Description

This index aims to track the theoretical returns generated by a covered call investment strategy. This strategy is applied to the iShares Silver Trust (referred to as SLV Shares) and its performance is derived from two main components: the price movements of the SLV Shares themselves, and the simulated income received from the hypothetical monthly sale of call options written on those SLV Shares. From these combined gains, the index subtracts notional transaction costs associated with implementing this covered call approach.