● LAUNCHED Began trading Oct 9, 2026. Payment history will be charted here from the first distribution.
This fund is already trading; the payment watch is now waiting on its first distribution. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What OPTO Does, Per the Filing
OPTO listed on October 9, 2026 on Cboe BZX. It is the first ETF we track built on photonics — the prospectus defines that as the science of generating, manipulating, transmitting, detecting and applying light, and names optical communications components (lasers, modulators, coherent optics, transceivers, optical amplifiers, silicon photonics, photonic integrated circuits), industrial and scientific laser systems, LiDAR and infrared imaging, and optoelectronic devices such as LEDs and laser diodes.
The stated investment objective is three words: “to seek current income.” Not growth. The fund holds the photonics exposure directly — common stock, preferred stock and depositary receipts, plus exchange-traded call options and synthetic positions — to reach at least 80% of net assets in photonics-related companies.
The income comes from somewhere specific, and it is worth naming because it is not the usual covered call. The filing says the fund “will implement a systematic put spread strategy to generate income.” A put spread sells one put and buys a cheaper one below it, which caps both the premium collected and the loss if the underlying falls hard. The synthetic long exposure is built the other way, from “long call and short put options on the same underlying security with the same strike price and expiration date.”
On the money: the fee table shows a 0.99% management fee and 0.99% total annual fund operating expenses. The fund “intends to make weekly distribution payments to shareholders”, so it joins the weekly payers rather than the monthly ones.
One thing we will not do yet is quote you a price or a yield. OPTO is days old and the data sources disagree sharply with each other on what it has traded at, which is normal for a fund this new and this small — third-party trackers put its assets near $637,000 in mid-October. We chart payments from the issuer's own record once there are payments to chart, and there are none yet.
What Nobody Can Know Yet
OPTO is trading, but it has not paid yet, so there is no payment history, no real yield, and no evidence of how its strategy behaves in live markets — any number you hear before its first distribution is a target or a guess. A fund can also take months to declare one, or pay less than its target implied. When OPTO declares, we chart every payment from its very first one, free.
One email the day OPTO declares its first distribution — the amount, not a press release. Until then there is nothing to report, and we will not invent any.
Frequently Asked Questions
When did OPTO launch?
It launched Oct 9, 2026. The registration was first seen in SEC records dated Oct 9, 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 OPTO pay?
Unknowable until it pays — there is no payment history yet and the filing promises no rate. The strategy is option-income, so distributions would depend on real option premiums once live.
Is OPTO a covered call fund?
No, and that is the most unusual thing about it. Most income ETFs sell calls against something they hold. OPTO's prospectus describes a systematic PUT SPREAD strategy for income — selling a put and buying a cheaper one beneath it — while building its photonics exposure through stock plus synthetic long positions made of a long call and a short put at the same strike and expiry. The income therefore depends on put premium and on where the underlying sits relative to those strikes, which behaves differently from a covered call in a falling market.