Due to its indexing methodology, investors may find higher yields than dividend stocks while potentially hedging against volatility of equity markets. The portfolio could ensure optimal diversification by capping sector and industry weights. The portfolio also potentially provides significantly lower levels of interest rate and credit risk compared to a traditional corporate bond fund.

Related: New ETF is a Dividend Diva With a Hedge

Sector weights include basic materials 1.1%, consumer cyclical 13.0%, financial services 10.8%, real estate 15.4%, telecom services 3.0%, energy 21.6%, industrials 2.9%, tech 6.1%, consumer defensive 4.8%, healthcare 2.1% and utilities 19.2%.

Top holdings include ONEOK 2.1%, HollyFrontier 1.1%, Spirit Realty Capital 1.1%, FirstEnergy 1.1% and Xerox 1.1%.

Financial advisors who are interested in learning more about alternative income strategies can register for the Wednesday, August 30 webcast here.