XCLR


S&P 500 Collar 95-110 ETF

Reasons to Consider XCLR

Growth Potential

XCLR enables investors to participate in the growth of the S&P 500, up to approximately 10% from the selling of the call to the options' expiration in three months.

Manage Risk

By employing a collar strategy, XCLR aims to lessen drawdowns to approximately -5% from the purchase of the put to the options’ expiration in three months, potentially reducing systematic risk and equity volatility within a strategic allocation.

Efficient Options Execution

XCLR buys put options and sells call options on the S&P 500, saving investors the time and potential expense of doing so individually.

Key Information As of 02/27/24

Inception Date 08/25/21
Total Expense Ratio 0.25%
Net Assets $2.59 million
NAV $28.81
Fact Sheet View the document

ETF Summary

The Global X S&P 500 Collar 95-110 ETF (XCLR) employs a collar strategy for investors seeking range-bound equity returns. XCLR seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money (OTM) put options1 on SPX, and selling 10% OTM call options on the same index.

ETF Objective

The Global X S&P 500 Collar 95-110 ETF (XCLR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 3-Month Collar 95-110 Index.

Trading Details As of 02/26/24

Ticker XCLR
Bloomberg Index Ticker CLL3M
CUSIP 37960A305
ISIN US37960A3059
Primary Exchange NYSE Arca
Shares Outstanding 90,000
Number of Holdings 506
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 02/27/24

30-Day SEC Yield 1.20%
Distribution Frequency Semi-Annually

1An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price; an out-of-the-money call option conveys the right, but not the obligation, to buy an underlying asset at a strike price above that underlying asset’s market price (learn more)

ETF Prices As of 02/27/24

NAV $28.81 Daily Change $0.04 0.14%
Market Price $28.80 Daily Change $0.04 0.14%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 15.54% 15.65% 16.09%
Since Inception 1.64% 1.61% 2.08%
1 Year 12.45% 12.72% 12.94%
Since Inception 2.15% 2.18% 2.57%
Year-to-Date 15.54% 15.65% 16.09%
1 Month 4.22% 4.27% 4.27%
3 Months 9.17% 9.17% 9.21%
Since Inception 3.89% 3.82% 4.96%
Year-to-Date 1.36% 1.51% 1.36%
1 Month 1.36% 1.51% 1.36%
3 Months 12.53% 12.71% 12.53%
Since Inception 5.31% 5.38% 6.39%

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 02/26/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$2,027,812 5200 2.57% 03/15/2024 18
Short S&P 500 Mini Call Option -$557,648 520 2.57% 03/15/2024 18

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long S&P 500 Put Option $2,027,812 4490 -11.43% 03/15/2024 18
Long S&P 500 Mini Put Option $557,648 449 -11.43% 03/15/2024 18

