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Defiance R2000 Target 30 Weekly Distribution ETF
IWMY (Defiance R2000 Target 30 Weekly Distribution ETF) is an active US Equity ETF by Defiance. With a 1.05% MER, it provides diversified exposure through 2 holdings. Monthly distribution with a 59.56% yield.
IWMY is actively managed by Defiance's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.05% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 59.56% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).