weaker NAV protection vs newer funds
XYLD is a fund I used to hold, but I moved away because I judged it to have less favorable NAV protection versus newer covered-call index options funds from NEOS.
XYLD was exited in favor of covered-call index funds from NEOS that are judged to offer better NAV protection characteristics. The relative disadvantage on capital preservation is the primary reason for the downgrade.
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