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Guardian Directed Premium Yield Portfolio Hedge ETF Units
GDPY (Guardian Directed Premium Yield Portfolio Hedge ETF Units) is a covered call Canadian Dividend Equity ETF by Guardian. With a 1.03% MER, it provides diversified exposure. Monthly distribution with a 7.65% yield.
GDPY by Guardian 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 1.03% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 7.65% 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.