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.

You are right, @davidmoran, to question a description of a strategy that includes the pointless use of jargon. If the manager sells a lot of shares for a gain, he does not "unlock" capital gains. How, for instance, can a mutual fund "approximate" a benchmark? The former editor in you must cringe when you read this tripe.
My bête noire these days is NPR reporters being interviewed about almost any subject (grave or frivolous) who respond to each question with "Yeah, so, I mean..."

@davidrmoran - not that it matters but Fidelity states this about account historical rate of return:
"The returns shown on the Historical Returns card are Investment Rate of Return values. Your Investment Rate of Return uses a time-weighted formula that measures the performance of underlying investments and takes into account fees, but does not take into account the size and timing of any deposits or withdrawals to your account during the defined time period. The Investment Rate of Return is subject to change and should not be used solely in making investment decisions. Fidelity will not provide notification that past data may have been inaccurate, or that it has been corrected. Rates of return include changes in share price and reinvestment of dividends and capital gains, if applicable." (emphasis mine)

https://seekingalpha.com/article/4396920-amplify-cwp-enhanced-dividend-income-etf-5-distribution
The Amplify CWP Enhanced Dividend Income ETF seeks to deliver cash flow of 4% to 7% gross of fees and commissions plus the potential for capital appreciation.
Since inception in 2016, DIVO has an average annual return of 12.5% with a beta of 0.78 compared to the S&P 500. TTM distributions are about 5%.
DIVO is strategically designed to offer high levels of total return on a risk-adjusted basis.
Mutual Fund Observer classifies DIVO as a Great Owl Fund in the Equity Income Category with a MFO Rating of 5 (Best) and MFO Risk of 4 (Similar to S&P 500).
Morningstar's new Crowd Sense metric rates DIVO as "High Attention" and "High Appeal". It gives DIVO a quantitative Five Star Rating and Bronze Medal Performance.

Fascinating to track how it remains the barest hair ahead of VONE over all large intervals from 10y on in --- so consistent. How dey do dat?

From M* Fund Report by Venkata Sai Uppaluri:
"The fund samples the Russell 1000 Index to
minimize taxable dividends while approximating the
composition of the Russell 1000 Index. To do this, the
fund invests in stocks that pay lower dividends within
the index, harvests tax losses when available to offset
capital gains, and minimizes turnover that can unlock
capital gain taxes. The portfolio managers are
constrained by strict tracking-error limits to the Russell
index. Consequently, the fund closely approximates that
benchmark, with a low active share of 14%."

wrapup and more
https://www.washingtonpost.com/business/2020/12/31/stock-market-record-2020/

The other noteworthy AQR fund is Diversified Arbitrage (market neutral), ADANX, but the expense ratio keeps on rising; now at 2.32%. The rest of AQR funds are getting expensive to own. This fund, however, is leading two competitive funds in the same asset class:
AQR Diversified Arbitrage, ADANX YTD 25.5%
Arbitrage, ARBFX, 5.4%
Merger, MERFX, 5.0%
While the AQR funds are having high expense ratio, their performance in 2020 have not been consistently good versus their peers. The founder of AQR funds, Cliff Asness, a former hedge fund manager, lets his politics spill over his business in recent years. Wish he stay focus on the AQR funds and brings them to be more competitive in the mutual fund universe. Performance-wise, as note by AndyJ above, they are not consistently good.
Think I will stick with T. Rowe Price funds.

As I am getting close to retirement next year, I will complete conversion of DSEEX to PHSKX & VLAAX (reason - DSEEX March 2020 performance, too volatile).

Year end cleanup:
Sold T for tax purposes. I'll take a capital gains loss but I'm fairly certain I can repurchase the shares next year at the same or possibly lower cost.
Added to my ARK stable by buying a small position in ARKF. Strictly a small bet on Ms. Woods thesis for digital transactions.