● LAUNCHED Began trading Aug 12, 2026. First distribution $0.3374, ex-dividend Sep 21, 2026. Every payment charted from that first one.
This fund is paying. Its record starts at the first check and every distribution is charted as it lands. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What MPDY Does, Per the Filing
MPDY launched on August 12, 2026 on NYSE Arca — our market-wide radar caught it alongside its Nasdaq sibling MPIA, and it belongs to the newest corner of the income aisle: autocallable-income ETFs — a category Calamos pioneered in 2025 (CAIE's billion-dollar payment record is the proof) and other issuers stampeded into this August. The m+ DualYield Autocall ETF tracks the S&P 500 Futures 40% Defined Volatility Autocall Index (an S&P Dow Jones index), targets high monthly income, and charges a 0.70% expense ratio — the same fee as a typical covered-call fund, for a completely different machine.
Here's the machine in plain English. Instead of selling call options for premium the way JEPI or QYLD do, the index behaves like a rolling ladder of autocallable notes on the S&P 500: each position pays a fixed coupon as long as the market stays above a set threshold, gets "auto-called" (cashed out early, coupon collected) when the market is at or above its starting level on a checkpoint date, and only takes losses if the market falls through a deep barrier. Where a covered-call fund earns income by selling away upside, an autocall strategy earns coupons for shouldering deep-downside risk — steady checks in flat, mild, or rising markets; the pain arrives late but hard in a serious crash. The "40% defined volatility" piece means the index runs the strategy on volatility-controlled S&P futures exposure rather than the raw index.
The issuer, m+ funds, comes from the structured-products world — this category has lived inside bank-issued structured notes for decades, and these ETFs put it in a ticker anyone can buy. MPDY has paid once: $0.3374 per share, ex-dividend September 21, 2026, payable September 25. That is what "high monthly income" meant in cents for one month; whether it holds is the open question.
What Nobody Can Know Yet
MPDY has paid once, so there is a short record rather than a settled one, no real yield, and no evidence of how its strategy behaves across a full cycle. One check cannot be annualised into a yield, and anyone doing it is quoting a projection. Filings also get delayed, renamed, or quietly abandoned; this page's status updates daily either way. From here we chart every payment from its very first one, free.
One email the day a new income fund launches — nothing else, ever. We watch the issuers' own sites continuously; you hear before the videos exist.
Frequently Asked Questions
When did MPDY launch?
It launched Aug 12, 2026. The registration was first seen in SEC records dated Aug 7, 2026; issuers typically launch within months of filing, but filings can also stall. The status box above updates daily, and the launch tracker shows everything else on the runway.
What will MPDY pay?
It has paid once. The first was $0.3374, ex-dividend Sep 21, 2026. One check is a data point, not a yield, and this page will not annualise it. The strategy is option-income, so distributions would depend on real option premiums once live.
How is MPDY different from a covered-call ETF like JEPI or QYLD?
Different income engine entirely. Covered-call funds own stocks and sell call options — they earn premium by giving away upside. MPDY's autocall index earns fixed coupons for taking on deep-downside risk: it keeps paying in flat or rising markets and only takes principal losses if the S&P falls through a distant barrier. Covered-call funds bleed in slow declines but keep some upside participation via the stocks; autocall strategies shine sideways and get hurt suddenly in severe crashes. Neither is free income — they just charge different tolls.