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SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.

Check the background of SIDCO and Global X's Registered Representatives on FINRA's BrokerCheck.

Content
EquityIncomeCovered Call

XYLD

S&P 500® Covered Call ETF

Passive

Investment Strategy

Portfolio Implementation

The Case for XYLD

High Income Potential
Monthly Distributions
Efficient Options Execution

Related Product Research

Related funds

Enhanced Income

EDGX

U.S. 500 Income Edge℠ ETF

View Fund
Enhanced Income

XYLG

S&P 500® Covered Call & Growth ETF

View Fund
Covered Call

QYLD

Nasdaq 100® Covered Call ETF

View Fund

Documents

View Supplemental Tax Documents

  • Proxy Voting
  • Fact Sheet
    PDF|439 KB
  • Index Methodology Summary
    PDF|153 KB

  • Summary Prospectus
    PDF|212 KB
  • Statutory Prospectus
    PDF|932 KB
  • Statement of Additional Information
    PDF|995 KB
  • Annual Financial Statements *
    PDF|2.4 MB
  • Annual Shareholder Report
    PDF|268 KB
  • Semi Annual Shareholder Report
    PDF|187 KB
  • Q1 Complete Holdings
    PDF|410 KB
  • Q3 Complete Holdings
    PDF|318 KB
  • Semi Annual Financial Statements **
    PDF|2.4 MB
*
**

EDGX is an actively managed covered call ETF seeking a 9% annualized distribution rate by writing call options on a portion of its Solactive GBS United States 500 Index exposure, blending potential income generation with potential capital appreciation. The Fund seeks to pay distributions on a weekly schedule.

XYLG follows a buy-write strategy, buying the stocks in the S&P 500® Index and writing call options on approximately 50% of the portfolio's value in an effort to generate income through option premiums while maintaining partial participation in potential equity upside. The Fund seeks to pay distributions monthly.

QYLD holds the stocks of the Nasdaq-100® Index and writes call options on that same index, pursuing a "buy-write" strategy in an effort to provide income while capping potential upside participation in rising markets. The Fund seeks to pay distributions on a monthly schedule.

XYLD can complement a broad equity income allocation by overlaying a systematic covered call strategy on the S&P 500, compounding a stream of monthly distributions from option premiums while maintaining exposure to leading U.S. large-cap companies.

The fund's lack of embedded duration risk may appeal to income-oriented investors seeking an alternative to fixed income. Investors can use XYLD in an effort to monetize volatility in flat or choppy markets, where the premiums received have the potential to outperform the underlying index.

XYLD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.1

XYLD has made monthly distributions 13 years running.

XYLD writes call options on the S&P 500 Index, saving investors the time and potential expense of doing so individually.

1Covered call writing can limit the upside potential of the underlying security

Product ResearchCovered CallIncome Strategies

Monthly Covered Call Commentary: July 2026

Our covered call funds seek to offer alternate sources of income, with different risk/return characteristics. Here, we discuss recent developments.

R

Robert J. Scrudato

Jul 14, 20266 min read
Product ResearchEquity Income StrategiesOptions

Spotlight on XYLD: An S&P 500 Covered Call Strategy

R
View All Product Research

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

Against an uncertain economic backdrop, index covered calls may appeal to investors seeking to generate income and establish diversified equity exposure.

Robert J. Scrudato

Nov 13, 20238 min read
Total Expense Ratio
0.60%
NAV
$41.95
As of Oct 15, 2026
Distribution Frequency
Monthly
Distribution Rate
8.32%
Morningstar Rating™

Overall rating out of 100 Derivative Income funds, based on risk-adjusted returns as of Sep 30, 2026.

Holdings

As of Oct 15, 2026

Net Assets (%)
Ticker
Name
SEDOL
Market Price ($)
Shares Held
Market Value ($)
7.98%NVDANVIDIA CORP2379504$217.231,257,430$273,151,519
7.59%AAPLAPPLE INC2046251$342.00759,147$259,628,274
6.08%MSFT

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

Distributions

Oct 15, 2026

30-Day SEC Yield

0.48%

Trailing 12-Month Distribution (%)1

10.81%

Distribution Rate2

8.32%

Oct 15, 2026

View Tax Documents

Performance

Returns

As of recent(Sep 30, 2026)
Metric
1 Year
3 Year
5 Year
10 Year
Since Inception
Fund NAV
+17.57%+14.05%+8.25%+8.49%+8.35%
Market Price
+17.68%+14.02%+8.22%+8.48%+8.40%
Index
+18.20%+14.78%+9.01%+9.14%+8.79%
  1. The Fund’s investment objective and investment strategies changed effective December 15, 2017 and again on August 21, 2020. Index performance reflects the performance of the S&P 500 Stock Covered Call Index through December 14, 2017, the Cboe S&P 500 2% OTM BuyWrite Index through August 20, 2020, and the Cboe S&P 500 BuyWrite Index thereafter. The Fund was also re-organized effective December 24, 2018. Fund returns (NAV & Closing Price) presented above reflect the performance of the predecessor Fund through December 21, 2018.
  2. Past performance does not guarantee future results. The performance data quoted represents past performance. 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.
  3. 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.

