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Amplify SILJ Covered Call ETF
SLJY (Amplify SILJ Covered Call ETF) is a covered call US Equity ETF by Amplify. With a 0.76% MER, it provides diversified exposure through 9 holdings.
SLJY by Amplify 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 0.76% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
This ETF is primarily aimed at investors in the distribution phase or seeking regular income, particularly in a TFSA where distributions are tax-free.