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EXDATE

ENERGY CARRY

ECARRYElevated

Concentrated exposure to the highest-payout energy distributions.

Net asset value
$9.63
+3.12% 30d
Indicative yield
3.78%
TVL
$797K
Units outstanding
82.8K
Components
3
Next distribution
19d ago
Aug 12
Rebalance
39d
Oct 09
Net asset value
$9.63
$9.63
Aug 1Aug 31

Composition

Sectors1
  • Energy100.0%
  • Total100.0%

Event-right positions

dXOM-2026Q4
Exxon Mobil
507.6K$1.002763.8%Sep 18
dCVX-2026Q4
Chevron
151.0K$1.663831.5%Sep 21
dXOM-2026Q3
Exxon Mobil
36.3K$1.01534.6%Aug 12
Total100.0%

Expected cash flow

$818K total
Sep
Oct

Expected distributions by payment month, derived from each component's declared payout and the units held. Components with undeclared terms are valued at the current market price of the right.

Distribution calendar

  1. Aug 12
    19d ago
    Exxon Mobil
    $1.02 per unit · 36.3K units
    3.45%
  2. Sep 18
    18d
    Exxon Mobil
    $1.03 per unit · 507.6K units
    3.48%
  3. Sep 21
    21d
    Chevron
    $1.71 per unit · 151.0K units
    4.42%

Historical distributions

  1. dKO-2026Q3
    Delivered Jul 01, 2026
    $0.51 / unit
    Completed
  2. dAAPL-2026Q3
    Delivered Jun 25, 2026
    $0.26 / unit
    Completed

Methodology

A deliberately concentrated basket holding rights to energy-sector distributions, which carry the highest declared payouts in the eligible universe. Concentration raises single-event settlement risk; the basket is not diversified and is not intended to be.

Rebalance
Oct 09, 2026
Risk level
Elevated
Weighting
Declared payout yield

Risk disclosures

  • Component settlement risk

    The basket holds claims on corporate actions that issuers may amend or cancel. A change to any component's declared terms changes what the basket delivers.

  • Concentration

    This basket holds 3 components across 1 sector. Its largest position is 63.8% of net asset value.

  • Rebalance timing

    Composition changes on Oct 09, 2026. Rights held through a rebalance may be sold into the market at prevailing prices.

  • Net asset value

    Net asset value reflects the marked value of the underlying rights. It is not a guarantee of the amount that will ultimately be distributed.