IGLD vs KSLV

IGLDAFT Vest Gold Strategy Target Income ETF

KSLVCKurv Silver Enhanced Income ETF

In short

IGLD Gold that pays you monthly. IGLD holds Treasuries plus options tied to the SPDR Gold Trust, chasing bullion's price moves while selling calls to fund a monthly distribution. Running since 2021.

KSLV Nearly every fund in the precious-metals income aisle is built on gold. KSLV takes the silver side, pairing options income with silver-price exposure and paying monthly. Fee: 0.99%, no waiver, right around the category norm.

Stated mandate

IGLD The fund seeks participation in the price returns of SPDR Gold Trust while providing consistent income. It invests mainly in U.S. Treasury securities and a subsidiary holding exchange-traded options referencing that gold ETF.

KSLV The Fund seeks to maximize total return by actively managing a portfolio with efficient exposure to silver while generating potentially tax-efficient income.

Why people hold it

• IGLD An early mover in gold options-income. Launched in 2021, it has run its call-selling engine through real gold cycles, not a backtest.ftportfolios.com
• 0.85% a year undercuts the typical fee in the gold options-income crowd.
• Plain plumbing: Treasuries as collateral, a subsidiary holding the gold options, all inside a standard 1940 Act fund. No K-1 partnership paperwork.ftportfolios.com
• Distributions land monthly, and the fund sits among the stronger builds in its peer group for doing what its documents say.

• KSLV The metals income shelf is almost all gold (IAUI, IGLD, KGLD). KSLV runs the same call-writing playbook on silver.
• Actively managed overlay: the adviser can write calls on part of the position, or uncovered when it sees volatility mispriced, instead of a fixed slice each month.sec.gov
• Pays monthly, with silver exposure built from options on silver ETPs inside a registered 1940 Act fund.sec.gov

Worth knowing

• IGLD No bars in a vault here. Exposure comes from options referencing a gold ETF, and the calls sold to fund income trim how much of a gold rally you keep.ftportfolios.com
• Part of a payout can be return of capital, which is your own money coming back and lowers your cost basis.ftportfolios.com
• Not the cheapest seat in the room: YGLD charges 0.53% for its own gold-plus-income spin.

• KSLV Distributions can include return of capital, so part of a payment may be your own money coming back.
• Written calls limit participation in a silver rally, and the adviser may write uncovered calls, which carries risk beyond a plain covered-call sleeve.sec.gov
• Costs 0.99% with no fee waiver: near the category norm, above gold-overlay peers like YGLD (0.62%) and SLJY (0.76%). It launched in 2025, so the record is short.

Full IGLD profile⁠

Full KSLV profile⁠