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Trending ETFs

Global X S&P 500 Covered Call ETF

ETF
XYLD
Payout Change
Pending
Price as of:
$40.65 +0.01 +0.02%
primary theme
N/A
XYLD (ETF)

Global X S&P 500 Covered Call ETF

Payout Change
Pending
Price as of:
$40.65 +0.01 +0.02%
primary theme
N/A
XYLD (ETF)

Global X S&P 500 Covered Call ETF

Payout Change
Pending
Price as of:
$40.65 +0.01 +0.02%
primary theme
N/A

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$40.65

$2.85 B

8.91%

$3.62

0.60%

Vitals

YTD Return

5.5%

1 yr return

11.7%

3 Yr Avg Return

5.2%

5 Yr Avg Return

5.1%

Net Assets

$2.85 B

Holdings in Top 10

31.5%

52 WEEK LOW AND HIGH

$40.6
$37.59
$41.45

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$40.65

$2.85 B

8.91%

$3.62

0.60%

XYLD - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.80%
DIVIDENDS
  • Dividend Yield 8.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Global X S&P 500 Covered Call ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Jun 21, 2013
  • Shares Outstanding
    36161748
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nam To

Fund Description

The Fund invests at least 80% of its total assets in the securities of the CBOE S&P 500 BuyWrite Index (the "Underlying Index"). The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Underlying Index is comprised of two parts: (1) all the equity securities in the S&P 500® Index (the "Reference Index") in substantially similar weight as the Reference Index; and (2) short (written) call options on up to 100% of the S&P 500® Index.
The Reference Index is a float-adjusted market capitalization weighted index containing equity securities of 500 industrial, information technology, utility and financial companies amongst other GICS® sectors, regarded as generally representative of the U.S. stock market. A float-adjusted market capitalization weighted index weights each index component according to its market capitalization, using the number of shares that are readily available for purchase on the open market.
The Underlying Index measures the performance of a hypothetical portfolio that employs a covered call strategy. A covered call strategy is generally considered to be an investment strategy in which an investor buys a security, and sells (or "writes") a call option on that security in an attempt to generate more income. Each time the Fund writes a covered call option, the Fund receives a payment of money from the investor who buys the option from the Fund, which is called the premium. If the value of
the Fund's call option that it has written declines because of a decline in the value of the S&P 500 Index, the premium that the Fund received for writing the covered call option offsets this loss to some extent.
The premium paid by the buyer of the option provides income in addition to the security's dividends or other distributions. The Underlying Index consists of long positions in companies in the Reference Index and a single at-the-money call option written on the S&P 500 Index. An "at-the-money" call option is a call option with a strike price that is near to the market price of the underlying asset (in this case, the market price of a share of the S&P 500 Index). These options are written (sold) systematically on the monthly option writing date of the Underlying Index.
Generally, in return for the option premium, the Fund gives the purchaser of the call option either (1) the right to buy the security from the Fund at a specified exercise (or "strike") price, or (2) the right to receive a cash payment equal to any positive difference between the value of the security and the exercise price on or before the expiration date of the option. The Fund writes options that are the second variety such that the options give the option purchasers the rights to receive cash payments equal to any positive differences between the values of the securities and the exercise prices on the expiration dates of the options. The Fund writes a single "at-the-money" call option, which is when the strike price is near to the market price of the underlying asset, as determined on the monthly option writing date of the Underlying Index in accordance with the Underlying Index methodology. The Fund's covered call options may partially protect the Fund from a decline in the price of the Reference Index through means of the premiums received by the Fund. However, when the equity market is rallying rapidly, the Underlying Index is expected to underperform the Reference Index.
There can be no assurance, however, that the Underlying Index will perform as expected. The options in the Underlying Index will be traded on national options exchanges. Long positions in the equity securities of the Underlying Index are, in accordance with the Underlying Index's methodology, indexed to the Reference Index, which includes rebalancing quarterly for share updates and on an as-needed basis to account for corporate actions and market developments. Options positions in the Underlying Index are written on up to 100% of the S&P 500 Index and are rebalanced monthly, as well as on an as-needed basis to account for corporate actions and market developments. As of December 31, 2023, the S&P 500 Index included common stocks of companies with a market capitalization range of between approximately $6.6 billion and $3.0 trillion.
The Underlying Index is sponsored by S&P Dow Jones Indices LLC (the "Index Provider"), which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider maintains and publishes or designates a third-party index calculation agent to publish information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to "outperform" the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index had significant exposure to the information technology sector.
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XYLD - Performance

