THE NIGHTLY FACTOR

追加: 2026-05-28

[00:00:01]Hello everyone. What is up? See, you just got finished watching the Daily Factor.

[00:00:07]Um, yeah, it was a good one as always. As always, I was going, "Yeah, that snowflake was interesting. That's a That's a badass trade. Badass strategy."

[00:00:19]All right, let's check the market.

[00:00:22]Let's check the market.

[00:00:26]Um, let's do this.

[00:00:32]Yeah. Do you have any snowy aliens, man?

[00:00:36]It'd be nice to have some snowy, wouldn't it? It looks like it's going to be up 25 30% in the morning. Not capped.

[00:00:44]Uh not capped on the upside. Um all right. So, let's check out the old market really quick. See what's going on. The close was good today.

[00:00:58]The close was bullish. I bounced into the close.

[00:01:01]Anyway, it looks like uh the market's pretty much unchanged.

[00:01:05]Bitcoin's down a quarter point almost.

[00:01:09]All right. The market is dead. We got uh Hey, good evening. Thank you for being here.

[00:01:17]You've been here before, haven't you?

[00:01:19]I've seen your name in here before.

[00:01:21]Anyway, thank you for being here. Snowy.

[00:01:23]Yeah, Snowy's incredible. I'm more I mean the fund who can I mean I'm I'm in love more with the strategy how they how they've reverse engineered the system to have a trade that has unlimited risk unlimited profit potential and but doesn't have unlimited risk on the downside. Anyway, we looked at that. Uh that's the profit and loss curve of this thing. Yeah, like I say, people think Yilmax is capped, but it's not really not hard capped anyway. Um, all right.

[00:01:53]So, uh, hey, what's up, Chadwick, sir?

[00:01:56]Or I should say, Sir Chadwick. Oh, we got, uh, Jonathan here. Hey, bud. Mr. Ambassador, I should say I love QLDY.

[00:02:05]Um, here's the only warning with I love QLDY just as much as I love OVL or as much as I love blocks. Those those all use the same type of option strategy where they actually uh have uncapped upside just like this in a similar way to this strategy. Different but similar can can keep going up just as far as the stock goes up. Um but unlike this unlike the yield max strategy which also gives you downside safety the uh that strategy the lighting spread strategy is more aggressive. It gives you more upside than this strategy to be fair, but it's it's unlimited just like this strategy.

[00:02:44]Um, but it also gives you a little bit more downside. It's think of it like leverage. Um, so OVL is like having a hundred and probably it's about like having 10% leverage. So, uh, that's the same thing with QLDY. It's just a leverage bet on the Q's. It pays an income, but it, you know, but you get it, you should do a little bit better on big up days, but you do a little bit worse on big down days. So, it's better if the market's going up for sure.

[00:03:12]Whereas, if the market was going down, a strategy like this, one of the yield, the cover call spread strategies would work out better, but the spread strategy Allah QLDY and OVL is a badass uh strategy, especially in a bull market.

[00:03:25]Okay. Hey, Bon. All right, we've got folks here. Let's uh let's get the show on the road.

[00:03:31]So, it is a safety Wednesday. Let's start with the worst ETF. The way to find the worst ETF, and there's not any really bad ones on here because it's safety Wednesday. So, all of these are at least safe. They may not all be great, but um but in any event, let's start with the highest yield. Usually, the highest yield is is oftentimes the worst ETF.

[00:03:54]Now, in tonight's case, not it isn't because the highest yield is SATA from Strive, which is priced at 100. Doesn't have a lot of upside potential. It was only up about three and three/4ers, but it it pays a good steady yield, 14%.

[00:04:10]Tons of yield profit margin at 105%, tons of stability in the price of the underlying at 152%.

[00:04:17]So, you could definitely do worse than SATA.

[00:04:21]Um, Big Y, Big Y's from YieldMax. They run those covered call spreads like I was just showing, but they run them on individual stocks, not on an index, trading at 53. The NAV is up about 5% on the quarter, which is better than SATA, but not great. Jackson, what do you want, buddy?

[00:04:39]You got food. What do you want?

[00:04:42]Hang on here. Do you want this?

[00:04:47]Is that what you want, Jackson?

[00:04:51]All right. I think that's what he wanted. I gave him a treat. He has a uh it's his last treat or he's been chewing on that one for a while. Um All right.

[00:05:01]All right. All right. All right. So, let's go through these. Uh so, anyway, Biggie is only up 5% on NAV. I mean, I guess that's all right, but not that impressed really. Yields 11 and a half, but tons of yield profit margin. 172% profit margin. So actually in that sense it's actually doing a little better than SATA which isn't doing bad. And uh this one has 112% stability meaning it is uh lately anyway it's been it's moved around 12% less. That's not right, is it? Yeah, that is right. It's moved around 12% less or it's 12% more stable than the SPY. It's called the stable deck. So higher is better because more stable is is generally preferred. Um FAR, this one's probably pretty stable.

[00:05:49]Also, it's trading around uh 35 and a half.

[00:05:54]It's up 11% on NAV. Now that's impressive in 90 days. That's a lot more impressive. I mean, it's not bad being up 5% in 90 days, but I would have hoped for more out of Big Y. Anyway, 11%'s good. Now, unfortunately, unlike Big Y, this pays less yield. that only pays nine and a quarter. Tons of yield profit margin, tons of safety. This is 109 on the stable decks, but more stable than the market. Good job, FAR. This is triple QH. It's based on the NASDAQ, but they sell off upside to buy downside protection trades called a collar. It's the same strategy that ulty does and other funds. But anyway, uh, Triple Q does it on an index on the Q's. So you look at Triple Q's upside, it's about the same as Big Wise. It's up for I think Big Wise was up a little bit more like 4.94 4.49, but in any event, but you know, kind of not that impressive and especially if you consider that uh Triple Q from NEOS also pays a smaller yield. So to me, uh Big Y looks more impressive on this comparison. Triple Q does pay for its keep. Yield profit margins 203%. So, not a bad fund at all, at least not lately. Now, EDGQ. Now, I'm going to expect better stuff out of this one or EDGX, I'm sorry. Um, this is from Global X. Trades around 27 bucks. It's up 6.36% on NAV. Now, that's a little better. Unfortunately, it just pays 8.37%.

[00:07:29]All of these are going to have good stability and good uh profit margin on the yield. That's how they got on here.

[00:07:35]None of the all of these or none of these are going to pay too much yield and none of these are going to be on a single stock based on a you know, you aren't going to see Maro ever on this list. Let's just say that because this is the this is the 25 safest out of all these high yield fund. The high yield funds aren't super safe because they're paying you a lot of yield. But but out of that subset, we have we follow 400. Now, these are the 25 safest. I think they're 414 was our last uh count. All right.

[00:08:09]GPIX from Goldman Sachs. This is a safety guy. I mean, for sure. Trades almost at 56. NAV's plus 5.3 yield 7.87. Tons of yield profit margin.

[00:08:21]Could have paid more yield. 97% on the stable index. That's, you know, same stability of stock. It's based on the S&P, not I mean, basically same CFS from Saba. Let's take that off the screen there.

[00:08:38]Um, all right. CFS. This is an ETF of closedin funds. It's a closed-end fund to fund, a CFS.

[00:08:47]Um, it's from Saba. Uh, trades around 25, a little bit more. NAV's up seven and a quarter. That's not bad. Pays about 7 and a2% yield. A little bit more actually.

[00:08:59]Not bad. 379% yield profit margin. It's an 88% on the stable decks, which is actually the least stable of all the ones we've seen so far, but they're all pretty stable. I mean, 88% on the stable decks is pretty high. Like last night, I don't think we had any funds that were 88%. I think the highest fund last night was like was like 71%.

[00:09:23]Um anyway, I had last night's up, but it's not up anymore. All right. Um All right, let's see how Bali does. Bali is from Eyesshares.

[00:09:35]Treads around 34.

