE 87.1%WEEL 88.0%, and 4 more at this point: JULJ 89.3%, FTHI 89.8%, TSPY 89.8%, WTPI 90.0%JULH 91.7%, and 4 more at this point: TDAQ 92.1%, XIJN 94.1%, OCTJ 94.3%, LJUL 96.2%APRJ 98.4%, and 3 more at this point: LAPR 100.0%, LOCT 100.0%, RYLD 100.0%KHPI 101.1%, and 7 more at this point: APRH 101.6%, OCTH 101.6%, XIDE 101.6%, JANJ 102.0%, CSHI 102.1%, IWMI 102.7%, XLKI 102.8%JANH 103.2%, and 3 more at this point: LJAN 104.1%, QYLG 104.2%, SRHR 105.9%CVRD 106.7%, and 4 more at this point: XISE 106.7%, JEPI 108.7%, NIHI 110.4%, XIMR 111.8%SPYI 114.3%OVF 116.7%, and 2 more at this point: XYLG 116.8%, RYLG 118.1%JEPQ 122.4%CHPY 124.4%, and 1 more at this point: DJIA 127.7%SCLZ 133.3%PBP 136.8%, and 1 more at this point: DRKY 137.0%BUYW 142.6%SDVD 142.7%, and 1 more at this point: XLVI 147.6%XYLD 149.1%, and 2 more at this point: IQQQ 150.0%, KNG 151.7%GPIQ 151.9%, and 4 more at this point: FTKI 154.4%, USOY 154.6%, FTQI 155.8%, QYLD 156.9%HCOW 157.8%OVL 161.9%GPIX 170.9%NBOS 170.9%SPIN 175.5%ISPY 177.2%, and 2 more at this point: OVS 178.9%, YLDE 184.4%DIVO 192.4%RDVI 196.7%DOGG 202.1%IDVO 204.6%, and 2 more at this point: ITWO 206.3%, SEPI 206.9%TDVI 207.6%, and 1 more at this point: SPUT 210.2%BALI 212.0%PAPI 217.5%XLEI 222.3%MDST 248.1%EIPI 307.9%WEEI 311.6%IDUB 320.4%SOXY 385.7%VEGA 561.5%DUBS 743.5%SIXH 862.5%JOYT 1,787.5%OVLH 2,166.7%OEI 120.9%OEI 120.9%−271.3%2,166.7%
−271.3% to 2,166.7% across 164

That is the share of the 164 income ETFs not writing on a single company sitting at or below OEI.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: 120.9% · 72nd pct, −271.3% to 2,166.7% across 164.

Covered the mostOne bar per fund · OEI in whiteCovered the least
All income ETFs ranked by this score →

OEI top ten by weight, 38.9% of the fund, of its 81 equity positions, from the holdings filed for Jul 31, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.

NVIDIA Corp NVDA 8.22%
Microsoft Corp MSFT 5.93%
Amazon.com Inc AMZN 4.51%
Apple Inc AAPL 4.23%
Alphabet Inc GOOGL 3.44%
Broadcom Inc AVGO 3.01%
Alphabet Inc GOOG 2.76%
Micron Technology Inc MU 2.54%
Meta Platforms Inc META 2.15%
Johnson & Johnson JNJ 2.08%
Fund filings on SEC EDGAR ↗See all 81 holdings →Check overlap with another fund →

Source: The fund’s SEC filing.

About OEI

Strategyoption income
BenchmarkS&P 500 (SPY)
How the benchmark is set (ETFIQ)OEI's prospectus compares it with the S&P 500 Index (prospectus, Form 485BPOS, accession 0000894189-26-023875, filed 2026-08-26): "how the Fund's average annual returns for the 1 year, 5 year, and since inception periods compare with those of the S&P 500 Index, a broad-based securities market index"; SPY tracks it.
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$46mReport
Latest payout, annualized (ETFIQ)9.7%
Expense ratio (485BPOS XBRL, Aug 26, 2026)1.02%Report
Cash paid, last 12 months, over today’s price (ETFIQ)9.0%
First tradedOct 22, 2025
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.21 ex Oct 22, 2026
Cash paid in the 12 months to Oct 28, 2026, 12 distributions, ex Nov 19, 2025 to Oct 22, 2026$2.3449
How we measure
Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method
IQ Investment Committee on OEI

12 seats on OEI, as of Oct 28, 2026: 1 Supports, 1 Mixed, 8 Challenges, 2 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put OEI to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about OEI

How much has OEI paid over the last year?
Over the year to Oct 28, 2026, OEI paid 9.1% of its starting price in cash distributions, while the price rose 1.3%.
Is OEI ahead of SPY?
Over the year to Oct 28, 2026, with every distribution reinvested, OEI returned +11.0% against +13.6% for S&P 500 (SPY), so a holder was behind it by 2.6 points.
How often does OEI pay, and how much?
OEI pays monthly. The latest distribution annualizes to 9.7% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
When does OEI next pay a distribution?
OEI pays monthly. The last distribution went ex on Oct 22, 2026 at $0.21 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Nov 19, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does OEI cost?
The prospectus expense ratio is 1.02% a year.
Sources and dates
Prices, OEI and SPYTiingo end-of-day · Oct 28, 2026
Fee, 1.02%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $46mSEC filing, whole fund · Jul 31, 2026
HoldingsThe fund’s SEC filing · Jul 31, 2026
DistributionsTiingo end-of-day · 12 payments
All fund filingsFund filings on SEC EDGAR ↗
IssuerCore Alternative website ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, OEI, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/oei

The payout bar for OEI, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return
Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.
Autocallable
A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.
Barrier
The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.
Full definitions: income ETFs vocabulary page. →
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OEI: OEI over 1 year: paid 9.1%, price +1.3%, total +11.0%, SPY +13.6%, −2.6 pts. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/oei"><img src="https://etfiq.com/assistant/api/embed/income/oei.svg" alt="OEI: OEI over 1 year: paid 9.1%, price +1.3%, total +11.0%, SPY +13.6%, −2.6 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">OEI: OEI over 1 year: paid 9.1%, price +1.3%, total +11.0%, SPY +13.6%, −2.6 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/oei">ETFIQ</a></figcaption>
</figure>

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