Strategy Shares Gold ETFS Enhanced Fund (GOLY)
BATS BATS Primary Summary
GOLY Chart
GOLY: Gold And Fixed-Income Exposure Wrapped In One Paying 7% Distribution Yield
Strategy Shares Gold Enhanced Yield ETF offers gold exposure with a unique fixed-income and commodity basket component, targeting income and capital appreciation. GOLY uses leverage to achieve exposure to both gold/commodities and bonds, generating monthly distributions currently near 7% TTM. Unlike peers, GOLY does not use options writing; instead, it relies on bond income and capital gains, which changes the overall risk/reward.
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Strategy Shares Gold ETFS Enhanced Fund (GOLY) FAQ
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Strategy Shares Gold ETFS Enhanced Fund Profile
| BATS Exchange | US Country |
Overview
The index is designed as a sophisticated financial instrument aimed at investors looking to gain broad exposure to the U.S. dollar-denominated investment grade corporate bond sector. Its unique characteristic lies in its strategy to mitigate or "hedging" against the U.S. dollar currency risk, using a gold inflation hedge. This approach offers a cushion against the volatility of the U.S. dollar, potentially making it an attractive option for those looking to diversify their investment portfolio with a focus on stability and mitigating currency risk. The fund operates with a specific focus on investment grade corporate bonds, dedicating at least 80% of its net assets, including borrowings for investment purposes, to this sector. Its strategy involves direct investments in bonds or indirect investments through total return swaps. Notably, the fund categorizes itself as non-diversified, meaning it might concentrate its investments in a smaller number of issuers or sectors, aiming for potentially higher returns but also embracing a higher risk level.
Products and Services
The company focuses on offering a specialized financial product designed to cater to investors seeking exposure to investment grade corporate bonds while aiming to hedge against currency risk. The products and services include:
- Investment Grade Corporate Bond Exposure:
Targets investors looking for exposure to the U.S. dollar-denominated investment grade corporate bond sector. This product is designed to appeal to those seeking the safety and steady returns associated with high-quality corporate debt securities.
- U.S. Dollar Currency Risk Hedging:
Provides a strategy to mitigate the impact of U.S. dollar currency fluctuations. The use of a gold inflation hedge as part of this service offers an innovative approach to protecting investment value, particularly attractive in times of currency volatility or inflationary pressures.
- Total Return Swaps:
Engages in the use of total return swaps as a means to indirectly invest in the bond market. This method can offer investors a way to gain exposure to the returns of the bond market without the necessity of holding the bonds directly, potentially allowing for greater flexibility and efficiency in portfolio management.