Top Holdings As of 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.10 MSFT MICROSOFT CORP 2588173 407.48 452 184,180.96
6.26 AAPL APPLE INC 2046251 182.63 889 162,358.07
4.55 NVDA NVIDIA CORP 2379504 787.01 150 118,051.50
3.70 AMZN AMAZON.COM INC 2000019 173.54 553 95,967.62
2.54 META META PLATFORMS INC B7TL820 487.05 135 65,751.75
1.93 GOOGL ALPHABET INC-CL A BYVY8G0 138.88 360 49,996.80
1.75 BRK/B BERKSHIRE HATH-B 2073390 408.91 111 45,389.01
1.64 GOOG ALPHABET INC-CL C BYY88Y7 140.10 303 42,450.30
1.45 LLY ELI LILLY & CO 2516152 765.00 49 37,485.00
1.35 AVGO BROADCOM INC BDZ78H9 1,296.23 27 34,998.21
1.29 TSLA TESLA INC B616C79 199.73 168 33,554.64
1.25 JPM JPMORGAN CHASE & CO 2190385 183.45 177 32,470.65
1.11 UNH UNITEDHEALTH GROUP INC 2917766 513.42 56 28,751.52
1.06 V VISA INC-CLASS A SHARES B2PZN04 283.17 97 27,467.49
0.98 XOM EXXON MOBIL CORP 2326618 104.03 245 25,487.35
0.92 MA MASTERCARD INC - A B121557 474.75 50 23,737.50
0.91 JNJ JOHNSON & JOHNSON 2475833 160.98 146 23,503.08
0.88 HD HOME DEPOT INC 2434209 375.56 61 22,909.16
0.88 PG PROCTER & GAMBLE CO/THE 2704407 159.30 143 22,779.90
0.78 COST COSTCO WHOLESALE CORP 2701271 744.71 27 20,107.17
0.77 MRK MERCK & CO. INC. 2778844 129.03 155 19,999.65
0.75 ABBV ABBVIE INC B92SR70 178.99 108 19,330.92
0.68 CRM SALESFORCE INC 2310525 299.50 59 17,670.50
0.67 AMD ADVANCED MICRO DEVICES 2007849 178.00 98 17,444.00
0.63 CVX CHEVRON CORP 2838555 152.16 107 16,281.12
0.63 NFLX NETFLIX INC 2857817 601.67 27 16,245.09
0.60 WMT WALMART INC 2936921 59.59 261 15,552.99
0.60 ADBE ADOBE INC 2008154 552.49 28 15,469.72
0.56 KO COCA-COLA CO/THE 2206657 60.34 240 14,481.60
0.55 ACN ACCENTURE PLC-CL A B4BNMY3 377.91 38 14,360.58
0.55 BAC BANK OF AMERICA CORP 2295677 34.28 418 14,329.04
0.55 PEP PEPSICO INC 2681511 168.16 84 14,125.44
0.50 TMO THERMO FISHER 2886907 566.17 23 13,021.91
0.50 MCD MCDONALD'S CORP 2550707 293.76 44 12,925.44
0.50 LIN LINDE PLC BNZHB81 444.80 29 12,899.20
0.49 ABT ABBOTT LABORATORIES 2002305 119.40 107 12,775.80
0.47 DIS WALT DISNEY CO/THE 2270726 109.42 111 12,145.62
0.47 WFC WELLS FARGO & CO 2649100 54.81 221 12,113.01
0.46 CSCO CISCO SYSTEMS INC 2198163 48.31 247 11,932.57
0.44 INTU INTUIT INC 2459020 669.36 17 11,379.12
0.43 INTC INTEL CORP 2463247 42.73 260 11,109.80
0.41 QCOM QUALCOMM INC 2714923 157.50 68 10,710.00
0.41 ORCL ORACLE CORP 2661568 111.38 96 10,692.48
0.40 CMCSA COMCAST CORP-CLASS A 2044545 42.27 245 10,356.15
0.40 AMAT APPLIED MATERIALS INC 2046552 202.86 51 10,345.86
0.39 DHR DANAHER CORP 2250870 254.86 40 10,194.40
0.39 VZ VERIZON COMMUNIC 2090571 39.93 255 10,182.15
0.39 IBM IBM 2005973 184.87 55 10,167.85
0.39 GE GENERAL ELECTRIC CO BL59CR9 153.99 66 10,163.34
0.39 CAT CATERPILLAR INC 2180201 327.63 31 10,156.53
0.38 UBER UBER TECHNOLOGIES INC BK6N347 78.75 125 9,843.75
0.37 UNP UNION PACIFIC CORP 2914734 251.99 38 9,575.62
0.36 PFE PFIZER INC 2684703 26.89 343 9,223.27
0.36 NOW SERVICENOW INC B80NXX8 767.14 12 9,205.68
0.35 TXN TEXAS INSTRUMENTS INC 2885409 164.94 55 9,071.70
0.34 AMGN AMGEN INC 2023607 278.49 32 8,911.68
0.33 SPGI S&P GLOBAL INC BYV2325 427.84 20 8,556.80
0.33 PM PHILIP MORRIS IN B2PKRQ3 90.18 94 8,476.92
0.32 LOW LOWE'S COS INC 2536763 235.39 35 8,238.65
0.31 ISRG INTUITIVE SURGICAL INC 2871301 386.46 21 8,115.66
0.31 COP CONOCOPHILLIPS 2685717 111.61 72 8,035.92
0.31 HON HONEYWELL INTL 2020459 198.18 40 7,927.20
0.30 RTX RTX CORPORATION BM5M5Y3 90.42 87 7,866.54
0.30 AXP AMERICAN EXPRESS CO 2026082 217.98 36 7,847.28
0.30 NKE NIKE INC -CL B 2640147 105.15 74 7,781.10
0.30 GS GOLDMAN SACHS GROUP INC 2407966 388.06 20 7,761.20
0.29 LRCX LAM RESEARCH CORP 2502247 930.73 8 7,445.84
0.29 PLD PROLOGIS INC B44WZD7 132.49 56 7,419.44
0.29 SYK STRYKER CORP 2853688 352.21 21 7,396.41
0.28 T AT&T INC 2831811 16.83 434 7,304.22
0.28 BLK BLACKROCK INC 2494504 800.54 9 7,204.86
0.27 PGR PROGRESSIVE CORP 2705024 192.18 37 7,110.66
0.27 ELV ELEVANCE HEALTH INC BSPHGL4 507.41 14 7,103.74
