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Global X Long-Term U.S. Treasury Premium Yield ETF
LPAY (Global X Long-Term U.S. Treasury Premium Yield ETF) is a covered call Canadian Dividend Equity ETF by Global X. With a 0.00% MER, it provides diversified exposure. Monthly distribution with a 8.33% yield.
LPAY by Global X 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 0.00% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 8.33% 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.