GLDY

📎 Investment Objective

The Defiance Gold Enhanced Options Income ETF (GLDY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Defiance Gold Enhanced Options Income Index.

✨ Key Features

• Provides exposure to the gold commodity through futures contracts
• Utilizes an options strategy to generate additional income
• Aims to enhance returns compared to a traditional gold fund
• Relatively low expense ratio of 0.00%

⚠️ Primary Risks

• Commodity risk: The fund's performance is tied to the price of gold, which can be volatile
• Derivatives risk: The options strategy may not perform as expected, leading to losses
• Liquidity risk: The fund may have difficulty trading its positions, especially in times of market stress
• Tracking error risk: The fund may not perfectly track its underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to the gold commodity with the potential for enhanced returns through an options-based strategy. Investors should have a higher risk tolerance and understand the risks associated with commodity and derivatives investments.