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SCEP

GradeAChicago Board Options Exchange

Sterling Capital Hedged Equity Premium Income ETF

Option Income · Sterling Capital · Inception 2025-12-11

$24.83−0.21 (−0.84%)

As of Sep 23, 2026, 2:11 PM EDT

History starts Dec 11, 2025.History starts Dec 11, 2025.
Intraday session: down, 11 prints from 25.04 to 24.83. Range 24.82 to 25.04. Use the arrow keys to read each point.$24.80$24.90$25.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$243M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$24.94
52W range
low $23.12high $25.93

The ETF.net SCEP Grade

A

71/ 100

Rank 8 of 51 in Active Option Income⁠

Confidence Medium

Six-pillar profile for SCEP. Scores out of 100: Cost 83, Risk 55, Mission not scored, Tradability 70, Holdings 66, Durability 64. Strongest: Cost (83). Weakest: Risk (55). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A 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.
    AScore 83
    Category rank10/51 · top 20%

  • 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.
    BScore 55
    Category rank20/45 · top 44%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 70
    Category rank14/51 · top 27%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 66
    Category rank15/42 · top 36%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 64
    Category rank16/51 · top 31%

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

Our read on SCEP

ETF.net Research

AMost premium-income ETFs sell calls and leave the downside wide open. Sterling's active take pairs those covered calls with protective puts, so the hedge is written into the strategy instead of bolted on later.

Stated mandate

The Fund seeks long-term capital growth, income, and preservation of capital. It invests primarily in U.S. large- and mid-cap equity and equity-related securities and uses a dynamic covered-call and protective-put overlay to add income and mitigate downside risk.

Why people hold it

  1. 01Two-sided overlay: covered calls generate income, protective puts are there to cushion drawdowns. That is a collar, not a call-only income sleeve.
  2. 02A 0.65% expense ratio undercuts the roughly 0.95% median fee across active options-income funds.
  3. 03The overlay is dynamic and actively managed, sitting on a portfolio of US large- and mid-cap stocks rather than a fixed index and a set strike calendar.
  4. 04Stands as one of the stronger overall builds in a crowded options-income field, where most rivals sell upside without buying any protection.

Worth knowing

  1. 01It launched in December 2025, so the overlay has not yet run through a full market cycle.
  2. 02Cheaper than the typical peer, pricier than the category's low-fee names: PAPI charges 0.29% and TCAL 0.34%.
  3. 03Payouts arrive on an irregular schedule rather than the fixed monthly cadence many premium-income funds advertise, and the fund trades thinly, so spreads matter.

SCEP Holdings

As of Sep 20, 2026, 8:43 AM
Asset class
Stocks
Holdings
—
Top-10 weight
44%
Largest holding
AAPL6.4%

Geography

  • United States98.45%
  • Switzerland1.55%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLAPPLE INC6.45%46,072$15M707
002NVDANVIDIA CORP6.16%66,567$15M828
003GOOGLALPHABET INC-A5.69%39,076$14M704
004AVGOBROADCOM INC5.16%34,671$12M732
005AMZNAMAZON.COM INC4.85%45,866$12M720
006MSFTMICROSOFT CORP4.49%21,844$11M792
007JPMJPMORGAN CHASE3.69%25,353$9M478
008PHPARKER HANNIFIN2.71%6,887$6M344
009METAMETA PLATFORMS-A2.56%9,246$6M683
010COSTCOSTCO WHOLESALE2.23%5,991$5M465
011ABBVABBVIE INC2.09%19,052$5M511
012VVISA INC-CLASS A2.06%13,437$5M550
013AMDADV MICRO DEVICE2.05%8,803$5M618
014WMBWILLIAMS COS INC2.03%67,526$5M361
015ITWILLINOIS TOOL WO2.01%17,877$5M334

Showing 1–15 of 60 holdings

SCEP Performance

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

SCEP$10,582
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. SCEP $10,582. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – 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 SCEP. Periods over one year show the average yearly return.
PeriodSCEP
Year to date+5.8%
1 month+0.8%
3 months+2.0%
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 SCEP
YearReturn barSCEP
2026 YTD+5.8%
2025−0.5%

Since listing, Dec 11, 2025

SCEP in the news

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

SCEP 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
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 9 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.09; Feb 2, 2026 $0.15; Mar 2, 2026 $0.14; Apr 1, 2026 $0.14; May 1, 2026 $0.14; Jun 1, 2026 $0.15; Jul 1, 2026 $0.14; Aug 3, 2026 $0.14; Sep 1, 2026 $0.15. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.15
Aug 3, 2026Aug 5, 2026$0.14
Jul 1, 2026Jul 6, 2026$0.14
Jun 1, 2026Jun 3, 2026$0.15
May 1, 2026May 5, 2026$0.14
Apr 1, 2026Apr 6, 2026$0.14
Mar 2, 2026Mar 4, 2026$0.14
Feb 2, 2026Feb 4, 2026$0.15
Dec 30, 2025Jan 2, 2026$0.09

SCEP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; 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 Dec 2025; 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 Dec 2025; 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.
0.58
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.

SCEP Cost

Expense ratio0.65%
  • The middle half of Active Option Income funds
  • Median 0.95%

8 of the 47 Active Option Income funds charge less.

SCEP costs $65.00 a year on $10,000. The median Active Option Income fund costs $95.00.