Not All Covered Call Strategies Are Created Equal

Generate growth and income with the TD Enhanced Dividend ETFs: TD Active Global Enhanced Dividend ETF (TGED), TD Active U.S. Enhanced Dividend ETF (TUED) and TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX). Managed by TD Asset Management Inc. (TDAM), one of the largest and most experienced investment managers in Canada.

For more information on TD ETFs and ETFs in general visit our TD ETF Resource Centre.

TDAM Talks ETFs: Income or Growth. Choose both with TGED & TUED (videocast)
View our videocast for a deep dive on what differentiates the TD Enhanced Dividend ETFs from other ETFs in the marketplace.

Income or Growth? Choose both with TGED, TUED & TUEX

收入

Income is generated through dividends paid from underlying holdings and from option strategies like selling calls and puts.
增长

Unlike some systematic covered call strategies, that pay high distributions yields at the expense of growth, the TD Enhanced Dividend ETFs are thoughtfully designed to focus on total return by actively investing in quality companies and then tactfully employing options to generate income, while maintaining exposure to the growth potential of stocks.

What is an Enhanced Dividend?

The TD Enhanced Dividend ETFs were designed to resolve the specific challenge of balancing growth and income in the search for yield. The strategy behind addressing this challenge is to generate highly attractive income through a differentiated option overlay strategy. Unlike many competitor products, these ETFs use an active approach in selecting stocks and writing options. Below we illustrate how an enhanced yield or dividend is obtained.

派息率
Call Option Yield
Put Option Yield
Enhanced Yield

Currency Hedging

Many Canadian investors will get exposure to international investments through a Canadian based exchange-traded fund (ETF) or mutual fund. The fund will typically be priced in CAD while the fund's underlying investments will be priced in other currencies, like the U.S. dollar. This creates potential foreign currency exposure risk-the value of an investment held by a fund will be affected by changes in the value of the currency in which the investment is denominated, relative to the base currency of the fund. TD Active U.S. Enhanced Dividend CAD Hedged ETF (TUEX) invests directly in units of TUED and attempts to minimize the effects of currency swings on the investment portfolio through a currency overlay strategy using derivatives.

重要资料


	TGED TGED.U	TUED TUED.U	TUEX
姓名	TD Active全球增强股息ETF	TD Active美国增强型股息分派ETF	TD Active美国增强型股息分派加元对冲ETF
基准	MSCI全球指数（加元，净股息）	S&P 500指数（净股息，总收益）	标准普尔500加元对冲指数（净股息、总回报）
Management Fee (%)	0.65	0.65	0.65
Risk Rating	适中	适中	适中
分红次数	每月一次	每月一次	每月一次
Expected Distribution Yield (%) (As of Dec 31, 2023)	4.0 (TGED) 4.2 (TGED.U)	2.8 (TUED) 3.0 (TUED.U)	3.1

其他资源

Fund Cards

Monthly Commentary

Timely Premiums

Product Overview

Learn more about TUEX

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TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank

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