Key stats
About Global X Funds Global X S&P 500 Quality Dividend Covered Call ETF
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Inception date
May 7, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
QDCC aims to provide growth potential and yield by combining long positions in the Global X S&P 500 Quality Dividend ETF (QDIV) with short-covered call options, in equal notional amounts. QDIV is an equally weighted ETF that fundamentally selects the top 200 S&P stocks exhibiting high quality and dividend yield characteristics. The fund maintains a theoretical portfolio of stocks from the reference index, while also writing a succession of one-month, at-the-money FLEX call options on each share. These call options represent 100% of the portfolio value and are held until expiration, either expiring or settling in cash. Additionally, these contracts are collateralized by the equity portfolio. While this strategy potentially generates income through the options premium, it does place a drag on the appreciation potential. The index undergoes reconstitution and rebalancing semiannually, occurring on the third Friday of June and December.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF107.66%
Cash0.11%
Miscellaneous−7.77%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history