GOLI

Defiance Gold Enhanced Options Income ETF is an actively managed fund that systematically sells at-the-money or up to 5% in-the-money put options on SPDR Gold Shares to generate current premium income while maintaining capped, indirect upside exposure to the spot price of gold. The fund utilizes short-term options contracts rolled at least once per week to capture both extrinsic premium and potential intrinsic value appreciation from the underlying commodity vehicle.