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About Defiance Gold Enhanced Options Income ETF
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Inception date
Apr 1, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
GLDY aims to generate monthly income through risk exposure to shares of GLD, a fund that tracks the gold spot price using physically held gold bars in London vaults. At least once a week, GLDY sells put options priced at-the-money or 0%-5% in-the-money, which places a cap on potential gains. The strategy may profit when GLDs share price increases, stays flat, or decreases slightly. However, the fund is subject to all potential losses if GLDs share price declines significantly, which may not be offset by the income received. The fund seeks to outperform relative to traditional option-based strategies with a typical duration of less than one week. GLDY does not invest directly in gold bullion or the underlying ETP. Due to the nature of its options strategy, the fund may occasionally hold GLD shares intending to be sold within the day to avoid tax implications. The fund will hold short-term US Treasurys as collateral. There is no guarantee the strategy will result in higher income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government63.12%
Mutual fund38.90%
Rights & Warrants−0.00%
Cash−2.02%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GLDY assets under management is 1.42 M USD. It's fallen 7.60% over the last month.
GLDY fund flows account for 1.50 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, GLDY pays dividends to its holders with the dividend yield of 38.07%. The last dividend (May 2, 2025) amounted to 0.61 USD. The dividends are paid monthly.
GLDY shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Apr 1, 2025, and its management style is Active.
GLDY expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
GLDY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GLDY invests in bonds.
GLDY trades at a premium (0.41%) meaning the ETF is trading at a higher price than the calculated NAV.