GLDXUSCF Gold Strategy Plus Income Fund ETF
GLDX Fund Description
GLDX is actively managed, aiming to provide gold exposure while generating income through a gold covered call writing strategy and collateral interest income.
GLDX Factset Analytics Insight
GLDX aims to add income to gold exposure by maintaining a substantial position in physical gold and gold futures. The fund primarily gains this exposure directly or indirectly via COMEX gold warrants and gold futures, which is done through its wholly-owned Cayman subsidiary. Gold warrants are negotiable warehouse receipts evidencing ownership of gold bars stored in licensed depositories, and gold futures are fully margined and collateralized. The fund limits its investments in the subsidiary at 25% of its assets, and intends to limit its gold warrant investments to 20% of the value of its subsidiary. Gold futures and warrants are evaluated for expected return and all-in costs to determine the desired balance between them. The fund may also use cash-settled options, forwards, options on futures contracts, and other options to obtain its desired exposure.
GLDX Summary Data
GLDX Portfolio Data
GLDX Index Data
GLDX Portfolio Management
GLDX Tax Exposures
GLDX Fund Structure
GLDX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GLDX. GLDX is rated a 5 out of 5.
GLDX Top 10 Targeted Commodity Weights
GLDX Tenor Strategy
GLDX Rolling Strategy
GLDX Performance Statistics
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.