What is IDVO?

IDVO is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy.

PERFORMANCE [as of 03/22/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IDVO -2.07% 1.90% 2.04% -- -- -- --
IDVO (NAV) -2.07% 1.60% 1.85% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -0.39% 4.45% 3.99% -11.53% 21.07% 10.51% 12.06%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IDVO Factset Analytics Insight

IDVO aims to provide international equity exposure in a domestic wrapper through an active management. It targets dividend-paying American depositary receipts (ADRs) of high-quality global companies while strategically writing covered calls on those stocks. This ensures income and cash flows from both dividend payments and option premiums which is the primary objective of the fund. While IDVO strives for a country- and sector-diversified portfolio, it focuses on the large-cap constituents of the MSCI ACWI ex USA Index. Approximately 30-50 potential outperforming dividend-paying stocks are selected and given a weighting of no more than 8%. IDVO’s option strategy involves writing short-term US exchange-traded covered call option contracts on some, or all, of its individual securities. Additionally, the fund aims to generate 3-4% of gross income from dividends alone, and 2-4% from call option contract premiums.

IDVO Summary Data

09/08/22
0.65%
$21.11M
No Underlying Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

$0.00B 5 Days
+$0.00B 30 Days
+$0.02B 90 Days

IDVO Portfolio Data

$81.20B
7.62
1.72
--
09/28/22
52

IDVO Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

IDVO Portfolio Management

0.65%
--
--
--

IDVO Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IDVO Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
High
Daily

Factset Analytics Block Liquidity

As of 03/23/23

This measurement shows how easy it is to trade a $1 million USD block of IDVO. IDVO is rated a 5 out of 5.

IDVO Tradability

20,502
$562.21K
14,941
$382.55K
0.39%
$0.10
0.10%
2.13% / -0.35%
None
98.27%
25,000
0.60
--
0.07%
0
$26.19
5

IDVO Sector/Industry Breakdown

IDVO Segment
Benchmark
17.85% --
15.43% --
12.10% --
10.21% --
8.67% --
8.67% --
6.60% --
5.97% --
2.96% --
2.36% --

IDVO Top 10 Holdings

6.60%
2.88%
2.65%
33.19%

IDVO Performance Statistics

0.66
0.70
0.68
0.68
0.88%
MSCI USA Large Cap Index

IDVO Countries

IDVO Segment
Benchmark
17.10% --
7.22% --
6.96% --
5.91% --
5.81% --
5.65% --
5.33% --
5.29% 99.89%
4.77% --
4.37% --

IDVO Regions

IDVO Segment
Benchmark
45.82% --
20.33% --
18.56% --
7.01% 100.00%
4.38% --

IDVO Economic Development

IDVO Segment
Benchmark
61.97% 100.00%
34.13% 0.00%

IDVO Benchmark Comparison Holdings

52
297
0
0.00%

IDVO Benchmark Comparison Summary

IDVO Segment
Benchmark
52 297
$81.20B $504.17B
7.62 20.72
1.72 4.32
3.80% 1.55%
Medium Low

IDVO Benchmark Comparison Market Cap Size

IDVO Segment
Benchmark
75.44% 100.00%
13.63% 0.00%
1.73% 0.00%
0.00% 0.00%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.