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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 01/24/25

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $4.40 million
NAV $29.36
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 01/23/25

Ticker FYLG
Bloomberg Index Ticker BXLFH
CUSIP 37960A768
ISIN US37960A7688
Primary Exchange NYSE Arca
Shares Outstanding 150,000
Number of Holdings 75
30-Day Median Bid-Ask Spread 0.67%

Distributions As of 01/24/25

30-Day SEC Yield 0.83%
Unsubsidized 30-Day SEC Yield 0.78%
Trailing 12-Month Distribution (%) 1 5.23%
Distribution Rate 2 4.79%
Distribution Frequency Monthly

1The 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” here. These do not imply rates for any future distributions.

2The 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” here. These do not imply rates for any future distributions.

ETF Prices As of 01/24/25

NAV $29.36 Daily Change $0.06 0.20%
Market Price $29.37 Daily Change $0.05 0.17%

Performance History

As of recent month & quarter-end (12/31/24)
As of recent month & quarter-end (12/31/24)
Fund NAV Market Price Index
1 Year 21.79% 21.83% 23.14%
Since Inception 12.40% 12.42% 13.76%
1 Year 21.79% 21.83% 23.14%
Since Inception 12.40% 12.42% 13.76%
Year-to-Date 21.79% 21.83% 23.14%
1 Month -3.75% -3.88% -3.66%
3 Months 5.53% 5.53% 6.00%
Since Inception 28.01% 28.05% 31.29%
Year-to-Date 21.79% 21.83% 23.14%
1 Month -3.75% -3.88% -3.66%
3 Months 5.53% 5.53% 6.00%
Since Inception 28.01% 28.05% 31.29%

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 01/24/25

Financial Select Sector SPDR Fund (XLF) Price* 50.85
*Market Price as of 01/24/25

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Financial Select Sector SPDR Call Option -$2,227,230 50 0.00% 02/21/2025 28

