Key stats
About Strategy Shares Gold Enhanced Yield ETF
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Inception date
May 17, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
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
Rational Advisors, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US86280R8786
GOLY aims to provide monthly distributions through a diversified portfolio of bonds, gold, and commodities. However, these payments may include a return of capital rather than net profits. Investments consist of USD-denominated corporate bonds and US Treasuries, maintaining investment-grade credit quality through quantitative metrics and fundamental analysis. Simultaneously, it hedges against inflation and currency risks via total return swaps on near-month gold futures. Lastly, it uses a long/short approach to energy, industrial metals, and precious metals commodities, capitalizing on market inefficiencies. Using leverage, the fund achieves 200% notional exposure, with 100% to bonds and 100% to gold and commodities. A portion of the strategy is executed through a Cayman Islands subsidiary, which manages swaps and collateral. Note that using leverage magnifies potential gains and losses, particularly in volatile markets. Before Feb 1, 2024, the fund traded under the ticker GLDB.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.43%
Cash0.57%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GOLY assets under management is 126.07 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GOLY invests in bonds. See more details in our Analysis section.
GOLY expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GOLY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, GOLY pays dividends to its holders with the dividend yield of 5.55%.
GOLY shares are issued by Rational Advisors, Inc.
GOLY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 17, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.