- What does ISBG invest in?
- ISBG seeks total return by offering simultaneous leveraged exposure to bitcoin and gold, targeting a beta of approximately 1.0 for each. It combines the returns from both beta strategies while seeking to generate income through an options premium strategy overlay. To reach its target beta levels, the fund invests in bitcoin futures, ETFs, ETPs, and options on bitcoin indices, alongside gold futures, ETFs, ETPs, and derivatives. It uses leverage to stack the total return of its bitcoin holdings with the returns of its gold strategy. Essentially, every $1 investment is $1 exposure to bitcoin and $1 to gold. Futures contracts are rolled over regularly to maintain exposure. Collateral investments, including US Treasury bills, money market funds, and cash equivalents, typically comprise 10% to 65% of net assets. The funds realized beta generally ranges between 0.8 and 1.2 for each asset class due to fluctuations. It may also invest up to 25% in a wholly owned Cayman Islands subsidiary.
- What is the expense ratio of ISBG?
- IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) charges an expense ratio of 1.14%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ISBG's dividend yield?
- ISBG's trailing-twelve-month yield is 10.62%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ISBG?
- Effective duration measures ISBG's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ISBG's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ISBG?
- ISBG'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.
- What is the yield to maturity of ISBG?
- Yield to maturity (YTM) is the total return you'd earn from ISBG if every bond in the portfolio is held to maturity at the current price. ISBG's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