[00:09:38]Uh NAV is up 5.67.

[00:09:41]Yields about seven, a little bit more than seven and a half. Same as last times, same as CFS's yield. Just pick your pick which one you want. They both pay the same yield. Now, um they both have good yield profit margin. This one's a little safer than CFS. This one's at 99% on the stable decks. Obali does a good job. They're from Eyesshares.

[00:10:06]Um SPY. Now, this is one of those ones that sells off upside to buy downside protection. And with whatever's left over, they pay you a little yield. Well, a little yield comes to about seven and a half%. Unfortunately, because they sold off all their darn upside, they only caught 2% NAV upside, but I'm sure they did it in a real safe manner. Sure enough, it's 107% yield profit margin and 140% on the stable decks. I mean, that's pretty dang stable when you're 40% more stable than the spy.

[00:10:40]That's, you know, and you can't really, you can go down, but you'll only you'll only go down about half of what the spy does. That's in essence what they're doing. When they sell calls to buy puts, it's not really a target. But I've noticed these guys get like about half the downside. If you looked at them back in April, you know, the market was down 18 and and these were down eight or nine, eight, nine, 10, something like that. So they in essence it's about it's a buffer fund. They get half the downside but they also get a lot less upside. You can see this quarter massive face ripper they're only getting 2% upside where something that's unconstrained like a GPIX was able to get 5.39% upside.

[00:11:22]Well it's not GPIX also sells off upside but they don't have to sell off upside as aggressively. They can go further out of the money. But these guys down here at SPY have to sell pretty aggressive to be able to finance a put hedge and to be able to finance a payment.

[00:11:41]You know, GPIX just sells options and just finances the payment. They don't worry about the put hedge. All right.

[00:11:47]Um, Sirloin, this is senior loans. It's from State Street. It's up 1% on NAV. Pay seven and a half% yield. This is the first one that didn't have a 100% yield profit margin. This darn yield's only about half paid for this time. Um, HYHG, these are high yield corporates, an enhanced high yield corporate type situation. NAV is plus uh 1%. We're going to give them credit for the four bits right there. All right. NAV's plus 1% yield is uh 6 and 3/4. Uh just 57% on the profit margin, but tons of stability.

[00:12:29]stability all day long. Both of these last two sirloin's three times more stable than the market. Hyg is two and a half times more stable than the market, but they're both fixed income.

[00:12:40]Traditionally, fixed income is more stable than the market. So, it does doesn't really surprise me. I bet this HYGH is pretty dang stable, too. This one is high yield cored structure. They sell premium. Anyway, uh NAV's pretty much flat. I mean, it's up about threequarters of a point. pays 6.65% yield. The yield's about 43% covered, but yeah, it has 250% on the stable decks, two and a half times more stable in the market. Okay, Kspot, here's another one that's safe uh in the sense that they sell off uh upside to buy downside protection and they managed to pay a small yield with what's left over somehow. Anyway, the see they've sold off upside and they only got 2.63% 63% upside which is actually a little better than spy I believe. Yeah, they're doing about 10% better than spy. Um Kspy uses a kind of a they use a variable structure. They have a some a system and sometimes they'll uh they they do different structures, but basically they're selling calls to buy puts in some manner. Um all right. Well, that yield's kind of small at 6% a little bit over, but it's paid for. 171% yield profit margin. You also have 160% on the stable decks. So, that case buy is a good looking um hedged equity fund.

[00:14:08]All right. And then we have Riser. This is fixed income. I'm sure this is super safe. Um it's fixed income plus an interest rate hedge. So, it's kind of a long bet on interest rates. In any event, they're up 2.74% on NAV, paying 5.9%, 186% yield profit margin and 219% stable on the stable decks, twice as stable as the market. YLDW from Westwood Holdings trading around 26, almost 26.

[00:14:42]Um, NAV's only up one and three/4ers, but this thing's paying 5.8%.

[00:14:48]It's all profit. And these guys are 129% on the stable decks. Lots of good ones in here for safety. We have SC from Sterling Capital. I think this is a hedged equity thing also. Pretty sure it is, you know. And I meant to ask somebody. I had an interview the other day.

[00:15:11]Who was it with? And the guy that I interviewed, was it Eric from OVL or No, was it Sunny? Anyway, the somebody I interviewed the other day, I was looking and there the subadvisor for this fund.

[00:15:25]Starting capital. Anyway, it's hedge equity sell calls to buy puts. Um, should have about half the downside, but also less upside. You can see in April they dropped from 425. That's it. looks to me like they dropped about as much as the market did in in in March. But um but in any event uh yeah it is it is definitely hedged equity premium income. So all right uh the yield's not very much though.

[00:16:07]The yield is only, you know, 5.7.

[00:16:12]All right. Spud. Spud is the stability champion. Trades almost at 29, 28 and a half, something like that. Uh, yield is plus or I'm sorry, the yield's five and a quarter, a little bit more. And the NAV is plus nearly 8%.

[00:16:27]That yield is totally paid for six times over. Plenty of stability. 144% stability. you can do much worse than sput QG. Now, this one's kind of a different case. This one's based on the NASDAQ and it's not a hedged equity fund, but it makes the safety list. What they do is they don't one one thing they do that makes them a little bit safe is they don't try to pay a million% yield. They they only sell options on half the portfolio.

[00:16:57]So, they get a lot of upside, but they also get a lot of downside. It's not a huge hedge, and they only they pay a small yield of 5%. Whatever, though. But look at this upside here. 10.62%.

[00:17:09]Now, this is going to be the least safe one on the list. And it is. It's an 82% on the stable decks, but still that even though that yield's small, it is most definitely paid for by the growth of the assets. Of course, it's been a good month for the Q's. Then we have Ice SPY on here. That's a mess up. It doesn't really trade that much, but this stuff is right. It's up 4%. Well, let's go check.

[00:17:32]Actually, let's go check.

[00:17:34]See? Yeah. Yeah, it darn sure is right.

[00:17:37]Okay. Um, all right. Uh, up nearly 5% on NAV.

[00:17:45]Well, no, it's up 4% on NAV and it pays nearly 5% in yield. It's covered and it's a 90 on the stable decks.

[00:17:54]Um, all right. Then we have QDPL. This is from Pacer. based on the cues it has uh I think four times or six times I think four times leverage on the dividend or no I think six times actually because look the yield is 4.76 what what's one what is the uh I guess we'll just look QDP it says it in the name it says multiplier 400 I think it's six times multiplied though uncapped upside. No, four times the Oh, four times the dividend of the S&P 500.

[00:18:39]Even though it's called Q, the Q does isn't for NASDAQ. The Q is for quad quad dividend whatever. Um, okay.

[00:18:50]So that so the so that would make total sense. You multiply I think the the spy what does it pay 1.1 and you multiply let's go see right here well they're saying a percent so you multiply a percent times four and it come out about 4% which is what this thing's doing a little bit more actually 4.39 um or no actually 4.76 good job good job that yield's totally covered six times over and it's 89% on the stable decks And really they don't do anything special there because they don't sell any premium. They don't buy any puts.

[00:19:31]They don't do anything except leverage the dividends. But the reason so you would think and it's based on the spy.

[00:19:36]So it ought to be 100% on the stable decks. But it's only 89 and the only factor that changes this from the spy is the 4x dividend. When you're paying when you're paying that kind of yield, it adds it'll add a little bit of risk.

[00:19:52]um because it just m it's that big of it's that much more of a hurdle that the underlying has to get over. So it it's gonna it's going to be priced accordingly. Um even though these are all really safe but uh can Q from Alamos this one Calamos this one is based on the Q's and it's a hedge equity. It's uncapped on the upside. I think what they do is they just buy a lot of fixed income and I'm not exactly sure how it works but it's uncapped. They don't sell calls to finance their their hedges. Um I think they just use leverage and um and then they have like 90% they do it the smart way. Then they have like 90% T bills that are earning free money for them and then they probably use futures contracts or or synthetics to leverage the Q's. They get the Q's upside but basically a payment like you know fixed income. And look at this. It's working.

