ETF Trends CEO Tom Lydon discussed the Nationwide Risk-Managed Income ETF (NUSI) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

NUSI is actively managed portfolio of stocks included in the Nasdaq-100 Index and an options collar. Per index rules, the fund only invests in the top 100 largest by market cap, nonfinancial stocks listed on NASDAQ. A collar strategy involves selling or writing call options and buying put options, thus generating income to hedge some downside risk. The strategy seeks to generate high current income on a monthly basis from any dividends received from the underlying stock and the option premiums retained.