According to the statute (see p. 1966 out of 5593!), this 2021 "stimulus" check is an advance of a tax credit on your 2020 return - same as the last check.
You can't file your 2020 tax return before January 27th, which is why I think the IRS is saying that it will get all payments sent by mid January. Your tax software will have to be updated because it doesn't currently include code or worksheets to handle the second payment.

If you get the deposit on the 1st of January, 2021, is the income it ultimately is tested against income in 2021? My tax program claimed more of the 1st deposit by applying the income test to 2020 where RMDs were waived. 2019 income was originally used for the deposit. RMDs aren't waved in 2021 so if you have large RMDs like we do, will you qualify pre-RMD if you received the deposit on 31st December, 2020, but face a large reduction if you received it on 1st January 2021? (We don't need the money and think it silly to give it to us instead of more needy people. I was testing my taxes in TaxAct today to see if I needed any increase in my last quarterly estimated tax. TaxAct increased the 1st deposit and it made me wonder about the applicable tax year for the 2nd deposit.)

The year 2020 was a wild roller coaster ride. Hopefully 2021 is better.

March 18, 2020:
DOLE Mixed Tropical Fruit in Light Syrup and Passion Fruit Juice, 15.25 Ounce Can (Pack of 12)
Sold by: Amazon.com Services LLC
$16.56
June 24, 2020:
DOLE Mixed Tropical Fruit in Light Syrup and Passion Fruit Juice, 15.25 Ounce Can (Pack of 12)
Sold by: Amazon.com Services LLC
$16.56
Was thinking about reordering...
Jan 3, 2021:
DOLE Mixed Tropical Fruit in Light Syrup and Passion Fruit Juice, 15.25 Ounce Can (Pack of 12)
Ships from and sold by Amazon.com.
$30.99​
Obviously Amazon has jacked up their price outrageously, yes?
Well, maybe not-
Jan 3, 2021:
DOLE Mixed Tropical Fruit in Light Syrup and Passion Fruit Juice, 15.25 Ounce Can (Pack of 12)
Walmart
$47.87

I noticed MEASX several years ago.
The fund performed exceedingly well within its category the first three full calendar years.
12-31-2016
3 Yr return: 10.9% (top 2% of category);
standard deviation of 8.91%
MEASX seems to be in a slump since 2017.
05-31-2020
3 Yr return: -13.8% (bottom percentile); 5 Yr return: -4.0% (bottom percentile);
standard deviation of 21.40%
Note: Morningstar moved MEASX from the 'Pacific/Asia ex-Japan Stock' category
to the 'Miscellaneous Region' category sometime after May 31, 2020.

"Farewell to 2020!" was particularly enjoyable.

I think an increase in individual investors was also a factor. Betting on stocks when sports weren’t available. - WSJ article, open for some reason
“ 2020 will be known as the year that individual investors dove into financial markets and doubled down, ....Driving the interest was a combination of factors that started with an industrywide shift to commission-free trading in 2019 but swelled as market volatility grew. As the coronavirus rolled across the U.S., millions of new investors found themselves stuck at home, some with extra time on their hands to learn about the markets. Others, unable to bet on sports or visit casinos, found the stock market’s outsize swings presented the perfect outlet to make bets.”
And as posted earlier this week: Market Edges Toward Euphoria, Despite Pandemic’s Toll
https://www.nytimes.com/2020/12/26/business/investors-bull-market-pandemic.html?referringSource=articleShare
“ The appetite of individual investors has been an unexpected byproduct of the pandemic. For many, trading stocks started as a way to indulge their speculative itch when other avenues, such as sports gambling, were effectively shuttered.”

The article illustrates the performance of various assets in 2020.
It was quite a year!
Link

All ratings have been updated on MFO Premium site, including MultiSearch, Great Owls, Fund Alarm (Three Alarm and Honor Roll), Averages, Dashboard of Profiled Funds, Portfolios, Quick Search, and Fund Family Scorecard. The site now includes several analysis tools, including Correlation, Rolling Averages, Trend, Ferguson Metrics, Calendar Year and Period Performance.
Given how far markets tumbled in March, most funds ended the year in positive territory, some very positive.
More here.

I guess OK to hold in a taxable account then, unless they happen to capture a ton of Capital gains.

It's an ETF of ETFs (largely bond ETFs or broad equity index funds from Vanguard, iShares, etc.), so it shouldn't be passing through much in the way of cap gains. And it doesn't seem to have generated cap gains through its own trading so far (see the Distributions page I mentioned above).
But with a turnover rate of 83% (per Prospectus p. 1 pdf p. 3), sooner or later some cap gains distributions seem likely.

