This ETF offers multi-asset class exposure to high yielding securities, delivering a diversified, balanced portfolio that is capable of paying a meaningful distribution yield. As such, GYLD can be used in a number of ways within a portfolio. Those focusing on the long-term may see an allocation to GYLD as a tool for enhancing current returns while also achieving exposure to asset classes that are often overlooked or underweighted in long-term portfolios, such as REITs, MLPs, and junk bonds. Others may see GYLD as a tactical tool for scaling back on risk exposure in anticipation of declines in risky assets. GYLD is unique in that it includes exposure to stocks, bonds, and alternatives within a single ticker, resulting in a well-diversified basket of holdings. One item worth noting is the expense ratio; a close competitor IYLD charges less for comparable exposure, although investors should be aware that this offering is structured as an ETF-of-ETFs.