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Derived from payout historyIncome reliability
Monthly income profile is visible
NUSI has an income profile aligned with its covered-call / enhanced-income role. Provider data shows 13 recent payout records.
Market dataIncome framework read
Covered-Call / Enhanced-IncomeNYSEUnited States
NUSI
Nationwide Nasdaq-100 Risk-Managed Income ETF
TechnologyCovered-call structureMonthly
Market Snapshot
US$26.78
-US$0.08 (-29.78%)
NasdaqGM
Yield
N/A
Rate US$5.35
Next Payment
Next pay N/A
Ex-date N/A
52wk Position
15.03%
-50.22% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- US$42.19
- APR
- 1.575
- Coverage
- 1.575
Fortress level. Selectively used for highest-priority rungs.
Price Creep
Defended price ceiling
- Max defended
- US$42.19
- Cushion
- US$15.41
- Cushion %
- 57.54%
Current US$26.78Break US$42.19
Smart Recommendation
NUSI is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.
Research Signals
Research in progress
DRIP availability
Plan-only
Tax character
Mixed
Distribution history
Monthly distributions, shorter history
Structure Overview
This is a covered-call or enhanced-income product that layers an option-premium strategy on top of an equity or bond portfolio to generate higher stated distributions. The option premiums can reduce upside participation when underlying securities appreciate quickly. Distribution stability, tax character, and total return can all differ meaningfully from a plain dividend stock or index ETF.
Canadian Planning Notes
- 1Covered-call ETF distributions often include a return-of-capital component that is not visible in the headline yield; verify the annual T3 or T5 slip for actual tax character.
- 2Compare the covered-call product against its plain-equity equivalent on a total-return basis before treating the higher yield as equivalent income.
- 3These structures are generally not more tax-efficient than eligible dividends in a non-registered account; TFSA or RRSP placement removes the annual tax-character complexity.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
TFSA
Covered-call distributions often include return of capital, which can require cost-basis tracking in taxable accounts.
RRSP: Also avoids annual return-of-capital tracking.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Plan-only
Wealthsimple
Plan-only
RBC Direct Investing
Plan-only
TD Direct Investing
Plan-only
U.S.-listed holdings can have withholding tax differences by account type. RRSP treatment is often more favorable than TFSA treatment.
Run Your Numbers
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Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.