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Defiance BMNR Option Income ETF
YBMN (Defiance BMNR Option Income ETF) is a covered call US Dividend Equity ETF by Defiance. With a 0.85% MER, it provides diversified exposure through 5 holdings.
YBMN by Defiance 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 0.85% 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.