QUSA vs YLDE

QUSACVistaShares Target 15 USA Quality Income ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

QUSA Quality screens usually hand you a low-yield index fund. QUSA runs an options overlay on top of profitable, low-debt U.S. companies and targets a 15% annual payout, sliced monthly, for 0.97%.

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

QUSA QUSA primarily seeks income and secondarily seeks long-term capital appreciation. It combines a portfolio of U.S. quality equities with an options portfolio intended to support a 15% annual income target.

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

• QUSA The quality screen is spelled out: high profitability, low earnings variability, low leverage. The stocks come first, with the options written on top of them.vistashares.com
• Payouts land monthly and are sized against a stated 15% annual income target, so the cadence is written into the fund's documents, not left to whatever premiums show up.
• At 0.97% the fee sits near the options-income category median, and with no waiver propping it up, that is the all-in number rather than a teaser that resets later.
• A 2025 launch that already stands in the upper half of a crowded options-income peer group, helped by the quality of the stocks underneath the overlay.

• YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
• 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
• Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
• Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

• QUSA The fund discloses that distributions can include return of capital: part of a monthly payment may be your own money coming back, which trims NAV and your cost basis.vistashares.com
• Writing options on the holdings is what funds the income, and it caps upside: when the quality names run hard, part of that move is traded away for premium.vistashares.com
• Small and thinly traded, so spreads can run wider than in the category's household names, and the record since the 2025 launch is short for judging the overlay.

• YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
• Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
• A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full QUSA profile⁠

Full YLDE profile⁠