NAV erosion present but dividends offset it
WDTE has a legitimate NAV-erosion concern typical of covered-call funds, but the key takeaway is that despite being down more, it has still delivered positive year-to-date returns if dividends are reinvested.
WDTE shows a structural NAV-erosion concern typical of covered-call funds, yet year-to-date returns remain positive when dividends are reinvested. The mixed stance reflects real risk alongside an income offset that prevents a fully negative outcome.
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