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YieldMax AMZN Option Income Strategy ETF
AMZY (YieldMax AMZN Option Income Strategy ETF) is a covered call US Dividend Equity ETF by YieldMax. With a 1.09% MER, it provides diversified exposure through 7 holdings. Monthly distribution with a 52.69% yield.
AMZY 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 1.09% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 52.69% 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.