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 02/27/24

Inception Date 07/25/23
Total Expense Ratio 0.60%
Net Assets $2.74 million
NAV $27.36
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 02/27/24

Ticker DYLG
Bloomberg Index Ticker BXDEH
CUSIP 37960A511
ISIN US37960A5112
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 31
30-Day Median Bid-Ask Spread 0.22%

Distributions As of 02/27/24

30-Day SEC Yield 1.38%
Distribution Frequency Monthly

ETF Prices As of 02/27/24

NAV $27.36 Daily Change -$0.04 -0.15%
Market Price $27.36 Daily Change -$0.05 -0.18%

Performance History

As of recent
(12/31/23)
Fund NAV Market Price Index
Year-to-Date -- -- 12.32%
1 Month 3.43% 3.43% 3.46%
3 Months 8.63% 8.67% 8.65%
Since Inception 4.25% 4.25% 4.26%
Year-to-Date 1.55% 1.67% 1.63%
1 Month 1.55% 1.67% 1.63%
3 Months 11.85% 11.43% 11.89%
Since Inception 5.87% 5.98% 5.95%

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 02/27/24

Dow Jones Industrial Average Price 38,972.40 Dow Jones Industrial Average Mini Price 389.72

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 -$1,364,034 390 0.07% 03/15/2024 17

Top Holdings As of 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.65 UNH UNITEDHEALTH GROUP INC 2917766 513.42 461 236,686.62
6.87 MSFT MICROSOFT CORP 2588173 407.48 461 187,848.28
6.54 GS GOLDMAN SACHS GROUP INC 2407966 388.06 461 178,895.66
6.33 HD HOME DEPOT INC 2434209 375.56 461 173,133.16
5.52 CAT CATERPILLAR INC 2180201 327.63 461 151,037.43
5.05 CRM SALESFORCE INC 2310525 299.50 461 138,069.50
4.95 MCD MCDONALD'S CORP 2550707 293.76 461 135,423.36
4.77 V VISA INC-CLASS A SHARES B2PZN04 283.17 461 130,541.37
4.69 AMGN AMGEN INC 2023607 278.49 461 128,383.89
3.74 TRV TRAVELERS COS INC/THE 2769503 221.88 461 102,286.68
3.67 AXP AMERICAN EXPRESS CO 2026082 217.98 461 100,488.78
3.39 BA BOEING CO/THE 2108601 201.40 461 92,845.40
3.34 HON HONEYWELL INTL 2020459 198.18 461 91,360.98
3.12 IBM IBM 2005973 184.87 461 85,225.07
3.09 JPM JPMORGAN CHASE & CO 2190385 183.45 461 84,570.45
3.08 AAPL APPLE INC 2046251 182.63 461 84,192.43
2.92 AMZN AMAZON.COM INC 2000019 173.54 461 80,001.94
2.71 JNJ JOHNSON & JOHNSON 2475833 160.98 461 74,211.78
2.68 PG PROCTER & GAMBLE CO/THE 2704407 159.30 461 73,437.30
2.56 CVX CHEVRON CORP 2838555 152.16 461 70,145.76
2.17 MRK MERCK & CO. INC. 2778844 129.03 461 59,482.83
1.84 DIS WALT DISNEY CO/THE 2270726 109.42 461 50,442.62
1.77 NKE NIKE INC -CL B 2640147 105.15 461 48,474.15
1.56 MMM 3M CO 2595708 92.30 461 42,550.30
1.02 KO COCA-COLA CO/THE 2206657 60.34 461 27,816.74
1.01 WMT WALMART INC 2936921 59.59 462 27,530.58
0.94 DOW DOW INC BHXCF84 55.57 461 25,617.77
0.81 CSCO CISCO SYSTEMS INC 2198163 48.31 461 22,270.91
0.72 INTC INTEL CORP 2463247 42.73 461 19,698.53
0.67 VZ VERIZON COMMUNIC 2090571 39.93 461 18,407.73
0.18 OTHER PAYABLE & RECEIVABLES 1.00 5,003 5,003.44
0.06 CASH 1.00 1,712 1,712.22
-0.43 DJX US 03/15/24 C390 335.00 -35 -11,725.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Financials 21.5
Information Technology 19.8
Health Care 19.0
Industrials 13.9
Consumer Discretionary 12.9
Consumer Staples 7.0
Energy 2.6
Communication Services 2.4
Materials 0.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 11.9
Managed Health Care 8.7
Finance/Rental/Leasing 8.2
Investment Banks/Brokers 6.6
Home Improvement Chains 6.1
Biotechnology 5.5
Trucks/Construction/Farm Machinery 5.4
Restaurants 5.1
Industrial Conglomerates 5.0
Pharmaceuticals: Major 4.8
Information Technology Services 4.0
Other 28.7

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 02/27/24

Return on Equity 23.40%
Weighted Avg. Market Cap 561,115 M
2023 2024
Price-to-earnings 21.69 18.08
Price-to-book value 4.56 3.95

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.