"The Fund’s Index seeks to offer the potential for targeted monthly distributions while maintaining a stable net asset value over time (all or a portion of which includes a return of capital if the Fund’s net return is less than the targeted distribution rate). Distributions are not guaranteed, and their rates can be changed at any time."
So HNDL intends to distribute 7% to shareholders each year, and a good portion of that will be likely be ROC (and not income) for now - at least, in the current low-yield environment. Its a payout fund.
I guess OK to hold in a taxable account then, unless they happen to capture a ton of Capital gains.

One won't know until after the end of the year, when the ETF can calculate the exact numbers, how much of any distribution consisted of ROC. Until then, all figures are estimates:

The Fund will provide disclosures, with each monthly distribution, that estimate the percentages of the current and year-to-date distributions that represent (1) net investment income, (2) capital gains and (3) return of capital. At the end of the year, the Fund may be required under applicable law to re-characterize distributions made previously during that year among (1) ordinary income, (2) capital gains and (3) return of capital for tax purposes. An additional distribution may be made in December ...

Prospectus, p. 16 (pdf p. 18); emphasis added.
Historically, every one of the estimates included a nonzero return of capital as part of the distributions. See this page, click on "Distributions" tab.
For example, the estimate for the December distribution shows nearly 5/6 (82.3%) of the distribution coming from return of capital.
http://strategysharesetfs.com/wp-content/uploads/funds/7handl/Rule19a_1_2020_12_Distribution.pdf
[A marketing note: the ETF says that it is 23% leveraged. It computes this by dividing the amount of leverage by the market exposure. It gives an example of buying a house with 77% down and 23% borrowed. This is really 30% leverage in terms of your money at risk. If that $100K house loses 10% of value, your $77K investment has declined $10K, which is a 13% decline not a 12.3% loss.]

Does anyone know if HNDL's distribution is earned or is a portion of it ROC? Schwab classifies the monthly 2020 distributions as "dividend income", but on the Strategy Shares website, it states that they may return capital to meet the monthly distribution. Anyone know the history on this?

Apple is a "blend—a blue chip stock with its heady growth days in the past"

This article was just published today:
https://www.bloomberg.com/news/articles/2020-12-29/bruce-berkowitz-scores-big-with-decade-long-bet-on-florida-land

I would move there tomorrow if the hurricane threat was minimal. Beautiful part of Florida, but right in the bull's-eye, as far as strong storms go. All of that warm Gulf water to intensify.

I have owned it since the Covid downturn. Although the yield is not as attractive now, I have no intention of selling, but will buy more if we have a dip. My only issue with it is that the bid/ask spread is usually larger than I like. Several years ago, I spoke to an advisor at Capital Wealth Planning in Naples, FL (the subadvisor of DIVO) about opening a separately managed account using this strategy. I hesitated to pull the trigger because it would entail buying many stocks at what was then an all-time high. I did some digging to look for an ETF or mutual fund that had the same strategy and discovered DIVO. I feel more comfortable owning this because I am in control of when to add and when to trim. And unlike the separately managed account where the distributions get paid more sporadically (per the advisor there), DIVOs dividends are paid regularly. A lot less complicated to own DIVO.

some really interesting things here
https://www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.html

@Mark,
thanks
A very experienced financial writer friend whom I freelance with sometimes quickly fixed Uppaluri's comical regurgitation:
The fund's concept is to track the total return of the Russell 1000 Index while having less of that return consist of income. It invests in a representative sample of stocks in the index, favoring those with low or no dividends, and also minimizes capital gains in two ways: by managing how they're offset by losses and by keeping turnover low. In recent performance the fund's total return has been well within its target [+/- tktk] limit, while on average trading only 14% of holdings a year.

Year-end portfolio tinkering.
Me thinks perhaps the market forces the Fed unleashed in March 2020 will continue to play out in 2021 as vaccines get distributed. With that in mind, a couple of "exotic" funds were added to the fund portfolio.
Bond Pot: Added SVARX. Sold PFOAX. Pot includes PTIAX, PONAX, RCTIX, SVARX, IOFIX. IOFIX will probably be eliminated as it continues to recover in 2021 (replace with GIBLX or ?).
Mixed I Pot: Added GBLMX. Sold HBLAX. Pot includes VWINX, GBLMX, DHHIX, PFANX, TRECX.