[00:20:44]There's 6% on the NAV.

[00:20:47]Um, and they're plus 4.39 on the uh on the yield. NAV's paid for or the yields paid for five times over and we got a 97 on the stable decks.

[00:21:00]That's good engineering. They've engineered a NASDAQ based investment that has the same stability as the SPY but pays a 4.39% yield and can catch upside.

[00:21:13]Now, it's not even though it's unconstrained on the upside, it's not capped. It still doesn't get one for one upside because the SPY this quarter is up 8.27. It gets about 80% upside it looks like. But that's the cost of the leverage or or however you want to look at it. But in return for that, you get you get 90% free money by the the T bills.

[00:21:39]You know, um all Curves coming out with a plan like that. you guys that don't like synthetics. Well, you want to stay away from this one. But um but no, synthetics are actually better. They're just misunderstood. Anyway, Curve's coming out with one that's doing the same thing as can. I mean, I read the perspectus really quick today. It's not out yet, but it looks to me like they're just leveraging up the spies, putting the rest in fixed income for stability.

[00:22:04]um or not leveraging up but using synthetics to get spy exposure and putting the rest in um in fixed income.

[00:22:12]Uh which is a smart way to do it I think. Um all right AC in from first trust.

[00:22:22]Uh this is this is auto calls which is which is kind of like a barrier option which is like a put spread. So it's so this is most definitely hedged and they do sell off upside essentially for downside protection. So they didn't get a lot of upside plus 3.42 and it they haven't paid a lot of yield yet but it's all in a real safe manner. Whatever they're doing they're doing it in a safe way.

[00:22:46]Good job AC.

[00:22:48]I think the numbers on this are going to change because they went two months without paying a payment. Then they just paid a payment lately and I think that the numbers will get be more realistic as as they paid a second and third and fourth payment. All right, SCD from Suave. This one is um this one is up 3.3% on NAV and pays three and a quarter on yield.

[00:23:16]407% yield profit margin and 125% on the stable decks.

[00:23:23]Good job, SCHD. Bad job on the low yield, but I mean it it does well in every other category outside the low yield. Speaking of low yield, we got Amplify. We got cows from Amplify.

[00:23:34]Does is this really pay that low? I'm thinking this may be a mistake. Doesn't this pay 12 or something?

[00:23:40]No, it really does pay that low, but it pays monthly, so we'll leave it on the list. I mean, sometimes dividends pay more, sometimes they pay less. It doesn't look like they sell any premium.

[00:23:51]It looks like they just invest in, you know, dividend stocks. What kind of dividend does Dell pay?

[00:24:00]Threearters of or about 8/10 of a percent. Okay. Anyway, it looks like they just that's an index of blue chip tech dividend companies, some techs, insurance, manufacturing.

[00:24:13]Allison transmissions, very famous uh brand of transmissions.

[00:24:22]All right.

[00:24:27]All right. And then the last one on the list is V 100. This one also pays a tiny yield. I'm just keeping it on here because why? I don't even know why I keep this one on here.

[00:24:41]Yeah, this one doesn't belong on there.

[00:24:43]It needs to go off because it if it paid monthly, I'd keep it on there, but it just pays yearly. So, that one absolutely This one's growth only. It doesn't belong to be on here.

[00:24:54]Um, does pay a 1% dividend, but it's not really an income stock because it's just once a year. So, it's definitely not made for the factor. So, let's forget about that one. All right. We usually go next and rank on safety, but they're all going to be safe on this one. The most safe is uh sirloin is the fixed income stuff. Sirloin, which is bank loans, hygiares and eyeshares version of the same fund.

[00:25:22]Um, riser is really interesting. I've talked about that a million times. And then we have down here at 167% on the stable decks the auto callables that has a great big barrier option on it. And then K spy is fix is a a caller.

[00:25:38]So those are real safe. Anyway, all right. That's that. So let's just say these aren't really supposed to be max factor stocks. These aren't the kind of stocks that you're trying to max out everything. But let's just say if we rank these, which one is the highest max factor?

[00:25:54]and it'll be F A R. I mean, it is it does have 11.6% NAV return and is paying a 9% yield. I mean, it's this one's good on both list, but if we're ranking it by the by the max factor for the most of everything, actually number two would be sput with the 5, you know, 29% yield. a big big why even though they haven't had a great time when you're just looking for the most of everything they're paying a pretty big yield compared to the rest of the field you know and also SATA's paying a big yield also just isn't doing quite as well on upside as uh big white so anyway that's so if they were ranking on the factor which is a swing trading timing system whatever f a r f a rut q i l big y c would be our top five All right, but for tonight the winner is yield safety number one, sput.

[00:26:50]Good job, spud. I mean, how can you argue with spud? It's up eight. It's super safe and it's still up 8% on nav.

[00:26:57]Lots of these super safe ones have really low nav. Either that or a really low yield, you know, or or sometimes low both, but I mean sput doesn't have low nav. 8% in a quarter. What is that?

[00:27:10]That's like in a year that'd be like 32% before compounding, you know, and you're getting a yield on top of that. So that's not exactly low nav return, but ACN uh some of these other ones kind of do have low nav return. Can or not can um SATA only, you know, returns three. So sometimes you're always having to trade something. But anyway, as far as yield safety goes, first is sput. So these are the absolutely the mathematically the safest funds on uh on the list when you can especially when you consider sus the sustainability of the of the yield. So most of these the reason they got on here is because of the low yield. I mean low yield really helps for yield sustainability. It puts less pressure on the fund. Um, but there's some good ones on on, you know, the safe list of sput. Acyn, sd, riser, f. The overall winner tonight is going to be far is far is first on max factor or no far.

[00:28:20]Okay. Spud is Spud is first on yield safety and second on the factor.

[00:28:29]So yeah, Sput's the overall winner tonight.

[00:28:33]Sput is definitely the overall winner.

[00:28:37]Um, hey, good evening from the West Coast. We got Norman checking in uh from the South Bay area of uh Los Angeles. We got Eric here as well. Hey, Eric. Uh yeah. What's Rex doing? Is what's is you mean just because it's shutting? Yeah.

[00:28:56]Yeah, man. I love QLDY. Uh there's there's only like five or 10 funds out there that trade that strategy.

[00:29:04]Um and the strategy is where you sell put spreads, but you don't just sell a put spread, you sell a put spread in addition to owning the stock. So it or a synthetic. Um, so it's like leverage and the good news is you you sell the put spread and you own the stock. So when the market goes up, puts expire worthless and the stock just goes up just as if you just had stock. There's no capping there's no uh capping behavior involved at all. So that's the good news. So you get you get all the upside of the market plus the little bit of premium from the decay off the puts.

[00:29:43]But when the market goes down big, um, you're you lose just like you would if you had the stock one to one. You know, stock's down a percent, you're going to lose a percent because the stock's down a percent. But it's going to if it runs through your put strikes, which it often does in a big down move, then you also get the max loss from that. So you get all the downside of stock plus a little bit, but you also get all the upside of stock plus a little bit. So, it's just a different way of doing it. But, uh, so be careful with those, but in a bullish market, there's I mean, it's a great strategy.

[00:30:17]So, the the funds that do that similar strategy where they're uncapped on the upside, selling put spreads is blocks, bl um, qldy, majo, and meany. ULTY does a variation on that strategy. ulty from Rex uh gets tons very similar. Um but there's not very many funds out there that do that that have that uh blocks. I guess there's also a few other funds from X funds. There's uh blocks and there's FAX and GX do that on parts of the portfolio. So yeah, but that I think that's kind of the preferred way to to go. But all I'm trying to say is don't expect a cushion on the downside because you get a reverse cushion. uh you know, you pay a little bit of extra.

