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Launched

Sterling Capital Hedged Equity Premium Income ETF

SCEPCboeSterling CapitalA

$24.46−0.13 (−0.52%)

As of Nov 10, 2026, 10:52 AM ET

A72/ 100

Rank 9 of 51 in Active Option Income

A72/100Rank 9 of 51inActive Option Income
Intraday session: down, 18 prints from 24.59 to 24.46. Range 24.20 to 24.59. Use the arrow keys to read each point.24.2024.3024.4010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$237M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
60
Avg volume · 30D
29.9K sh
52W range
low $23.12high $25.93
Launched

The ETF.net SCEP Grade

Based on 5 of 6 pillars

A

Score 72 out of 100

Category
Active Option Income⁠
Rank
9 of 51
Six-pillar profile for SCEP. Scores out of 100: Cost 81, Risk 60, Mission not scored, Tradability 71, Holdings 67, Durability 67. Strongest: Cost (81). Weakest: Risk (60). Based on 5 of 6 pillars.

Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A81 out of 100
    Rank 10 of 51

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B60 out of 100
    Rank 18 of 49

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A71 out of 100
    Rank 9 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 14 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 13 of 51

Our read on SCEP

ETF.net Research

In short

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

  • Two-sided overlay: covered calls generate income, protective puts are there to cushion drawdowns. That is a collar, not a call-only income sleeve.
  • A 0.65% expense ratio undercuts the roughly 0.95% median fee across active options-income funds.
  • The 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.
  • Stands as one of the stronger overall builds in a crowded options-income field, where most rivals sell upside without buying any protection.

Worth knowing

  • It launched in December 2025, so the overlay has not yet run through a full market cycle.
  • Cheaper than the typical peer, pricier than the category's low-fee names: PAPI charges 0.29% and TCAL 0.34%.
  • Payouts 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 Performance

Launched Dec 11, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SCEP$10,514
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,124
Dec 31, 2025 to Nov 9, 2026. SCEP $10,514. SPY $11,124. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+5.1%
1 month−1.7%
3 months−2.4%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+5.1%
2025−0.5%

Since listing, Dec 11, 2025

SCEP in the news

SCEP Dividends

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. 11 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; Oct 1, 2026 $0.14; Nov 2, 2026 $0.15. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 4, 2026$0.15
Oct 1, 2026Oct 5, 2026$0.14
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

Risk pillarB60 out of 100Rank 18 of 49 in Active Option Income
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.
0.57
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.

FMP measures it over up to five years of monthly returns.

SCEP Cost

Compare SCEP and RECI

Overpaying vs RECI, cheapest in Active Option Income

$6,568

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCEP 0.65%

    $12,717

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • SCEP 0.65%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SCEP $12,717RECI $6,149

Year by year

YearSCEPRECIOverpaying
10$1,163$545$618
20$4,440$2,113$2,327
30$12,717$6,149$6,568

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