HGY – Global X Gold Yield ETF Comm – ETF Investment Strategy | Morningstar

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Strategy

The investment objectives of HGY are to provide Unitholders with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less HGY’s fees and expenses; (ii) tax-efficient monthly distributions; and (iii) in order to mitigate downside risk and generate income, exposure to a covered call option writing strategy. HGY seeks to achieve its investment objectives by investing, either directly or indirectly, in a portfolio of securities and other instruments that provide exposure to the price of gold bullion (the “Gold Portfolio”).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HGY	Global X Gold Yield ETF Common	ETF	Open	—	—	Dec 17, 2010	CA$183.32M	—	Above Average	—	CA$37.28M

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