FYLG

Financials Covered Call & Growth ETF

Reasons to Consider FYLG

High Income Potential

FYLG seeks to generate income by writing covered calls on the Financial Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Financial Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Financial Select Sector Index.

Monthly Distributions

FYLG seeks to make distributions on a monthly basis.

Key Information As of 04/18/24

Inception Date	11/21/22
Gross Expense Ratio	0.65%
Net Expense Ratio*	0.60%
Net Assets	$2.54 million
NAV	$25.42
Fact Sheet	View the document

*Fee waivers are contractual and in effect until at least March 1, 2025.

ETF Summary

The Global X Financials Covered Call & Growth ETF (FYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Financial Select Sector Index and the Financial Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Financial Select Sector SPDR Fund representing approximately 50% of the value of FYLG’s portfolio.

ETF Objective

The Global X Financials Covered Call & Growth ETF (FYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index.

Trading Details As of 04/18/24

Ticker	FYLG
Bloomberg Index Ticker	BXLFH
CUSIP	37960A768
ISIN	US37960A7688
Primary Exchange	NYSE Arca
Shares Outstanding	100,000
Number of Holdings	73
30-Day Median Bid-Ask Spread	0.75%

Distributions As of 04/18/24

30-Day SEC Yield	1.03%
Unsubsidized 30-Day SEC Yield	0.98%
12-Month Trailing Yield	4.96%
Distribution Yield	4.76%
Distribution Frequency	Monthly

ETF Prices As of 04/18/24

NAV	$25.42	Daily Change	$0.09	0.36%
Market Price	$25.44	Daily Change	$0.07	0.28%

As of recent month & quarter-end (03/31/24) As of recent month & quarter-end (03/31/24)	Fund NAV	Market Price	Index
1 Year	22.79%	22.89%	23.86%
Since Inception	10.26%	10.32%	11.59%
1 Year	22.79%	22.89%	23.86%
Since Inception	10.26%	10.32%	11.59%
Year-to-Date	8.64%	8.72%	8.85%
1 Month	3.60%	3.55%	3.75%
3 Months	8.64%	8.72%	8.85%
Since Inception	14.19%	14.27%	16.06%
Year-to-Date	8.64%	8.72%	8.85%
1 Month	3.60%	3.55%	3.75%
3 Months	8.64%	8.72%	8.85%
Since Inception	14.19%	14.27%	16.06%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Financial Select Sector SPDR Fund (XLF) Price*

39.83

*Market Price as of 04/18/24

Upside Cap Details

Option Positions	Notional Exposure	Strike	Upside Before Cap	Expiration Date	Calendar Days to Expiry
Short Financial Select Sector SPDR Call Option	-$1,274,560	40	0.43%	05/17/2024	29

