Overview
Around 43 blue-chip dividend payers with tactical covered calls written on individual names only when premiums are rich — active income craftsmanship.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MSFT | Microsoft Corp. | 5.4% |
| V | Visa Inc. | 5.1% |
| JPM | JPMorgan Chase | 4.8% |
| UNH | UnitedHealth Group | 4.4% |
| HD | Home Depot | 4.2% |
| MCD | McDonald's Corp. | 4.0% |
| CAT | Caterpillar Inc. | 3.8% |
| GS | Goldman Sachs | 3.6% |
| PG | Procter & Gamble | 3.4% |
| AAPL | Apple Inc. | 3.2% |
Fund Details
Investment Thesis
DIVO rejects the covered-call assembly line: it owns a concentrated book of dividend aristocrat-quality names and only sells calls opportunistically, name by name, when volatility pays. The result has beaten the mechanical income funds on total return for years while paying 6%+ monthly — proof that in income investing, discretion can out-earn formula.
Who It's For
Income investors who want their yield with less upside sacrifice and a human judging each option trade. The quality-first middle ground between SCHD and the 11%-yield machines.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $18.34 | -- |
| 2017 | $21.45 | +17.0% |
| 2018 | $21.02 | -2.0% |
| 2019 | $25.86 | +23.0% |
| 2020 | $26.90 | +4.0% |
| 2021 | $33.62 | +25.0% |
| 2022 | $32.95 | -2.0% |
| 2023 | $35.25 | +7.0% |
| 2024 | $40.54 | +15.0% |
| 2025 | $45.00 | +11.0% |
| Year | Yield |
|---|---|
| 2016 | 4.80% |
| 2017 | 4.60% |
| 2018 | 4.90% |
| 2019 | 4.70% |
| 2020 | 4.90% |
| 2021 | 4.50% |
| 2022 | 4.80% |
| 2023 | 4.90% |
| 2024 | 5.60% |
| 2025 | 6.10% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.0B | -- |
| 2017 | $0.1B | +Infinity% |
| 2018 | $0.1B | +0.0% |
| 2019 | $0.4B | +300.0% |
| 2020 | $0.8B | +100.0% |
| 2021 | $1.5B | +87.5% |
| 2022 | $2.5B | +66.7% |
| 2023 | $3B | +20.0% |
| 2024 | $4.5B | +50.0% |
| 2025 | $6.5B | +44.4% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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