[00:31:12]Well, on QLDY, uh good question. Um they haven't I'm trying to think I can't remember from doing my taxes. Um uh QLDY. Yeah. The strategy is called a lightning spread or a put spread. Oh yeah, there's there's Okay, those are the five I mentioned that are the high yield. And then there's also OVL um which is overlay shares and they do the same strategy and they have three or four funds that do that. They have OVL, OVF and OVs and I think the bond one does something a little different but they there's another handful to do it.

[00:32:01]Yes. And as far as OVL goes, it's virtually all rock. And I'm pretty sure this is this is too. Um, but we I was going to look at the at the uh let's see QLD.

[00:32:19]I was going to just check out the website. They usually um they publish the the rock. Let's Yeah, lots of times they do. I'm trying to think uh I see a tax insert. Uh amount amount uh distribution.

[00:32:41]Um 191A.

[00:32:46]Yeah, I think this will be it.

[00:32:51]Uh this one was only 13% rock. So the rock doesn't make it tax efficient.

[00:33:00]And it just just it just delays the taxes. It defers the taxes. I mean, but I mean, it doesn't mean mean you don't you won't owe them eventually. Um, but on on OVL, it's 100%. Now, this is just for one payment, you know. Um, that's just for the current distribution.

[00:33:24]This this is not rock. This is something else. that it is that's just when you get interest from the government through T bills you have to report it a different a different way uses real stock they don't use synthetics or no they do use synthetics okay smartly they don't use real stock um so they would get a bunch of T- bill interest they got a they they have a bunch of a bunch of fixed income in here or some fixed income let's just Okay.

[00:34:02]But so yeah, on the tax efficient um does anyone have qldy? Hey. Yeah, you're welcome, man. You're welcome. Thank you very much.

[00:34:17]Um yeah, that was very nice. Thank you very much. Um, let's look at the Defiance has a page where they show all of the uh I'm not going to give up on this yet.

[00:34:32]Uh, but we can also look at the master. Um, I swear to God I had this up.

[00:34:43]Um, QLDY there's a page I've seen before where it shows uh all the the most recent payouts and then the percentage of rock on each.

[00:34:56]Um so let's say but the other thing that makes it tax effici Well so here's the other thing what income they do make see these options these say index well an index options an index option so that right there even if none of it was rock even if they don't give you back any real money or or can't they don't always do that to get rock they could just make it look like they do and sometimes they actually do also But uh e but even if there's no rock, it's you still get the 6040 tax treatment because of index options. And so and so this this this call right here is a deep in the money call and they don't have stock. They just buy this call that's way way in the money. It moves up and down just like stock does. Same difference, just synthetic. Um, so even if they can't declare a rock on that, uh, it's only it's 60% long-term capital gains. So it's only 40% short-term capital gains.

[00:36:03]So that's the reason to use index options. And a lot of funds uh, use index options. Let's go look. Here's something else you have to watch out for on the tax efficiency.

[00:36:13]Um, let's go see if they paid a big end ofear payment. Sometimes the ones that don't use stock that use a synthetic have to realize the gain and give you a huge end ofear payment, but these guys it doesn't look like did that. I know some of the guys in my room don't like when that happens because you get one thing you it makes a it makes a ton of decay. Um the most notable one that does that is XDTE.

[00:36:41]They and they gave two gigantic end ofear payments. they that's the case against using synthetics is sometimes you have to realize the gain but Yulmax seems to find a way around it but Roundill doesn't so um I'm going to say it's it's fairly tax efficient um you have QLDY yeah I do too I just uh I just pay I just put numbers from the from the um tax form on there and just write that you know and just pay whatever I I I never I didn't really check for how tax efficient it is anyway Anyway, um yeah, it's a great long-term position. I mean, you know, I just um I just I'm a little bit nervous because people, you know, people go to OVL and they're putting all their money in it.

[00:37:26]Now, OVL does the same thing as QDI.

[00:37:29]Nothing wrong. I mean, it's your money.

[00:37:30]You do what you want with it, but it's they they think they're just making an investment in an index um and getting 10% free money, but that's of course that's not the case. an OVL is one of the better ones out there, maybe the best one out there, but so uh you know it be cautious with it is all is all I was saying. Um because it it because treat it if it's as if it's leverage. You get about 10 extra percent in each direction. So doesn't mean that you don't want to allocate to it, but maybe just just be aware of that.

[00:38:05]Um in fact I was looking at this today here illustrate I mean if you're OVL is awesome and if and it is close to having an index this is if you take every dividend and spend it um you you've and you've had it for since Janu since for six years the the indexes are up 152%. You're up 132%. You caught about 90% of the upside.

[00:38:41]So that's amazing. And when you factor in the dividends you got, you've actually outperformed a little bit, but you spent those dividends along the way.

[00:38:49]So I don't think it's fair to count them. And so it's not just like having an index, but you could. The other caveat to it is the the uh dividends used to be low. They've only it's only 5%. So it's not like it's enough to live off. It's not like it's paying you 25% and you can, you know, and you can live off it for free. But you catch, if you're spending the dividends, you catch about 90% of it's, you catch about 90% of the upside of having it. So, it's good. I would expect QLDY to QLDY pays about three times the yield of OVL. OVL pays 10. QLDY pays 30. That's going to introduce a little extra risk to QLDY. So it might catch, you know, 75% of the upside over a five or six year period, but you know, or 70 maybe. I mean, but yeah, I I like the heck out of it. It's one of my core holdings, too. It's my It's my holding that's doing the best lately, to be to be sure. Um I liked it so much I think I bought it pretty much when it came out.

[00:39:51]Yeah.

[00:39:52]Um I you know but here's what I say when I mean extra downside. So you know in the down market QLDI was down 12 and triple Q's were down eight.

[00:40:06]So if that been a bigger pullback and the triple Q's were down 25 like in 2022 or they were even down like 30 or something. Anyway, let's just go with the 25 example or 8 time 3 which is 24.

[00:40:18]The Q's were down 24. this thing would be down uh 48%. You'd lose half your money. Um now that's price change only.

[00:40:27]You're getting a yield. I mean when you add in when you add it back in the dividend, but like I say, it's almost not fair because you're living off the dividend. But but factoring back in the dividend, you're still underperforming the cues uh by a fifth by 20%.

[00:40:44]Or you're so I mean so just be cautious with it. it's leverage, you know, but then when the mar as the market recovered, including dividends, you're a little bit ahead of the cues, like I always say, you spent the dividends. So you you're you're left with the stock that has 11.75% return in a time where if you would have been in growth, you could have got 20.

[00:41:06]So you got 12, you got six 610, you got 60%. you got 60% of the market upside, but you're getting a bi-weekly dividend of 30% on your money. And when you include the 30%, you're actually a little, you know, so if you're reinvesting it, for God's sake, you're ahead of the Q's. So, yeah, it's a badass fund. Or or maybe you're, you know, maybe you're only living off a third of it and putting the other two/irds back in QLDI. Yeah. Or or in growth stocks or something. You're killing it. So, I absolutely love these funds, but just be cautious of the little extra downside. Um, I was going to show Bloxs, but Bloxs is a bad example. Let's look at MAGO. MAGO is a MAG 7 fund with the same strategy. So, we'll we'll put it up against MAGS, which is just a just basically the parent asset. So, on a total return, they're close. MAGO is a good fund. on price. Like I say, if you're living off them, you you know, the Mag 7 was down, you know, nearly 10%. That wasn't good, but you were down 11.43.

[00:42:16]Caught a little extra downside.

[00:42:19]Um but then of course the the um on total return, you're still down a little bit more than you would have been in the bags, but you're getting an income.

[00:42:30]And on total return, you're uh you're doing a little bit better than the MAG 7. That's over the past three months.

[00:42:37]Let's go. And that doesn't go back any further than that. On QLDY, we can go back a little further.

[00:42:48]And then we can compare to something like Triple Qi, which is a strategy that's totally capped on the upside.

[00:42:54]Doesn't get near as much upside, but does a lot better on the downside.