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
53.86	XLF	SPDR-FINL SELECT	2364038	39.83	34,375	1,369,156.25
6.18	BRK/B	BERKSHIRE HATH-B	2073390	399.89	393	157,156.77
4.45	JPM	JPMORGAN CHASE & CO	2190385	181.25	624	113,100.00
3.64	V	VISA INC-CLASS A SHARES	B2PZN04	271.37	341	92,537.17
3.17	MA	MASTERCARD INC - A	B121557	454.70	177	80,481.90
2.09	BAC	BANK OF AMERICA CORP	2295677	35.77	1,488	53,225.76
1.78	WFC	WELLS FARGO & CO	2649100	58.74	772	45,347.28
1.14	SPGI	S&P GLOBAL INC	BYV2325	413.37	70	28,935.90
1.11	GS	GOLDMAN SACHS GROUP INC	2407966	403.11	70	28,217.70
1.05	AXP	AMERICAN EXPRESS CO	2026082	217.50	123	26,752.50
1.04	PGR	PROGRESSIVE CORP	2705024	209.75	126	26,428.50
0.96	MS	MORGAN STANLEY	2262314	90.26	269	24,279.94
0.95	C	CITIGROUP INC	2297907	58.32	412	24,027.84
0.93		CASH		1.00	23,514	23,514.03
0.92	SCHW	SCHWAB (CHARLES) CORP	2779397	72.93	321	23,410.53
0.88	BLK	BLACKROCK INC	2494504	747.30	30	22,419.00
0.85	CB	CHUBB LTD	B3BQMF6	245.39	88	21,594.32
0.84	MMC	MARSH & MCLENNAN COS	2567741	201.73	106	21,383.38
0.75	FI	FISERV INC	2342034	146.91	129	18,951.39
0.72	BX	BLACKSTONE INC	BKF2SL7	120.32	153	18,408.96
0.64	CME	CME GROUP INC	2965839	209.65	77	16,143.05
0.63	ICE	INTERCONTINENTAL	BFSSDS9	130.98	123	16,110.54
0.57	PYPL	PAYPAL HOLDINGS INC	BYW36M8	62.10	233	14,469.30
0.52	AON	AON PLC-CLASS A	BLP1HW5	308.70	43	13,274.10
0.52	USB	US BANCORP	2736035	39.44	334	13,172.96
0.50	MCO	MOODY'S CORP	2252058	374.60	34	12,736.40
0.50	PNC	PNC FINANCIAL SE	2692665	147.89	86	12,718.54
0.45	COF	CAPITAL ONE FINA	2654461	141.63	81	11,472.03
0.44	AIG	AMERICAN INTERNA	2027342	72.99	152	11,094.48
0.42	AJG	ARTHUR J GALLAGHER & CO	2359506	233.99	46	10,763.54
0.41	TRV	TRAVELERS COS INC/THE	2769503	210.42	49	10,310.58
0.41	TFC	TRUIST FINANCIAL CORP	BKP7287	35.71	288	10,284.48
0.37	ALL	ALLSTATE CORP	2019952	169.11	56	9,470.16
0.37	MET	METLIFE INC	2573209	69.95	135	9,443.25
0.37	AFL	AFLAC INC	2026361	80.98	115	9,312.70
0.36	BK	BANK NY MELLON	B1Z77F6	55.25	167	9,226.75
0.36	AMP	AMERIPRISE FINANCIAL INC	B0J7D57	412.63	22	9,077.86
0.36	FIS	FIDELITY NATIONA	2769796	70.00	129	9,030.00
0.34	MSCI	MSCI INC	B2972D2	505.76	17	8,597.92
0.33	PRU	PRUDENTIAL FINANCIAL INC	2819118	108.70	77	8,369.90
0.29	ACGL	ARCH CAPITAL GROUP LTD	2740542	91.39	80	7,311.20
0.27	GPN	GLOBAL PAYMENTS INC	2712013	122.18	56	6,842.08
0.26	DFS	DISCOVER FINANCI	B1YLC43	124.27	53	6,586.31
0.24	HIG	HARTFORD FINL SV	2476193	96.95	64	6,204.80
0.23	WTW	WILLIS TOWERS WATSON PLC	BDB6Q21	262.99	22	5,785.78
0.21	FITB	FIFTH THIRD BANCORP	2336747	34.22	155	5,304.10
0.20	MTB	M & T BANK CORP	2340168	139.30	37	5,154.10
0.20	RJF	RAYMOND JAMES	2718992	121.96	42	5,122.32
0.20	TROW	T ROWE PRICE GROUP INC	2702337	108.72	47	5,109.84
0.19	STT	STATE STREET CORP	2842040	73.04	65	4,747.60
0.19	CPAY	CORPAY INC	BMX5GK7	295.64	16	4,730.24
0.17	NDAQ	NASDAQ INC	2965107	60.07	72	4,325.04
0.17	BRO	BROWN & BROWN INC	2692687	81.13	53	4,299.89
0.17	HBAN	HUNTINGTON BANCSHARES INC	2445966	13.18	325	4,283.50
0.17	CBOE	CBOE GLOBAL MARKETS INC	B5834C5	177.51	24	4,260.24
0.17	CINF	CINCINNATI FINANCIAL CORP	2196888	117.52	36	4,230.72
0.16	RF	REGIONS FINANCIAL CORP	B01R311	19.00	211	4,009.00
0.15	WRB	WR BERKLEY CORP	2093644	80.98	46	3,725.08
0.14	PFG	PRINCIPAL FINANCIAL GROUP	2803014	78.96	46	3,632.16
0.14	SYF	SYNCHRONY FINANCIAL	BP96PS6	40.80	86	3,508.80
0.14	NTRS	NORTHERN TRUST CORP	2648668	81.41	43	3,500.63
0.14	FDS	FACTSET RESEARCH	2329770	429.46	8	3,435.68
0.13	CFG	CITIZENS FINANCIAL GROUP	BQRX1X3	32.90	103	3,388.70
0.13	EG	EVEREST GROUP LTD	2556868	360.21	9	3,241.89
0.12	KEY	KEYCORP	2490911	14.38	207	2,976.66
0.11	L	LOEWS CORP	2523022	73.84	38	2,805.92
0.10	JKHY	JACK HENRY	2469193	164.77	16	2,636.32
0.08	AIZ	ASSURANT INC	2331430	170.89	12	2,050.68
0.07	MKTX	MARKETAXESS HOLDINGS INC	B03Q9D0	203.15	9	1,828.35
0.06	BEN	FRANKLIN RESOURCES INC	2350684	25.02	64	1,601.28
0.06	IVZ	INVESCO LTD	B28XP76	15.27	102	1,557.54
0.06	CMA	COMERICA INC	2212870	50.66	29	1,469.14
0.05	GL	GLOBE LIFE INC	BK6YKG1	65.00	18	1,170.00
-0.36		OTHER PAYABLE & RECEIVABLES		1.00	-9,126	-9,125.70
-0.95		2XLF US 05/17/2024 C40		75.50	-320	-24,159.93

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Introducing the Global X Sector Covered Call & Growth ETFs (TYLG, FYLG, HYLG)

Read the Full ArticleRead More

ETF Documents

Latest Premium / Discount As of 04/18/24

NAV	$25.42
Market Price	$25.44
Premium / (Discount)	$0.02

Current View 2024 Q2 As of 04/18/24

Days at Premium	12
Days at NAV	0
Days at Discount	2
Greatest Premium	0.24%
Greatest Discount	-0.02%

Daily Premium / Discount History As of 04/18/24

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject FYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in FYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

FYLG engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price. FYLG is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Cboe, nor does Cboe make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Cboe.