AB Equity Premium Income ETF is an actively managed exchange-traded fund that seeks a combination of high current income and capital appreciation. The fund provides broad exposure to U.S. large-cap equities designed to reflect the risk and return characteristics of the S&P 500 Index, combined with a covered call options strategy primarily using options on broad U.S. equity ETFs and indexes to generate premium income. It also employs active tax-loss harvesting to potentially improve after-tax returns.