Westwood Enhanced Income Opportunity ETF (YLDW)

The Westwood Enhanced Income Opportunity ETF (YLDW) is an actively managed exchange-traded fund from Westwood Holdings Group, a Dallas-based investment manager.

The fund seeks to generate a high level of income by combining equity holdings with an options strategy, typically writing call options on individual stocks it owns. The approach aims to enhance income through option premiums while retaining some participation in equity price changes.

Selling calls can limit the fund's upside in strong markets, and the fund remains exposed to declines in its equity holdings.