DYLG


Dow 30 Covered Call & Growth ETF

Reasons to Consider DYLG

High Income Potential

DYLG seeks to generate income by writing covered calls on the Dow Jones Industrial Average.

Upside Potential

By writing calls on 50% of the portfolio, the strategy allows investors to capture half the upside potential of the Dow Jones Industrial Average.

Monthly Distributions

DYLG expects to make distributions on a monthly basis.

Key Information As of 07/16/24

Inception Date 07/25/23
Total Expense Ratio 0.35%
Net Assets $1.97 million
NAV $28.12
Fact Sheet View the document

ETF Summary

The Global X Dow 30 Covered Call & Growth ETF (DYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Dow Jones Industrial Average (also known as the Dow 30 Index) and “writes” or “sells” corresponding call options on approximately 50% of the value of the portfolio of stocks in the same index.

ETF Objective

The Global X Dow 30 Covered Call & Growth ETF (DYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe DJIA Half BuyWrite Index.

Trading Details As of 07/16/24

Ticker DYLG
Bloomberg Index Ticker BXDEH
CUSIP 37960A511
ISIN US37960A5112
Primary Exchange NYSE Arca
Shares Outstanding 70,000
Number of Holdings 31
30-Day Median Bid-Ask Spread 0.22%

Distributions As of 07/16/24

30-Day SEC Yield 1.57%
Distribution Frequency Monthly

ETF Prices As of 07/16/24

NAV $28.12 Daily Change $0.25 0.90%
Market Price $28.13 Daily Change $0.28 1.01%

Performance History

As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
Year-to-Date 4.37% 4.33% 4.44%
1 Month 1.37% 1.41% 1.68%
3 Months -1.10% -1.21% -1.15%
Since Inception 8.80% 8.76% 8.89%
Year-to-Date 4.37% 4.33% 4.44%
1 Month 1.37% 1.41% 1.68%
3 Months -1.10% -1.21% -1.15%
Since Inception 8.80% 8.76% 8.89%

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

Dow Jones Industrial Average Price 40,954.50 Dow Jones Industrial Average Mini Price 409.54

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short 1/100 DJ Industrial Avg Call Option -$982,908 395 0.00% 07/19/2024 3

Top Holdings As of 07/16/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.95 UNH UNITEDHEALTH GROUP INC 2917766 548.87 321 176,187.27
8.20 GS GOLDMAN SACHS GROUP INC 2407966 503.02 321 161,469.42
7.33 MSFT MICROSOFT CORP 2588173 449.52 321 144,295.92
6.02 HD HOME DEPOT INC 2434209 369.12 321 118,487.52
5.88 CAT CATERPILLAR INC 2180201 360.58 321 115,746.18
5.43 AMGN AMGEN INC 2023607 333.14 321 106,937.94
4.39 V VISA INC-CLASS A SHARES B2PZN04 269.25 321 86,429.25
4.20 MCD MCDONALD'S CORP 2550707 257.27 321 82,583.67
4.18 CRM SALESFORCE INC 2310525 256.03 321 82,185.63
4.07 AXP AMERICAN EXPRESS CO 2026082 249.63 321 80,131.23
3.83 AAPL APPLE INC 2046251 234.82 321 75,377.22
3.56 HON HONEYWELL INTL 2020459 218.47 321 70,128.87
3.55 TRV TRAVELERS COS INC/THE 2769503 217.79 321 69,910.59
3.48 JPM JPMORGAN CHASE & CO 2190385 213.62 321 68,572.02
3.15 AMZN AMAZON.COM INC 2000019 193.02 321 61,959.42
3.03 BA BOEING CO/THE 2108601 186.05 321 59,722.05
3.03 IBM IBM 2005973 185.81 321 59,645.01
2.72 PG PROCTER & GAMBLE CO/THE 2704407 166.95 321 53,590.95
2.57 CVX CHEVRON CORP 2838555 157.77 321 50,644.17
2.46 JNJ JOHNSON & JOHNSON 2475833 151.01 321 48,474.21
2.05 MRK MERCK & CO. INC. 2778844 125.44 321 40,266.24
1.69 MMM 3M CO 2595708 103.31 321 33,162.51
1.61 DIS WALT DISNEY CO/THE 2270726 98.47 321 31,608.87
1.19 NKE NIKE INC -CL B 2640147 72.81 321 23,372.01
1.14 WMT WALMART INC 2936921 69.99 321 22,466.79
1.05 KO COCA-COLA CO/THE 2206657 64.27 321 20,630.67
0.89 DOW DOW INC BHXCF84 54.70 321 17,558.70
0.77 CSCO CISCO SYSTEMS INC 2198163 47.42 321 15,221.82
0.68 VZ VERIZON COMMUNIC 2090571 41.45 321 13,305.45
0.56 INTC INTEL CORP 2463247 34.34 321 11,023.14
0.13 CASH 1.00 2,574 2,573.54
0.05 OTHER PAYABLE & RECEIVABLES 1.00 914 913.79
-1.83 DJX US 07/19/24 C395 1,500.00 -24 -36,000.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Financials 22.7
Information Technology 19.6
Health Care 18.3
Consumer Discretionary 14.6
Industrials 14.0
Consumer Staples 5.0
Energy 2.6
Communication Services 2.4
Materials 0.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Technology 18.3
Financial Services 15.9
Retail 10.2
Health Care 8.6
Machinery 5.6
Industrial Conglomerates 5.3
Biotechnology 5.3
Pharmaceuticals 4.5
Hotels, Restaurants & Leisure 4.3
Insurance 3.4
Banking 3.4
Other 15.2

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 Characteristics As of 07/16/24

Return on Equity 23.80%
Weighted Avg. Market Cap 679,211 M
2023 2024
Price-to-earnings 23.12 19.21
Price-to-book value 4.93 4.25

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 DYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in DYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

DYLG 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. DYLG writes covered call index options on the Dow Jones Industrial Average. 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. DYLG 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 Dow Jones 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.