Tuttle Capital Magnificent 7 Income Blast 

The Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) is an actively managed fund designed to offer investors exposure to the seven leading American technology companies: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla. Diverging from strategies solely focused on capital appreciation, MAGO aims to provide both equity access to these firms and generate income by utilizing a sophisticated options overlay approach. The fund maintains flexibility in its holdings, which may include direct stock ownership or synthetic long positions established through options contracts. Its portfolio undergoes rebalancing on a quarterly basis, ensuring an equal weighting across all seven constituent companies. To generate income, MAGO systematically executes a put credit spread strategy, simultaneously writing (selling) near-the-money put options to earn premiums and purchasing out-of-the-money put options to mitigate potential downside risk for each underlying company. The fund targets weekly income distributions for its shareholders.