0.27 ETN EATON CORP PLC B8KQN82 283.57 25 7,089.25
0.27 BKNG BOOKING HOLDINGS INC BDRXDB4 3,478.12 2 6,956.24
0.27 REGN REGENERON PHARMACEUTICALS 2730190 993.35 7 6,953.45
0.27 TJX TJX COMPANIES INC 2989301 100.52 69 6,935.88
0.27 VRTX VERTEX PHARM 2931034 430.92 16 6,894.72
0.27 NEE NEXTERA ENERGY INC 2328915 55.56 124 6,889.44
0.27 MDT MEDTRONIC PLC BTN1Y11 83.84 82 6,874.88
0.26 BA BOEING CO/THE 2108601 201.40 34 6,847.60
0.26 MS MORGAN STANLEY 2262314 85.49 78 6,668.22
0.26 CB CHUBB LTD B3BQMF6 254.87 26 6,626.62
0.25 ADP AUTOMATIC DATA PROCESSING 2065308 251.31 26 6,534.06
0.25 UPS UNITED PARCEL-B 2517382 148.27 44 6,523.88
0.25 SBUX STARBUCKS CORP 2842255 94.13 69 6,494.97
0.25 BMY BRISTOL-MYERS SQUIBB CO 2126335 50.51 127 6,414.77
0.25 C CITIGROUP INC 2297907 55.71 115 6,406.65
0.24 MU MICRON TECHNOLOGY INC 2588184 91.85 69 6,337.65
0.24 MMC MARSH & MCLENNAN COS 2567741 203.23 31 6,300.13
0.24 MDLZ MONDELEZ INTER-A B8CKK03 73.13 84 6,142.92
0.24 CI THE CIGNA GROUP BHJ0775 340.74 18 6,133.32
0.24 CVS CVS HEALTH CORP 2577609 76.27 80 6,101.60
0.23 SCHW SCHWAB (CHARLES) CORP 2779397 65.35 90 5,881.50
0.22 DE DEERE & CO 2261203 360.66 16 5,770.56
0.22 BSX BOSTON SCIENTIFIC CORP 2113434 66.43 86 5,712.98
0.22 GILD GILEAD SCIENCES INC 2369174 73.02 78 5,695.56
0.22 ADI ANALOG DEVICES INC 2032067 189.07 30 5,672.10
0.22 PANW PALO ALTO NETWORKS INC B87ZMX0 314.75 18 5,665.50
0.22 LMT LOCKHEED MARTIN CORP 2522096 430.43 13 5,595.59
0.22 ZTS ZOETIS INC B95WG16 199.00 28 5,572.00
0.21 BX BLACKSTONE INC BKF2SL7 126.75 43 5,450.25
0.21 FI FISERV INC 2342034 150.65 36 5,423.40
0.21 KLAC KLA CORP 2480138 677.58 8 5,420.64
0.21 AMT AMERICAN TOWER CORP B7FBFL2 186.68 29 5,413.72
0.20 CMG CHIPOTLE MEXICAN B0X7DZ3 2,645.24 2 5,290.48
0.20 EQIX EQUINIX INC BVLZX12 873.05 6 5,238.30
0.20 SNPS SYNOPSYS INC 2867719 574.00 9 5,166.00
0.20 TMUS T-MOBILE US INC B94Q9V0 164.62 31 5,103.22
0.20 CME CME GROUP INC 2965839 219.45 23 5,047.35
0.19 ICE INTERCONTINENTAL BFSSDS9 138.63 35 4,852.05
0.19 CDNS CADENCE DESIGN SYS INC 2302232 300.01 16 4,800.16
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 327.72 14 4,588.08
0.18 SO SOUTHERN CO/THE 2829601 66.46 69 4,585.74
0.18 MO ALTRIA GROUP INC 2692632 40.90 112 4,580.80
0.18 CSX CSX CORP 2160753 37.84 121 4,578.64
0.18 WM WASTE MANAGEMENT INC 2937667 207.78 22 4,571.16
0.17 ITW ILLINOIS TOOL WORKS 2457552 261.51 17 4,445.67
0.17 TGT TARGET CORP 2259101 151.99 29 4,407.71
0.17 ANET ARISTA NETWORKS INC BN33VM5 271.91 16 4,350.56
0.17 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,081.75 4 4,327.00
0.17 DUK DUKE ENERGY CORP B7VD3F2 90.85 47 4,269.95
0.16 PH PARKER HANNIFIN CORP 2671501 531.49 8 4,251.92
0.16 SLB SCHLUMBERGER LTD 2779201 48.46 87 4,216.02
0.16 EOG EOG RESOURCES INC 2318024 113.94 37 4,215.78
0.16 MCK MCKESSON CORP 2378534 518.98 8 4,151.84
0.16 PYPL PAYPAL HOLDINGS INC BYW36M8 60.16 69 4,151.04
0.16 CL COLGATE-PALMOLIVE CO 2209106 86.41 48 4,147.68
0.16 NOC NORTHROP GRUMMAN CORP 2648806 458.36 9 4,125.24
0.16 MPC MARATHON PETROLEUM CORP B3K3L40 171.13 24 4,107.12
0.16 BDX BECTON DICKINSON AND CO 2087807 241.24 17 4,101.08
0.15 TT TRANE TECHNOLOGIES PLC BK9ZQ96 283.52 14 3,969.28
0.15 ABNB AIRBNB INC-CLASS A BMGYYH4 152.06 26 3,953.56
0.15 NXPI NXP SEMICONDUCTORS NV B505PN7 245.73 16 3,931.68
0.15 PSX PHILLIPS 66 B78C4Y8 145.34 27 3,924.18
0.15 GD GENERAL DYNAMICS CORP 2365161 273.70 14 3,831.80
0.15 EMR EMERSON ELECTRIC CO 2313405 106.13 36 3,820.68
0.15 AON AON PLC-CLASS A BLP1HW5 315.39 12 3,784.68
0.15 APH AMPHENOL CORP-CL A 2145084 107.94 35 3,777.90
0.15 HCA HCA HEALTHCARE INC B4MGBG6 314.00 12 3,768.00
0.14 MAR MARRIOTT INTL-A 2210614 249.03 15 3,735.45
0.14 USB US BANCORP 2736035 41.37 88 3,640.56
0.14 ADSK AUTODESK INC 2065159 256.95 14 3,597.30
0.14 TDG TRANSDIGM GROUP INC B11FJK3 1,174.22 3 3,522.66
0.14 PNC PNC FINANCIAL SE 2692665 145.95 24 3,502.80
0.13 AJG ARTHUR J GALLAGHER & CO 2359506 243.55 14 3,409.70
0.13 MCO MOODY'S CORP 2252058 377.67 9 3,399.03
