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Moat Active Premium Yield ETF
MOAT (Moat Active Premium Yield ETF) is a covered call Canadian Dividend Equity ETF by Moat. With a 0.75% MER, it provides diversified exposure. Monthly distribution with a 4.08% yield.
MOAT by Moat 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.
With a 0.75% MER, its fees are in line with category averages. It pays a monthly distribution with a 4.08% 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.