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% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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