HYLG


Health Care Covered Call & Growth ETF

Reasons to Consider HYLG

High Income Potential

HYLG seeks to generate income by writing covered calls on the Health Care Select Sector SPDR Fund.

Upside Potential

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

Monthly Distributions

HYLG seeks to make distributions on a monthly basis.

Key Information As of 07/16/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $2.84 million
NAV $25.85
Fact Sheet View the document

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


ETF Summary

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

ETF Objective

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

Trading Details As of 07/16/24

Ticker HYLG
Bloomberg Index Ticker BXLVH
CUSIP 37960A750
ISIN US37960A7506
Primary Exchange NYSE Arca
Shares Outstanding 110,000
Number of Holdings 65
30-Day Median Bid-Ask Spread 0.72%

Distributions As of 07/16/24

30-Day SEC Yield 1.07%
Unsubsidized 30-Day SEC Yield 1.02%
12-Month Trailing Yield 6.54%
Distribution Yield 3.84%
Distribution Frequency Monthly

ETF Prices As of 07/16/24

NAV $25.85 Daily Change $0.21 0.82%
Market Price $25.85 Daily Change $0.21 0.82%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 9.86% 9.95% 10.83%
Since Inception 7.13% 7.16% 7.30%
1 Year 9.86% 9.95% 10.83%
Since Inception 7.13% 7.16% 7.30%
Year-to-Date 5.84% 5.93% 6.20%
1 Month 1.90% 2.10% 1.99%
3 Months -0.93% -0.93% -0.78%
Since Inception 11.72% 11.76% 12.01%
Year-to-Date 5.84% 5.93% 6.20%
1 Month 1.90% 2.10% 1.99%
3 Months -0.93% -0.93% -0.78%
Since Inception 11.72% 11.76% 12.01%

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.

Options Details As of 07/16/24

Health Care Select Sector SPDR Fund (XLV) Price* 149.86
*Market Price as of 07/16/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Health Care Select Sector SPDR Call Option -$1,438,656 146 0.00% 07/19/2024 3

