Bottom line: FBY seeks high weekly income by writing calls against synthetic exposure to Meta Platforms (META). Single-stock and mega-cap tech volatility can support attractive option premiums, giving income investors a way to monetize META’s price swings while collecting frequent distributions and retaining some participation in the stock.
It is not a pure Meta equity holding or a low-risk income product. Upside is capped by the sold calls, downside remains largely unprotected, and NAV can erode when distributions include significant return of capital or when the stock trends strongly. Concentration risk is high.
Size the position according to your tolerance for single-stock volatility rather than the headline yield. Always review the latest prospectus, distribution composition, and META’s fundamentals. This is not investment advice.
Distribution History for FBY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| August 2026 | $7.55 | 148 | $0.0510 |
| July 2026 | $14.39 | 185 | $0.0778 |
| June 2026 | $7.53 | 148 | $0.0509 |
| May 2026 | $15.79 | 185 | $0.0854 |
| April 2026 | $10.06 | 148 | $0.0680 |
| March 2026 | $9.22 | 148 | $0.0623 |
| February 2026 | $14.92 | 148 | $0.1008 |
| January 2026 | $39.76 | 683 | $0.0582 |
| December 2025 | $117.73 | 1,015 | $0.1160 |
| November 2025 | $62.29 | 609 | $0.1023 |
| October 2025 | $137.40 | 812 | $0.1692 |
| September 2025 | $89.75 | 203 | $0.4421 |
| Grand Total: | $2,589.46 | 7,647 | $0.3386 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $0.00 | 0 | $2,644.86 | $20.42 | $0.00 | $9.12 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).