FYLG


Financials Covered Call & Growth ETF

Reasons to Consider FYLG

High Income Potential

FYLG seeks to generate income by writing covered calls on the Financial Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Financial Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Financial Select Sector Index.

Monthly Distributions

FYLG seeks to make distributions on a monthly basis.

Key Information As of 05/28/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $2.57 million
NAV $25.71
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2025.


ETF Summary

The Global X Financials Covered Call & Growth ETF (FYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Financial Select Sector Index and the Financial Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Financial Select Sector SPDR Fund representing approximately 50% of the value of FYLG’s portfolio.

ETF Objective

The Global X Financials Covered Call & Growth ETF (FYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index.

Trading Details As of 05/28/24

Ticker FYLG
Bloomberg Index Ticker BXLFH
CUSIP 37960A768
ISIN US37960A7688
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 73
30-Day Median Bid-Ask Spread 0.82%

Distributions As of 05/28/24

30-Day SEC Yield 1.06%
Unsubsidized 30-Day SEC Yield 1.01%
12-Month Trailing Yield 4.99%
Distribution Yield 6.17%
Distribution Frequency Monthly

ETF Prices As of 05/28/24

NAV $25.71 Daily Change -$0.23 -0.89%
Market Price $25.71 Daily Change -$0.22 -0.85%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 22.79% 22.89% 23.86%
Since Inception 10.26% 10.32% 11.59%
1 Year 16.23% 16.31% 17.34%
Since Inception 7.56% 7.67% 8.83%
Year-to-Date 8.64% 8.72% 8.85%
1 Month 3.60% 3.55% 3.75%
3 Months 8.64% 8.72% 8.85%
Since Inception 14.19% 14.27% 16.06%
Year-to-Date 5.67% 5.83% 5.95%
1 Month -2.73% -2.65% -2.67%
3 Months 3.71% 3.75% 3.97%
Since Inception 11.07% 11.24% 12.97%

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 05/28/24

Financial Select Sector SPDR Fund (XLF) Price* 41.15
*Market Price as of 05/28/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Financial Select Sector SPDR Call Option -$1,292,110 42 2.07% 06/21/2024 24

