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.
Gold and silver have seen a monumental rally over the past few years.