Bottom line: CHPY is an actively managed ETF that holds a focused portfolio of roughly 15–30 semiconductor companies and sells call spreads against those holdings to generate weekly income. Elevated sector volatility can support high distribution rates while the fund retains direct equity exposure, allowing partial participation in semiconductor upside.
It is not a pure semiconductor growth fund or a low-risk income product. The call-spread overlay caps upside in strong rallies, downside remains fully exposed to the highly cyclical semiconductor sector, and distributions can include return of capital. NAV can still decline meaningfully during sector drawdowns.
Treat it as a high-conviction, sector-specific income satellite rather than a core holding. Size the position according to your tolerance for semiconductor volatility and variable weekly payouts. Always review the latest prospectus, holdings, and distribution composition. This is not investment advice.
Monthly Distributions for CHPY
No distribution data found.
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $1,028.50 | 17 | $0.00 | $60.50 | $60.50 | $60.85 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).