[00:42:59]Um, all right. So, on the three-month, let's look at our example. Sure enough, triple QI is down even less than the Q's. Now, that's including the dividend, but on price change, Triple Qi and the Q's are roughly the same on the downside. The problem with Triple Qi is in the recovery. They're totally capped.

[00:43:19]They're capped out right now. The market's been running up and both of their strikes have been run through. I mean, people talk about how much they like it and how stable it is. That's the reason it's so stable, it's because they totally cap out their upside. Um, and not that it's not a great fund and also they just use monthly options. But anyway, on a triple return basis, you can see that the QLDI strategy on a total return basis is beating the Q's over the past three months. And it's just they're both beating triple QI pretty bad. And that's total return. And if you just and if you go just on price change, QLDY is still beating triple QI and and triple Q and QLDI pays twice the yield more like almost 3%. QLDY pays like what 30 they or 26 on this. Okay.

[00:44:08]You know, and triple. So they pay twice the yield.

[00:44:13]So yeah, it's a it's one of my favorite funds. I mean, if I mean, um, but we can go back further. Let's go back a year and see. All right, QLDY doesn't go back a year. Okay, six months is as far back as we can go. And this illustrates it pretty well right here.

[00:44:34]And this is why I get nervous when people are putting all their money in it, thinking they're just getting into index. It's a leverage. It's, you know, um, because look, over the past six months, the Q's were down 9%. you just had your money in growth. That was bad enough, but QLDY was down 22%.

[00:44:51]Because of the little bit of extra downside they got. Now granted, some of that downside they were paying you a deal yield with, but even including the yield, you were down 11% in a time where the Q's were down 9%. You were down 11 and a half when the Q's were down, you know, eight and almost nine. So that's the risk. But look at this on the upside. you go from last place all the way to first place.

[00:45:17]Yeah, if you knew the market was going up, you would definitely want something like QLDY or OVL.

[00:45:23]Um, yeah, that sounds good, Ambassador.

[00:45:25]Let's do it uh tomorrow. Yeah, Thursday.

[00:45:28]That sounds great.

[00:45:30]Book it. I'll call you about 9ine. We'll get together about 9ine or so. All right. Um, yeah. No, I I agree. It's a core position for me. Also, I didn't know uh I was just making sure some people don't I mean just making sure no one thinks it's free money. It it it's it's leverage. It's extra risk. Extra risk on the downside.

[00:45:52]And in fact, if someone's ultra concerned about risk, you know, you would probably want triple Qi or you might want this one.

[00:46:05]But if somebody is looking to put on a little bit of risk and and wants a yield too, QLDI is right on the money. If you if you realize you're g you're putting on a little extra risk. Look at GPIQ. It dropped the least out of all of them. I mean, but Q it didn't it wasn't much better than triple Qi, but those are those are your those are your ones for you know if you had to put on one stock and stay with it the rest of your life because it should do well during both market cycles. But hell, if you're trying to put on risk, it'd be hard to find one much better than QLDY. Um, yeah, and Norman's saying any downturn's a buying opportunity. A lot of people are treating Blocks that same way.

[00:46:48]Blocks is doing a similar strategy on crypto, but man, that really hurt Blocks. Uh, I mean, when crypto went into a a bare market, now Bloxs wasn't down as much as I bit was, but it surely was not fun. That extra downside is is no joke. Um that extra downside is no joke. I mean this is a six month and so when does this go to? November. Crypto topped out what in October I think and pretty much was just terrible after that you know.

[00:47:22]Uh yeah and so C if you would have just had I bit which is just crypto derivative you you would have been down 26% at worst which is bad which is bad enough actually 18% at worse but blocks is just I mean because of these lightning spreads that's just that you know that's the way it goes though blocks got about 33% more more downside.

[00:47:49]Um however that that's just price change. So you know including total return it was blocks on total return it was pretty close because blocks does pay a huge dividend. But here's the beauty for blocks. It's on the recovery.

[00:48:07]It's back on the upside because look at look at how Bitcoin also just recently Bitcoin kind of topped out and went down. Blocks also does uh the same strategy on Bitcoin stocks. miners and stuff. And man, their stock picking is going great because the p their price has diverged from the price of Bitcoin.

[00:48:26]Even though Bitcoin's going down, Bloxs is still finding a way to make money.

[00:48:31]But once again, if you were into safety, you might want something like Sepy and not Bloxs. Sepy does an oldfashioned cover call where you get downside buffer and you don't have extra downside. And sure enough, it wasn't doing great.

[00:48:47]Heck, he was down 10%. I mean, that that wasn't great, but I mean, compared to the other ones and because it didn't drop as far, it doesn't have, you know, it's still ahead of blocks, too. So, Sepy for safety, blocks for trying to put on risk possibly.

[00:49:04]And then I I really like this one. I bought this one last April and killed it in this one. um took it off in October close to the highs. But this LFGY uh now they do conventional covered calls but they do it but they have uncapped upside. They they've hacked the cover call system to have uncapped upside. So um you know but but still I mean uh Steppy's looking good in this comparison but still LFGY did protect capital. The yield max strategy, the more conventional cover call strategy definitely protected capital better than the lightning spread strategy. LFGY was down 18% which was what twice what Sepy was down but like you know a little bit more than half of what blocks was down.

[00:49:55]So but you could do worse with I mean all those are good and then you could also have BTCI but this one's kind of been acting like a dog lately.

[00:50:04]Um, BTCI lost just about as during the bad times was just as bad as the worst of them.

[00:50:12]I mean, not quite as bad. BTCI was almost doing as bad as I mean, BTCI was not doing great during the bad times, but has not been able to recover.

[00:50:22]BTCI's fallen and it can't get up. It's still down 13% where if if you would have been in the Yaxon LFCY, you'd be up. You've been in SEPY, you've been up.

[00:50:33]you've been in blocks, you'd be up.

[00:50:36]So, BTCI is not Neos's best fund, I don't think. Yes, IQ is low yield, but the Yes, IQ is uh So, let's look at it Q.

[00:50:51]Let's look at the triple Q funds. Triple Qy, triple Qi, I triple Q. We got to look at a little GPIQ, which is a good one, and then we'll look at QLDY.

[00:51:08]We'll just stack these up against each other. Okay. Um, so first of all, let's go to the yields.

[00:51:15]Um, yeah, it's definitely the lowest yield at 4.85%.

[00:51:26]Now, I think the re part part of the reason that yield's so low is because they they write options that are super far out of the money. So, they don't have a lot of upside cap. I expect these guys to do pretty well on the on the upside. But anyway, let's see how that's been going.

[00:51:42]Price change only Q number one even ahead of QLDI.

[00:51:50]Now, on total return, QLDI is going to do way better because of the huge dividend.

[00:51:55]I would think not only QLDY. Oh yeah, QLDY of course jumps way ahead. In fact, I triple in fact triple Q Y also jumps ILQ, but IQ Q puts almost no stress on the on the fund to play a yield. So that helps on on cork upside. And and if you're just looking at price, man, you can see that IQ beat all of them. Um let's look at three months. I triple Q beats all of them. price change only.

[00:52:25]Let's look at six months. ILQ beats all of them. Price change only. It's a NAV.

[00:52:30]It's a NAV monster, you know, but it it just doesn't have as much tax to pay. The yield is a tax on the NAV. And this is Anyway, uh but yeah, any time frame you look at Q is just whooping ass.

