XFUNDS™ by Nicholas Wealth is an Atlanta-area investment manager and exchange-traded fund sponsor that develops actively managed ETFs focused on large-cap equity exposure and options-based income strategies; the firm’s XFUNDS Large Cap Income ETF (VOOY) seeks capital appreciation as its primary objective and current income as its secondary objective, primarily through a portfolio of U.S. large-cap equity securities and ETFs that track U.S. large-cap equity indices, together with options strategies that may include call and put spreads, single-leg options, short call options and cash-secured puts, while also holding cash equivalents for liquidity and collateral purposes. Founded as Nicholas Wealth and based in Marietta, Georgia, the business distributes its ETFs through broker-dealers, investment advisers and other financial services firms, and markets the fund through its website and direct contact channels. Recent company developments include the June 2026 filing to add VOOY alongside three related income ETFs to the Tidal Trust II platform; the September 2026 launch and NYSE Arca listing of VOOY; and the introduction of the fund as part of XFUNDS’ broader expansion into a family of actively managed income-oriented ETFs, with a stated expense ratio of 0.78%.