In your career, you've done a lot with the ETF business back to your Claymore days and everything else. I wonder if you could give us a little bit of um I guess an idea of in that kind of decadesl long span of fund management and and and ETF activity where you think we hit the real interest catalyst in having optionsbased strategies as part of ETFs. Was there a certain era time frame I if you will where people started to move a little bit more away from straight up dividend paying stocks and those income st ...

Core Insights - The podcast episode focuses on reviewing Todd Rosenbluth's favorite ETF picks from 2025, highlighting their performance and investment strategies [1][2][3] Group 1: ETF Performance - T. Rowe Price's International Equity ETF (TOUS) has outperformed both the iShares MSCI EAFE ETF (IEFA) and the S&P 500, with a year-to-date increase of 33% compared to 31% for IEFA and more than double for the S&P 500 [6] - Vanguard's 0-3 Month Treasury Bill ETF (VBIL), launched in the first quarter of 2025, has attracted $4.5 billion in assets, making it the most popular newly launched ETF this year [10][11] - NEOS's Nasdaq 100 High Income ETF (QQQI) has gathered $6 billion in assets, benefiting from options-based strategies to generate enhanced income [13][14] Group 2: Investment Strategies - The focus of the ETFs discussed includes international equity, short-term treasury investments, and growth strategies through Nasdaq-100 exposure [5][12] - The podcast emphasizes the importance of identifying trends in the ETF market, with a particular focus on actively managed and options-based strategies that have gained traction among investors [4][14]

Core Insights - The CBOE Volatility Index, known as Wall Street's fear gauge, has experienced its most volatile week since April [1] - Invesco's senior portfolio manager suggests that income funds using options-based strategies provide structural protection and are a sound investment strategy during volatile market conditions [1][2] Investment Strategies - Options-based strategies are not dependent on stock correlations with other asset classes, offering reliable downside protection and income that is not sensitive to interest rates [2] - The anticipated rate cuts by policymakers are expected to benefit these income strategies, as they provide income without reliance on Federal Reserve actions [2][3] Fund Performance - Invesco's income-generating funds, such as the Invesco QQQ Income Advantage ETF and Invesco MSCI EAFE Income Advantage ETF, have shown positive performance this year, with the latter gaining approximately 14% and the former up about 6% [3] - The Invesco S&P 500 Equal Weight Advantage ETF has remained virtually flat for the year, indicating varied performance across Invesco's fund offerings [4]

Core Insights - NEOS Investments launched its first trio of options income ETFs on August 30, 2022, which have collectively reached an AUM of $5.7 billion within three years [1] - The firm has accumulated over $10 billion in assets since the launch of its flagship funds, focusing on high income and tax efficiency [2] - NEOS offers core exposure to the S&P 500, short-term Treasury Bills, and the broad bond market through its ETFs, utilizing an option-writing strategy to generate high income [3] Fund Performance - SPYI has attracted over $2.25 billion in net flows in 2023 and has total returns of 45.91% since inception as of July 31, 2025, showcasing effective active management [5] - SPYI's distribution rate stands at 12.05% as of the end of July, outperforming its peers [7] - BNDI and CSHI have also shown better total returns and higher distribution rates than their peers and benchmarks since inception [8] Tax Efficiency - The funds utilize Section 1256 Contracts for options, allowing for favorable tax treatment on capital gains, with 60% taxed as long-term and 40% as short-term [3] - A portion of distributions from all three ETFs qualifies as a return of capital, which can enhance tax efficiency [4] - The managers engage in tax-loss harvesting opportunities throughout the year to optimize tax outcomes [11] Expansion and Innovation - NEOS has expanded its ETF lineup to include high-income offerings in alternatives and hedged equity income ETFs, including the NEOS Nasdaq 100 High Income ETF launched in January 2024, which has accumulated over $3.4 billion in AUM this year [9]

Market Trends & Investment Strategies - Leveraged ETFs are gaining popularity among investors, driven by the potential for greater rewards [1] - Options-based strategies are also on the rise [1] - Investors should be aware that leveraged ETFs come with greater risk alongside the potential rewards [1] Key Discussion Points - The podcast "Stocks In Translation" features GraniteShares CEO Will Rhind discussing leveraged ETFs and options-based strategies [1] - Rhind explains the reasons behind the rapid growth in popularity of leveraged ETFs [1] - The podcast aims to provide listeners with information to make informed trading decisions [1] Resources - Yahoo Finance offers free stock ticker data, news, portfolio management tools, and market data [1] - The Yahoo Finance app is available on Apple and Android devices [1] - Yahoo Finance can be followed on various social media platforms [1]

Group 1 - YieldMax™ launched the YieldMax™ HOOD Option Income Strategy ETF (HOOY) to generate current income through options-based strategies on Robinhood Markets, Inc. (HOOD) [1][2] - HOOY is part of the YieldMax™ ETF family, which aims to deliver current income to investors, with its first distribution expected on May 28, 2025 [2][3] - HOOY is managed by Tidal Financial Group and does not invest directly in HOOD [1][2] Group 2 - HOOY is categorized as a Group C ETF, indicating its distribution structure [2] - The distribution rates for other YieldMax™ ETFs vary, with some ETFs offering weekly distributions and others monthly [3][4] - The distribution rates for existing YieldMax™ ETFs range from $0.1059 to $4.6556 per share, with yields varying significantly [3][4]