0.13 FDX FEDEX CORP 2142784 241.40 14 3,379.60
0.13 GM GENERAL MOTORS CO B665KZ5 40.18 83 3,334.94
0.13 ECL ECOLAB INC 2304227 222.09 15 3,331.35
0.13 FCX FREEPORT-MCMORAN INC 2352118 38.16 87 3,319.92
0.13 EW EDWARDS LIFESCIENCES CORP 2567116 86.51 38 3,287.38
0.13 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 328.68 10 3,286.80
0.13 COF CAPITAL ONE FINA 2654461 136.82 24 3,283.68
0.13 ROP ROPER TECHNOLOGIES INC 2749602 547.10 6 3,282.60
0.13 NSC NORFOLK SOUTHERN CORP 2641894 252.48 13 3,282.24
0.13 LULU LULULEMON ATHLETICA INC B23FN39 467.84 7 3,274.88
0.13 PXD PIONEER NATURAL 2690830 233.75 14 3,272.50
0.13 HLT HILTON WORLDWIDE BYVMW06 203.59 16 3,257.44
0.12 PCAR PACCAR INC 2665861 111.33 29 3,228.57
0.12 CTAS CINTAS CORP 2197137 628.15 5 3,140.75
0.12 MMM 3M CO 2595708 92.30 34 3,138.20
0.12 F FORD MOTOR CO 2615468 12.00 253 3,036.00
0.12 TFC TRUIST FINANCIAL CORP BKP7287 34.88 87 3,034.56
0.12 AIG AMERICAN INTERNA 2027342 71.95 42 3,021.90
0.12 APD AIR PRODS & CHEM 2011602 231.73 13 3,012.49
0.12 VLO VALERO ENERGY CORP 2041364 142.98 21 3,002.58
0.12 SPG SIMON PROPERTY GROUP INC 2812452 149.70 20 2,994.00
0.12 ROST ROSS STORES INC 2746711 149.62 20 2,992.40
0.12 IQV IQVIA HOLDINGS INC BDR73G1 248.84 12 2,986.08
0.11 CEG CONSTELLATION ENERGY BMH4FS1 155.76 19 2,959.44
0.11 AZO AUTOZONE INC 2065955 2,954.99 1 2,954.99
0.11 WELL WELLTOWER INC BYVYHH4 92.12 32 2,947.84
0.11 GWW WW GRAINGER INC 2380863 969.54 3 2,908.62
0.11 HUM HUMANA INC 2445063 362.70 8 2,901.60
0.11 NUE NUCOR CORP 2651086 193.12 15 2,896.80
0.11 TRV TRAVELERS COS INC/THE 2769503 221.88 13 2,884.44
0.11 IDXX IDEXX LABORATORIES INC 2459202 575.07 5 2,875.35
0.11 TEL TE CONNECTIVITY LTD B62B7C3 143.63 20 2,872.60
0.11 CPRT COPART INC 2208073 52.92 54 2,857.68
0.11 SRE SEMPRA 2138158 71.06 40 2,842.40
0.11 MET METLIFE INC 2573209 69.16 41 2,835.56
0.11 FTNT FORTINET INC B5B2106 69.95 40 2,798.00
0.11 PSA PUBLIC STORAGE 2852533 279.58 10 2,795.80
0.11 MSCI MSCI INC B2972D2 557.84 5 2,789.20
0.11 AEP AMERICAN ELECTRIC POWER 2026242 84.07 33 2,774.31
0.11 WMB WILLIAMS COS INC 2967181 35.04 79 2,768.16
0.11 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.94 33 2,737.02
0.11 OTHER PAYABLE & RECEIVABLES 1.00 2,721 2,720.71
0.11 STZ CONSTELLATION-A 2170473 247.09 11 2,717.99
0.10 URI UNITED RENTALS INC 2134781 676.48 4 2,705.92
0.10 OKE ONEOK INC 2130109 74.37 36 2,677.32
0.10 JCI JOHNSON CONTROLS BY7QL61 59.42 45 2,673.90
0.10 O REALTY INCOME CORP 2724193 52.31 51 2,667.81
0.10 AME AMETEK INC 2089212 177.77 15 2,666.55
0.10 DXCM DEXCOM INC B0796X4 115.32 23 2,652.36
0.10 CCI CROWN CASTLE INC BTGQCX1 105.64 25 2,641.00
0.10 FAST FASTENAL CO 2332262 73.15 36 2,633.40
0.10 DHI DR HORTON INC 2250687 145.44 18 2,617.92
0.10 HES HESS CORP 2023748 145.32 18 2,615.76
0.10 CTSH COGNIZANT TECH-A 2257019 79.14 33 2,611.62
0.10 BK BANK NY MELLON B1Z77F6 55.55 47 2,610.85
0.10 CARR CARRIER GLOBAL CORP BK4N0D7 55.04 47 2,586.88
0.10 FICO FAIR ISAAC CORP 2330299 1,276.03 2 2,552.06
0.10 KMB KIMBERLY-CLARK CORP 2491839 121.19 21 2,544.99
0.10 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 211.74 12 2,540.88
0.10 OTIS OTIS WORLDWIDE CORP BK531S8 93.85 27 2,533.95
0.10 D DOMINION ENERGY INC 2542049 47.79 53 2,532.87
0.10 SYY SYSCO CORP 2868165 81.14 31 2,515.34
0.10 DOW DOW INC BHXCF84 55.57 45 2,500.65
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 138.23 18 2,488.14
0.10 CTVA CORTEVA INC BK73B42 55.13 45 2,480.85
0.10 MNST MONSTER BEVERAGE CORP BZ07BW4 56.11 44 2,468.84
0.10 YUM YUM! BRANDS INC 2098876 137.04 18 2,466.72
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 408.71 6 2,452.26
0.09 IR INGERSOLL-RAND INC BL5GZ82 90.38 27 2,440.26
0.09 OXY OCCIDENTAL PETROLEUM CORP 2655408 60.60 40 2,424.00
0.09 CNC CENTENE CORP 2807061 80.41 30 2,412.30
0.09 AFL AFLAC INC 2026361 80.21 30 2,406.30
0.09 RSG REPUBLIC SERVICES INC 2262530 184.52 13 2,398.76
0.09 GPN GLOBAL PAYMENTS INC 2712013 133.23 18 2,398.14
0.09 VMC VULCAN MATERIALS CO 2931205 263.56 9 2,372.04
0.09 PRU PRUDENTIAL FINANCIAL INC 2819118 107.67 22 2,368.74
0.09 FIS FIDELITY NATIONA 2769796 66.98 35 2,344.30
0.09 PAYX PAYCHEX INC 2674458 122.90 19 2,335.10
0.09 GIS GENERAL MILLS INC 2367026 64.21 36 2,311.56
0.09 LEN LENNAR CORP-A 2511920 153.87 15 2,308.05
0.09 IT GARTNER INC 2372763 461.05 5 2,305.25
0.09 A AGILENT TECHNOLOGIES INC 2520153 132.55 17 2,253.35
0.09 MLM MARTIN MARIETTA MATERIALS 2572079 559.08 4 2,236.32
0.09 ALL ALLSTATE CORP 2019952 159.54 14 2,233.56
0.09 EXC EXELON CORP 2670519 36.21 61 2,208.81
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 441.06 5 2,205.30
0.08 KR KROGER CO 2497406 48.37 45 2,176.65
0.08 PWR QUANTA SERVICES INC 2150204 239.57 9 2,156.13
0.08 ON ON SEMICONDUCTOR 2583576 76.97 28 2,155.16
0.08 CMI CUMMINS INC 2240202 268.54 8 2,148.32
0.08 EFX EQUIFAX INC 2319146 268.33 8 2,146.64
0.08 FANG DIAMONDBACK ENERGY INC B7Y8YR3 177.95 12 2,135.40
0.08 COR CENCORA INC 2795393 236.51 9 2,128.59
0.08 MPWR MONOLITHIC POWER B01Z7J1 709.29 3 2,127.87
0.08 NEM NEWMONT CORP 2636607 29.86 71 2,120.06
0.08 XEL XCEL ENERGY INC 2614807 58.28 36 2,098.08
0.08 KMI KINDER MORGAN INC B3NQ4P8 17.17 122 2,094.74
0.08 EA ELECTRONIC ARTS INC 2310194 139.50 15 2,092.50
0.08 PCG P G & E CORP 2689560 16.59 126 2,090.34
0.08 DLTR DOLLAR TREE INC 2272476 148.90 14 2,084.60
0.08 FTV FORTIVE CORP BYT3MK1 86.12 24 2,066.88
0.08 CSGP COSTAR GROUP INC 2262864 84.89 24 2,037.36
0.08 KVUE KENVUE INC BQ84ZQ6 18.92 107 2,024.44
0.08 MRNA MODERNA INC BGSXTS3 96.20 21 2,020.20
0.08 PEG PUB SERV ENTERP 2707677 61.58 32 1,970.56
0.08 ROK ROCKWELL AUTOMATION INC 2754060 280.97 7 1,966.79
0.08 EXR EXTRA SPACE STORAGE INC B02HWR9 140.22 14 1,963.08
0.08 VRSK VERISK ANALYTICS INC B4P9W92 242.92 8 1,943.36
0.08 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 92.52 21 1,942.94
0.07 BKR BAKER HUGHES CO BDHLTQ5 29.72 65 1,931.80
0.07 EL ESTEE LAUDER 2320524 147.85 13 1,922.05
0.07 ED CONSOLIDATED EDISON INC 2216850 86.88 22 1,911.36
0.07 HAL HALLIBURTON CO 2405302 34.96 54 1,887.84
0.07 XYL XYLEM INC B3P2CN8 125.69 15 1,885.35
0.07 VICI VICI PROPERTIES INC BYWH073 29.39 64 1,880.96
0.07 DFS DISCOVER FINANCI B1YLC43 122.65 15 1,839.75
0.07 PPG PPG INDUSTRIES INC 2698470 140.91 13 1,831.83
0.07 DD DUPONT DE NEMOURS INC BK0VN47 69.22 26 1,799.72
0.07 BIIB BIOGEN INC 2455965 223.94 8 1,791.52
0.07 HWM HOWMET AEROSPACE INC BKLJ8V2 65.97 27 1,781.19
0.07 DVN DEVON ENERGY CORP 2480677 44.32 40 1,772.80
0.07 TSCO TRACTOR SUPPLY COMPANY 2900335 251.20 7 1,758.40
0.07 KHC KRAFT HEINZ CO/THE BYRY499 35.80 49 1,754.20
0.07 CHTR CHARTER COMMUN-A BZ6VT82 290.00 6 1,740.00
0.07 DG DOLLAR GENERAL CORP B5B1S13 144.30 12 1,731.60
0.07 HIG HARTFORD FINL SV 2476193 95.74 18 1,723.32
0.07 CDW CDW CORP/DE BBM5MD6 244.27 7 1,709.89
0.07 WEC WEC ENERGY GROUP INC BYY8XK8 77.46 22 1,704.12
0.07 HSY HERSHEY CO/THE 2422806 187.17 9 1,684.53
0.07 ULTA ULTA BEAUTY INC B28TS42 561.41 3 1,684.23
0.07 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 152.76 11 1,680.36
0.07 DAL DELTA AIR LINES INC B1W9D46 41.98 40 1,679.20
0.07 ANSS ANSYS INC 2045623 335.77 5 1,678.85
0.06 ACGL ARCH CAPITAL GROUP LTD 2740542 87.22 19 1,657.18
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 275.06 6 1,650.36
0.06 ZBH ZIMMER BIOMET HO 2783815 126.37 13 1,642.81
0.06 RMD RESMED INC 2732903 180.99 9 1,628.91
0.06 RCL ROYAL CARIBBEAN 2754907 123.25 13 1,602.25
0.06 BR BROADRIDGE FINL B1VP7R6 200.01 8 1,600.08
0.06 ADM ARCHER-DANIELS-MIDLAND CO 2047317 52.79 30 1,583.70
0.06 CBRE CBRE GROUP INC - A B6WVMH3 90.88 17 1,544.96
0.06 ILMN ILLUMINA INC 2613990 139.76 11 1,537.36
0.06 KDP KEURIG DR PEPPER INC BD3W133 29.50 52 1,534.00
0.06 FITB FIFTH THIRD BANCORP 2336747 33.97 45 1,528.65
0.06 WAB WABTEC CORP 2955733 137.70 11 1,514.70
0.06 HPQ HP INC BYX4D52 28.83 52 1,499.16
0.06 EIX EDISON INTERNATIONAL 2829515 67.71 22 1,489.62
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 99.00 15 1,485.00
0.06 WY WEYERHAEUSER CO 2958936 32.90 45 1,480.50
