- What does BAMY invest in?
- This fund allocates capital across a diverse range of assets specifically chosen to generate income. Its portfolio includes dividend-paying equities, preferred shares, high-yield corporate bonds, and other fixed-income instruments. The fund gains exposure to these investments both directly and through various underlying investment vehicles, such as closed-end funds, exchange-traded funds (ETFs), and ETFs that may employ put and call options. As an actively managed ETF, its objective is not to replicate the performance of a specific market index.
- What is the expense ratio of BAMY?
- Brookstone Yield ETF (BAMY) charges an expense ratio of 1.38%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BAMY's distribution yield?
- BAMY's trailing-twelve-month yield is 6.84%, calculated from the sum of distributions over the past year divided by the current price.
- How does BAMY's covered-call strategy work?
- BAMY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- What is the duration of BAMY?
- Effective duration measures BAMY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BAMY's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BAMY?
- BAMY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