Top Holdings As of 07/16/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
53.86 XLV HEALTH CARE SELECT SECTOR 2371823 149.86 10,220 1,531,569.20
6.46 LLY ELI LILLY & CO 2516152 941.60 195 183,612.00
4.32 UNH UNITEDHEALTH GROUP INC 2917766 548.87 224 122,946.88
3.12 JNJ JOHNSON & JOHNSON 2475833 151.01 587 88,642.87
2.73 MRK MERCK & CO. INC. 2778844 125.44 618 77,521.92
2.56 ABBV ABBVIE INC B92SR70 169.20 431 72,925.20
1.82 TMO THERMO FISHER 2886907 555.42 93 51,654.06
1.54 ABT ABBOTT LABORATORIES 2002305 102.72 425 43,656.00
1.52 AMGN AMGEN INC 2023607 333.14 130 43,308.20
1.44 PFE PFIZER INC 2684703 29.50 1,388 40,946.00
1.43 DHR DANAHER CORP 2250870 252.14 161 40,594.54
1.34 ISRG INTUITIVE SURGICAL INC 2871301 438.01 87 38,106.87
1.11 ELV ELEVANCE HEALTH INC BSPHGL4 553.14 57 31,528.98
1.08 VRTX VERTEX PHARM 2931034 488.98 63 30,805.74
1.00 REGN REGENERON PHARMACEUTICALS 2730190 1,094.99 26 28,469.74
0.98 BSX BOSTON SCIENTIFIC CORP 2113434 78.14 355 27,739.70
0.96 SYK STRYKER CORP 2853688 333.43 82 27,341.26
0.90 MDT MEDTRONIC PLC BTN1Y11 78.10 328 25,616.80
0.82 CI THE CIGNA GROUP BHJ0775 339.71 69 23,439.99
0.76 GILD GILEAD SCIENCES INC 2369174 71.64 302 21,635.28
0.71 ZTS ZOETIS INC B95WG16 182.91 111 20,303.01
0.71 BMY BRISTOL-MYERS SQUIBB CO 2126335 41.20 491 20,229.20
0.66 MCK MCKESSON CORP 2378534 583.95 32 18,686.40
0.66 CVS CVS HEALTH CORP 2577609 60.06 311 18,678.66
0.57 BDX BECTON DICKINSON AND CO 2087807 230.70 70 16,149.00
0.54 HCA HCA HEALTHCARE INC B4MGBG6 318.91 48 15,307.68
0.45 EW EDWARDS LIFESCIENCES CORP 2567116 87.73 147 12,896.31
0.42 HUM HUMANA INC 2445063 395.60 30 11,868.00
0.41 DXCM DEXCOM INC B0796X4 116.06 100 11,606.00
0.37 MRNA MODERNA INC BGSXTS3 125.14 84 10,511.76
0.36 IQV IQVIA HOLDINGS INC BDR73G1 232.97 44 10,250.68
0.35 IDXX IDEXX LABORATORIES INC 2459202 499.52 20 9,990.40
0.34 A AGILENT TECHNOLOGIES INC 2520153 136.06 71 9,660.26
0.32 COR CENCORA INC 2795393 225.38 40 9,015.20
0.31 CNC CENTENE CORP 2807061 69.11 129 8,915.19
0.31 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 82.64 105 8,677.20
0.28 BIIB BIOGEN INC 2455965 225.02 35 7,875.70
0.26 RMD RESMED INC 2732903 206.80 36 7,444.80
0.24 MTD METTLER-TOLEDO 2126249 1,382.89 5 6,914.45
0.21 WST WEST PHARMACEUT 2950482 329.11 18 5,923.98
0.20 CAH CARDINAL HEALTH INC 2175672 95.41 60 5,724.60
0.19 ZBH ZIMMER BIOMET HO 2783815 107.46 51 5,480.46
0.19 STE STERIS PLC BFY8C75 227.64 24 5,463.36
0.16 HOLX HOLOGIC INC 2433530 78.46 59 4,629.14
0.16 LH LABCORP HOLDINGS INC BSBK800 216.50 21 4,546.50
0.16 WAT WATERS CORP 2937689 316.73 14 4,434.22
0.15 BAX BAXTER INTERNATIONAL INC 2085102 35.54 122 4,335.88
0.15 COO COOPER COS INC/THE BQPDXR3 90.14 48 4,326.72
0.15 MOH MOLINA HEALTHCARE INC 2212706 307.33 14 4,302.62
0.15 ALGN ALIGN TECHNOLOGY INC 2679204 247.54 17 4,208.18
0.14 DGX QUEST DIAGNOSTICS INC 2702791 148.60 27 4,012.20
0.12 PODD INSULET CORP B1XGNW4 201.39 17 3,423.63
0.12 RVTY REVVITY INC 2305844 113.12 30 3,393.60
0.12 VTRS VIATRIS INC BMWS3X9 11.38 291 3,311.58
0.11 TECH BIO-TECHNE CORP BSHZ3Q0 79.82 38 3,033.16
0.10 CASH 1.00 2,890 2,889.50
0.10 INCY INCYTE CORP 2471950 64.00 44 2,816.00
0.10 UHS UNIVERSAL HLTH-B 2923785 183.88 15 2,758.20
0.10 CRL CHARLES RIVER LA 2604336 227.31 12 2,727.72
0.09 CTLT CATALENT INC BP96PQ4 57.85 44 2,545.40
0.09 TFX TELEFLEX INC 2881407 229.28 11 2,522.08
0.08 HSIC HENRY SCHEIN INC 2416962 67.59 32 2,162.88
0.06 SOLV SOLVENTUM CORP BMTQB43 50.04 33 1,651.32
0.06 BIO BIO-RAD LABORATORIES-A 2098508 314.52 5 1,572.60
0.05 DVA DAVITA INC 2898087 137.72 11 1,514.92
0.03 OTHER PAYABLE & RECEIVABLES 1.00 708 708.37
-1.33 2XLV US 07/19/2024 C146 392.89 -96 -37,717.41
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Industry Weight (%)
Health Care 41.0
Pharmaceuticals 32.4
Biotechnology 16.3
Life Sciences Tools & Services 10.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.52
NASDAQ-100 0.44
MSCI EAFE 0.40
MSCI Emg. Mkts 0.31
Standard Deviation 8.40%

Source: new windowAltaVista Research, LLC

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject HYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in HYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. The health care industry could be adversely affected by various political, regulatory, supply-and-demand, and other economic factors.

HYLG 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. HYLG 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.