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SEPI Shelton Equity Premium Income ETF

Covered call on SPY, paying monthly

Over the year to Sep 11, 2026, SEPI paid 7.6% in cash and finished 4.7 points ahead of SPY.

Shelton · Income ETFs · data as of

Key facts

7.6%Cash paid, 1 year, on its starting price
+22.2%Total return, 1 year
+4.7 ptsAgainst SPY
8.3%Latest payout, annualized

Method

ETFIQ Return Stability Score

92.46th of 161

SEPI paid 7.6% in cash and its price rose 13.8%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsSEPI +4.7 ptsSEPI +4.7 pts−38.1 pts+24.6 pts

92.9% of the 161 sit at or below SEPI on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%SEPI +13.8%SEPI +13.8%−75.0%+68.6%

91.9% of the 161 sit at or below SEPI on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark+4.7 pts92.950%
what happened to the principal+13.8%91.950%

All income ETFs ranked by this score · How it is computed

1st of 68 income ETFs writing on SPY, by return against it 87th of 354 income ETFs by net assets

What a holder got

SEPI against SPYSEPI returned +22.2% with distributions reinvested against +17.5% for S&P 500 (SPY), a gap of +4.7 pts. Of that, 7.6% arrived as cash rather than price.+22.2%SEPI total return+17.5%S&P 500 (SPY)7.6% of it arrived as cash

Over the year to Sep 11, 2026, SEPI returned +22.2% with distributions reinvested and S&P 500 (SPY) returned +17.5%, so a holder came out ahead of it by 4.7 points. The lighter segment is the 7.6% that arrived as cash rather than as price.

Its ten largest equity positions

SEPI top ten by weight, 49.2% of its 40 equity positions, from the holdings filed for Jun 30, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
HoldingTickerWeight
ADVANCED MICRO DEVICES INCAMD7.54%
CATERPILLAR INCCAT7.20%
MICRON TECHNOLOGY INCMU6.53%
APPLE INCAAPL5.24%
ALPHABET INCGOOGL4.68%
NVIDIA CORPNVDA4.04%
GOLDMAN SACHS GROUP INC (THE)GS3.91%
MICROSOFT CORPMSFT3.42%
AMAZON.COM INCAMZN3.36%
JOHNSON & JOHNSONJNJ3.31%

Method

Period by period

SEPI over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSPYAhead or behind
3 months2.2%+3.9%+6.2%+3.3%+2.9 pts
6 months4.7%+13.9%+18.9%+16.0%+2.9 pts
1 year7.6%+13.8%+22.2%+17.5%+4.7 pts
Since launch7.7%+15.8%+24.3%+19.1%+5.2 pts

Method

When SEPI pays

SEPI pays monthly. The last distribution was $0.2 a share, which went ex on Aug 28, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 30 days the ex-date falls near Sep 28, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for SEPI. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 28, 2026Sep 30, 2026$0.2ETFIQ projection from the fund’s own cadence
Oct 28, 2026Oct 30, 2026$0.2ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for SEPI (10, most recent first)
Cash distributions per share for SEPI. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Aug 28, 2026$0.2
Jul 30, 2026$0.2
Jun 29, 2026$0.2
May 28, 2026$0.2
Apr 29, 2026$0.19
Mar 30, 2026$0.19
Feb 26, 2026$0.19
Jan 29, 2026$0.19
Dec 30, 2025$0.19
Nov 28, 2025$0.17

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Sep 8, 2025, SEPI has returned +24.3% with distributions reinvested, against +19.1% for S&P 500 (SPY), and has paid out 7.7% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 8.3%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

SEPI (Shelton Equity Premium Income ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategycovered call
BenchmarkS&P 500 (SPY)
Paysmonthly
Net assets (SEC filing, whole fund, as filed for Jun 30, 2026)$152m
Latest payout, annualized (ETFIQ)8.3%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.54%
Cash paid, last 12 months, over today’s price (ETFIQ)6.6%
LaunchedSep 8, 2025
Paysmonthly
Typical gap between ex-dates30 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.2 ex Aug 28, 2026
Sum of the last 10 distributions$1.92

Every figure 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. How these figures are computed

Questions people ask

How much has SEPI paid over the last year?
Over the year to Sep 11, 2026, SEPI paid 7.6% of its starting price in cash distributions, while the price rose 13.8%.
Is SEPI ahead of SPY?
Over the year to Sep 11, 2026, with every distribution reinvested, SEPI returned +22.2% against +17.5% for S&P 500 (SPY), so a holder was ahead of it by 4.7 points.
How often does SEPI pay, and how much?
SEPI pays monthly. The latest distribution annualizes to 8.3% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does SEPI next pay a distribution?
SEPI pays monthly. The last distribution went ex on Aug 28, 2026 at $0.2 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Sep 28, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does SEPI cost?
The prospectus expense ratio is 0.54% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
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
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
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
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

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SEPI payout bar, ETFIQ

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<p><a href="https://etfiq.com/funds/sepi">SEPI payout bar, updated daily by ETFIQ</a></p>

Where SEPI is written about

SEPI, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open SEPI live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, SEPI, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/sepi Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources