Skip to content
etf.net

Launched

Shelton Equity Premium Income ETF

SEPINYSE ArcaShelton CapitalA

$27.64−0.18 (−0.65%)

At close: Nov 2, 2026, 4:00 PM ET

A74/ 100

Rank 6 of 51 in Active Option Income

A74/100Rank 6 of 51inActive Option Income
Intraday session: down, 79 prints from 27.82 to 27.64. Range 27.61 to 28.06. Use the arrow keys to read each point.27.7027.9028.0010 AM12 PM2 PM4 PM
Expense ratio
0.54%
Fund size
$190M
1Y total return
+15.6%
Yield · Last 12 months
8.34%
Holdings
43
Avg volume · 30D
60.7K sh
52W range
low $24.23high $29.54
Launched

The ETF.net SEPI Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Active Option Income⁠
Rank
6 of 51
Six-pillar profile for SEPI. Scores out of 100: Cost 84, Risk 64, Mission not scored, Tradability 66, Holdings 86, Durability 54. Strongest: Holdings (86). Weakest: Durability (54). Based on 5 of 6 pillars.

Score 74 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.
    A84 out of 100
    Rank 9 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.
    B64 out of 100
    Rank 17 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 12 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A86 out of 100
    Rank 3 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 27 of 51

Our read on SEPI

ETF.net Research

In short

AMost equity premium income funds sell index options or lean on bank-issued notes. Shelton writes covered calls on the individual large-cap stocks it actually owns, a hands-on take from a firm that has run option-income strategies for years.

Stated mandate

The Fund seeks high current income and capital appreciation when consistent with that income. It invests primarily in income-producing U.S. equity securities.

Why people hold it

  • Costs 0.54% a year against a 0.95% median for the equity premium income crowd, a rare thing for a stock-picking, name-by-name options strategy.
  • Sells calls on the individual stocks in the portfolio rather than index options or synthetic notes, so premium is harvested name by name instead of at the index level.sheltoncap.comprnewswire.com
  • Under the hood you own a real large-cap equity book (at least 80% of assets in common stocks), not a derivative stand-in for one.aaii.com
  • The portfolio lines up tightly with the stated income-plus-appreciation mandate, putting it among the stronger builds in a very crowded peer group.

Worth knowing

  • Covered calls trade upside for cash: when a held stock runs past its strike, gains on that position are capped. That is the bargain being struck.sheltoncap.com
  • Index-overlay rivals such as PAPI (0.29%) and TCAL (0.34%) charge less. The extra basis points here buy single-stock selection and single-stock call writing.
  • Launched in 2025, so it is still building scale and a track record, and its distributions have not settled into the fixed monthly rhythm some rivals run on.

SEPI Performance

Launched Sep 8, 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.
SEPI$11,556
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SEPI $11,556. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 SEPI. Periods over one year show the average yearly return.
PeriodSEPI
Year to date+13.6%
1 month−2.5%
3 months+1.5%
1 year+15.6%
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 SEPI
YearReturn barSEPI
2026 YTD+13.6%
2025+7.5%

Since listing, Sep 8, 2025

SEPI in the news

SEPI 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 Oct 30, 2026.
8.34%Last 12 months
Payout per share
$2.32Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 13 payments from 2025 to 2026 YTD. Oct 30, 2025 $0.17; Nov 28, 2025 $0.17; Dec 30, 2025 $0.19; Jan 29, 2026 $0.19; Feb 26, 2026 $0.19; Mar 30, 2026 $0.19; Apr 29, 2026 $0.19; May 28, 2026 $0.20; Jun 29, 2026 $0.20; Jul 30, 2026 $0.20; Aug 28, 2026 $0.20; Sep 29, 2026 $0.20; Oct 29, 2026 $0.20. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.20
Sep 29, 2026Sep 30, 2026$0.20
Aug 28, 2026Aug 31, 2026$0.20
Jul 30, 2026Jul 31, 2026$0.20
Jun 29, 2026Jun 30, 2026$0.20
May 28, 2026May 29, 2026$0.20
Apr 29, 2026Apr 30, 2026$0.19
Mar 30, 2026Mar 31, 2026$0.19
Feb 26, 2026Feb 27, 2026$0.19
Jan 29, 2026Jan 30, 2026$0.19
Dec 30, 2025Dec 31, 2025$0.19
Nov 28, 2025Dec 1, 2025$0.17

See all 13 payments⁠

$10,000 in SEPI 1 year ago paid $885 in dividends.⁠

SEPI Risk

Risk pillarB64 out of 100Rank 17 of 48 in Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
10.8%
Annualised · 13 months to Oct 2026
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.
1.18
vs 3-month T-bills · 13 months to Oct 2026
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.
−7.7%
13 months · trough Mar 2026
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.
0.76
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.

SEPI Cost

Compare SEPI and RECI

Overpaying vs RECI, cheapest in Active Option Income

$4,571

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

  • SEPI 0.54%

    $10,720

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • SEPI 0.54%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530SEPI $10,720RECI $6,149

Year by year

YearSEPIRECIOverpaying
10$971$545$426
20$3,724$2,113$1,611
30$10,720$6,149$4,571

Other funds in Active Option Income

See others