NVII was created on 2025-05-28 by REX Shares. The fund's investment portfolio concentrates primarily on information technology equity. NVII seeks to provide weekly distributions through a synthetic covered call strategy on Nvidia (NVDA), while also aiming for 105% to 150% of NVDAs daily share price performance. The actively managed fund uses both standardized exchange-traded and FLEX options, collateralized by US treasuries.