[00:52:46]Look at that. Okay, but now let's that was just price change. Once you add in the dividends, that's why people invest in these high yield funds. is for the dividend and the dividend you know I mean once you add in the dividend uh QLDI start to look really good triple QI is having a having a run for having a good run let's look at three months on three months QLDI then triple Qi BD9Q on six months IQ drops to fourth GPIQ beats it year to date it's that's about the same and then on a one-year basis well QLDY hasn't been out year. So, we won't hold that against them for coming in last. They would have come in first if this been out a year. I guarantee you because it's been a bullish year, I bet you anything. But IQ Q though uh on a total return basis even with the low the low dividend actually finishes first over the course of a year, but all the other time frames they were getting beat up pretty bad in. So, um yeah, the NAV for the year on that triple Q beats all the Q. Yeah. No, absolutely. So, that's yeah, the um the yield is a tax on the NAP because you can look at the yield, think of the yield as a payday loan or think of the yield as a reverse. The yield is it's it's your money. If you own the Q's, it's your money. If you need income and you own the Q's, you have 10,000 shares of the Q's. Just you need some money, just go sell a couple hundred shares of the Q's. Absolutely. Or you can write options. It's essentially a similar deal, but ILTQ is only trying to pay 4% a year. So, this is I mean, which isn't a lot of money. So, they can do that and that it puts almost no pressure on the upside because the the Q's just have to be up more than 4% in a year to offset the decay caused by the dividend coming out. So, yeah. Uh so, ILT Q is is a uh is a good one.

[00:54:46]It's not only that they only pay 4%, but it's also because when you only need 4%, you can move the strike of the option super far out of the out of the money.

[00:54:56]Look at these guys just have almost no upside cap. Uh these guys have almost no upside cap.

[00:55:10]Now, they aren't real options. They do them through total return swaps, but their total return swap is based on an actual real option and they publish it every day. It's as if they sold the I think it's like 2% out of the money most days. Okay. So, well, no, here it is.

[00:55:26]It's 1.6% out of the money. See that 101.59.

[00:55:32]Um, so they sold the 30,450.

[00:55:35]Um, essentially synthetically it's a swap position. and their counterparties JP Morgan or whatever.

[00:55:43]Or maybe they really did it in real life. Um, they used to use swaps.

[00:55:52]Well, whatever. No, they may have actually, this actually looks like they actually just really sold that option.

[00:55:57]But anyway, the 3450 is just so far out of the money. It's It's like it's not even, you know, Okay, so this was and they do this every day. This is this is tomorrow's option.

[00:56:15]Let me show you where that has to get over before they're capped out.

[00:56:22]Was it 3450?

[00:56:26]Yeah. Geez, that's way out there.

[00:56:29]Such a great strategy.

[00:56:34]So essentially that ETF will make as much money as the market does one to one. It won't make a little bit of extra like the lightning spread like QLDY will, but it'll totally match the market until you get over here and then it'll lag. But I mean that's pretty, you know, that's it's one and a half percent out of money. How often is this is the Q's up more than one and a half percent. I mean lately quite a bit actually. But uh but anyway, but you aren't you aren't any more capped than you have to be when they do it that way.

[00:57:11]Um cover call index blah blah blah.

[00:57:16]Yeah. Anyway. All right. Yeah, this is a good one. I don't know if this one's tax efficient, though. But heck, it only pays 4%. Taxes aren't a big deal. The ones that pay 30%, that makes a bigger deal, you know? I I can see it. So, um, yeah, everyone the income's great, but I mean, gross also good combination. Um, you know, if you need the income, you know, and 4%'s not enough for you, maybe you get some some triple Qi and then you get some QLDY and split it 50/50. QLDY is paying what? 26%.

[00:57:51]And this one's paying 5%. So, you're getting the the blended average be like 14 or 15.

[00:57:58]use like four or five percent to pay taxes and try to figure out a way to live off 10 percent, you know, with some pretty good safety that that something like that might work. Thanks for being here, Will. Yeah, the battle royale are awesome. There's always the thing is these things always change, too. We can we do the same because they're always changing depending on the market. There's, you know, it's always new stuff. All right.

[00:58:22]So, tonight's uh factor, this is as of we have 402 funds in this darn thing. I remember when I first started, I had like 75. I just went through here and posted the ones I like, you know. Um and then we and then people kept saying, "What about this one? What about this one? What about this one?" And then we added closed in funds and that added about a hundred of them. I mean um well anyway um but this is the full universe. So uh tonight it's FTGC FAR AMDW AMCP Kleq continues to impress paying a 14% yield 20% NAV return nearly 21. I mean all of these these metrics up here at the top the NAV is on these things are 14 11 142 27 and 20 the yields are 14 17 35 9 and 15 you know yield profit margin is above 300 400 on all of them you know the lowest stable deck is a 40% and that's AMCP and that's not too unstable you know I mean it's not as bad as all ARMW with the 10% on the stable decks.

[00:59:41]Um, you want to look at Ice Spy, too.

[00:59:44]They look better. Well, you know, uh, yeah, I never thought about that. Uh, I think the one that maybe looks better than CHD if you needed a little bit more yield.

[00:59:58]What's the matter with this one? Um, but yeah, I mean, I spy is fine. Uh what's the matter with QPLE?

[01:00:09]So you get the S&P with for so you so it's I mean you know uh SCHD pays like 3% this pays 4.75. It's just a way to squeeze out a little extra yield but essentially make the you know it's but have a lot of upside potential.

[01:00:30]Um, but yeah, spy eye could work too or I spy. I mean I mean it's looks pretty close.

[01:00:42]I spy pays 4.65. It's Yeah, I guess we should battle royale those.

[01:00:59]Let's look at all I spy and then let's look at QDPL.

[01:01:09]And then let's look at SCHD.

[01:01:13]Um, and then if we're looking for just low payments but super steady, you've got to you got to put spud in the mix, right? And then if you're if that would work, if Sput's going to work for you, something like an uh QYLG, which is where they only overwrite half the portfolio, so it's half uncovered on the upside, might work also. Only pays 5%. All right. So all of these, the dividend on all of them is is low for the lowest one's CHD at three and a quarter. Highest one is QG at 16, but it doesn't pay that much. That was a onetime special dividend. It pays about 5% on the regular basis, five or six%.

[01:01:54]But in any event, so you you you have low dividend, but you should have a ton of upside from all these. So let's look at one month uh price change only QG because it's half uncovered.

[01:02:07]I spy writes the super far out of the money options just like IQ and so that certainly helps. It catches a lot of upside. QPLE doesn't even write any options. Um, but the leverage probably cost him something. I mean, the leverage probably is Yeah, I don't know exactly how you leverage dividends. It's some type of total return swap, but there's always a give up. And I guess you could kind of see it right here. Um, but SCHD uh is up four. And then Sput's actually the lagger. Now, that's price change only. If we add in the dividend, let's see if that helps Spud out. Nope. Sput's last place. Come on, Spud.

[01:02:45]The thing about sput is it just doesn't drop that much. I mean it just won't drop. I mean look at sput right here in the March 30th pullback.

[01:02:56]You know sput was down three where quuple was down 7.2 Ice was down 6.8 you know um sput just doesn't doesn't drop a lot. All right so that's total return. The winner is qilg uncapped upside on half the fund.

[01:03:15]if you're willing to take the low yield.

[01:03:16]I mean, heck, that was up nearly 13% in the past three months.

[01:03:22]Oh, but one thing is, uh, gosh darn it, um, we have to look at XYLG because that's spy based. It's not fair to compare QG. The rest of these are spy based.

[01:03:34]Okay. Um, yeah. And sure enough when you compare it with the trip with the proper fund um on a total return basis for the past three months is last sput is midpack but QDPL looks really good here three months now let's go six months boy that is a good look for um that's a good look for CHD but that's just because uh value stocks took off in January and February and growth kind petered out. So, uh, but now it's leveled off and grows catching back up. We'll see. Let's go on a one-year basis. Boy, you could see that move that SCHD made from being the lowest one to being the highest one.

[01:04:22]I think uh they probably had exposure to oil and gas and precious metals because it was also a huge ramp up there. But anyway, whatever they did, they did a great job.

[01:04:38]The other ones are based on an index.

[01:04:39]SHD is based on a, you know, they pick a portfolio.

[01:04:44]But, um, if you look at all time, uh, other than CHD, I spy number one over the past year. So, yeah. Um, you own QG and didn't realize it was such a gem.