Return Ranking - Trailing

Period XYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -2.8% 240.8% 77.08%
1 Yr 11.7% -4.3% 140.6% 39.57%
3 Yr 5.2%* -8.3% 18.3% 59.62%
5 Yr 5.1%* -5.0% 17.3% 36.44%
10 Yr 5.8%* -4.6% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period XYLD Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -34.1% 904.0% 92.34%
2022 -22.1% -28.6% 438.4% 26.59%
2021 8.9% -93.5% 8.2% 62.07%
2020 -8.4% -38.9% 19.8% 28.68%
2019 14.3% -10.9% 12.8% 33.98%

Total Return Ranking - Trailing

Period XYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -2.7% 244.0% 75.49%
1 Yr 11.7% -4.3% 140.6% 36.52%
3 Yr 5.2%* -8.3% 18.3% 54.49%
5 Yr 5.1%* -5.4% 17.3% 33.90%
10 Yr 5.8%* -4.6% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period XYLD Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -34.1% 904.0% 92.34%
2022 -12.1% -5.9% 438.4% 27.17%
2021 19.6% -81.2% 8.2% 73.10%
2020 -6.7% -29.0% 19.8% 37.21%
2019 21.1% -10.9% 12.8% 54.37%

XYLD - Holdings

Concentration Analysis

XYLD Category Low Category High XYLD % Rank
Net Assets 2.85 B 25 17.4 B 31.09%
Number of Holdings 504 2 508 1.53%
Net Assets in Top 10 882 M -6.66 M 5.12 B 59.92%
Weighting of Top 10 31.45% 11.3% 100.0% 79.33%

Top 10 Holdings

  1. MICROSOFT CORP COMMON STOCK 7.22%
  2. APPLE INC COMMON STOCK 7.21%
  3. AMAZON.COM INC COMMON STOCK 3.47%
  4. NVIDIA CORP COMMON STOCK 2.89%
  5. ALPHABET INC-CL A COMMON STOCK 2.11%
  6. META PLATFORMS INC COMMON STOCK 1.92%
  7. ALPHABET INC-CL C COMMON STOCK 1.82%
  8. BERKSHIRE HATHAWAY INC-CL B COMMON STOCK 1.79%
  9. TESLA INC COMMON STOCK 1.59%
  10. UNITEDHEALTH GROUP INC COMMON STOCK 1.43%

Asset Allocation

Weighting Return Low Return High XYLD % Rank
Stocks
100.82% -3.92% 100.76% 16.41%
Cash
0.15% -0.76% 100.29% 83.97%
Preferred Stocks
0.00% 0.00% 3.08% 42.37%
Convertible Bonds
0.00% 0.00% 20.91% 44.66%
Bonds
0.00% 0.00% 97.96% 48.09%
Other
-0.97% 0.00% 45.92% 53.44%

Stock Sector Breakdown

Weighting Return Low Return High XYLD % Rank
Technology
24.52% 0.00% 44.43% 53.36%
Healthcare
14.58% 0.00% 25.91% 44.54%
Financial Services
13.39% 0.00% 29.60% 67.65%
Consumer Cyclical
10.85% 0.00% 19.02% 36.13%
Communication Services
8.88% 0.00% 21.22% 38.66%
Industrials
8.08% 1.41% 43.91% 34.45%
Consumer Defense
6.83% 0.00% 22.87% 68.49%
Energy
4.80% 0.00% 69.54% 67.65%
Utilities
2.91% 0.00% 13.35% 48.32%
Real Estate
2.70% 0.00% 9.74% 26.47%
Basic Materials
2.45% 0.00% 60.58% 59.24%

Stock Geographic Breakdown

Weighting Return Low Return High XYLD % Rank
US
100.82% -3.89% 100.00% 16.03%
Non US
0.00% -2.17% 99.33% 37.02%

XYLD - Expenses

Operational Fees

XYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.20% 6.78% 92.59%
Management Fee 0.60% 0.20% 1.75% 13.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

XYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 456.80% 32.59%

XYLD - Distributions

Dividend Yield Analysis

XYLD Category Low Category High XYLD % Rank
Dividend Yield 8.91% 0.00% 3.76% 2.60%

Dividend Distribution Analysis

XYLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

XYLD Category Low Category High XYLD % Rank
Net Income Ratio 0.80% -2.54% 14.24% 22.54%

Capital Gain Distribution Analysis

XYLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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XYLD - Fund Manager Analysis

Managers

Nam To


Start Date

Tenure

Tenure Rank

Oct 01, 2018

3.67

3.7%

Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.

Wayne Xie


Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.

Kimberly Chan


Start Date

Tenure

Tenure Rank

Jun 10, 2019

2.98

3.0%

Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.

Vanessa Yang


Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.

Sandy Lu


Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.

William Helm


Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67