Top Holdings As of 05/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
52.80 XLF SPDR-FINL SELECT 2364038 41.15 32,985 1,357,332.75
6.18 BRK/B BERKSHIRE HATH-B 2073390 403.90 393 158,732.70
4.84 JPM JPMORGAN CHASE & CO 2190385 199.50 624 124,488.00
3.60 V VISA INC-CLASS A SHARES B2PZN04 270.98 341 92,404.18
3.07 MA MASTERCARD INC - A B121557 445.08 177 78,779.16
2.28 BAC BANK OF AMERICA CORP 2295677 39.32 1,488 58,508.16
1.79 WFC WELLS FARGO & CO 2649100 59.48 772 45,918.56
1.25 GS GOLDMAN SACHS GROUP INC 2407966 459.81 70 32,186.70
1.17 SPGI S&P GLOBAL INC BYV2325 430.09 70 30,106.30
1.14 AXP AMERICAN EXPRESS CO 2026082 237.25 123 29,181.75
1.03 MS MORGAN STANLEY 2262314 98.67 269 26,542.23
1.01 PGR PROGRESSIVE CORP 2705024 205.18 126 25,852.68
1.00 C CITIGROUP INC 2297907 62.45 412 25,729.40
0.90 BLK BLACKROCK INC 2494504 771.41 30 23,142.30
0.90 CB CHUBB LTD B3BQMF6 262.64 88 23,112.32
0.88 SCHW SCHWAB (CHARLES) CORP 2779397 70.79 321 22,723.59
0.84 MMC MARSH & MCLENNAN COS 2567741 203.97 106 21,620.82
0.75 FI FISERV INC 2342034 148.42 129 19,146.18
0.72 BX BLACKSTONE INC BKF2SL7 121.21 153 18,545.13
0.64 ICE INTERCONTINENTAL BFSSDS9 133.68 123 16,442.64
0.63 CME CME GROUP INC 2965839 208.50 77 16,054.50
0.56 PYPL PAYPAL HOLDINGS INC BYW36M8 62.17 233 14,485.61
0.54 MCO MOODY'S CORP 2252058 405.80 34 13,797.20
0.52 USB US BANCORP 2736035 39.77 334 13,283.18
0.51 PNC PNC FINANCIAL SE 2692665 152.34 86 13,101.24
0.47 AON AON PLC-CLASS A BLP1HW5 279.26 43 12,008.18
0.46 AIG AMERICAN INTERNA 2027342 77.36 152 11,758.72
0.44 AJG ARTHUR J GALLAGHER & CO 2359506 248.33 46 11,423.18
0.43 COF CAPITAL ONE FINA 2654461 136.62 81 11,066.22
0.42 TFC TRUIST FINANCIAL CORP BKP7287 37.75 288 10,872.00
0.40 TRV TRAVELERS COS INC/THE 2769503 210.37 49 10,308.13
0.39 AFL AFLAC INC 2026361 87.26 115 10,034.90
0.38 BK BANK NY MELLON B1Z77F6 58.24 167 9,726.08
0.38 FIS FIDELITY NATIONA 2769796 75.13 129 9,691.77
0.37 MET METLIFE INC 2573209 70.98 135 9,582.30
0.37 AMP AMERIPRISE FINANCIAL INC B0J7D57 434.97 22 9,569.34
0.36 ALL ALLSTATE CORP 2019952 164.67 56 9,221.52
0.35 PRU PRUDENTIAL FINANCIAL INC 2819118 117.73 77 9,065.21
0.33 MSCI MSCI INC B2972D2 495.70 17 8,426.90
0.32 ACGL ARCH CAPITAL GROUP LTD 2740542 102.25 80 8,180.00
0.25 DFS DISCOVER FINANCI B1YLC43 121.82 53 6,456.46
0.25 HIG HARTFORD FINL SV 2476193 100.33 64 6,421.12
0.22 FITB FIFTH THIRD BANCORP 2336747 36.68 155 5,685.40
0.22 GPN GLOBAL PAYMENTS INC 2712013 101.47 56 5,682.32
0.22 WTW WILLIS TOWERS WATSON PLC BDB6Q21 250.63 22 5,513.86
0.21 MTB M & T BANK CORP 2340168 148.82 37 5,506.34
0.21 TROW T ROWE PRICE GROUP INC 2702337 116.33 47 5,467.51
0.20 RJF RAYMOND JAMES 2718992 123.54 42 5,188.68
0.19 STT STATE STREET CORP 2842040 73.91 65 4,804.15
0.18 BRO BROWN & BROWN INC 2692687 87.58 53 4,641.74
0.17 HBAN HUNTINGTON BANCSHARES INC 2445966 13.66 325 4,439.50
0.17 NDAQ NASDAQ INC 2965107 60.20 72 4,334.40
0.17 CBOE CBOE GLOBAL MARKETS INC B5834C5 178.85 24 4,292.40
0.16 CPAY CORPAY INC BMX5GK7 263.16 16 4,210.56
0.16 CINF CINCINNATI FINANCIAL CORP 2196888 115.74 36 4,166.64
0.16 RF REGIONS FINANCIAL CORP B01R311 19.06 211 4,021.66
0.15 PFG PRINCIPAL FINANCIAL GROUP 2803014 81.12 46 3,731.52
0.15 SYF SYNCHRONY FINANCIAL BP96PS6 43.22 86 3,716.92
0.14 WRB WR BERKLEY CORP 2093644 78.57 46 3,614.22
0.14 CFG CITIZENS FINANCIAL GROUP BQRX1X3 34.66 103 3,569.98
0.14 NTRS NORTHERN TRUST CORP 2648668 82.08 43 3,529.44
0.14 EG EVEREST GROUP LTD 2556868 386.46 9 3,478.14
0.13 FDS FACTSET RESEARCH 2329770 427.05 8 3,416.40
0.11 KEY KEYCORP 2490911 14.19 207 2,937.33
0.11 L LOEWS CORP 2523022 73.96 38 2,810.39
0.10 JKHY JACK HENRY 2469193 162.57 16 2,601.12
0.10 CASH 1.00 2,447 2,447.11
0.08 AIZ ASSURANT INC 2331430 168.57 12 2,022.84
0.07 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 206.35 9 1,857.15
0.06 IVZ INVESCO LTD B28XP76 15.45 102 1,575.90
0.06 GL GLOBE LIFE INC BK6YKG1 83.96 18 1,511.28
0.06 BEN FRANKLIN RESOURCES INC 2350684 23.07 64 1,476.48
0.06 CMA COMERICA INC 2212870 50.47 29 1,463.63
0.00 OTHER PAYABLE & RECEIVABLES 1.00 -70 -69.82
-0.32 2XLF US 06/21/2024 C42 26.00 -314 -8,162.70
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Industry Weight (%)
Major Banks 23.4
Finance/Rental/Leasing 17.8
Multi-Line Insurance 16.4
Investment Banks/Brokers 11.4
Property/Casualty Insurance 6.1
Insurance Brokers/Services 4.6
Investment Managers 4.4
Data Processing Services 4.0
Regional Banks 3.2
Financial Conglomerates 2.9
Internet Software/Services 2.5
Other 3.3

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 Research

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

FYLG 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. 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. FYLG 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 Cboe, nor does Cboe 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 Cboe.