[01:04:55]Yeah. I mean, you know, it pays 5%. The only knock I can think on that is I it's it's safe, but there's different kinds of safety. It's safe in the sense that the managers aren't trying to pay a 798% yield where it's going to have that type of decay. However, because they're only selling options on half the portfolio in a down move, they don't have as much buffer where the down in a down move the bit, you know, the buffer helps you. So something that's selling the whole portfolio will be that's the only knock on SC or on uh QLG on the half overrites is they don't have a lot of downside buffer but they're also don't have hardly any upside. So they're good. I'm just saying that's the only knock on something like that. um like something that sells premium on the whole portfolio like um WDTE for instance I would think would do better on the downside than XYLG but I'm not sure. Let's go see. They're both SPY based. Let's take off SCD. It's messing stuff up. Um all right. So WDTE, let's go three months and see how it did in the down move. See if my theory was right.

[01:06:15]Uh, no. My theory was wrong. WDT was down more. They were both down more than 6%, but um maybe in a six-month move.

[01:06:30]Uh, no, I was wrong again.

[01:06:33]Oh well.

[01:06:36]in a in an extended down move, I think you would come out ahead with WDTE. But but in an extended up move, you'd most definitely come out ahead with XYLG.

[01:06:46]Anyway, let's look at over a past year.

[01:06:48]I spy number one. XYLG uh WDTE did beat XYLG after a year, but on the six-month time frame, WDT actually won.

[01:07:03]That's a Defiance fund. The Defiance funds are doing a lot better than people realize. Um, anyway, heck yeah. Good stuff. Good stuff. I like these battle royale also. I'm glad you Yeah, QLG. I mean, if you knew the market was going up and you didn't want to take as much risk as a QLDY on the risk, it would I mean, on the the the least amount of or the the most amount of upside would just be to get the Q's. Then after that it would be you get qyld or qldy because the lightning spreads you get a you know um and then right underneath that would be um would be uh qyg because you still get half exposure to the upside and then underneath that would be all the rest of them that are that are more capped.

[01:07:57]All right guys, well is there anything else you want to talk about? What else should we look at here? We have the whole index here. Does anyone want to check out their favorite fund? Let's just go check out our random fund. Well, wherever it lands, we're going to check out. Okay, it landed right here. Oh, shoot. Vanguard. VI Vio. We were talking about this either today or on the afternoon show. It doesn't really belong on here. Only pays 1% yield. So, let's spin it again. All right. BTX from Black Rockck. Now, that's going to be on tomorrow night's show. Trading around nine bucks.

[01:08:30]It's up 36% on NAV. Are you serious?

[01:08:33]Does this have microchips in it? What the heck?

[01:08:37]36%. It probably does have microchips somewhere. It probably had it's um or something. I mean, my gosh. Only pays on 8% yield, but I mean, this may this has the highest yield profit margin I think on the whole sheet. 1,700. that yield is I mean because it's only 8% and I mean my gosh it's only a 39 on the stable deck. All right, let's go choose another one.

[01:09:06]Oh, we landed on triple QH. We talked about that one tonight. That's a hedged equity fund. Doesn't get a lot of upside, doesn't get a lot of downside.

[01:09:14]Super stable. Let's spin down the list and see where we get next. AMZA from Infra. I think this one will be on the closedin fund night also 8% dividend. No, this is an ETF.

[01:09:38]It's That's right. It's an MLP, but it's a leveraged MLP. So, it's oil and gas plus leverage.

[01:09:44]And of obviously, it had a great January, February, and March, but lately uh oil's kind of pulled back. And so sure enough, this has also still doing pretty dang well plus 5% on the quarter.

[01:09:56]Now I've only paid an 8% yield. So no, that's not going to be on tomorrow night's show. We need to if we ever have an oil show, that should be on the oil show. But yeah, this factor is just a wealth of um information and research.

[01:10:14]See, let's see who's Let's just go spin for another one. XLRI. That is a good one right there. Well, I was thinking um XLKI.

[01:10:25]XLRI actually is real estate from State Street. It's actually down a little bit on NAV. Pays a 14 and a quarter% yield. It's 105 on the stable decks. Let's spin it again.

[01:10:41]EFA. This isn't the worst one ever. It's down two and a half% on NAV. Uh, but this one's not the worst one you could get stuck with.

[01:10:52]This one will be on Friday night's show.

[01:10:55]I think yeah, because it's emerging in um foreign markets.

[01:11:01]It has Novartis, Shell, you know, Ro, Astroenica, Semens. Anyway, all right, guys. Well, I appreciate you all for being here. Anything else you want to talk about? Let me know and we'll I'll look we can look it up. See what see how your favorite fund is doing. There's 17 of you guys here. Hate to cut the stream loose when there's 17 people here. We're having a good time, having a good stream. Um, if you'd like to support the station, you can give a super chat. Uh, it and I was very generous of you to give a super chat today. But also, if you'd like to uh support the station and stick it to YouTube, um you can always send me a PayPal at paypal.memaxconvexity.

[01:11:47]YouTube takes a cut. So anyway, um but paypal.memax convexity.

[01:11:54]Remember, not financial advice. Consult a professional advisor.

[01:11:59]And like I say, I'd be happy to look at any and everything you want to look at.

[01:12:05]ODT. Yeah, let's go look at that. Okay, it's too young to be on the list yet, but let's go just let's just go see what it's doing. If it were on the list, let's figure out about where it would be. Um, well, I mean, okay, so that let's let's look at it in another way.

[01:12:28]Uh, we'll just throw it on this list. O DTE and let's look at one month. I don't think it's been out longer than about one month. One month price change only.

[01:12:39]Let's see how it would have done. Now, it's not really fair to compare to this because it also has the Q's and the Russell. It's all three indexes mixed into one. But let's just see how it does on this list. It's midpack for one month price change only. If you add in the dividend, it is still midpack, but it's up 4% on a month. Let's see if it's been around three months. I don't think it has. Um, it's been out. It's 11.84% up since inception.

[01:13:16]I mean, there's not really an index to compare it to because it's all three of them together.

[01:13:22]I mean, but it's one-third the Q's and that's what's keeping it up. Heck, the Q's themselves are up 20% this quarter, but it's also one-third based on the Russell, which is also doing well this quarter, which is up uh 11%. But then it's one-third based on the SPY, which is up like 8% I think this quarter, right?

[01:13:47]SPY is up no about 10% really. So you have to average 10, 11, and 20. Um so it's 41 divided by three which is uh I don't know 41 divided by three it's like 13 right something like that.

[01:14:07]So yeah so anyway that so 13 is kind of their benchmark and ODTE is plus what was it plus 14 or something it's plus 11.84 84. That would make sense. I mean, it you know, um, but it it hasn't been around much long enough to tell much more about it than that, unfortunately.

[01:14:31]Um, hey Will, so you were checking out on the latest from Michael How, the guy that measures global liquidity. He said that China's been slowing down on the money printing. He can't explain why.

[01:14:45]Huh. Was okay. potentially impacting gold and Bitcoin. I guess in a bad way on gold and Bitcoin because at least the past week, they've both been kind of weak. Now, in general, gold's had a heck of a year and Bitcoin's had a heck of a Bitcoin's been doing much better than it was a month or two ago. You know, Bitcoin's been rallying, but not the past week. So, you started a small Yeah.

[01:15:11]a tracking position in ODT. Yeah. See how it does. It should do very similar.

[01:15:16]It's a very similar strategy. It just I mean it should if they're doing their job right and I'm sure they I would imagine they are. They seem like pretty serious guys. Um it should do in the same ballpark in my opinion is a TAK and a T- spy and a T Russ. And we don't even have a T- Rush yet, do we? In other words, a tap alpha Russell fund. I think they filed for one but haven't released it yet. I wonder how their AUM is doing.

[01:15:44]Now Russell has Tespy which is quarter quarter billion. Yeah. Two well 284 million. Okay. Now what does TAC have?

[01:15:55]TDAC has 200. Okay. But then they've also released their lifted ones. They have sticks.

