BWVTF – iPath® CBOE S&P 500 BuyWrite ETN – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to replicate, net of expenses, the CBOE S&P 500 BuyWrite Index. The index is designed to measure the total rate of return of a hypothetical “buy-write”, or “covered call”, strategy on the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a “long” position indexed to the S&P 500 Index and the sale of a succession of one-month, at- or slightly out-of-the-money S&P 500 Index call options that are listed on the Chicago Board Options Exchange.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BWV	iPath® CBOE S&P 500 BuyWrite Index(SM) ETN	ETF	Open	—	—	May 22, 2007	—	0.750%	—	—	—
BWVTF	iPath® CBOE S&P 500 BuyWrite Index(SM) ETN	ETF	Open	—	—	May 22, 2007	$1.61M	0.750%	—	—	−$114,249.30
BWV	iPath® CBOE S&P 500 BuyWrite Index(SM) ETN	ETF	Open	—	—	May 22, 2007	—	0.750%	—	—	—

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