Dec. 14 at 6:24 PM
$BIGY holdings represent 60% of the S&P market cap weighting. Combined with the sector weighting being nearly identical, this should track extremely closely with the S&P. This will make it easy to hedge using XSP or similar. I also like that they hold actual stock so they harvest the dividends of the underlying. They do not have to be as aggressive with the options they write to achieve their 12% goal. They take care of rebalancing quarterly which is nice.