RE: RE: RE: RE: RE: Distribution July 19%The more I think about it, this fund would likely not provide any upside to a rise in gold equities prices since:
"To mitigate downside risk and generate income, HEP will generally write covered call options on 100% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors."
https://www.horizonsetfs.com/pub/en/etfs/?etf=HEP&r=o
In a strong gold equity market the fund would be forced to sell likely the majority of its gold producer holdings at a discount and then have to buy them back at a premium again and again as the funds call options are exersiced. Wouldn't mind hearing other posters opinions in regards to this risk?