Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (DCAP) is an actively managed exchange-traded fund that seeks long-term capital appreciation through a dynamic investment strategy combining equity exposure and options overlays. The fund invests primarily in a diversified portfolio of U.S. large-cap stocks selected for growth potential; employs options strategies including covered calls, put writing, and collars to enhance income and manage volatility; and allocates tactically across sectors such as technology, healthcare, and consumer discretionary to optimize returns. DCAP targets income-oriented investors, retirement plans, and financial advisors seeking enhanced yield with equity upside, operating exclusively in the U.S. market.
Launched in 2023 and domiciled in Delaware with administrative operations in New York, the ETF is issued by Unity Wealth Partners, an independent investment adviser focused on innovative ETF solutions. In late 2024, Unity Wealth Partners announced a strategic partnership with a leading options market maker to improve execution efficiency and reduce trading costs for DCAP's derivatives positions. The fund expanded its assets under management to over $150 million by mid-2025 through a successful seed capital raise from institutional investors and broadened distribution via major brokerage platforms. Additionally, DCAP introduced an enhanced share class in Q3 2025 featuring lower expense ratios and automated options reinvestment features to attract high-net-worth individuals.