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QVOL

GradeDNASDAQ Global Market

Infrastructure Capital Nasdaq Option Income ETF

Option Income · InfraCap · Inception 2026-05-12

$101.26−1.09 (−1.06%)

As of Sep 23, 2026, 3:08 PM EDT

History starts May 12, 2026.History starts May 12, 2026.History starts May 12, 2026.
Intraday session: down, 43 prints from 102.35 to 101.26. Range 100.84 to 102.30. Use the arrow keys to read each point.$101.00$101.50$102.0010 AM12 PM2 PM4 PM
Expense ratio
0.82%
Fund size
$58M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$101.69
52W range
low $91.40high $106.55

The ETF.net QVOL Grade

D

36/ 100

Rank 19 of 24 in Other Index Option Income⁠

Confidence Medium

Six-pillar profile for QVOL. Scores out of 100: Cost 13, Risk 22, Mission not scored, Tradability 70, Holdings 89, Durability 23. Strongest: Holdings (89). Weakest: Cost (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 13
    Category rank21/24 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 22
    Category rank20/23 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 70
    Category rank5/24 · top 21%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 89
    Category rank2/16 · top 13%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 23
    Category rank22/24 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on QVOL

ETF.net Research

DMost Nasdaq option-income funds bolt a mechanical call overlay onto an index. QVOL is the discretionary version: a manager choosing which Nasdaq names to hold and which calls to write, aiming at a stated 12% to 15% annualized payout target. Young, hands-on, and priced like it.

Stated mandate

The Fund seeks high current monthly income and, secondarily, capital appreciation.

Why people hold it

  1. 01Actively managed, not rules-based: it can sell calls on individual Nasdaq companies or on indexes, rather than running one fixed monthly overlay on a single index.infrastructurecapital.substack.com
  2. 02States a target annualized distribution rate of 12% to 15%, funded by call premiums plus dividends from the stocks it holds. Income first, appreciation second.infracapfunds.com
  3. 03Owns real Nasdaq-listed equities and writes options against them, so what you see in the holdings file is the actual exposure.infracapfunds.com

Worth knowing

  1. 01At 0.82% a year it costs more than the typical fund in its option-income peer group, and well more than index-overlay rivals like DYLG (0.35%) and DJIA (0.60%).
  2. 02Launched in 2026 and thinly traded, so spreads can be wider than in the category's household names and the track record is still short.
  3. 03Selling calls trades away part of a Nasdaq rally, and the manager flags that heavy turnover can mean larger capital gains distributions.infracapfunds.com

QVOL Holdings

As of Sep 20, 2026, 9:02 AM
Asset class
Stocks
Holdings
—
Top-10 weight
46%
Largest holding
GOOGL9.4%

Geography

  • United States94.45%
  • Netherlands2.29%
  • Uruguay1.21%
  • Ireland0.95%
  • Singapore0.90%
  • United Kingdom0.20%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001GOOGLAlphabet Inc9.43%15,298$5M704
002AVGOBroadcom Inc6.12%9,732$3M732
003AMDAdvanced Micro Devices Inc4.43%4,487$3M618
004MUMicron Technology Inc4.18%2,336$2M655
005AMZNAmazon.com Inc4.11%9,181$2M720
006METAMeta Platforms Inc3.83%3,269$2M683
007AAPLApple Inc3.73%6,294$2M707
008NVDANVIDIA Corp3.50%8,938$2M828
009MRVLMARVELL TECHNOLOGY INC3.40%7,906$2M458
010INTCIntel Corp3.29%17,205$2M492
011CRWVCoreWeave Inc3.01%20,998$2M242
012MSFTMicrosoft Corp2.79%3,211$2M792
013FXFXXFirst American Treasury Obligations Fund 01/01/20402.35%1,335,495$1M16
014FGXXXFirst American Government Obligations Fund 12/01/20312.35%1,335,495$1M86
015ORCLOracle Corp2.30%8,827$1M448

Showing 1–15 of 69 holdings

QVOL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QVOL$10,027
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. QVOL $10,027. SPY $10,415. Use the arrow keys to read each point.$8,631$9,608$10,585Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QVOL. Periods over one year show the average yearly return.
PeriodQVOL
Year to dateFund launched this year—
1 month+3.2%
3 months+0.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QVOL
YearReturn barQVOL
2026 YTD+8.0%

Since listing, May 12, 2026

QVOL in the news

ETF.net Research hasn’t filed on QVOL yet — coverage lands here as it’s written.

QVOL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. May 28, 2026 $1.00; Jun 29, 2026 $1.04; Jul 30, 2026 $1.04; Aug 27, 2026 $1.04. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Aug 27, 2026Aug 28, 2026$1.04
Jul 30, 2026Jul 31, 2026$1.04
Jun 29, 2026Jun 30, 2026$1.04
May 28, 2026May 29, 2026$1.00

QVOL Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.95
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

QVOL Cost

Expense ratio0.82%
  • The middle half of Other Index Option Income funds
  • Median 0.74%

19 of the 23 Other Index Option Income funds charge less.

QVOL costs $82.00 a year on $10,000. The median Other Index Option Income fund costs $74.00.