TUGN: An Overlooked, Interesting Covered Call ETF Beating The S&P & Peers

The STF Tactical Growth & Income ETF (TUGN) employs a differentiated, dynamic covered call strategy, targeting a 10–12% yield with tactical asset allocation. TUGN has outperformed major S&P 500 ETFs since inception, with a 3-year average total return of 24.3% and 2023 returns of 35.15%. Management actively removes call spreads in bull markets to capture upside and shifts toward fixed income in bear markets to preserve NAV and income.

Seeking Alpha • Jun 25, 2026

Shelton Capital Management Becomes the Investment Advisor of STF Management ETFs (TUG, TUGN)

DENVER, March 30, 2026 /PRNewswire/ -- Shelton Capital Management ("Shelton") announced today that it will become the investment advisor of STF Management LP ("STF Management") assets including two exchange-traded funds: the STF Tactical Growth ETF (TUG) and the STF Tactical Growth & Income ETF (TUGN).1 The combined assets of the funds are approximately $100 million, with Shelton's total assets under management now exceeding $6.5 billion. Shelton has appointed Jonathan Molchan of STF Management as senior portfolio manager and head of ETF trading, effective March 30.

PRNewsWire • Mar 30, 2026

TUGN: A Double Negative Fund To Avoid

The STF Tactical Growth & Income ETF uses a proprietary Tactical Unconstrained Growth Model to allocate between growth equities, treasuries, and money markets. The ETF incorporates an option spread strategy to further generate income. Like the TUG ETF, the TUGN ETF underperforms the QQQ in both bearish and bullish markets. It further underperforms the TUG due to its spread-writing strategy that trades away upside.

Seeking Alpha • Aug 1, 2023