[01:16:03]They have sticks uh which is 11 million.

[01:16:08]And what was the other one? sticks and uh TDAX, which is uh 27 million. So, they're doing all right. They need to bring out that Russell fund.

[01:16:24]Maybe they're waiting for sticks to get bigger, you know? Maybe they're trying not to compete with themselves too much.

[01:16:32]Um but yeah, but anyway, I think I think that hopefully you'll be happy with that. I will. I sure hope you are. Um, I sure hope you are.

[01:16:47]Let's look at this.

[01:16:50]Let's see how TAC's uh doing.

[01:17:05]number 11.

[01:17:07]It's not doing as well as triple QT, EDGQ or Kle Q, but other than that, it's doing better than SLKI, GPIQ, GPTY. A lot of good funds underneath it. QDO, Ball Q, Double QA, Triple Qi is doing great lately, but it's not doing as well as some of those other ones. Triple Qi is catching a lot of upside. 11.4% NAV upside.

[01:17:36]TDAC caught 12.68, though, so hell yeah.

[01:17:40]I mean there's a lot of them catching a lot of nav upside but you catch more than 10% nav upside in a quarter you know and then BTX is catching 36% nav upside what the heck is in this thing I mean technology and private private equity term trust do They have SpaceX or Anthropic or something.

[01:18:14]Yeah, you and me both. Tap Alpha does a great job and and I and I like X funds a lot and Curve. I think Tuttle does a good job. I like some of the YieldMax funds. Um but yeah, uh Tap Alpha is a of the small companies, you got Tap Alpha and you got X funds. What does X funds have? Four or five funds. Tap Alpha has four or five funds. Tuttle Tuttle actually is Tuttle has a bunch of stuff, but but um but yeah, that they're both good. I guess Kur's not a huge company. Um yeah, Will, you're glad that EDGQ and EDGX are eligible for the factor. They should be fun to watch. I mean, they've got off to a really good start, you know. Um those guys I think the whole idea of that fund was they're trying to make a more taxefficient Jeep and Jeep Q are not tax efficient because they're swaps. They're fine for a for a tax deferred environment but in a taxable they were hurting people. So I believe they made EDGQ and EDGX to have the same characteristics of them but to pay rock and I and also there's Rocky and Rock or what am I getting that confused? Is that is that ROCY that I'm thinking of? ROCY is supposed to be like that. ROCY is supposed to be like JEPI but supposed to be mostly rock. That's right. So EDGX is a different idea. I'm sorry. EDGX is I remember EDGX's idea is they're going to be um a weekly payer.

[01:19:50]They're going to be like Global X but they're going to pay weekly. So they're trying to compete with people like Cap Alpha.

[01:19:56]um you know, and they don't overwrite the whole portfolio. They're supposed to be focused on upside, and they're doing a great a great job. I mean, a great job. But yeah, I'm glad they're I'm glad they're in here. Also, EDGQ, look at that. 12.2% NAV upside.

[01:20:16]And what were the Q's up? Probably 15.

[01:20:19]No, no.

[01:20:24]uh Q's were up 18, but I mean, you can't have everything. Um, but they're catching like 80% of the NAV upside of the Q's.

[01:20:32]I mean, yeah, it's it's a good fund.

[01:20:34]Heck, it's the second highest ranked on the list, I think, in the the Q-based funds.

[01:20:40]Tle Q is the real standout here. Or well, now that's leverage, of course.

[01:20:45]Never mind. Uh, what was I trying to say? Um, the curve one. Okay. Triple Q.

[01:20:54]Yeah, K triple Q is the standout. It's plus 19% outperforming the Q's.

[01:21:01]So, yeah, there's a lot of good ones out there. Anything with the Q in it has done really well. Um, you should Okay, they should operate similar. That's right. That's where I was getting confused. That's That's right. They're going to pay similar payments to GPIQ and GPIX, which are two good ones to model, right? Um, the only criticism on those is the yield's kind of low, but I mean, you know, was GPIX uh eight or something?

[01:21:30]GPIQ is 11. But anyway, yeah, if you could do the same thing as these guys.

[01:21:34]Yeah, 8% close 7.87.

[01:21:38]Yeah, good. Yeah, that's right. I I was getting my big confused. I get JP Morgan and Goldman Sachs mixed up. I mean, I don't when I stop to think about it, but sometimes I I you know, the you know, the good thing about Goldman and JP Morgan is the expense ratio. These guys only charge 29 bips and uh Goldman or this is Goldman JP Morgan only charges, I believe, 34 bips, only a nickel more.

[01:22:04]So, yeah, ultra low expense ratios. And I don't think uh EDGX is going to be like them on expense ratios.

[01:22:12]Oh, they are though. That's right.

[01:22:14]That's the good thing about these is they're free. They're free until next March. I'll remember when I made that video on them. Yeah, these are awesome.

[01:22:21]No expense ratio. Yeah, but that's what they're trying to do. They're trying to they're trying to compete with something like a Goldman.

[01:22:29]Super safe. Not a super high yield, but super safe. Um you have about half GPIQ, GBX. Another half. Well, those are great ones. Those are good ones. Um, yeah, you barely hear about Rock Eye and Rock Q.

[01:22:46]Uh, let's go look now. They'll We'll start talking about them when they're on the factory, of course. We'll be talking about them all the time. Um, yeah, they just pay monthly is the knock on them, but they're just trying to compete with Jeff I and Jeff Q, and the people that have those love them and are fine with the monthly. The thing they aren't fine with is the 0% rock or whatever low, you know, the non is the taxable type thing. So, they do this and they pump it, you know, and it's 98% rock or something, which is what they're shooting for. Um, and yeah, they have an expense ratio of 35. That's still very reasonable. 3529 either one of those that's a third with something like a Roundill or a Granite or a Rex or a Yilnax charges. So that's you know and you get Hamilton Rainer the man I mean this guy's a stud. He manages billions and billions. You know, he's responsible for the one he's responsible for uh the JP Morgan hedged equity mutual fund, which is where they sell calls to buy puts and it's gigantic.

[01:23:59]Um it is gigantic and that's his baby.

[01:24:03]Now, it's a mutual fund so we don't talk about it. Um, but in any event, Hamilton, Rainer, Rainer.

[01:24:13]Um, I wonder where we could get the rock dividends and capital gains here.

[01:24:18]Dividend paid, capital gain schedule.

[01:24:22]Well, it's in here somewhere, but if they're doing their job, it's supposed to be mostly rock.

[01:24:33]So, let's see what it paid. 55 cents.

[01:24:35]What's 55 * uh 12? Uh * 10 would be 550.

[01:24:40]So times 12 would be 670.

[01:24:47]So you get $6.70 back on an investment that cost you $50 initially.

[01:24:54]I mean, that's pretty dang good. That's like uh that that comes out 12% or something.

[01:25:03]Now, it was also the payment for like a month and a half. So, and I didn't factor in the extra time payment. So, it's probably about 8% like I said the first time. Um, now this right here paid 66 cents. So, that right there is like 780 or something on a $50 investment.

[01:25:26]So, that one is like 12. But, it's also been a month and a half. I mean, it's been longer than, you know, so yeah, lots of good funds out there.

[01:25:37]Lots of good funds out there.

[01:25:41]All right, guys. What else you guys want to talk about?

[01:25:45]I'm up for talking about anything. I appreciate uh what how do you say your names? Uh, Sensuit.

[01:25:52]S I N S U A T. Anyway, uh I appreciate appreciate the uh donation.

[01:26:02]Donations are always appreciated.

[01:26:06]All right, guys. Well, if you guys can't think of anything else to to talk about, I can let you guys go and we can touch base in the morning and we'll see where we're at in the morning. How does that sound? All right, guys. Thank you very much. Remember, not financial advice. Consult a licensed financial planner, please. And if there's anything forgot we forgot to talk about, hit me up in Discord or ask me in the morning. All right, see you.