ISIN:
XS2852999775
COPY
IncomeShares
Gold+ Yield ETP
IncomeShares Gold+ Yield ETP
Distribution Frequency
Monthly
Distribution Yield*
9.70%
Strategy
Covered Call
Distribution Frequency Monthly
Distribution Yield*9.70%
StrategyCovered Call
Summary
The IncomeShares Gold+ Yield ETP seeks to provide exposure to gold while generating monthly income by selling ‘out-of-the-money’ call options on the SPDR® Gold Shares and paying a return on the premia collected. The ETP aims to retain at least 3% upside exposure to the spot price of gold while harvesting compelling monthly yields.
Why Gold+ Yield ETP ?
Maximum Income
Enhanced monthly income from premiums received through options selling and a return on cash.
Upside Exposure
Participation in the upside potential of GLD up to the options’ strike price.
Partial Downside Protection
Income generated from selling options may help cushion against market downturns.
Performance
Data as of 01 Dec 2023
Past performance is not a reliable indicator of future performance. The investment return and principal value of an investment will fluctuate so that an investor’s securities, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Changes in exchange rates may cause your investment to go up or down in value. The information shown does not take into account any fees or commissions.
Value of Underlying Assets
$ 100,000
at launch
AUM
$ 100,000
10,000 shares at launch at 10$ each
Net Asset Value
NAV (as of 04 Sep 2024)
$10.19
Daily Change (Of NAV)
0.01
Daily Return (Based On % NAV Change)
0.07%
Key Information
Inception Date
22 July 2024
Annual Management Fee
0.35%
Distribution Yield*
9.70%
Strategy
Covered Call
Structure
Structure
ETP
Domicile
Ireland
Replication Method
Physical
Use of Income
Distributing
Physical Assets
Yes (Underlying securities)
Underlying Asset
GLD + short calls on SPDR Gold Trust ETF
Distributions
Data as of 29 July 2024
Distribution Frequency
Monthly
Distribution Calendar
Monthly Distribution
| Declaration Date | Ex-Date | Record Date | Payment Date | Distribution Per Share | Distribution %* |
|---|---|---|---|---|---|
| 31 Jul 2024 | 01 Aug 2024 | 02 Aug 2024 | 12 Aug 24 | $0.04 | 9.70% |
*The Distribution Rate is the annualised yield based on the most recent distribution, which includes option income and a cash return, covering the period from inception to the first ex-date (a period shorter than a full month). It is calculated by dividing the Interest Amount by the number of days since inception, then multiplying by 365 to annualise the figure. This annualised rate is expressed as a percentage of the ETP’s most recent NAV and represents the yield from a single distribution. It does not reflect the ETP’s total return. The Distribution Rate represents a single distribution from the ETP and does not represent its total return. Distributions are not guaranteed.
Tax & Legal
UCITS Eligible
Yes
UK Fund Reporting Status
Pending
SIPP
Yes
ISA
Yes
Listings & Tickers
| Country | Exchange | Base Currency | Trading Currency | Exchange Code | ISIN | SEDOL | BBG Ticker | RIC | WKN | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| UK | London Stock Exchange | USD | USD | GLDI | XS2852999775 | BPLQDK2 | GLDI LN | GLDI.L | A4AH1M | 22 Jul 2024 |
| UK | London Stock Exchange | USD | GBP | GLDE | XS2852999775 | BPLQDL3 | GLDE LN | GLDE.L | A4AH1M | 22 Jul 2024 |
Holdings
| Name | Ticker | SEDOL | Market Price | Currency | Shares Held | Market Value |
|---|---|---|---|---|---|---|
| SPDR GOLD SHARES | GLD | B046RT1 | 230.43 | USD | 442 | 101850.06 |
| GLD Sep06'24 240 Call | GLD 2409063C00240000 | N/A | 0.015 | USD | -4 | -6 |
| Cash | Cash_USD_56 | Cash | 1 | USD | 80.1 | 80.1 |
Key Services Providers
Issuer
Leverage Shares PLC
Arranger
Leverage Shares Management Company Limited
Trustee
Apex Corporate Trustees (UK) Limited
Issuing and Paying Agent
Elavon Financial Services DAC
Registrar
Elavon Financial Services DAC
Custodian
Interactive Brokers LLC and/or Morgan Stanley & Co LLC
Portfolio Administrators
GWM Limited
Determination Agent
Calculation Agent Services LLC
Broker Dealer of Record
GWM Limited
Initial Authorised Participant
Virtu Financial Ireland Limited