0.06 TTWO TAKE-TWO INTERAC 2122117 147.94 10 1,479.40
0.06 DOV DOVER CORP 2278407 163.58 9 1,472.22
0.06 EBAY EBAY INC 2293819 44.39 33 1,464.87
0.06 GLW CORNING INC 2224701 32.15 45 1,446.75
0.06 WST WEST PHARMACEUT 2950482 358.29 4 1,433.16
0.06 BRO BROWN & BROWN INC 2692687 84.11 17 1,429.87
0.06 CAH CARDINAL HEALTH INC 2175672 109.61 13 1,424.93
0.06 AWK AMERICAN WATER W B2R3PV1 118.03 12 1,416.36
0.05 ETR ENTERGY CORP 2317087 100.77 14 1,410.78
0.05 CTRA COTERRA ENERGY INC 2162340 25.98 54 1,402.92
0.05 SBAC SBA COMMUNICATIONS CORP BZ6TS23 199.95 7 1,399.65
0.05 DTE DTE ENERGY COMPANY 2280220 107.33 13 1,395.29
0.05 STE STERIS PLC BFY8C75 232.52 6 1,395.12
0.05 AVB AVALONBAY COMMUNITIES INC 2131179 174.37 8 1,394.96
0.05 MTB M & T BANK CORP 2340168 138.73 10 1,387.30
0.05 BAX BAXTER INTERNATIONAL INC 2085102 41.85 33 1,381.05
0.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 194.31 7 1,360.17
0.05 GPC GENUINE PARTS CO 2367480 150.57 9 1,355.13
0.05 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 193.16 7 1,352.12
0.05 APTV APTIV PLC B783TY6 78.83 17 1,340.11
0.05 IFF INTL FLAVORS & FRAGRANCES 2464165 74.44 18 1,339.92
0.05 IRM IRON MOUNTAIN INC BVFTF03 74.00 18 1,332.00
0.05 WAT WATERS CORP 2937689 332.65 4 1,330.60
0.05 STLD STEEL DYNAMICS INC 2849472 132.97 10 1,329.70
0.05 FE FIRSTENERGY CORP 2100920 36.87 36 1,327.32
0.05 J JACOBS SOLUTIONS INC BNGC0D3 147.29 9 1,325.61
0.05 STT STATE STREET CORP 2842040 73.48 18 1,322.64
0.05 RJF RAYMOND JAMES 2718992 119.71 11 1,316.81
0.05 EQR EQUITY RESIDENTIAL 2319157 59.47 22 1,308.34
0.05 LH LABORATORY CP 2586122 215.69 6 1,294.14
0.05 PTC PTC INC B95N910 182.36 7 1,276.52
0.05 TDY TELEDYNE TECHNOLOGIES INC 2503477 424.90 3 1,274.70
0.05 TRGP TARGA RESOURCES CORP B55PZY3 97.08 13 1,262.04
0.05 ALGN ALIGN TECHNOLOGY INC 2679204 313.06 4 1,252.24
0.05 LUV SOUTHWEST AIRLINES CO 2831543 34.52 36 1,242.72
0.05 INVH INVITATION HOMES INC BD81GW9 33.53 37 1,240.61
0.05 NDAQ NASDAQ INC 2965107 56.37 22 1,240.14
0.05 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.70 142 1,235.40
0.05 EXPE EXPEDIA GROUP INC B748CK2 136.24 9 1,226.16
0.05 TROW T ROWE PRICE GROUP INC 2702337 110.86 11 1,219.46
0.05 MTD METTLER-TOLEDO 2126249 1,213.21 1 1,213.21
0.05 GRMN GARMIN LTD B3Z5T14 134.69 9 1,212.21
0.05 HPE HEWLETT PACKA BYVYWS0 14.89 81 1,206.09
0.05 MOH MOLINA HEALTHCARE INC 2212706 400.12 3 1,200.36
0.05 CASH 1.00 1,200 1,200.27
0.05 CHD CHURCH & DWIGHT CO INC 2195841 99.89 12 1,198.68
0.05 PPL PPL CORP 2680905 26.43 45 1,189.35
0.05 DRI DARDEN RESTAURANTS INC 2289874 169.53 7 1,186.71
0.05 ES EVERSOURCE ENERGY BVVN4Q8 59.27 20 1,185.40
0.05 IEX IDEX CORP 2456612 236.05 5 1,180.25
0.05 PHM PULTEGROUP INC 2708841 106.86 11 1,175.46
0.05 LVS LAS VEGAS SANDS CORP B02T2J7 53.40 22 1,174.80
0.05 HBAN HUNTINGTON BANCSHARES INC 2445966 13.02 90 1,171.80
0.05 VLTO VERALTO CORP BPGMZQ5 87.81 13 1,170.54
0.05 VRSN VERISIGN INC 2142922 193.56 6 1,161.36
0.05 OMC OMNICOM GROUP 2279303 89.16 13 1,159.08
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 41.01 28 1,148.28
0.04 TXT TEXTRON INC 2885937 87.67 13 1,139.71
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 126.58 9 1,139.22
0.04 COO COOPER COS INC/THE BQPDXR3 93.74 12 1,124.88
0.04 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 278.55 4 1,114.20
0.04 TRMB TRIMBLE INC 2903958 61.78 18 1,112.04
0.04 EG EVEREST GROUP LTD 2556868 367.71 3 1,103.13
0.04 HUBB HUBBELL INC BDFG6S3 366.27 3 1,098.81
0.04 ENPH ENPHASE ENERGY INC B65SQW4 121.11 9 1,089.99
0.04 AXON AXON ENTERPRISE INC BDT5S35 271.82 4 1,087.28
0.04 AVY AVERY DENNISON CORP 2066408 214.10 5 1,070.50
0.04 EXPD EXPEDITORS INTL WASH INC 2325507 118.73 9 1,068.57
0.04 CCL CARNIVAL CORP 2523044 15.91 67 1,065.97
0.04 NTRS NORTHERN TRUST CORP 2648668 81.78 13 1,063.14
0.04 PKG PACKAGING CORP OF AMERICA 2504566 174.78 6 1,048.68
0.04 CE CELANESE CORP B05MZT4 149.59 7 1,047.13
0.04 NTAP NETAPP INC 2630643 87.17 12 1,046.04
0.04 WDC WESTERN DIGITAL CORP 2954699 57.48 18 1,034.64
