DIREXION NVDA DEFINED INCOME BOOST ETF (USD) NVIB.US

The Direxion Defined Income Boost ETF with exposure to Nvidia ("NVDA Defined Income Boost ETF") is a single-stock income-focused exchange-traded fund designed to deliver both equity participation in Nvidia and current income via options writing.

Its core mandate is to track the Cboe NVIDIA Target Income Index. The strategy involves generating income by writing call options on Nvidia. The index's option strike selection is adjusted on a weekly basis, taking into account Nvidia's price and volatility levels, with the aim of preserving a more consistent risk profile across varying market conditions.

As for the asset class and scope, the fund is concentrated in equity exposure to a single company, Nvidia Corporation. The income component arises from derivative instruments (i.e. options), not from broader diversification.

The provider is Direxion Shares ETF Trust, and the vehicle is an actively managed ETF. It tracks a rules-based index (the Cboe NVIDIA Target Income Index), rather than following a traditional benchmark like a market-cap equity index.

Regulatory structure is under U.S. securities laws as an ETF.