IGLDFT Cboe Vest Gold Strategy Target Income ETF
IGLD Fund Description
IGLD aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary.
IGLD Factset Analytics Insight
IGLD uses FLEX options, short-term treasuries and cash-like investments to participate in the price performance of the SPDR Gold Trust ETF (GLD). The fund aims to provide consistent income, on an annual basis of about 3.85% above yields of one-month T-bills. For tax purposes, IGLD does not hold the FLEX options or gold directly but gets its exposure through a wholly-owned Cayman Island subsidiary. The fund participates in the gains of GLD on about 50-100% basis by purchasing call options. IGLD utilizes a partial covered call strategy wherein a portion of the upside price return of GLD is converted into current income. To implement this strategy, IGLD will sell call options with an expiration date less than or equal to one month in the future. While the fund provides additional income through FLEX options, it does not provide buffers for losses, it fully participates in GLDs losses on a one-to-one basis.
IGLD Summary Data
IGLD Portfolio Data
IGLD Index Data
IGLD Portfolio Management
IGLD Tax Exposures
IGLD Fund Structure
IGLD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IGLD. IGLD is rated a 5 out of 5.
IGLD Top 10 Targeted Commodity Weights
IGLD Tenor Strategy
IGLD holds physical bullion. Prices will reflect the current spot market values.
IGLD Rolling Strategy
Since IGLD holds physical bullion rather than futures contracts, it does not have a roll strategy.
IGLD 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.