0.04 VTR VENTAS INC 2927925 42.64 24 1,023.36
0.04 WRB WR BERKLEY CORP 2093644 84.88 12 1,018.56
0.04 FSLR FIRST SOLAR INC B1HMF22 144.99 7 1,014.93
0.04 BALL BALL CORP 2073022 62.61 16 1,001.76
0.04 K KELLANOVA 2486813 55.63 18 1,001.34
0.04 JBL JABIL INC 2471789 142.70 7 998.90
0.04 STX SEAGATE TECHNOLO BKVD2N4 90.70 11 997.70
0.04 EQT EQT CORP 2319414 36.52 27 986.04
0.04 HOLX HOLOGIC INC 2433530 75.36 13 979.68
0.04 L LOEWS CORP 2523022 74.99 13 974.87
0.04 TSN TYSON FOODS INC-CL A 2909730 54.13 18 974.34
0.04 ARE ALEXANDRIA REAL 2009210 121.70 8 973.60
0.04 WBA WALGREENS BOOTS BTN1Y44 21.63 45 973.35
0.04 LKQ LKQ CORP 2971029 52.93 18 952.74
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 104.17 9 937.53
0.04 BG BUNGE GLOBAL SA BQ6BPG9 93.12 10 931.20
0.04 AEE AMEREN CORPORATION 2050832 71.32 13 927.16
0.04 EPAM EPAM SYSTEMS INC B44Z3T8 307.04 3 921.12
0.04 FDS FACTSET RESEARCH 2329770 460.56 2 921.12
0.04 VTRS VIATRIS INC BMWS3X9 13.23 69 912.87
0.04 CNP CENTERPOINT ENERGY INC 2440637 27.65 33 912.45
0.04 CLX CLOROX COMPANY 2204026 151.89 6 911.34
0.04 ESS ESSEX PROPERTY TRUST INC 2316619 227.73 4 910.92
0.04 RF REGIONS FINANCIAL CORP B01R311 18.58 49 910.42
0.04 HST HOST HOTELS & RESORTS INC 2567503 20.23 45 910.35
0.04 LW LAMB WESTON HOLDINGS INC BDQZFJ3 100.82 9 907.38
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 113.32 8 906.56
0.04 TFX TELEFLEX INC 2881407 226.04 4 904.16
0.04 TER TERADYNE INC 2884183 100.27 9 902.43
0.03 DPZ DOMINO'S PIZZA INC B01SD70 446.27 2 892.54
0.03 PFG PRINCIPAL FINANCIAL GROUP 2803014 80.68 11 887.48
0.03 MKC MCCORMICK-N/V 2550161 67.84 13 881.92
0.03 IPG INTERPUBLIC GRP 2466321 32.40 27 874.80
0.03 MRO MARATHON OIL CORP 2910970 24.29 36 874.44
0.03 TYL TYLER TECHNOLOGIES INC 2909644 436.39 2 872.78
0.03 BBY BEST BUY CO INC 2094670 79.06 11 869.66
0.03 LNT ALLIANT ENERGY CORP 2973821 47.82 18 860.76
0.03 CMS CMS ENERGY CORP 2219224 57.33 15 859.95
0.03 TPR TAPESTRY INC BF09HX3 47.53 18 855.54
0.03 LYV LIVE NATION ENTE B0T7YX2 93.54 9 841.86
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 42.00 20 840.00
0.03 PODD INSULET CORP B1XGNW4 166.62 5 833.10
0.03 JBHT HUNT (JB) TRANS 2445416 207.53 4 830.12
0.03 ZBRA ZEBRA TECH CORP 2989356 275.78 3 827.34
0.03 SNA SNAP-ON INC 2818740 273.76 3 821.28
0.03 TAP MOLSON COORS-B B067BM3 62.76 13 815.88
0.03 UAL UNITED AIRLINES B4QG225 44.90 18 808.20
0.03 WRK WESTROCK CO BYR0914 44.67 18 804.06
0.03 NDSN NORDSON CORP 2641838 268.00 3 804.00
0.03 CF CF INDUSTRIES HO B0G4K50 79.78 10 797.80
0.03 SWK STANLEY BLACK & B3Q2FJ4 88.50 9 796.50
0.03 INCY INCYTE CORP 2471950 61.00 13 793.00
0.03 ATO ATMOS ENERGY CORP 2315359 112.53 7 787.71
0.03 POOL POOL CORP 2781585 391.06 2 782.12
0.03 ALLE ALLEGION PLC BFRT3W7 129.29 6 775.74
0.03 EMN EASTMAN CHEMICAL CO 2298386 86.15 9 775.35
0.03 ALB ALBEMARLE CORP 2046853 128.59 6 771.54
0.03 GEN GEN DIGITAL INC BJN4XN5 21.42 36 771.12
0.03 GL GLOBE LIFE INC BK6YKG1 128.20 6 769.20
0.03 MAS MASCO CORP 2570200 76.63 10 766.30
0.03 CRL CHARLES RIVER LA 2604336 252.95 3 758.85
0.03 DGX QUEST DIAGNOSTICS INC 2702791 126.43 6 758.58
0.03 AKAM AKAMAI TECHNOLOGIES INC 2507457 107.76 7 754.32
0.03 FFIV F5 INC 2427599 185.44 4 741.76
0.03 RVTY REVVITY INC 2305844 105.63 7 739.41
0.03 SJM JM SMUCKER CO/THE 2951452 122.64 6 735.84
0.03 IP INTERNATIONAL PAPER CO 2465254 34.20 21 718.20
0.03 AAL AMERICAN AIRLINE BCV7KT2 15.54 46 714.84
0.03 NWSA NEWS CORP - CLASS A BBGVT40 26.43 27 713.61
0.03 CFG CITIZENS FINANCIAL GROUP BQRX1X3 30.96 23 712.08
0.03 KIM KIMCO REALTY CORP 2491594 19.56 36 704.16
0.03 NI NISOURCE INC 2645409 26.02 27 702.54
0.03 NRG NRG ENERGY INC 2212922 54.04 13 702.52
0.03 HSIC HENRY SCHEIN INC 2416962 77.85 9 700.65
0.03 CAG CONAGRA BRANDS INC 2215460 27.97 25 699.25
0.03 AES AES CORP 2002479 15.10 46 694.60
0.03 KEY KEYCORP 2490911 14.14 49 692.86
0.03 KMX CARMAX INC 2983563 76.66 9 689.94
0.03 PNR PENTAIR PLC BLS09M3 76.51 9 688.59
0.03 MOS MOSAIC CO/THE B3NPHP6 31.22 22 686.84
