| NAV | $26.04 | Daily Change | -$0.46 | -1.74% |
| Market Price | $26.01 | Daily Change | -$0.52 | -1.96% |
RYLG seeks to generate income by writing covered calls on the underlying index.
By writing calls on 50% of the portfolio, the strategy allows investors to capture half the upside potential of the underlying index.
RYLG seeks to make distributions on a monthly basis.
| Inception Date | 10/04/22 |
| Gross Expense Ratio | 0.45% |
| Net Expense Ratio* | 0.35% |
| Net Assets | $6.51 million |
| NAV | $26.04 |
| Fact Sheet | View the document |
*Fee waivers are contractual and in effect until at least April 12, 2025.
The Global X Russell 2000 Covered Call & Growth ETF (RYLG) follows a “covered call” or “buy-write” strategy, in which the Fund purchases the Global X Russell 2000 ETF and/or the stocks in the Russell 2000 Index, and “writes” or “sells” corresponding call options on the Russell 2000 Index representing approximately 50% of the value of RYLG’s portfolio.
The Global X Russell 2000 Covered Call & Growth ETF (RYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 Half BuyWrite Index.
| Ticker | RYLG |
| Bloomberg Index Ticker | BXRH |
| CUSIP | 37960A776 |
| ISIN | US37960A7761 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 250,000 |
| Number of Holdings | 3 |
| 30-Day Median Bid-Ask Spread | 0.66% |
| 30-Day SEC Yield | -0.06% |
| Unsubsidized 30-Day SEC Yield | -0.14% |
| Trailing 12-Month Distribution (%) | 7.61% |
| Distribution Rate | 8.40% |
| Distribution Frequency | Monthly |
| NAV | $26.04 | Daily Change | -$0.46 | -1.74% |
| Market Price | $26.01 | Daily Change | -$0.52 | -1.96% |
|
As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 16.73% | 16.32% | 17.30% |
| Since Inception | 8.36% | 8.19% | 8.86% |
| 1 Year | 16.73% | 16.32% | 17.30% |
| Since Inception | 8.36% | 8.19% | 8.86% |
| Year-to-Date | 8.45% | 8.04% | 8.90% |
| 1 Month | 0.88% | 0.57% | 0.86% |
| 3 Months | 6.63% | 6.60% | 6.73% |
| Since Inception | 17.34% | 16.98% | 18.42% |
| Year-to-Date | 8.45% | 8.04% | 8.90% |
| 1 Month | 0.88% | 0.57% | 0.86% |
| 3 Months | 6.63% | 6.60% | 6.73% |
| Since Inception | 17.34% | 16.98% | 18.42% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 100.85 | RSSL | GLOBAL X RUSSELL 2000 ETF | BR3T756 | 87.58 | 74,960 | 6,564,996.80 |
| 0.87 | CASH | 1.00 | 56,619 | 56,618.52 | ||
| -0.04 | MRUT US 11/15/24 C228 | 451.50 | -6 | -2,709.00 | ||
| -0.73 | OTHER PAYABLE & RECEIVABLES | 1.00 | -47,470 | -47,470.18 | ||
| -0.95 | RUT US 11/15/24 C2280 | 4,415.00 | -14 | -61,810.00 |
| Sector | Weight (%) | |
|---|---|---|
| Health Care | 17.6 | |
| Financials | 17.1 | |
| Industrials | 16.4 | |
| Information Technology | 14.5 | |
| Consumer Discretionary | 9.8 | |
| Real Estate | 6.6 | |
| Energy | 5.6 | |
| Materials | 4.5 | |
| Utilities | 2.8 | |
| Consumer Staples | 2.8 | |
| Communication Services | 2.5 |
| Industry | Weight (%) | |
|---|---|---|
| Capital Goods | 11.7 | |
| Pharmaceuticals, Biotechnology & Life Sciences | 10.1 | |
| Banks | 9.5 | |
| Software & Services | 8.1 | |
| Health Care Equipment & Services | 6.4 | |
| Equity Real Estate Investment Trusts (REITs) | 5.6 | |
| Energy | 5.6 | |
| Financial Services | 5.6 | |
| Materials | 4.5 | |
| Technology Hardware & Equipment | 3.8 | |
| Consumer Durables & Apparel | 3.4 | |
| Other | 25.7 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject RYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in RYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.
RYLG 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. RYLG writes covered call index options on the Russell 2000 Index. 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.
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 FTSE Russell or Cboe, nor do these entities 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 these entities.