Top Holdings As of 01/24/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
53.83 XLF SPDR-FINL SELECT 2364038 50.85 46,620 2,370,627.00
5.67 BRK/B BERKSHIRE HATH-B 2073390 463.19 539 249,659.41
4.97 JPM JPMORGAN CHASE & CO 2190385 264.84 826 218,757.84
3.80 V VISA INC-CLASS A SHARES B2PZN04 330.20 507 167,411.40
2.91 MA MASTERCARD INC - A B121557 533.49 240 128,037.60
2.07 BAC BANK OF AMERICA CORP 2295677 46.52 1,959 91,132.68
1.71 WFC WELLS FARGO & CO 2649100 77.32 972 75,155.04
1.33 GS GOLDMAN SACHS GROUP INC 2407966 636.90 92 58,594.80
1.18 AXP AMERICAN EXPRESS CO 2026082 321.34 162 52,057.08
1.14 MS MORGAN STANLEY 2262314 137.82 364 50,166.48
1.09 SPGI S&P GLOBAL INC BYV2325 513.75 93 47,778.75
1.04 C CITIGROUP INC 2297907 81.48 562 45,791.76
1.00 BLK BLACKROCK INC BMZBBT7 1,020.45 43 43,879.35
0.93 PGR PROGRESSIVE CORP 2705024 238.82 171 40,838.22
0.90 BX BLACKSTONE INC BKF2SL7 186.74 211 39,402.14
0.82 SCHW SCHWAB (CHARLES) CORP 2779397 81.83 439 35,923.37
0.80 FI FISERV INC 2342034 208.84 169 35,293.96
0.74 KKR KKR & CO INC BG1FRR1 165.53 197 32,609.41
0.72 MMC MARSH & MCLENNAN COS 2567741 218.96 145 31,749.20
0.66 CB CHUBB LTD B3BQMF6 266.70 109 29,070.30
0.61 PYPL PAYPAL HOLDINGS INC BYW36M8 89.11 299 26,643.89
0.60 ICE INTERCONTINENTAL BFSSDS9 157.47 169 26,612.43
0.56 CME CME GROUP INC 2965839 234.68 105 24,641.40
0.54 PNC PNC FINANCIAL SE 2692665 199.53 118 23,544.54
0.52 AON AON PLC-CLASS A BLP1HW5 369.16 62 22,887.92
0.51 COF CAPITAL ONE FINA 2654461 203.53 111 22,591.83
0.51 MCO MOODY'S CORP 2252058 489.65 46 22,523.90
0.51 USB US BANCORP 2736035 49.07 459 22,523.13
0.51 APO APOLLO GLOBAL MA BN44JF6 172.06 130 22,367.80
0.48 AJG ARTHUR J GALLAGHER & CO 2359506 289.51 73 21,134.23
0.46 CASH 1.00 20,395 20,394.99
0.42 TFC TRUIST FINANCIAL CORP BKP7287 47.00 391 18,377.00
0.42 BK BANK NY MELLON B1Z77F6 85.32 214 18,258.48
0.37 AMP AMERIPRISE FINANCIAL INC B0J7D57 563.58 29 16,343.82
0.36 TRV TRAVELERS COS INC/THE 2769503 241.86 65 15,720.90
0.35 AFL AFLAC INC 2026361 104.91 148 15,526.68
0.35 DFS DISCOVER FINANCI B1YLC43 202.10 76 15,359.60
0.33 MET METLIFE INC 2573209 86.03 171 14,711.13
0.32 MSCI MSCI INC B2972D2 620.72 23 14,276.56
0.32 ALL ALLSTATE CORP 2019952 186.07 75 13,955.25
0.31 AIG AMERICAN INTERNA 2027342 73.78 187 13,796.86
0.29 FIS FIDELITY NATIONA 2769796 79.23 159 12,597.57
0.27 PRU PRUDENTIAL FINANCIAL INC 2819118 117.31 103 12,082.93
0.23 MTB M & T BANK CORP 2340168 198.95 50 9,947.50
0.23 ACGL ARCH CAPITAL GROUP LTD 2740542 92.76 107 9,925.32
0.22 WTW WILLIS TOWERS WATSON PLC BDB6Q21 322.37 30 9,671.10
0.22 NDAQ NASDAQ INC 2965107 81.15 119 9,656.85
0.22 HIG HARTFORD FINL SV 2476193 111.49 85 9,476.65
0.21 RJF RAYMOND JAMES 2718992 172.64 53 9,149.92
0.19 FITB FIFTH THIRD BANCORP 2336747 44.18 193 8,526.74
0.19 STT STATE STREET CORP 2842040 99.06 85 8,420.10
0.19 GPN GLOBAL PAYMENTS INC 2712013 109.05 77 8,396.85
0.18 SYF SYNCHRONY FINANCIAL BP96PS6 70.63 112 7,910.56
0.18 BRO BROWN & BROWN INC 2692687 106.00 73 7,738.00
0.17 TROW T ROWE PRICE GROUP INC 2702337 114.21 67 7,652.07
0.17 HBAN HUNTINGTON BANCSHARES INC 2445966 17.20 443 7,619.60
0.16 CPAY CORPAY INC BMX5GK7 379.29 19 7,206.51
0.16 RF REGIONS FINANCIAL CORP B01R311 24.47 280 6,851.60
0.15 NTRS NORTHERN TRUST CORP 2648668 110.92 61 6,766.12
0.15 CFG CITIZENS FINANCIAL GROUP BQRX1X3 47.46 139 6,596.94
0.15 CINF CINCINNATI FINANCIAL CORP 2196888 137.24 48 6,587.52
0.15 CBOE CBOE GLOBAL MARKETS INC B5834C5 200.18 32 6,405.76
0.12 EG EVEREST GROUP LTD 2556868 365.14 14 5,111.96
0.12 WRB WR BERKLEY CORP 2093644 57.52 88 5,061.76
0.11 PFG PRINCIPAL FINANCIAL GROUP 2803014 81.83 59 4,827.97
0.11 L LOEWS CORP 2523022 84.88 56 4,753.28
0.11 FDS FACTSET RESEARCH 2329770 467.12 10 4,671.20
0.10 KEY KEYCORP 2490911 17.68 254 4,490.72
0.08 JKHY JACK HENRY 2469193 173.88 21 3,651.48
0.08 GL GLOBE LIFE INC BK6YKG1 119.34 28 3,341.52
0.07 AIZ ASSURANT INC 2331430 210.90 14 2,952.60
0.06 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 224.43 12 2,693.16
0.06 IVZ INVESCO LTD B28XP76 17.63 145 2,556.35
0.04 ERIE ERIE INDEMNITY-A 2311711 386.98 5 1,934.90
0.04 BEN FRANKLIN RESOURCES INC 2350684 20.09 92 1,848.28
-0.41 OTHER PAYABLE & RECEIVABLES 1.00 -17,843 -17,843.14
-1.40 2XLF US 02/21/2025 C50 140.49 -438 -61,535.96
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Industry Weight (%)
Financial Services 60.0
Banks 24.9
Insurance 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 01/24/25

Return on Equity 14.00%
Weighted Avg. Market Cap 201,222 M
2023 2024
Price-to-earnings 20.92 18.29
Price-to-book value 2.70 2.43

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.74
NASDAQ-100 0.51
MSCI EAFE 0.57
MSCI Emg. Mkts 0.39
Standard Deviation 11.40%

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the Global X Sector Covered Call & Growth ETFs (TYLG, FYLG, HYLG)

Read the Full ArticleRead More

ETF Documents

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.