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YieldMax AMD Option Income Strategy ETF
AMDY (YieldMax AMD Option Income Strategy ETF) is a covered call US Dividend Equity ETF by YieldMax. With a 1.00% MER, it provides diversified exposure through 8 holdings. Monthly distribution with a 82.81% yield.
AMDY by YieldMax uses a covered call strategy. By selling call options on its holdings, it generates additional income at the cost of capped upside potential during bull markets.
Its 1.00% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 82.81% yield, making it attractive for income-seeking investors.
This ETF is primarily aimed at investors in the distribution phase or seeking regular income, particularly in a TFSA where distributions are tax-free.