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YieldMax Target 12 Big 50 Option Income ETF
BIGY (YieldMax Target 12 Big 50 Option Income ETF) is a covered call US Dividend Equity ETF by YieldMax. With a 1.09% MER, it provides diversified exposure through 199 holdings. Monthly distribution with a 12.49% yield.
BIGY 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 12.49% 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.