Key stats
About Global X Funds Global X S&P 500 Covered Call ETF
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Inception date
Jun 24, 2013
Structure
Open-Ended Fund
Replication method
Physical
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.
XYLD offers a new twist on an old strategy, writing calls against the S&P 500 stocks in its plain-vanilla basket in order to earn the premium. Holding the various positions and writing index call options inside an ETF wrapper is a more efficient way to access the strategy. The fund holds the underlying stock positions and writes one-month, at-the-money call options on the Index. The strategy should help to generate some income, but it also places a drag on the upside potential. As such, the returns will differ greatly from our benchmark. Prior to Dec. 15, 2017, XYLD tracked the S&P 500 Stock Covered Call Index. From Dec. 15, 2017 thru Aug. 20, 2020, the fund tracked the CBOE S&P 500 2% OTM BuyWrite Index.
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
Electronic Technology
Technology Services
Finance
Stocks100.26%
Electronic Technology20.05%
Technology Services19.35%
Finance14.64%
Health Technology8.75%
Retail Trade8.13%
Consumer Non-Durables4.45%
Producer Manufacturing3.08%
Consumer Services3.03%
Energy Minerals2.74%
Utilities2.71%
Commercial Services2.22%
Consumer Durables2.18%
Health Services1.97%
Process Industries1.63%
Transportation1.50%
Communications1.15%
Industrial Services1.03%
Distribution Services0.74%
Non-Energy Minerals0.45%
Miscellaneous0.05%
Bonds, Cash & Other−0.26%
Cash0.16%
Rights & Warrants−0.42%
Stock breakdown by region
North America97.35%
Europe2.65%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history