Options Details

As of Oct 9, 2026

S&P 500 price

$7,811.54

Upside Cap
Option Positions
Notional Exposure
Strike
Upside Before Cap
Expiration Date
Calendar Days to Expiry
Short S&P 500 Call Option
-$3,485,509,1487,6300.00%Oct 16, 20267

Daily Premium / Discount

Latest Premium / Discount

As of Oct 15, 2026

  • NAV
    $41.95
  • Market Price
    $42.00
  • Premium / (Discount)
    $0.05
  • Premium / Discount
    0.125%

Current View Q4 2026

As of Oct 15, 2026

  • Days at Premium
    9
  • Days at NAV
    0
  • Days at Discount
    2
  • Greatest Premium
    0.125%
  • Greatest Discount
    -0.014%

Premium / Discount History — Q4 2026

As of Oct 15, 2026

Hypothetical Growth of $10,000

As of Oct 15, 2026

  • Overview
  • Investment Strategy
  • Performance
  • Holdings
  • Distributions
  • Portfolio Analytics
  • Documents

Portfolio Analytics

Risk Stats & Characteristics

Risk Stats

As of Sep 30, 2026

Versus
Beta
  • S&P 500
    0.49
  • NASDAQ-100
    0.29
  • MSCI EAFE
    0.34
  • MSCI Emg. Mkts
    0.19
  • Standard Deviation
    6.60%

Characteristics

As of Oct 15, 2026

  • Return on Equity
    23.50%
  • Weighted Avg. Market Cap
    $1703.58 billion
20252026
  • Price-to-Earnings
    29.37

Source: AltaVista Research, LLC

Overview

About This Fund

The Global X S&P 500® Covered Call ETF (XYLD) follows a “covered call” or “buy-write” strategy, in which the Fund buys stocks in the S&P 500 Index, or investments with economic characteristics similar to those of the Index’s component securities (either individually or in aggregate), and “writes” or “sells” corresponding call options on the same index.

Distributions may contain return of capital.

How the Fund Works

The Global X S&P 500® Covered Call ETF (XYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 BuyWrite Index.

The Index is designed to track the performance of a hypothetical covered call (buy-write) strategy applied to the S&P 500 Index, which measures the total return of 500 leading companies listed in the U.S. The Index “holds” the constituents of the S&P 500 Index and “writes” call options on the same index, with the long (held) equity component and the short (sold) call option component held in equal notional amounts, hypothetically generating option premiums that compound. The fund seeks to make monthly distributions.

Highlights

  • Monthly distribution schedule
  • Passively managed
  • Rules-based covered call strategy
  • Large-cap United States equity exposure

Fund Details

As of Oct 15, 2026

  • Ticker
    XYLD
  • Total Expense Ratio
    0.60%
  • Inception Date
    06/21/13
  • Net Assets
    $3.42 billion
  • Shares Outstanding
    81,570,000
  • Number of Holdings
    505
  • Primary Exchange
    NYSE Arca
  • CUSIP
    37954Y475
  • Bloomberg Index Ticker
    BXM
  • ISIN
    US37954Y4750
  • 30-Day Median Bid-Ask Spread
    0.02%
  • Distribution Frequency
    Monthly
View Distribution History

ETF Prices

As of Oct 15, 2026

  • NAV
    $41.95
  • Daily Change
    $0.05 / 0.12%
  • Market Price
    $42.00
  • Daily Change
    $0.07 / 0.17%
MICROSOFT CORP
2588173
$539.44
385,821
$208,127,280
3.80%AMZNAMAZON.COM INC2000019$254.76510,772$130,124,275
3.11%GOOGLALPHABET INC-CL ABYVY8G0$349.22304,459$106,323,172
2.49%AVGOBROADCOM INCBDZ78H9$344.33247,606$85,258,174
2.49%GOOGALPHABET INC-CL CBYY88Y7$344.91246,493$85,017,901
2.47%METAMETA PLATFORMS INCB7TL820$736.72114,782$84,562,195
1.60%MUMICRON TECHNOLOGY INC2588184$931.2458,795$54,752,256
1.56%TSLATESLA INCB616C79$362.44146,759$53,191,332

What is Premium/Discount Chart?

The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

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.

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment at the first trading date of the period shown and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
The performance quoted represents past performance and does not guarantee future results. 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 the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.
21.76
  • Price-to-Book Value
    5.614.70
  • Distribution Frequency

    Monthly

    Record Date
    Payable Date
    Amount
    Dec 30, 2026Dec 30, 2026Jan 5, 2027-
    Dec 21, 2026Dec 21, 2026Dec 24, 2026-
    Nov 23, 2026Nov 23, 2026Nov 27, 2026-
    Oct 19, 2026Oct 19, 2026Oct 22, 2026-
    Sep 21, 2026Sep 21, 2026Sep 24, 2026$0.30
    Aug 24, 2026Aug 24, 2026Aug 27, 2026$0.31
    Jul 20, 2026Jul 20, 2026Jul 23, 2026$0.41
    Jun 22, 2026Jun 22, 2026Jun 25, 2026$0.34
    May 18, 2026May 18, 2026May 21, 2026$0.40
    Apr 20, 2026Apr 20, 2026Apr 23, 2026$0.35
    Mar 23, 2026Mar 23, 2026Mar 26, 2026$0.39
    Feb 23, 2026Feb 23, 2026Feb 26, 2026$0.34
    Jan 20, 2026Jan 20, 2026Jan 23, 2026$0.36
    1. 1

      The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the 19a Notice. These do not imply rates for any future distributions.

    2. 2

      The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the 19a Notice. These do not imply rates for any future distributions.

    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. A portion of the distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the Tax Documents. These do not imply rates for any future distributions.

    History
    As of
    Options Premiums vs. Distributions: Last 12 Months
    As of