0.03 ROL ROLLINS INC 2747305 42.69 16 683.04
0.03 JNPR JUNIPER NETWORKS INC 2431846 37.16 18 668.88
0.03 UHS UNIVERSAL HLTH-B 2923785 165.79 4 663.16
0.03 SPX US 03/15/24 P4490 165.00 4 660.00
0.03 TECH BIO-TECHNE CORP BSHZ3Q0 73.21 9 658.89
0.03 ETSY ETSY INC BWTN5N1 72.08 9 648.72
0.03 XRAY DENTSPLY SIRONA INC BYNPPC6 33.68 19 639.92
0.03 DVA DAVITA INC 2898087 127.60 5 638.00
0.03 AMCR AMCOR PLC BJ1F307 8.95 71 635.45
0.02 MTCH MATCH GROUP INC BK80XH9 37.32 17 634.44
0.02 UDR UDR INC 2727910 35.08 18 631.44
0.02 MAA MID-AMERICA APAR 2589132 124.89 5 624.45
0.02 PNW PINNACLE WEST CAPITAL 2048804 69.01 9 621.09
0.02 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 16.24 36 584.64
0.02 CTLT CATALENT INC BP96PQ4 58.20 10 582.00
0.02 HII HUNTINGTON INGAL B40SSC9 289.49 2 578.98
0.02 HRL HORMEL FOODS CORP 2437264 30.90 18 556.20
0.02 EVRG EVERGY INC BFMXGR0 50.20 11 552.20
0.02 PAYC PAYCOM SOFTWARE INC BL95MY0 183.10 3 549.30
0.02 RL RALPH LAUREN CORP B4V9661 182.60 3 547.80
0.02 AIZ ASSURANT INC 2331430 181.75 3 545.25
0.02 REG REGENCY CENTERS CORP 2726177 60.53 9 544.77
0.02 BEN FRANKLIN RESOURCES INC 2350684 27.09 20 541.80
0.02 WHR WHIRLPOOL CORP 2960384 107.82 5 539.10
0.02 FOXA FOX CORP - CLASS A BJJMGL2 29.57 18 532.26
0.02 JKHY JACK HENRY 2469193 175.19 3 525.57
0.02 BF/B BROWN-FORMAN CORP-CLASS B 2146838 57.62 9 518.58
0.02 IVZ INVESCO LTD B28XP76 15.40 33 508.20
0.02 DAY DAYFORCE INC BFX1V56 71.91 7 503.37
0.02 RHI ROBERT HALF INC 2110703 80.94 6 485.64
0.02 FMC FMC CORP 2328603 52.78 9 475.02
0.02 CPB CAMPBELL SOUP CO 2162845 42.26 11 464.86
0.02 CZR CAESARS ENTERTAINMENT INC BMWWGB0 41.96 11 461.56
0.02 MHK MOHAWK INDUSTRIES INC 2598699 115.05 4 460.20
0.02 QRVO QORVO INC BR9YYP4 114.01 4 456.04
0.02 HAS HASBRO INC 2414580 50.28 9 452.52
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 111.35 4 445.40
0.02 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 213.97 2 427.94
0.02 WYNN WYNN RESORTS LTD 2963811 102.69 4 410.76
0.02 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 11.25 36 405.00
0.02 APA APA CORP BNNF1C1 30.20 13 392.60
0.01 CPT CAMDEN PROPERTY TRUST 2166320 93.23 4 372.92
0.01 ZION ZIONS BANCORP NA 2989828 38.68 9 348.12
0.01 BBWI BATH & BODY WORKS INC BNNTGJ5 47.41 7 331.87
0.01 BIO BIO-RAD LABORATORIES-A 2098508 329.74 1 329.74
0.01 AOS SMITH (A.O.) CORP 2816023 82.30 4 329.20
0.01 BXP BOSTON PROPERTIES INC 2019479 64.92 5 324.60
0.01 NCLH NORWEGIAN CRUISE B9CGTC3 19.09 17 324.53
0.01 CHRW CH ROBINSON 2116228 74.22 4 296.88
0.01 FRT FEDERAL REALTY INVS TRUST BN7P9B2 97.91 3 293.73
0.01 VFC VF CORP 2928683 16.07 18 289.26
0.01 BWA BORGWARNER INC 2111955 30.68 9 276.12
0.01 NWS NEWS CORP - CLASS B BBGVT51 27.57 9 248.13
0.01 FOX FOX CORP - CLASS B BJJMGY5 27.11 9 243.99
0.01 XSP US 03/15/24 P449 16.50 11 181.50
0.01 CMA COMERICA INC 2212870 49.30 3 147.90
-0.05 XSP US 03/15/24 C520 109.00 -11 -1,199.00
-0.16 SPX US 03/15/24 C5200 1,030.00 -4 -4,120.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/26/24

Return on Equity 20.80%
Weighted Avg. Market Cap 788,772 M
2023 2024
Price-to-earnings 22.81 20.59
Price-to-book value 4.63 3.97

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.59
NASDAQ-100 0.44
MSCI EAFE 0.53
MSCI Emg. Mkts 0.44
Standard Deviation 12.00%

Source: new windowAltaVista Research, LLC

ETF Research

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

XCLR 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 collar strategy involves holding shares of the underlying stock while simultaneously buying put options and selling call options against that holding. XCLR writes covered call index options on the and purchases put options on S&P 500 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. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 Index appreciates, the Fund will underperform due to the cost of the premiums paid. 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 S&P 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.