ETF Evaluator: Strategy Shares Gold-Hedged Bond ETF () Follow This ETF

Strategy Shares Gold-Hedged Bond ETF Overview

Strategy Shares Gold-Hedged Bond ETF (GOLY) is an actively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). Strategy Shares launched the ETF in 2021.

The investment seeks income and long-term capital appreciation. The fund seeks to achieve its investment objective through its exposure to corporate bonds, U.S. treasury securities and corporate bond exchange traded funds (“ETFs”) (the “Bond Component”),gold futures contracts (the “Gold Component”) and commodity futures contracts and put options on commodity futures contracts that provide long and short economic exposure to energy and precious metals (including gold) commodities (the “Commodity Basket Component”). It is non-diversified.

About Strategy Shares Gold-Hedged Bond ETF (GOLY)

There are 2 members of the management team with an average tenure of 5.21 years: David Miller (2021) and Charles Ashley (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Corp Bond TR USD index with a weighting of 100%. Strategy Shares Gold-Hedged Bond ETF has 7 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Strategy Shares Gold-Hedged Bond ETF is part of the Real Assets global asset class and is within the Commodities ETF group. Strategy Shares Gold-Hedged Bond ETF has 18.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.6% (80.7% domestic bond, 18.9% foreign bond and 0.1% convertible bond). Strategy Shares Gold-Hedged Bond ETF has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $85 million in total assets, which is below the $831 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GOLY Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Strategy Shares Gold-Hedged Bond ETF expense ratio is high compared to funds in the Commodities Broad Basket category. Strategy Shares Gold-Hedged Bond ETF has an expense ratio of 0.90%, which is 36% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Strategy Shares Gold-Hedged Bond ETF has a portfolio turnover rate of 100%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.

Recently, in the month of July 2026, Strategy Shares Gold-Hedged Bond ETF returned -1.6%, which earned it a grade of F, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Strategy Shares Gold-Hedged Bond ETF has a trailing yield of 9.47%, which is above the 5.12% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Strategy Shares Gold-Hedged Bond ETF Grades

Year to date, the ETF has returned -26.7%, 48.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -6.7% over the past year (grade of F), 13.5% over the past three years (grade of B) and 4.2% per year over the past five years (grade of F).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Strategy Shares Gold-Hedged Bond ETF, including its riskiness, submit your email to unlock the rest of the article.