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Yieldmax XOM Option Income Strategy ETF
XOMO (Yieldmax XOM Option Income Strategy ETF) is a covered call US Dividend Equity ETF by Yieldmax. With a 1.17% MER, it provides diversified exposure through 7 holdings. Monthly distribution with a 28.54% yield.
XOMO by Yieldmax 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 1.17% MER reflects the costs of a more specialized management approach. It pays a monthly distribution with a 28.54% 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.