Defiance Gold Enhanced Options Income ETF

Frequently Asked Questions About GOLI

What does GOLI invest in?

GLDY aims to generate monthly income through risk exposure to shares of GLD, a fund that tracks the gold spot price using physically held gold bars in London vaults. At least once a week, GLDY sells put options priced at-the-money or 0%-5% in-the-money, which places a cap on potential gains. The strategy may profit when GLDs share price increases, stays flat, or decreases slightly. However, the fund is subject to all potential losses if GLDs share price declines significantly, which may not be offset by the income received. The fund seeks to outperform relative to traditional option-based strategies with a typical duration of less than one week. GLDY does not invest directly in gold bullion or the underlying ETP. Due to the nature of its options strategy, the fund may occasionally hold GLD shares intending to be sold within the day to avoid tax implications. The fund will hold short-term US Treasurys as collateral. There is no guarantee the strategy will result in higher income.

What is the expense ratio of GOLI?

Defiance Gold Enhanced Options Income ETF (GOLI) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.

What is GOLI's dividend yield?

GOLI's trailing-twelve-month yield is 44.43%, calculated from the sum of dividends over the past year divided by the current price.

How big is GOLI?

Defiance Gold Enhanced Options Income ETF (GOLI) manages $22.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is GOLI actively managed or an index fund?

GOLI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was GOLI launched?

Defiance Gold Enhanced Options Income ETF (GOLI) launched in April 2025 and is managed by Defiance.